The global Sachet Packaging Market is expected to attain a valuation of USD 9,814.3 million in 2023. From 2023 to 2033, this demand is further projected to reach USD 17,381.9 million, registering a CAGR of 5.9%.
Increasing demand for lightweight and compact packaging in various sectors, such as food & beverages and pharmaceuticals is expected to drive growth in sachet packaging market.
A rise in demand for ready-to-eat meals, packaged food, or instant drinks due to changing lifestyles of consumers is further anticipated to foster growth in the market.
An increasing number of retail industries and investments by the key players for the development of eco-friendly & recyclable packaging material is expected to generate new growth opportunities for the market.
The demand outlook is further anticipated to be shaped by rising industrialization and growing demand for single-serve packaging. The use of sachet packaging by various end-user verticals like food & beverages industry is estimated to positively influence market growth.
Burgeoning demand for portable and convenient packaging solutions is further expected to induce growth in the market. There is a massive demand for sachet packaging solutions in food & beverages industries due to rapid expansion of this industry. This is expected to propel product demand in the coming years.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 9,814.3 million |
| Anticipated Forecast Value (2033) | USD 17,381.9 million |
| Projected Growth Rate (2023 to 2033) | CAGR of 5.9% |
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The market for sachet packaging was worth USD 7,796.1 million in 2018. It accumulated a market value of USD 9,372.7 million in 2022 while growing at a CAGR of 4.7% during the historical period.
Increasing use of sachet packaging products by manufacturers of items such as lubricants, hair oil, sauces, cream, coffee, detergents, shampoos, and mouth fresheners is expected to keep the product demand stable in the forthcoming period.
There is a high demand for lightweight and compact packaging in numerous industries such as personal care, pharmaceuticals, home care, and food & beverages.
Also, demand for sachet packaging is rising in sync with the demand for packed & ready-to-eat products due to consumers’ hectic lifestyles. This is expected to positively affect market growth in the forecast period.
The application of sachet packaging by companies for promotional and advertising campaigns and increasing personal disposable income are some other growth-driving factors. Rising focus of the manufacturers on sachet packaging due to its cost-effectiveness nature is further anticipated to bolster product demand in the forecast period.
Free samples are delivered to consumers by companies using sachet packaging. This helps the companies in extending brand awareness to the consumers. Also, the market is projected to flourish due to rising urban population.
A shift in trend from conventional to advanced packaging techniques and an increasing number of retail industries are expected to fuel growth in the market. The demand for sachet packaging is expected to rise due to the growing demand for easy and portable packaging solutions.
The revenue growth of the sachet packaging market is projected to be worth USD 17,381.9 million by the end of the forecast period while exhibiting a CAGR of 5.9%.
Shifting Consumer Preference Towards Convenience to Drive Market Growth
The demand for quick and convenient packaging such as sachet packaging is expected to fuel its sales in the coming years. The end user's desire for a wide range of innovative packaging alternatives is expected to have a favorable impact on sales of sachet packaging solutions.
Increasing discretionary money among middle class and poor is estimated to boost sales of sachet packaging. The consumer’s need for efficiency, convenience, and safety packing, are also anticipated fuel product demand.
Because it produces less waste, sachet packing is proving to be far more cost-effective in both packaging and delivery. Due to thriving growth in the fast-moving consumer goods (FMCG) and allied sectors, sachet packaging has a bright future.
Since the outbreak of the pandemic, demand for hand sanitizers has upsurged to enforce hygiene measures. The bulk of these sanitizers are packaged in sachets and packages, which is expected to boost product sales in the post-pandemic period as well.
Additionally, the simplicity with which different commodities may be transported across virtual platforms is presenting potential opportunities for market expansion.
Due to changing consumer wants and tastes, companies are on the lookout for a more convenient option in terms of price and quality. There is a strong emphasis on functionality of packed products like instant drinks, medications, and food among others.
Small packaging product sizes, like sachets, are being developed to meet this demand. Unlike oval or round cross shapes, sachets feature a flat shape with three or four sides of sealing. This is expected to drive market growth by offering more convenience to consumers as well as to manufacturers.
Shifting consumer preferences for pack-type adjustments is further anticipated to fuel product sales. Customers today are concerned with convenience and the ability to carry and consume food while traveling. Moreover, rising number of single-family households has reduced the need for bulk packaging. This is expected to foster growth in the market.
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Availability of Alternatives to Restrain Market Expansion
The availability of alternatives like stick packaging, strict government regulations on plastic use, and volatile raw material prices are expected to restrain market growth.
North America driving growth with a significant market share
North America accounted for 30.7% of revenue share in 2022, in the sachet packaging market. The region is estimated to accumulate a 31.2% market share by the end of 2023. The market in this region is projected to grow with a CAGR of 5.7% during the forecast period.
Increasing adoption of sachet packaging in the food & beverage industry, especially for fast food and takeaways is expected to fuel growth in the region. The United States alone accounted for a global revenue share of 27.9% in 2022. Among the economies that spent heavily spend on eating out, the United States was the highest spender with over 60% of the regional market share in 2022.
The trend is most likely to continue in the forecast period as well. Juices, Ketchup, and pickles come in sachets in most of the fast-food joints and restaurants where food products witness substantial expenditure.
This is anticipated to propel market growth during the forecast period. In addition, due to changing lifestyles and presence of vending machines in work and public places in the United States, the demand for sachet packaging solutions is expected to rise.
