The Asia Pacific sachet packaging market is expected to account for a valuation of US$ 3.7 billion in 2023. The market is estimated to further escalate at a CAGR of 8.0% between 2023 and 2033. In 2033, the market is likely to be valued at US$ 8.1 billion. Demand for sachet packaging in Asia Pacific is set to accelerate in the next ten years and the top 3 countries are anticipated to capture about 70.8% of the share in 2023.
Based on material, the polyethylene segment is expected to lead the Asia Pacific sachet packaging market. The segment is estimated to account for around 57.2% of the share by 2033. Asia Pacific market for sachet packaging is further estimated to witness a positive growth rate during the estimated time frame.
A new forecast by Future Market Insights predicts that sachet packaging sales are projected to create an absolute dollar opportunity of US$ 4.4 billion from 2023 to 2033. Rising consumption of packaged food has surged the demand for sachets packaging across the Asia Pacific.
Improper plastic waste management across the Asia Pacific is one of the crucial factors that can cause severe groundwater and soil pollution. Government bodies, including authorities in developing countries such as China and India, have taken numerous initiatives and implemented stringent rules & regulations for plastic waste management. Recycling plastic is considered to be the next technically feasible option to tackle issues resulting from the rapidly surging volume of plastic waste.
Burgeoning demand for mustard, mayonnaise, chutney, vinegar and tomato sauces in small-sized packaging formats would augment sachet packaging sales. This type of packaging would offer businesses the convenience of storage, savings in packaging, and an ideal option for branding.
Sachet packaging solutions need a minimum of packaging material, as well as take up less space for transportation and storage. There is less food wastage by consumers as portion sizes are carefully worked out. Sugar sachets, for instance, can be worked out to be one spoonful for beverages such as tea and coffee.
Attributes | Key Insights |
---|---|
Asia Pacific Sachet Packaging Market Estimated Size (2023E) | US$ 3.7 billion |
Projected Market Valuation (2033F) | US$ 8.1 billion |
Value-based CAGR (2023 to 2033) | 8.0% |
Collective Value Share: Top 3 Companies (2023A) | 40% to 50% |
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Asia Pacific sachet packaging market witnessed a CAGR of 8.0% during the historical period between 2014 and 2022, finds Future Market Insights. Due to the widespread production of plastic packaging materials throughout the Asia Pacific, these products have become an essential component of daily life. Approximately 70% of all plastic products are thought to quickly degrade into plastic garbage.
By creating and producing plastic sachets produced from recycled plastic, well-known package manufacturers such as Berry Global Group, Inc. are expanding their sustainable packaging product lines. Asia Pacific end-use sectors have started to favor recyclable and recycled plastic packaging materials, particularly in China, Japan, and India.
The main reason for this is that people are becoming immensely aware of the importance of managing plastic garbage properly. All of these elements are anticipated to present rewarding prospects for well-known packaging makers to design and produce rigid and flexible packaging solutions that are highly recyclable.
Emerging markets such as India and China, are projected to dominate the Asia-Pacific sachet packaging market. More than half of the population in Asia Pacific is young. The price-sensitive middle class is anticipated to hold a prominent share of the region’s overall population. The middle-class population is less likely to afford large family-sized packs, and hence sachets are considered to be the most suitable choice for them. In Asia Pacific, the personal care and pharmaceutical industries are projected to account for a significant share of the sachet packaging market.
In the pharmaceutical industry, sachets are extensively used for packaging unit-dosage of powders, powder/blends, granules, and micro-tablets for medical products, pharmaceutical products, and other food supplements. Although these two industries are expected to account for a significant share of the market, sachet penetration in the food industry is likely to skyrocket in Asia Pacific.
This can be attributed to the use of sachets in numerous daily-use food products such as sauces, sugar, and high-use tea. Shampoos, face pack gels, and hair oils are extensively used in India, China, and similar other countries in the Asia Pacific. The future growth outlook for sachets packaging in Asia Pacific is estimated to bolster at a fast pace during the forecast period.
