Sachet Packaging Market Increasing Demand for Compact and Cost-effective Packaging Solutions

The sachet packaging market is predicted to reach a worth of 8.7 Bn in 2022, according to research by Future Market Insights (FMI). The sachet packaging market is expected to increase at a year-over-year (YoY) rate of 5.4 percent in 2021 as a result of rising consumer demand for compact and practical packaging options.

By the end of 2022, the market is anticipated to reach a volume of about 999 billion units. Between 2021 and 2031, the sachet packaging industry is expected to develop at a strong 5.8 percent compound annual growth rate (CAGR).
North America and Asia Pacific will become important markets. By the end of 2031, they are anticipated to provide more than 60% of total revenue. This can be related to the rise in sachet packing demand worldwide.

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"Launching small-sized, one-time use product sachets has helped brands survive the retail revolution over the recent years. With technology innovations in packaging machinery are making a strong attempt to overcome the longstanding drawbacks facing the packaging industry, such as poor productivity, the FMI study finds that sachet packaging is rapidly emerging as a way to increase profit margins, as it requires lesser volumes to be filled in packages".

Opportunities in Pharmaceutical Packaging Hinting Positive Prospects

The sachet packaging market is likely to expand at a CAGR of ~5.8% over the course of next eight years. First-time buyers have been the primary target for manufacturers selling products in small-sized sachets, according to the report. Furthermore, as modern consumers continue to develop interest in functional packaging, several brands are incorporating sachet packaging into their product marketing strategies, emphasizing increased number of trials and promotions.

Opportunities abound for sachet packaging market players in low-income countries, as retailers in these nations are adopting the small packaging trend over bulk packaging, target untapped consumer population. A growing focus of companies on increasing accessibility and affordability of products to ultimately penetrate new markets, has been significantly favoring the demand for sachet packaging.

Growth prospects of the sachet packaging market, as the report opines, are high in developing countries of Asia Pacific, accounting for one-third share of the total revenues. The growing importance of single-serve packaging among consumers for a multitude of products, especially cosmetics, personal care, and FMCG, has enabled market players to firm up within the region. Lighter, portable, and cost-effective nature of sachets continue to make sachet packaging an attractive proposition for the low-income consumers as well as young and active millennials.

According to the study, single-unit-use of sachets for pharmaceutical products is emerging as an effective way to overcome challenges posed by shorter shelf life or inaccurate doses. With increased healthcare expenditure and growing need for effective packaging which are child-resistant and senior-friendly, sachet packaging will have more ground to cover in the pharmaceutical sector. Sensing the potential growth opportunities, market players are focusing on investing in pharmaceutical machinery for sachet packaging format to facilitate ease of use and improved medicine management.

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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,
Mondi Plc,
Clondalkin Group Holdings B.V.,
Printpack Inc.,

Lindopharm GmbH, American Packaging Corporation, Transcontinental Inc., Schur Flexibles Group, Deve-pack, Uflex Ltd. and Amber Packaging Industries LLC.

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Key Segment

By Material Type

Plastic
Polyethylene
Polypropylene
PET
Polyamide
Others
Paper
Aluminum Foil
Others

By Pack Size

1 ml - 10 ml
11 ml - 20 ml
21 ml - 30 ml
Above 30 ml

By Packaging Machinery

Vertical Form-fill-seal Machines (VFFS)
Horizontal Form-fill-seal Machines (VFFS)

By Application

Food
Sauces & Jams
Spice & Condiments
Tea & Coffee
Others
Personal Care & Cosmetics
Shampoo & Conditioners
Face packs & Gel
Hair Oil
Pharmaceuticals
Industrial
Sealants & Adhesives
Lubricants & Solvents
Tobacco

Report: https://www.futuremarketinsights.com/reports/sachet-packaging-market

Contact: 
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705

About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.