Sachet Packaging Market Expected to Reach $15.5 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Sachet Packaging Market," The sachet packaging market size was valued at $9.0 billion in 2021, and is estimated to reach $15.5 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. 

Sachet packaging refers to a line of pipes, or channel or method to carry something from one place to another. Pipelines are needed to transport raw materials from the areas of production, which are sometimes very remote, to the refineries and chemical plants. it moves the finished products to gasoline terminals, natural gas power plants and other end users.

There is a rapidly growing need for the safe and cost-effective transportation of hazardous chemicals and petroleum products; raise public awareness of the environmental impact of  pipeline  and their support in reducing GHG emissions;  depletion of freshwater resources and  government investment in wastewater treatment plants to treat wastewater reuse and reduce water pollution; importance to data management,  information and communication technology development, and security management to protect  pipeline transportation against sabotage and military raids  in wartime. Population growth has a positive effect on the growing demand for various daily products such as water, milk and petroleum products such as kerosene, diesel and gasoline which are expected to generate potential opportunities for the sachet packaging market during the forecast period.

Several manufacturers in the global market stopped their business activities in 2020 due to lockdowns implemented in developed and developing countries, owing to ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the sachet packaging manufacturing companies. In addition, lack of man power and raw materials affected the supply chain of the global market. However, the sachet packaging market is projected to cover from the 1st quarter of 2023, due to the reduced restrictions and reopening of the global sachet packaging industry. Moreover, in 2021, with the availability of vaccine against COVID-19, is expected to gradually witness sachet packaging market growth.

Major players are adopting product launch and acquisition as key developmental strategies to improve the product portfolio of sachet packaging market. For instance, in June 2021, Constantia flexibles acquired Propak is a leading player in the European snacks market. This acquisition aims in improving the packaging solutions portfolio of the company. Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand competitive outlook of the sachet packaging market opportunity.

The global sachet packaging market is segmented based on material type, size, application, and region. On the basis of material type, the market is segmented into plastic and non-plastic. In 2021, the plastic segment accounted for the largest share of 92.47% of the overall market.  On the basis of size, the market is categorized into 1ml-20ml, 21ml-30ml, and above 30ml. The 21ml-30ml segment held the largest market share of 50.41% of the sachet packaging market in 2021. Based on application, the market is segmented into cosmetic and personal care, food and beverage, pharmaceuticals, and others. The cosmetic and personal care segment held the largest market share of 50.2% in 2021. On the basis of region, the sachet packaging market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region will dominate the market in 2021.

 Key Findings Of Study

• The report provides an extensive analysis of the current and emerging global sachet packaging market trends and dynamics. 
• By material type, the plastic segment dominated the market in terms of revenue in 2021.
• By size, the 21ml-30ml segment registered the highest growth in terms of revenue in the global sachet packaging market in 2021.
• By application, the food and beverage segment is projected to register the highest growth rate in the coming years.
• The report provides an extensive analysis of the trends and emerging opportunities of the market. 
• In depth, the global sachet packaging market analysis is conducted by constructing estimations for the key segments between 2021 and 2031.
• The global sachet packaging market forecast analysis from 2022 to 2031 is included in the report.