Expected to achieve a substantial valuation of US$ 9,814.3 million in 2023, the global sachet packaging market is forecasted projected increase even more, reaching a noteworthy Compound Annual Growth Rate (CAGR) of 5.9% between 2023 and 2033, with US$ 17,381.9 million at that point. Growing discretionary income and a growing need for efficient packaging—especially for travel—are the main drivers of sachet packaging’s increasing popularity in China. International companies in the sachet packaging business invest more in the region because to its large consumer base.
Sachets are quite popular since they are less expensive than bottles, especially for middle-class and price-sensitive consumers. China is in a strong position to gain a significant market share and establish itself as a major player in the rapidly developing sachet packaging business thanks to this economic advantage. The ability of sachet packing to be portable and on-the-go is changing how people consume it and propelling market expansion. Demand is predicted to soar in the next years due to consumers’ growing inclination for sachet packing due to its ease of use, low waste, and practicality. The delivery of creative sachet packets in the food and beverage, consumer goods, healthcare, and personal care industries is predicted to be a major driver of market growth. Manufacturers are investigating ways to draw consumers through portioned marketing.
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It is also expected that the industry will develop because sachet packing is more affordable than other rigid packaging options. Product demand is being positively impacted by lower manufacturing costs, less raw material requirements, and cheaper costs associated with packing, printing, and shipping.
The market is anticipated to expand as a result of the increasing need for small-scale packaging products across a variety of industries, including food and beverage, cosmetics, pharmaceuticals, and personal care. One of the major developments that is favorably impacting the market outlook is the introduction of active packaging emitting sachets in sachet packaging.
New potential for market expansion are being presented by the use of active antimicrobial packaging in packaged food and spaces to delay, limit, or even prevent the growth of pathogenic bacteria and deterioration. Because fewer people are storing food in rural regions, there is a greater need for more convenient packaging, including sachet packing solutions.
Key Takeaways
- North America is expected to grow with a CAGR of 5.7% during the forecast period.
- The market in India is projected to witness a promising CAGR of 9.20% during the forecast period.
- China is expected to grow at a 9.90% CAGR during the forecast period.
- By material type, plastic is projected to lead the segment and is estimated to grow with a CAGR of 5.5% during the forecast period.
- By end-use, personal care, and cosmetic segment is expected to lead the market. It is expected to grow with a CAGR of 5.9% during the projected period.
“Growing demand for small portion size and single-serve products is expected to fuel the demand for sachet packaging over the forecast period,” comments an FMI Analyst
Competitive Landscape
The sachet packaging market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing sachet packaging solutions.
The key industry players are
- Glenroy Inc.,
- Amcor Plc,
- Huhtamaki Oyj,
- ProAmpac LLC
- Constantia Flexibles Group GmbH,
- AE Adams (Henfield) Ltd,
- Paharpur 3P,
- RCP Ranstadt GmbH,
- Sharp Packaging Services,
- Sealed Air Corporation.
Key industry players are leveraging organic growth strategies like acquisition, mergers, partnerships, and collaboration in order to enhance their product portfolio. This is expected to fuel the global sachet packaging market.
- In May 2021, Amcor introduced a high-barrier plastic sheet sachet for packaging powdered chocolate in Columbia. The 25-gram sachet, when recycled, reduces carbon emissions by 50% and water consumption by 83%.
- In April 2021, Constantia Flexibles acquired Propak, a leading player in the European packaging industry. This merger is generating strong market potential and is proving to be a huge step in film packaging for company’s presence in the rapidly expanding market segment.
- In July 2022, Unilever, a United Kingdom-based multinational consumer goods company, cooperated with another British multinational packaging and paper group, Mondi. The collaboration was aimed at creating aluminum-free, recyclable paper-based packaging for Colman’s sauces and meal maker range.
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Key Segmentations:
By Material Type:
- Plastic
- Paper
- Aluminium Foil
- Others
By Pack Size:
- 1 ml to 10 ml
- 11 ml to 20 ml
- 21 ml to 30 ml
- Above 30 ml
By Packaging Machinery:
- Vertical Form-fill-seal Machines
- Horizontal Form-fill-seal Machines
By Application:
- Food
- Personal Care & Cosmetics
- Pharmaceuticals
- Sealants & Adhesives
- Lubricants & Solvents
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights Inc. (FMI)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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