China Driving Growth with Significant CAGR
China is expected to grow with a CAGR of 9.9% in sachet packaging market during the forecast period. The growth is attributed to rising industrialization, globalization, urbanization, and expansion of packaging industry.
Growing applications of sachet packaging by various end-use industries are further anticipated to drive growth wheels in the region.
Inflating disposable income of consumers and rising need for convenient packaging in traveling are further driving the demand for sachet packaging in the country.
There is a huge consumer base in this region as a result of increased investments by companies operating in the manufacturing and distribution of global sachet packaging. As sachets are cheaper than bottles in China, more people are extensively using single-use sachets.
A sizeable market share is expected due to low cost of these sachets. This is attributed to the presence of a middle-income class and price-sensitive population in the region.
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Plastic to Dominate the Market with a Sizable Share
Plastic accounted for 64.1% of revenue share in 2022, in the sachet packaging market. The segment is expected to grow with a CAGR of 5.5% during the forecast period.
Plastic is a common material for sachet packaging due to its wide acceptance among manufacturers. Polyethylene terephthalate (PET) is often used as a barrier to provide strength.
A broad range of qualities offered by polyethylene such as flexibility, hardness and strength, and lightweight properties are helping in growth of the segment. Furthermore, increasing demand for sachet pouches in single-use items, and travel & trial packs are expected to fuel this segment forward.
Polyethylene is also widely accepted because of its printable properties. It serves a significant role in brand promotion and marketing, making it the most accepted material choice for sachet packaging manufacturers.
Also, polyethylene is anticipated to be a frequently used material for sachets due to its muscular tensile strength compared to other plastic alternatives.
Personal Care & Cosmetics to Lead the Market with a Significant Market Share
The personal care and cosmetic segment accounted for 40.3% of revenue share in 2022. The segment is expected to grow with a CAGR of 5.9% during the forecast period. Several cosmetics & personal care product manufacturers offer trial packs as a promotional strategy to boost market penetration of their products.
The segment is expected to witness substantial growth due to increasing manufacturing of baby-specific products. Also, skincare and deodorants are expecting a rise in demand, which is estimated to fuel growth in the segment.
The customization facility provided by sachet packaging in personal care and cosmetic products is further expected to boost segment growth. Companies are offering numerous products in sachet packaging to cater to different hair types, skin types, and preferences.
Start-ups help in predicting future growth opportunities in any market. New entities have the potential to generate high returns which directly benefits the expansion of any industry.
These start-ups are generally more productive at transforming inputs into outputs with more flexibility and adaptability, ability to adopt volatile market conditions. Some of the start-ups that will propel the expansion of sachet packaging market are:
The sachet packaging market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing sachet packaging solutions.
The key industry players are: Glenroy Inc., Amcor Plc, Constantia Flexibles Group GmbH, Huhtamaki Oyj, ProAmpac LLC, AE Adams (Henfield) Ltd, Paharpur 3P, RCP Ranstadt GmbH, Sharp Packaging Services, Sealed Air Corporation.
Some recent developments in the market are:
Key industry players are leveraging on organic growth strategies like acquisition, mergers, partnerships, and collaboration in order to enhance their product portfolio. This is expected to fuel the global sachet packaging market.
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 9,814.3 million |
| Market Value in 2033 | USD 17,381.9 million |
| Growth Rate | CAGR of 5.9% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material Type, Pack Size, Packaging Machinery, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Glenroy Inc.; Amcor Plc; Constantia Flexibles Group GmbH; Huhtamaki Oyj; ProAmpac LLC; AE Adams (Henfield) Ltd; Paharpur 3P; RCP Ranstadt GmbH; Sharp Packaging Services; Sealed Air Corporation |
| Customization & Pricing | Available Upon Request |
The market is valued at USD 9,814.3 million in 2023.
In the historical period 2018 to 2022, the market grew at a CAGR of 4.7%.
The market is estimated to secure a valuation of USD 17,381.9 million in 2033.
Through 2033, the market is projected to continue to expand at a CAGR of 5.9%.
The North America market is expected to strengthen at a 5.7% CAGR.
China may experience market growth of 9.9% CAGR.
The plastic segment is predicted to evolve at a 5.5% CAGR.
1. Executive Summary | Sachet Packaging Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Plastic 5.2. Paper 5.3. Aluminium Foil 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Pack Size 6.1. 1 ml - 10 ml 6.2. 11 ml - 20 ml 6.3. 21 ml - 30 ml 6.4. Above 30 ml 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Machinery 7.1. Vertical Form-fill-seal Machines 7.2. Horizontal Form-fill-seal Machines 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Food 8.2. Personal Care & Cosmetics 8.3. Pharmaceuticals 8.4. Sealants & Adhesives 8.5. Lubricants & Solvents 8.6. Other Applications 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Glenroy Inc. 17.2. Amcor Plc 17.3. Constantia Flexibles Group GmbH 17.4. Huhtamaki Oyj 17.5. ProAmpac LLC 17.6. AE Adams (Henfield) Ltd. 17.7. Paharpur 3P 17.8. RCP Ranstadt GmbH 17.9. Sharp Packaging Services 17.10. Sealed Air Corporation 18. Assumptions & Acronyms Used 19. Research Methodology
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Sachet Packaging Market
