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Sachet Packaging Market

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

A12802
Pages: 244
May 2022 | 2357 Views
Author(s) : Amar Chinchane , Onkar Sumant
Tables: 137
Charts: 46
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COVID-19

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Sachet Packaging Market Research, 2031

The global sachet packaging market size was valued at $9.0 billion in 2021, and is projected to reach $15.5 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. 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. These are a part of compact packaging and are sealed from all sides, and contain products in the form of liquid, powder, or capsules, such as tea, coffee, detergents, shampoo, mouth fresheners, ketchup, spices, cream, lubricant, oil, sugar, and sauces. Sachet packaging is extensively used in sectors such as cosmetic & personal care, food & beverage, and pharmaceuticals and others.

The COVID 19 outbreak has affected the growth of the sachet packaging industry owing to the lockdown measure in the countries and delay in manufacturing and production of sachet packaging which are utilized in wide range of industries for packaging.

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Sachet packets are cheaper than large size packets and take up less storage space thereby reducing the transportation cost. Sachet packaging vendors’ main focus group is a low-income group like poor or lower-middle-class people who are price-sensitive and would always prefer a cheaper form of the product.     

There is an increase in the demand for compact and lightweight packaging in various sectors, such as food & beverages and pharmaceuticals. Also, there is a surge in demand for ready-to-eat meals, packaged food, or instant drinks due to changes in lifestyle of consumers as they have very little time to prepare their food. These factors have thus boosted the demand for sachet packaging. Sachets are used for promotional, marketing, or advertising purpose, to be distributed as a sample to consumers, to make them aware of the product. Moreover, a rise in the number of retail industries, and investments by the key players for the development of eco-friendly & recyclable packaging material can lead to upliftment in the market. The availability of alternatives such as flexible packaging, and stick packaging, strict government rules regarding usage of non-plastics, and fluctuation in the price of raw material limit the sachet packaging market growth.

Sachet Packaging Market
By Material Type

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The plastic is the largest segment in sachet packaging market, exhibiting highest CAGR of 5.4% during the forecast period.

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The 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. The plastic segment dominated the global market, and non-plastic is expected to grow throughout the coming years, owing to increase in demand for recyclable and sustainable sachets from foods & beverages and pharmaceuticals sectors. 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 grow throughout the forecast period.

Sachet Packaging Market
By Application

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The foods & beverages segment will grow with highest CAGR. It is anticipated to exhibit the highest CAGR of 6.8% during the forecast period.

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The application segment is fragmented into cosmetic & personal care, foods & beverages, pharmaceuticals, and others. In 2021, the cosmetic & personal care segment accounted for the highest market share, followed by foods & beverages.

Sachet Packaging Market
By Region

2031
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific accounted for the highest market share in 2021, and growing with a CAGR of 7.8% throughout the forecast period.

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By region, the sachet packaging market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share in 2021, and is expected to witness significant growth rate in the coming years.

COVID-19 pandemic has shut down the production of sachet packaging attributed to the lockdown in countries worldwide this has hampered the growth of sachet packaging from the last few months and is likely to grow in 2021. COVID -19 has already affected the sales of sachet packaging in the second and third quarter of 2020 and is anticipated to grow in year 2021.The major demand for sachet packaging was previously noticed from countries including the US Germany Italy UK and China which are negatively affected by the spread of the coronavirus thereby declining the demand for sachet packaging. Further potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves sachet packaging manufacturers can afford a full lockdown only for a few months after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID -19 health crisis. Sachet packaging manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID -19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.

Competition Analysis

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, Syntegon Technology GmbH.

Major players such as Amcor PLC, ProAmpac Holdings LLC, Constantia Flexibles, and others are adopting product launch strategy to improve their product portfolio to maintain the competitiveness in the market. For instance, in May 2021, Amcor launches the new sachet and it designed to be recycled in accordance with the industry standards. The new sachet has a high barrier feature to protect against humidity and it will be available to consumers in its 25g sachet format in Colombia. Such instances will provide lucrative opportunities for the major players for the growth of the market.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.

 

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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Asia-Pacific is expected to dominate the sachet packaging market. Surge in demand for ready-to-eat meals, packaged food, or instant drinks attributed to changes in lifestyle of consumers as they have very little time to prepare their food propel demand for sachet packaging. Sachets are used for promotional, marketing, or advertising purposes to be distributed as a sample to consumers and to make them aware about the products. Moreover, rise in number of retail industries and investments by key players for development of eco-friendly & recyclable packaging material lead to upliftment in the sachet packaging market. This is expected to propel growth of the market during the forecast period.

Players operating in the market have adopted acquisition, partnership, business expansion, and product launch as their key growth strategies to gain a stronger foothold. For instance, in April 2021, Constantia flexibles open new fully automated production site of Constantia Copenhagen that covers a total area of 6,000m where sachet packaging can integrate more processes and products to expand its business. It aims in improve the presence and competitiveness in the sachet packaging market.

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FREQUENTLY ASKED QUESTIONS?

A. The global Sachet Packaging Market was valued at $9,028.2 million in 2021.

A. The global Sachet Packaging Market is projected to reach $15,493.9 million by 2031

A. Asia-Pacific is the largest regional market for Sachet Packaging

A. Amcor Plc., ProAmpac Holdings LLC., Constantia Flexible, Huhtamaki Group, Sonoco Products Company, Mondi Group, Sealed Air, Coveris, Clondalkin Group, Syntegon Technology GmbH.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

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