Country | China |
---|---|
Market Share (2023) | 40.3% |
Market Share (2033) | 41.8% |
Basis Points (BPS) Analysis | +150 |
Country | India |
---|---|
Market Share (2023) | 24.9% |
Market Share (2033) | 25.1% |
Basis Points (BPS) Analysis | +20 |
Country | Japan |
---|---|
Market Share (2023) | 5.6% |
Market Share (2033) | 5.3% |
Basis Points (BPS) Analysis | -30 |
Country | South Korea |
---|---|
Market Share (2023) | 2.2% |
Market Share (2033) | 2.0% |
Basis Points (BPS) Analysis | -20 |
Country | Australia |
---|---|
Market Share (2023) | 1.1% |
Market Share (2033) | 0.9% |
Basis Points (BPS) Analysis | -20 |
Increasing Production of Polyethylene in India to Propel Sales of Plastic Sachet Packaging
India is estimated to hold around 24.9% of the Asia Pacific sachet packaging market share by 2023, predicts Future Market Insights. According to data provided by Invest India Facilitation Organization, in the next ten years, the Indian packaging industry will see substantial growth.
In India, the packaging is considered to be the fifth-largest sector with a CAGR of 22% to 25%. Currently, the country imports nearly 1.7 million tons per annum (MTPA) of polyethylene (PE). Polyethylene is a primary material used in the Indian packaging industry for the manufacturing of sachets. Overall, these factors are projected to bolster the sachets packaging industry in India.
Rising Pharmaceutical Drug Exports in Japan to Fuel Demand for Sachet Sample Packaging
The Japan sachet packaging market is projected to create an incremental opportunity of US$ 236.76 million during the forecast period. According to data provided by the International Trade Administration, Japan is set to be the third-largest pharmaceutical market in the world.
The production value of medical drugs in Japan amounted to nearly 9.2 trillion yen in 2021 and pharmaceutical drug exports amounted to approximately 512.5 billion yen. Increasing the production of pharmaceutical packaging in Japan will have a positive impact on the Asia Pacific sachet packaging market.
Liquid Sachet Packaging Made of Plastic to Gain Traction in Asia Pacific by 2033
Due to producers' high acceptance of plastic, it is a widely used form of material for sachet packing despite intolerance for its use. Polyethylene terephthalate is frequently used to create strength because it serves as a defense against outside dangers.
Since the layer is printable, it also plays a significant role in brand advertising and promotion, making it one of the manufacturers of sachets' top material choices. In comparison to other plastic materials, polyethylene is said to be the most popular choice for sachets due to its lightweight and high tensile strength. The target segment is expected to expand 2.2 times the current market value during the forecast period.
Sales of Biodegradable Sachet Packaging among Food Companies to Boom in Asia Pacific
The rapidly expanding food industry along with the development of a wide variety of food products would propel sales of sachet packaging in the Asia Pacific. The food segment is projected to account for 29.7% of the market value share in the forecast period.
The rising consumption of packaged food has surged the demand for sachet packaging. The Asia Pacific sachet packaging market is anticipated to expand 2.2 times the current value during the forecast period.
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Key competitors in the Asia Pacific sachet packaging market are attempting to concentrate on boosting their sales and revenues by increasing their capacity to meet rising demand. Leading players are also attempting to enhance their resources by implementing the merger and acquisition strategy. To fulfill the surging demand in Asia Pacific, a few other companies are developing new items. To meet the growing demand, these players are likewise concentrating on updating their facilities.
A few of the recent developments by leading players are as follows:
Attribute | Details |
---|---|
Estimated Market Size (2023) | US$ 3.7 billion |
Projected Market Valuation (2033) | US$ 8.1 billion |
Value-based CAGR (2023 to 2033) | 8.0% |
Historical Data | 2014 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Value (US$ billion) |
Segment Covered | Pack Size, Material, Application, Packaging Machinery, Countries |
Countries Covered | China, Japan, South Korea, India, Australia, Association of Southeast Asian Nations, Rest of Asia Pacific |
Key Companies Profiled | Amcor Plc; Huhtamäki Oyj; Sealed Air Corporation; Constantia Flexibles Group GmbH; UFlex Limited; Petals Packaging Company; Printpack Inc.; Paharpur 3P; Swiss Pac Pvt. Ltd.; Yaxon Biocare Pvt. Ltd; Packman Industries; Color Flex; Asian Flexi Pack India Pvt Ltd; Strava Healthcare; TOPPAN PRINTING CO., LTD.; Nichrome Packaging Solutions; Bliss GVS Pharma Ltd.; Handoo Package Co., LTD.; TCL Packaging |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Printing on sachets elevates the brand image of products.
China is likely to witness high growth in 2023.
Increasing demand for sugar, salt, and sauce sachets among fast food outlets.
