Sachet Packaging Market
Sachet Packaging Market - Global Industry Assessment & Forecast
- By Material Type Plastic, Paper, Aluminum Foil, Other Materials
- 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 (HFFS)
- By Application Food, Personal Care & Cosmetics, Pharmaceuticals, Industrial, Sealants & Adhesives, Lubricants & Solvents, Tobacco, Other Applications
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 8.40 Billion|
|Revenue 2030:||USD 12.41 Billion|
|Revenue CAGR (2023 - 2030):||5.00%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||Asia Pacific|
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- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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The Global Sachet Packaging Market was valued at USD 8.40 Billion in 2022 and is projected to reach a value of USD 12.41 Billion by 2030. The Global Market is anticipated to grow by exhibiting a Compound Annual Growth Rate (CAGR) of 5.00% over the forecast period.
Sachet packets are small, flexible, three or four-layered bags that are sealed on all four sides and carry a small amount of condiment and spices inside them, such as sugar, salt, shampoo, oil, ketchup, tea, coffee, and lubricants. Sachet packets are manufactured from aluminum, paper, plastic, and cloth. In addition, Sachet Packaging provides the best compact packaging for pharmaceuticals, nutraceuticals, powders, liquids, and capsules. Besides this, the packaging is convenient for transportation and cheaper than the large packaging.
Sachet Packaging Market Size, 2022 To 2030 (USD Billion)
Rising need for small size and lightweight packaging in several industries such as pharmaceuticals, personal care, home care, and food & beverages, as well as an increase in demand for packed & ready-to-eat items due to consumers' busy lives, have bolstered Sachet Packaging demand. In addition, sachets are widely used for demonstration or promotional purposes, such as the free distribution of sample items to consumers to increase product awareness. Furthermore, the market is forecast to grow as the urban population grows, the trend shifts from conventional to innovative packaging techniques, and the number of retail industries grows. Another element driving market expansion is manufacturers' increased focus on Sachet Packaging due to its low cost.
On the other hand, market alternatives such as stick packaging and flexible packaging would pose a considerable temporal threat to the Sachet Packaging industry's development pace.
The Sachet Packaging is segmented based on Material Type, Pack Size, Packaging Machinery, Application, and Region. Based on Material Type, the Sachet Packaging Market is sub-segmented as Plastic, Paper, Aluminium Foil, and Other Materials. Based on the segment Pack Size, the market is sub-segmented into 1ml-10ml, 11ml-20ml, 21ml-30ml, and above 30ml. Furthermore, based on the segment of Packaging Machinery, the market is sub-segmented into Vertical Form-Fill-Seal Machinery (VFFS) and Horizontal Form-Fill-Seal Machinery (HFFS). In addition, based on the segment Application, the market is sub-segmented into Food, Personal care & Cosmetics, Pharmaceuticals, Industrial, Sealants & Adhesives, Lubricants & Solvents, Tobacco, and Other Applications.
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Based on Material Type:
Based on the segment Material Type, the market is sub-segmented as Plastic, Paper, Aluminium Foil, and Other Materials. Despite the intolerance for plastic use, Plastic is a common Material Type utilized for Sachet Packaging due to its widespread acceptability among producers. Plastic has a wide range of properties, including flexibility, hardness and strength, and lightweight. Therefore, it accounts for a considerable share of the Sachet Packaging under the Material Type sector. Furthermore, the increased demand for sachet packets in single-use items, travel packs, and trial packs will move the Plastic sub-segment ahead. Polyethylene is also considered because the layer is printable. It also plays a vital role in brand advertising and marketing, making it the most popular material choice for sachet producers. In addition, polyethylene is expected to be the most often utilized material for sachets because of its lightweight and muscular tensile strength compared to other plastic materials.
Based on Packaging Machinery
Based on the segment Packaging Machinery, the market is sub-segmented into Vertical Form-Fill-Seal Machinery (VFFS) and Horizontal Form-Fill-Seal Machinery (HFFS). A Vertical Packaging machine is a bagger that produces bags for vertically packed items, whereas a Horizontal Packaging machine makes bags for horizontally packaged products. When deciding on a primary packaging machine, consider your product's form, size, volume, and package presentation (bag type). The most crucial of these variables is the chosen bag type. While Vertical Machines are often less expensive than horizontal machines, you must ensure that a vertical machine will meet your specific demands. A Packing Machine is a significant investment; if you get the faulty equipment, the amount paid is meaningless.
Based on Application:
Based on the segment Application, the market is sub-segmented into Food, Personal Care & Cosmetics, Pharmaceuticals, Industrial, Sealants & Adhesives, Lubricants & Solvents, Tobacco, and Other Applications. Due to changes in consumer lifestyle, there is an increase in demand for ready-to-eat meals, packaged food, or fast beverages. As a result, the need for sachet packing has increased. Furthermore, increased discretionary expenditure among the poor and lower-middle classes, as well as the demand for convenience, efficiency, and safe packing, are driving the market. In addition, because it reduces product waste, sachet packing is far more cost-effective in packaging and transportation.
Asia Pacific is Forecast to Increase at the highest CAGR during the forecast period
The Asia-Pacific region will likely advance considerably throughout the projected timeframe, with the highest Compound Annual Growth Rate (CAGR). This advance is attributed to the rapid increase in industrialization, urbanization, globalization, and the expansion of the packaging sector. The rising use of Sachet Packaging by various end-user verticals is another critical factor driving market development in this area. The marketplaces in Europe and North America are well-developed, with many established enterprises. Therefore, the Global Sachet Packaging Market is expected to proliferate in the coming days.
The key players in the Global Sachet Packaging Market include- 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., Amber Packaging Industries LLC and others.
Segmentation of the Global Sachet Packaging Market:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Frequently Asked Question
What is the global demand for Sachet Packaging in terms of revenue?
The global Sachet Packaging valued at USD 8.40 Billion in 2022 and is expected to reach USD 12.41 Billion in 2030 growing at a CAGR of 5.00%.
Which are the prominent players in the market?
The prominent players in the market 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, Mondi PLC, Clondalkin Group Holdings B.V., Printpack Inc., Lindopharm GmbH, American Packaging Corporation, Transcontinental Inc., Schur Flexibles Group, Deve-Pack, Uflex Ltd., Amber Packaging Industries LLC.
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 5.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Sachet Packaging include
- There is an increase in the demand for compact and lightweight packaging in various sectors, such as food & beverages and pharmaceuticals
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Sachet Packaging in 2022.