The demand for sachet packaging in the Asia Pacific region is on the rise, and this trend is expected to accelerate over the next decade. In 2023, the top three countries in the region are predicted to collectively capture approximately 70.8% of the market share, indicating the strong regional demand and market concentration in those nations.
The Asia Pacific Sachet Packaging Market is poised for significant growth, with a projected valuation of US$ 3.7 billion in 2023. This robust market is expected to maintain its upward trajectory, with a compound annual growth rate (CAGR) of 8.0% forecasted between 2023 and 2033. By 2033, the market is anticipated to reach an impressive valuation of US$ 8.1 billion.
Machinery manufacturers might focus on innovating existing packaging systems in order to leverage opportunities generated through increasing demand for process automation. Numerous companies are already working on developing packaging automation products to gain an early-mover advantage in the market.
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Key Takeaways from this Market Study:
- Asia Pacific’s sachet packaging machines industry exhibited moderate growth at a CAGR of 1.4% during the historical period.
- India’s sachet packaging machines industry is anticipated to offer an incremental opportunity of US$ 103.8 million over the next ten years.
- China is expected to account for around 39.2% of Asia Pacific sachet packaging machines’ market share in 2023.
- Based on machine type, the vertical form fill seal (VFFS) machine segment is anticipated to advance at a CAGR of 5.2% in the estimated time frame.
- By operating speed, the multi-lane machines segment is anticipated to create an incremental opportunity worth US$ 218 million during the forecast period.
Market Drivers:
- Cost-Effective Packaging: Sachet packaging is often more cost-effective for both manufacturers and consumers, making it an attractive option for a wide range of products, from food and beverages to personal care items.
- Environmental Concerns: As sustainability concerns grow, some sachet packaging materials are being developed to be more eco-friendly, which can attract environmentally conscious consumers.
- Increasing Consumer Demand: There has been a growing demand for single-use or small-portion packaging solutions due to changing consumer preferences, urbanization, and busy lifestyles.
- Reduced Food Waste: Sachets can help reduce food waste by providing smaller portions that consumers can use before the product expires.
- Growth in E-commerce: The rise of e-commerce has led to an increase in the use of sachet packaging for sample products and small-sized items sold online.
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Market Growth Factors
Surging sales can be attributed to the rising preference for sugar, salt, and sauce sachets, notably favored by prominent fast-food chains like Taco Bell, Burger King, and Pizza Hut.
Key Market Players
- Amcor Plc
- Huhtamäki Oyj
- Sealed Air Corporation
- Constantia Flexibles Group GmbH
- UFlex Limited
- Petals Packaging Company
- Printpack Inc.
- Paharpur 3P
- Swiss Pac Pvt. Ltd.
- Yaxon Biocare Pvt. Ltd
- Packman Industries
- Color Flex
- Asian Flexi Pack India Pvt Ltd,
- Strava Healthcare
- TOPPAN PRINTING CO., LTD.
Market Outlook by Category
By Pack Size:
- 1 ml to 10 ml
- 11 ml to 20 ml
- 21 ml to 30 ml
- 30 ml & Above
By Material:
- Plastic
- Paper
- Aluminum Foil
By Application:
- Food
- Personal Care & Cosmetics
- Pharmaceutical
- Industrial
By Packaging Machinery:
- Vertical Form Fill Seal (VFFS)
- Horizontal Form Fill Seal (VFFS)
By Country:
- China
- Japan
- South Korea
- India
- Australia
- Association of Southeast Asian Nations
- Rest of Asia Pacific
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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