The market exhibited an 8% CAGR from 2018 to 2022.
Rising pharmaceutical drug exports in Japan fuel demand.
1. Executive Summary 1.1. Market Overview 1.2. Market Analysis 1.3. FMI Analysis and Recommendations 1.4. Opportunity Analysis 2. Market Introduction 2.1. Market Definition 2.2. Market Taxonomy 3. Market Overview 3.1. Healthcare Packaging Outlook 3.2. Cosmetics 3.3. Food & Beverage Packaging Industry Outlook 3.4. Flexible Packaging Market Outlook 3.5. Packaging Industry Overview 3.6. Porter’s Five Forces Analysis 3.7. PESTLE Analysis for Key Countries 3.8. Value Chain Analysis 3.8.1. Profitability Margins 3.8.2. List of Active Participants 3.8.2.1. Raw Material Suppliers 3.8.2.2. Sachet Manufacturers 3.8.2.3. Distributors/Suppliers 3.8.2.4. End-users 3.9. Market Dynamics 3.9.1. Drivers 3.9.1.1. Supply Side 3.9.1.2. Demand Side 3.9.2. Restraints 3.9.3. Opportunities 3.9.4. Trends 3.10. Economic and Socio-cultural Factors as Determinants of Sachet Sales Success 3.11. Macro-Economic Factors and Correlation Analysis 3.12. Forecast Factors - Relevance and Impact 4. Market Analysis 4.1. Pricing Analysis 4.2. Market Value (US$ billion) and Volume (billion Units) Analysis & Forecast 4.3. Y-o-Y Growth Projections 4.4. Absolute $ Opportunity Analysis 5. Asia Pacific Market Analysis and Forecast, by Pack Size 5.1. Section Summary 5.2. Introduction 5.2.1. Market share and Basis Points (BPS) Analysis, by Pack Size 5.2.2. Y-o-Y Growth Projections, by Pack Size 5.3. Historical Market Value (US$ billion) and Volume (billion Units) Analysis 2018 to 2022, by Pack Size 5.3.1. 1 ml to 10 ml 5.3.2. 11 ml to 20 ml 5.3.3. 21 ml to 30 ml 5.3.4. 30 ml and Above 5.4. Market Value (US$ billion) and Volume (billion Units) Forecast 2023 to 2033, by Pack Size 5.4.1. 1 ml to 10 ml 5.4.2. 11 ml to 20 ml 5.4.3. 21 ml to 30 ml 5.4.4. 30 ml and Above 5.5. Market Attractiveness Analysis, by Pack Size 6. Asia Pacific Market Analysis and Forecast, by Material 6.1. Section Summary 6.2. Introduction 6.2.1. Market share and Basis Points (BPS) Analysis, by Material 6.2.2. Y-o-Y Growth Projections, by Material 6.3. Historical Market Value (US$ billion) and Volume (billion Units) Analysis 2018 to 2022, by Material 6.3.1. Plastic 6.3.2. Paper 6.3.3. Aluminum Foil 6.4. Market Value (US$ billion) and Volume (billion Units) Forecast 2023 to 2033, by Material 6.4.1. Plastic 6.4.2. Paper 6.4.3. Aluminum Foil 7. Asia Pacific Market Analysis and Forecast, by Packaging Machinery 7.1. Section Summary 7.2. Introduction 7.2.1. Market share and Basis Points (BPS) Analysis, by Packaging Machinery 7.2.2. Y-o-Y Growth Projections, by Packaging Machinery 7.3. Historical Market Value (US$ billion) and Volume (billion Units) Analysis 2018 to 2022, by Packaging Machinery 7.3.1. Vertical Form-Fill-Seal (VFFS) 7.3.2. Horizontal Form-Fill-Seal (HFFS) 7.4. Market Value (US$ billion) and Volume (billion Units) Forecast 2023 to 2033, by Packaging Machinery 7.4.1. Vertical Form-Fill-Seal (VFFS) 7.4.2. Horizontal Form-Fill-Seal (HFFS) 7.5. Market Attractiveness Analysis, by Packaging Machinery 8. Asia Pacific Market Analysis and Forecast, by Application 8.1. Section Summary 8.2. Introduction 8.2.1. Market share and Basis Points (BPS) Analysis, by Application 8.2.2. Y-o-Y Growth Projections, by Application 8.3. Historical Market Value (US$ billion) and Volume (billion Units) Analysis 2018 to 2022, by Application 8.3.1. Food 8.3.2. Personal Care and Cosmetics 8.3.3. Pharmaceuticals 8.3.4. Industrial 8.4. Market Value (US$ billion) and Volume (billion Units) Forecast 2023 to 2033, by Application 8.4.1. Food 8.4.2. Personal Care and Cosmetics 8.4.3. Pharmaceuticals 8.4.4. Industrial 8.5. Market Attractiveness Analysis, by Applications 9. Asia Pacific Market Analysis and Forecast, by Country 9.1. Section Summary 9.2. Introduction 9.2.1. Market share and Basis Points (BPS) Analysis, by Country 9.2.2. Y-o-Y Growth Projections, by Country 9.3. Historical Market Value (US$ billion) and Volume (billion Units) Analysis 2018 to 2022, by Country 9.3.1. China 9.3.2. India 9.3.3. Japan 9.3.4. South Korea 9.3.5. Australia 9.4. Market Value (US$ billion) and Volume (billion Units) Forecast 2023 to 2033, by Country 9.4.1. China 9.4.2. India 9.4.3. Japan 9.4.4. South Korea 9.4.5. Australia 9.5. Market Attractiveness Analysis, by Country 10. Competitive Landscape 10.1. Company Market Share Analysis 10.2. Competition Dashboard 10.3. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments, SWOT analysis) 10.4. Competition Deep Dive 10.4.1. Amcor Plc 10.4.1.1. Overview 10.4.1.2. Product Portfolio 10.4.1.3. Profitability by Market Segments 10.4.1.4. Sales Footprint 10.4.1.5. Strategy Overview 10.4.1.5.1. Marketing Strategy 10.4.1.5.2. Product Strategy 10.4.1.5.3. Channel Strategy 10.4.2. Huhtamäki Oyj 10.4.2.1. Overview 10.4.2.2. Product Portfolio 10.4.2.3. Profitability by Market Segments 10.4.2.4. Sales Footprint 10.4.2.5. Strategy Overview 10.4.2.5.1. Marketing Strategy 10.4.2.5.2. Product Strategy 10.4.2.5.3. Channel Strategy 10.4.3. Sealed Air Corporation 10.4.3.1. Overview 10.4.3.2. Product Portfolio 10.4.3.3. Profitability by Market Segments 10.4.3.4. Sales Footprint 10.4.3.5. Strategy Overview 10.4.3.5.1. Marketing Strategy 10.4.3.5.2. Product Strategy 10.4.3.5.3. Channel Strategy 10.4.4. Constantia Flexibles Group GmbH 10.4.4.1. Overview 10.4.4.2. Product Portfolio 10.4.4.3. Profitability by Market Segments 10.4.4.4. Sales Footprint 10.4.4.5. Strategy Overview 10.4.4.5.1. Marketing Strategy 10.4.4.5.2. Product Strategy 10.4.4.5.3. Channel Strategy 10.4.5. UFlex Limited 10.4.5.1. Overview 10.4.5.2. Product Portfolio 10.4.5.3. Profitability by Market Segments 10.4.5.4. Sales Footprint 10.4.5.5. Strategy Overview 10.4.5.5.1. Marketing Strategy 10.4.5.5.2. Product Strategy 10.4.5.5.3. Channel Strategy 10.4.6. Petals Packaging Company 10.4.6.1. Overview 10.4.6.2. Product Portfolio 10.4.6.3. Profitability by Market Segments 10.4.6.4. Sales Footprint 10.4.6.5. Strategy Overview 10.4.6.5.1. Marketing Strategy 10.4.6.5.2. Product Strategy 10.4.6.5.3. Channel Strategy 10.4.7. Printpack Inc 10.4.7.1. Overview 10.4.7.2. Product Portfolio 10.4.7.3. Profitability by Market Segments 10.4.7.4. Sales Footprint 10.4.7.5. Strategy Overview 10.4.7.5.1. Marketing Strategy 10.4.7.5.2. Product Strategy 10.4.7.5.3. Channel Strategy 10.4.8. Paharpur 3P 10.4.8.1. Overview 10.4.8.2. Product Portfolio 10.4.8.3. Profitability by Market Segments 