PUBLISHER: Allied Market Research | PRODUCT CODE: 1108547
PUBLISHER: Allied Market Research | PRODUCT CODE: 1108547
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
By Material Type
By Size
By Application
By Region