Sachet Packaging Market By Material Type (Plastic, Non-Plastic), By Size (1ml - 20ml, 21ml - 30ml, Above 30 ml), By Application (Cosmetic and Personal Care, Food and Beverage, Pharmaceuticals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global sachet packaging market was valued at $9,028.2 million in 2021, and is projected to reach $15,493.9 million by 2031, registering a CAGR of 5.5% from 2022 to 2031. Sachet packaging consists of three or four layers of various materials, such as plastic, non-plastic, and others. Sauces, sugar, shampoo, oil, ketchup, tea, coffee, cream, lubricants, and others are all packaged in sachets, which are small flexible packets with four sides shut. Its tiny packaging is used for pharmaceuticals, foods & beverages, cosmetics & personal care, pharmaceuticals, and others.
Sachet packaging is a new type of packaging that is compact in size, inexpensive, and accessible to all. Family-sized containers are more expensive than sachet-packed products. As a result, number of small, personalized packages has increased to fulfil needs of all levels of society. Sachet packaging is often flat, rather than circular or oval, and has two or three size openings. Growth in need for tiny, convenient packaging in foods & beverages, medicines, cosmetics & personal care, healthcare, and hygiene products has led to rise in demand for sachet packaging. Moreover, rise in number of retail industries and investments by key players for development of eco-friendly & recyclable packaging material can lead to upliftment in the sachet packaging market. Availability of alternatives such as flexible packaging, stick packaging, and strict government rules regarding usage of non-plastics and fluctuation in price of raw materials limits the market growth.
Major players are adopting product launch and acquisition as key developmental strategies to improve their product portfolio of the sachet packaging market. For instance, in February 2022, ProAmpac announced that it has acquired Belle-Pak Packaging, an award-winning manufacturer of sachet packaging products. This acquisition expands its growing presence in Canada and extends its reach in high growth e-commerce, healthcare, and logistics. This is expected to improve the product portfolio of the company.
The global sachet packaging market is segmented into material type, size application, and region. By material type, the market is categorized into plastic, non-plastic, and others. On the basis of size, the market is fragmented into as 1ml–20ml, 21ml–30ml, and above 30ml. The 1ml–20ml segment is anticipated to dominate the global sachet packaging market throughout the forecast period. The application segment is fragmented into cosmetic & personal care, foods & beverages, pharmaceuticals, and others. egion wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific was the highest contributor to the global sachet packaging market, and is expected to witness significant growth rate in the coming years.
The COVID-19 pandemic forced many companies in the global sachet packaging market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global sachet packaging market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the global sachet packaging market, and the market is anticipated to witness a slow recovery during the forecast period.
The key players profiled in the sachet packaging market report include Amcor Plc., ProAmpac Holdings LLC., Constantia Flexible, Huhtamaki Group, Sonoco Products Company, Mondi Group, Sealed Air, Coveris, Clondalkin Group, and Syntegon Technology GmbH.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging global sachet packaging market trends and dynamics.
In-depth market analysis is conducted by the global market estimations for key market segments between 2021 and 2031.
The global sachet packaging market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global sachet packaging market forecast analysis from 2022 to 2031 is included in the report.
The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global sachet packaging industry.
Key Market Segments
By Material Type
Plastic
Non-Plastic
By Size
1ml - 20ml
21ml - 30ml
Above 30 ml
By Application
Cosmetic and Personal Care
Food and Beverage
Pharmaceuticals
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Amcor Plc
ProAmpac Holdings LLC
constantia flexibles
Huhtamaki Group
Sonoco Products Company
Mondi Group
Sealed Air
coveris
Clondalkin Group
Syntegon Technology GmbH
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