Global Sachet Packaging Market Overview:
"The Sachet Packaging Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
With the changing consumer needs and preferences, they search for a more convenient choice in terms of price and quality with a major focus on the functionality of packaging for products such as instant drinks, food, pharmaceuticals, and much more. This need had developed small product sizes, such as sachets which refers to small sealed bags or packets containing a small quantity of material. Sachets come in a flat shape with a three or four-side-sealing, unlike round or oval cross shapes.
Increasing demand for sachets owing to changing consumer demands for pack style modifications is a key factor driving the growth of the global sachet packaging market. Customers today are focused on convenience and choice of carrying and consuming on the go. Moreover, the growing number of single-family has reduced the large quantity of packaging demand.
In addition, people migrating from rural to urban areas, results in less food storage capacity, subsequently creating high need for more convenient packages. However, alternatives such as flexible packaging and stick packaging may hamper growth of the market.
Moreover, increasing adoption sachets in various applications is the ongoing trend observed, which is expected to support market growth shortly. Fast food restaurants and coffee chains are providing various convenient options. Companies are majorly adopting sachets for marketing and advertising campaigns as free distribution of product samples among consumers, to create product awareness. The pharmaceutical companies have adopted sachet package due to the single-dose offering for the right quantity of product, resulting in less product waste. The market players are engaged in developing more convenient solutions such as development of emitting sachets such as ozone emitting sachets and ethanol emitting sachets, which can be a potential opportunity for market players in the global market over the forecast period.
Currently, the market in North America dominates the global sachet packaging market in terms of revenue owing to large retail sector. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing applications such as cosmetics, personal care products, pharmaceuticals, food and beverages, and consumer goods which are expected to boost growth of the global sachet packaging market.
Global Sachet Packaging Market Segmentation:
Segmentation on the basis of size:
- 1 ml-10 ml
- 11 ml – 20 ml
- 21 ml – 30 ml
Segmentation on the basis of material:
- Aluminum foil
Segmentation on the basis of application:
- Food & Beverage
- Cosmetic & Personal Care
- Consumer Goods
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amcor Limited
- Bosch GmbH
- Bemis Company, Inc.
- Reynolds Group
- Huhtamaki Group
- Sonoco Products
- Sealed Air Corporation
- Mondi Group
- Clondalkin Group Holdings B.V.
- Coveris Holdings S.A.
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