Sachet Packaging Market Forecasts to 2028 – Global Analysis By Material Type (Aluminum Foil, Paper, Plastic), Pack Size (1 ml -10 ml, 11 ml – 20 ml, 21 ml – 30 ml), Application (Pharmaceuticals (Cream & Ointments), Personal Care & Cosmetics) and By Geography
According to Stratistics MRC, the Global Sachet Packaging Market is accounted for $10.04 billion in 2022 and is expected to reach $15.50 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Sachets are small sealed flexible bags with three- or four-layer packaging. These are manufactured from materials such as aluminum, plastic, cellulosic, non-plastic, and cloth. Sachet packaging is a type of packaging in which products are contained within sachet packets. These packets are thin, porous bags that can be made from any number of materials.
In a Flexible Packaging Association (FPA) survey of 2,120 consumers, consumers placed a high value on packaging that is easy to store, easy to reseal, and easy to open. According to the Flexible Packaging Association, flexible packaging is mainly used for food, which accounts for more than 60% of the total market. Because it could incorporate new solutions for the many packaging issues it faces, the flexible packaging industry is experiencing robust growth. In addition, the Indian food and grocery market is the world's sixth-largest, according to IBEF, with retail accounting for 70% of sales. The Indian food processing industry, which contributes to 32% of the country's overall food market and ranks fifth in production, consumption, export, and expected growth, is one of the country's most important industries.
Market Dynamics:
Driver:
Increasing demand for convenient & small-size packaging
The rising demand for appropriate, small-size, and hygienic packaging will drive the demand for the market. Food manufacturers are beginning to recognize the importance of preventing future pandemic outbreaks. This will increase demand for elastic packaging solutions such as sachets. Moreover, the economical packaging of sachets is cost-effective for both packaging and distribution activities because it reduces product wastage, resulting in high demand. Besides, the growing use of recyclable and sustainable materials for manufacturing sachets is expected to grow in the market over the forecasting years.
Restraint:
High Cost
Packaging can do a lot to get customer responsiveness, and may even add value to a product, it also adds to the cost of production and the eventual retail price. Moreover, packaging can represent as much as 40 percent of the selling price of products in industries such as the cosmetic industry. New packaging can be expensive to develop, adding to the cost of products.
Opportunity:
Growing demand from numerous industry verticals
With the growing demand from several industry verticals, for the packaging of powders, diet supplements, dry syrups, and other products sachets are used in the pharmaceutical industry. In the cosmetics industry, the packaging of shampoos and conditioners is one of the significant applications of single-use sachets due to the price-sensitive consumers in emerging economies. Additionally, it can also be used in the packaging of Fragrances, Liquid Soap, toothpaste, lotions, gel, make-up remover, towelettes, wet tissues, and others. Also, in the food & beverage industry, sachets can be used for packaging products such as sauces, toppings, jam, yogurt, salad dressing, electrolytes, energy drinks, freeze pops, drink mixes, sweeteners, mouth fresheners, coffee powder, pre-mixes, seasoning powders, and other products. Thus, owing to the demand from various applications this in turn creates ample opportunity for the market.
Threat:
Landfill Impact
Packaging is responsible for significant portions of the waste stream. According to the Ashland Food Cooperative, packaging is responsible for about one-third of the municipal waste in the United States. Some waste can be recycled, but many materials are not appropriate for recycling. Post-consumer recycled content is often used only in specific contexts. For instance, many types of recycled plastic may not be used in food containers, even if the original plastic came from food containers. Much of the waste produced by packaging ends up in a landfill. This act is one of the restraints for market growth.
Covid-19 Impact
The COVID-19 pandemic had a significant impact on the regional and country-level Sachet Packaging markets worldwide. Due to the outbreak of COVID 19, the pouch packaging manufacturers are faced supply chain disruption, along with decreasing manufacturing at the site in many parts of the world. However, an increasing demand for medical and healthcare supplies is expeced to affect the pouch packaging market positively.
The Plastic segment is expected to be the largest during the forecast period
The Plastic segment is expected to be the largest during the forecast period, owing to an increase in demand for recyclable and sustainable sachets from foods & beverages and pharmaceuticals sectors. Plastic has a range of properties, including flexibility, hardness and strength, and lightweight, to name a few. Furthermore, the Market will benefit from the rising demand for sachet packets in single-use items, travel packs, and trial packs.
The Food segment is expected to have the highest CAGR during the forecast period
The food segment is anticipated to witness the fastest CAGR growth during the forecast period Sachet-packed foods in powders and liquids maintain quality and extend shelf life and once opened by consumers will be used immediately. In most cases no additives or conserving chemicals are added to the foods packed, offering consumers fresh and natural products as received directly from the manufacturer, to be packed by the sachet packaging company.
Region with highest share:
North America is projected to hold the largest market share during the forecast period, owing to growing investment in the research and development process. Innovation and new product development by numerous manufacturers is the current North American market trend. Moreover, manufacturers are focusing on developing innovative products, to strengthen their presence in the North American sachet packaging in the pharmaceuticals market.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, due to rising industrialization, urbanization, globalization, and growth and expansion of the packaging industry. Increased application of sachet packaging by the various end-user verticals is another important factor fostering the market growth in this province. Furthermore, the rising demand for small size and cost-effective packaging in the region is also likely to support the regional growth of the market. Additionally, the increase in product developments in collaboration with the players is also expected to contribute to the growth of the market in the province.
Key players in the market
Some of the key players profiled in the Sachet Packaging Market include Webtrends, AT Internet, Verto Analytics, Talend, Splunk,Oracle, Microsoft, Jumpshot, IBM,HPE, Google, Connexity, SAP, Adobe and Vlocity.
Key Developments:
In June 2019: Amcor acquired Bemis, another major player in the packaging market. The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor’s industry leading value proposition and generate significant value for shareholders.
In September 2019: Constantia flexibles acquired a Russian group of companies TT, which is now called Constantia TT. The pharma product portfolio of Constantia TT constitutes blister foil as well as sachet and cold form material.
In May 2021: Amcor launched a high-barrier plastic sheet sachet for powdered chocolate in Columbia. The 25-gram sachet, when recycled, decreases carbon footprint by 53% and water consumption by 84%
Material Type:
• Aluminium Foil
• Paper
• Plastic
Pack Sizes Covered:
• 1 ml -10 ml
• 11 ml – 20 ml
• 21 ml – 30 ml
Applications Covered:
• Pharmaceuticals (Cream & Ointments)
• Personal Care & Cosmetics
• Food
• Industrial
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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