Revenue in the Sachet Packaging Market is projected to reach US$ 8.30 bn in 2024, showing an annual growth rate (CAGR) of 5.40% (2024-2032), resulting in a projected market volume of US$ 11.97 bn by 2032

The global sachet packaging market size stood at USD 7.89 billion in 2021. The market is set to expand from USD 8.30 billion in 2022 to USD 11.97 billion by 2029, exhibiting a CAGR of 5.4% over the estimated period. The surge is being impelled by a range of products. These include coffee, tea, hair oil, detergents, mouth fresheners, sauces, shampoos, and others.

Fortune Business Insights™ cites this information in its research report, titled "Sachet Packaging Market Report, 2022-2029".

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Sachet Packaging Market Segments:

Plastic Segment to Gain Prominence Owing to Extensive Demand from Manufacturers

Based on material, the market is fragmented into aluminum foil, paper, and plastic. The plastic segment is set to record appreciable expansion throughout the projected period. The rise can be attributed to the soaring product demand owing to numerous qualities such as hardness, lightweight nature, strength, and flexibility.

1 ml - 10 ml Segment to Depict Notable Surge Due to Growing Demand for Single-dose Products

Based on size, the market for sachet packaging is segmented into 1 ml-10 ml, 11 ml-20 ml, 21 ml-30 ml, and 30 ml and above. Of these, the 1 ml - 10 ml segment is estimated to register commendable surge over the analysis period. The growth is being driven by the increasing product demand in travel packs, trial packs, and single-dose application products.

Personal Care & Cosmetics Segment to Impel Substantial Demand Owing to Affordability and Ease of Use

On the basis of end-user, the market is classified into pharmaceuticals, personal care & cosmetics, consumer goods, and others. The personal care & cosmetics segment is poised to exhibit lucrative growth over the forecast period. The expansion is being attributed to the increasing usage of trial packs as a marketing strategy by numerous manufacturers.

Considering the regional landscape, the market for sachet packaging has been studied across Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Sachet Packaging Market Report Coverage:

The report gives an insight into the major trends propelling business expansion over the estimated period. It further gives an insight into the key steps taken by leading market participants for strengthening their industry position. Other aspects comprise the significant factors driving market growth over the forecast period.

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Drivers and Restraints:

Product Demand to Rise on Account of Affordability for Promotional Purposes

One of the key factors propelling the sachet packaging market growth is the increasing affordability of the product for promotional purposes. The use of sachets enables customers to try the product and move on to large-size packs for bulk purchases.

However, the market expansion may be hindered due to rapid increase in raw material supply and product shortage.

Regional Insights:

Asia Pacific to Lead Owing to Enforcement of Favorable Government Policies in India

The Asia Pacific sachet packaging market share is poised to register lucrative expansion throughout the study period. The rise is being driven by an escalation in the formulation of favorable government regulations in India.

The region of North America is set to record substantial growth over the estimated period. The expansion can be attributed to the soaring product demand across numerous industries.

Competitive Landscape:

Major Market Players Roll Out New Products to Strengthen Industry Foothold

Leading sachet packaging companies are undertaking research activities for the development and launch of new products on the market. These companies are also striking collaborations and partnership agreements for the expansion of product reach. Some of the additional steps include mergers, the formation of alliances, and acquisitions.

Sachet Packaging Industry Development:

November 2019 - Huhtamaki Flexible Packaging launched a polyolefin-based barrier solution for shampoo sachets. The new product is being introduced for addressing the increasing environmental concerns.

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List of Key Players Mentioned in the Report:

Amcor (Australia)
Sonoco Products Company (U.S.)
Huhtamaki (Finland)
Constantia Flexible Group GmbH (Austria)
Mondi (U.K.)
Clondalkin Group (Netherlands)
ProAmpac (U.S.)
Coveris (Austria)
Paharpur 3p (India)
Amber Packaging Industries LLC (UAE)
Unico ITC dba (U.S.)
Glenroy Inc. (U.S.)

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This release was published on openPR.