Global Sachet Packaging Market: Overview
Sachets are sealed, small, handy, and portable packaging solutions that offer convenient management of the product. In contrast to the bulk packaging material that has a greater effect on packaging costs and storage space, sachet packets take up very little space and are less expensive to transport. Sachets can be available in flat shape with the provision of sided sealing. Sachet packaging can be used for numerous applications such as sauces, coffee, cream, detergents, hair oil, lubricants, mouth fresheners, and shampoos. The low cost of sachet helps to gain the demand from the middle-class population. Sachet packaging products have been gaining grip owing to their customizable, eco-friendly, and compact features.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Sachet Packaging Market: Growth Factors
The global sachet packaging market is growing at a lucrative rate. Factors that are fueling the growth of the global market include rapid industrialization and increasing demand for single-serve packaging from end-users such as pharmaceuticals, food & beverages, and consumer goods. The increasing need for portable & convenient packaging and handy packaging is expected to enhance the demand of the sachet packaging market. In addition to this, increasing demand for ready food among the millennial population is likely to propel the market growth. The growing middle-class population, changing lifestyle and busy schedules of working professionals positively impact the sachet packaging market. All these factors are spurring the growth of the global sachet packaging market. Moreover, the rapid growth of the sachet packaging market can be accredited to cost-effective packaging solutions in pharmaceuticals, food & beverage, cosmetic, and personal care products. However, cost-effective alternatives available in the market such as flexible packaging and stick packaging provided by local vendors may hamper demand for sachet packaging and are expected to restrain the market growth. Furthermore, the leading players operating in the market are focusing on offering advanced packaging solutions such as packaging automation which in turn is likely to generate lucrative opportunities for the sachet packaging market in the forecast period.
The current concern over the spread of novel COVID-19 is expected to show a significant impact on the global sachet packaging market. Due to the sudden outbreak of COVID-19, manufacturing industries have been affected miserably. This is attributed to impose stringent rules by the government on the production, distribution cycle and limitations on transportation. However, sachet packaging is widely used in pharmaceuticals and the food & beverage industry which in turn sustain the demand of the market during a pandemic. The sustainable growth of sachet packaging can also affect the key players owing to supply chain disruption, raw material unavailability, and travel restrictions. Further, the unavailability of laborers is making leading players switch towards the adoption of automated packaging to meet the required demand from the healthcare industry during a pandemic.
Global Sachet Packaging Market: Segmentation
The global sachet packaging market is divided based on material type, application, and region. Based on type, the global sachet packaging market is split into plastic, paper, cellulosic, and aluminum foil. The application segment is bifurcated into food & beverage, cosmetic & personal care, pharmaceuticals, industrial & consumer goods, and others. Among these, cosmetic & personal care industry is expected to offer lucrative opportunities for the growth of the market.
Global Sachet Packaging Market: Regional Analysis
Asia Pacific region is projected to hold the largest share in the global sachet packaging market and is expected to continue its dominance during the forecast period. Factors such as the increasing disposable income of consumers and the growing need for convenient packaging in traveling drives the demand for the sachet packaging market. There is a large consumer base in this region as a result of growing investments by companies involved in the manufacturing and distribution of global sachet packaging. As sachets are cheaper than bottles in countries like China and India, more people are experimenting with single-use sachets. A large market share is attributed to the low cost of sachets. This is attributed to the presence of a price-sensitive population. Furthermore, North American region is anticipated to witness a large demand for the sachet packaging market during the forecast period.
Global Sachet Packaging Market: Competitive Players
The global sachet packaging market is highly fragmented owing to the presence of several domestic players. Amcor Limited, Bemis Company, Inc., Sonoco Products Company, Ampac Holding, Constantia Flexible Group GmbH, Coveris Management GmbH, EPOCA Products S.A., RCP Ranstadt GmbH, Huhtamaki Group., and Glenroy, Inc. are some of the prominent players that are operational in the global sachet packaging market. Due to increased applications in the market, key players have also begun participating in marketing campaigns and promotions. Companies are investing in new product launches and product innovation that can gain an advantage in the market by facilitating organic strategies.
Global Sachet Packaging Market: Regional Segment Analysis
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Factors that are fueling the growth of the global market include rapid industrialization and increasing demand for single serve packaging from end users such as pharmaceuticals, food and beverages, and consumer goods. Furthermore, the leading players operating in the market are focusing on offering advanced packaging solution such as packaging automation is likely to generate lucrative opportunity for sachet packaging market in the forecast period.
Amcor Limited, Bemis Company, Inc., Sonoco Products Company, Ampac Holiding, Constantia Flexible Group GmbH, Coveris Management GmbH, EPOCA Products S.A., RCP Ranstadt GmbH, Huhtamaki Group. and Glenroy, Inc. are some of the prominent players that are operational in the global Sachet packaging market.
Asia Pacific region is projected to hold the largest share in the global Sachet packaging market and expected to continue its dominance during the forecast period. Factors such as increasing disposable income of consumers and growing need for convenient packaging in travelling drives the demand for sachet packaging market.