10.4.8.4. Sales Footprint 10.4.8.5. Strategy Overview 10.4.8.5.1. Marketing Strategy 10.4.8.5.2. Product Strategy 10.4.8.5.3. Channel Strategy 10.4.9. Swiss Pac Pvt. Ltd. 10.4.9.1. Overview 10.4.9.2. Product Portfolio 10.4.9.3. Profitability by Market Segments 10.4.9.4. Sales Footprint 10.4.9.5. Strategy Overview 10.4.9.5.1. Marketing Strategy 10.4.9.5.2. Product Strategy 10.4.9.5.3. Channel Strategy 10.4.10. Yaxon Biocare Pvt. Ltd 10.4.10.1. Overview 10.4.10.2. Product Portfolio 10.4.10.3. Profitability by Market Segments 10.4.10.4. Sales Footprint 10.4.10.5. Strategy Overview 10.4.10.5.1. Marketing Strategy 10.4.10.5.2. Product Strategy 10.4.10.5.3. Channel Strategy 10.4.11. Packman Industries 10.4.11.1. Overview 10.4.11.2. Product Portfolio 10.4.11.3. Profitability by Market Segments 10.4.11.4. Sales Footprint 10.4.11.5. Strategy Overview 10.4.11.5.1. Marketing Strategy 10.4.11.5.2. Product Strategy 10.4.11.5.3. Channel Strategy 10.4.12. Color Flex 10.4.12.1. Overview 10.4.12.2. Product Portfolio 10.4.12.3. Profitability by Market Segments 10.4.12.4. Sales Footprint 10.4.12.5. Strategy Overview 10.4.12.5.1. Marketing Strategy 10.4.12.5.2. Product Strategy 10.4.12.5.3. Channel Strategy 10.4.13. Asian Flexi Pack India Pvt Ltd, 10.4.13.1. Overview 10.4.13.2. Product Portfolio 10.4.13.3. Profitability by Market Segments 10.4.13.4. Sales Footprint 10.4.13.5. Strategy Overview 10.4.13.5.1. Marketing Strategy 10.4.13.5.2. Product Strategy 10.4.13.5.3. Channel Strategy 10.4.14. Strava Healthcare 10.4.14.1. Overview 10.4.14.2. Product Portfolio 10.4.14.3. Profitability by Market Segments 10.4.14.4. Sales Footprint 10.4.14.5. Strategy Overview 10.4.14.5.1. Marketing Strategy 10.4.14.5.2. Product Strategy 10.4.14.5.3. Channel Strategy 10.4.15. TOPPAN PRINTING CO., LTD. 10.4.15.1. Overview 10.4.15.2. Product Portfolio 10.4.15.3. Profitability by Market Segments 10.4.15.4. Sales Footprint 10.4.15.5. Strategy Overview 10.4.15.5.1. Marketing Strategy 10.4.15.5.2. Product Strategy 10.4.15.5.3. Channel Strategy 10.4.16. Nichrome Packaging Solutions 10.4.16.1. Overview 10.4.16.2. Product Portfolio 10.4.16.3. Profitability by Market Segments 10.4.16.4. Sales Footprint 10.4.16.5. Strategy Overview 10.4.16.5.1. Marketing Strategy 10.4.16.5.2. Product Strategy 10.4.16.5.3. Channel Strategy 10.4.17. Bliss GVS Pharma Ltd. 10.4.17.1. Overview 10.4.17.2. Product Portfolio 10.4.17.3. Profitability by Market Segments 10.4.17.4. Sales Footprint 10.4.17.5. Strategy Overview 10.4.17.5.1. Marketing Strategy 10.4.17.5.2. Product Strategy 10.4.17.5.3. Channel Strategy 10.4.18. Handoo Package Co., LTD. 10.4.18.1. Overview 10.4.18.2. Product Portfolio 10.4.18.3. Profitability by Market Segments 10.4.18.4. Sales Footprint 10.4.18.5. Strategy Overview 10.4.18.5.1. Marketing Strategy 10.4.18.5.2. Product Strategy 10.4.18.5.3. Channel Strategy 10.4.19. TCL Packaging 10.4.19.1. Overview 10.4.19.2. Product Portfolio 10.4.19.3. Profitability by Market Segments 10.4.19.4. Sales Footprint 10.4.19.5. Strategy Overview 10.4.19.5.1. Marketing Strategy 10.4.19.5.2. Product Strategy 10.4.19.5.3. Channel Strategy 11. Assumptions & Acronyms Used 12. Research Methodology
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