USD 8.33 billion
Report ID:
SQMIG15H2064 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
93
|Figures:
71
Sachet Packaging Market size was valued at USD 8.78 Billion in 2023 and is poised to grow from USD 9.25 Billion in 2024 to USD 14.09 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).
Sachet packaging is a packaging format made from three or four layers of packaging material. This type of packaging is usually very inexpensive and takes up less space, which makes it ideal for transportation purposes as well. Sachet packaging is popularly used for the packing of powders, capsules, and liquids. Integration of active packaging ingredients in sachet packaging is projected to be a key trend that most companies will focus on in the future. The surging popularity of convenience products and high demand for small-form-factor packaging solutions across different industry verticals is also estimated to bolster the demand for sachet packaging in the future. Sachet packaging is also highly customizable, which makes them a perfect choice for companies looking to brand their products and market them in a unique way. Constantly changing consumer preferences are also estimated to influence the sales of sachet packaging in the long run.
Global Market Size
USD 8.33 billion
Largest Segment
Plastic
Fastest Growth
Paper
Growth Rate
5.4% CAGR
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The global sachet packaging market is segmented based on material, packaging machinery, application, and region. Based on material, the market is bifurcated into plastic, paper, aluminum foil, and others. Based on packaging machinery, the market is divided into vertical form-fill-seal machines and horizontal form-fill-seal machines. In terms of application, the market is segmented into food, personal care & cosmetics, pharmaceuticals, sealants & adhesives, lubricants & solvents, and other applications. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Material
Plastic is the most extensively used material for sachet packaging manufacturing around the world and this is why it accounts for a dominant market share as well. The high affordability of this material is the factor that promotes its adoption by various sachet packaging manufacturers around the world. Flexibility, durability, and strength are some key prospects of plastic packaging that allow it to account for a prominent share of the global sachet packaging marketplace.
Meanwhile, the use of paper for the manufacturing of sachet packaging is projected to increase at a rapid pace across the forecast period. Ban on the use of plastics to curb pollution and reduce waste in landfills is projected to favor demand for paper sachet packaging over the coming years. A high focus on sustainability and growing demand for sustainable packaging solutions across different industry verticals is also estimated to benefit the demand for paper sachet packaging in the long run.
Analysis by Application
Most sachet packaging is projected to be used for cosmetics and personal care products. High customization options available in sachet packaging allow personal care and cosmetics manufacturers the flexibility to package their products in the most convenient and cost-effective way possible. The growing focus of companies on improving their profit margins and delivering products in attractive packaging will also promote the adoption of sachet packaging in cosmetics and personal care applications going forward.
However, the use of sachet packaging is slated to soar high in pharmaceutical applications in the future. Increasing focus on improving medical care by providing the right dosage of medications is projected to promote the adoption of sachet packaging to deliver medications in precise small dosages without much cost. Moreover, the rising demand for lightweight and compact packaging solutions in the healthcare space is increasing rapidly thereby promoting the demand for sachet packaging as well.
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The massive consumer base of the Asia Pacific region allows it to account for a dominant share of the global sachet packaging market. Rapidly increasing urbanization and industrialization are also estimated to benefit sales of sachet packaging in this region going forward. Low costs of raw materials and labor coupled with supportive government initiatives to promote manufacturing activity are also slated to attract sachet packaging manufacturers to this region. India and China are estimated to lead the sachet packaging demand outlook in the Asia Pacific region across the forecast period and beyond.
The North American regional market accounts for the second-largest share of the global sachet packaging market. Growing demand for convenience and packaged foods is slated to bolster the demand for sachet packaging in the food & beverage industry. Increasing focus on branding is slated to promote the adoption of sachet packaging in multiple industry verticals in this region. Canada and the United States are slated to spearhead the demand for sachet packaging in the North American region in the future.
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Drivers
High Demand for Convenient Packaging
Reduced Environmental Impact
Restraints
Raw Material Scarcity
Limited Shelf Life
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Sachet packaging companies are focusing on experimenting with the use of new sustainable materials to comply with modern standards and satisfy the demand for sustainable packaging solutions. Companies are also focusing on improving the customizability of sachets to create new branding opportunities for companies. Integration of advanced technologies to optimize the sachet packaging manufacturing process will also be a key trend that established as well as incoming companies will focus on going forward. Mergers, collaborations, partnerships, and acquisitions are also slated to be popular strategies opted by all kinds of sachet packaging providers in the long run.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing demand for convenient packaging solutions around the world is slated to primarily augment the demand for sachet packaging across the forecast period. Rapidly increasing urbanization and industrialization coupled with evolving consumer preferences are also estimated to uplift the global sachet packaging market growth in the future. On the flip side, the scarcity of raw materials required to manufacture sachet packaging products is predicted to be a key challenge for market growth over the coming years. On the back of a strong manufacturing sector, the Asia Pacific region is slated to hold sway over the global sachet packaging demand outlook through 2031 with China and India leading market growth. Sachet packaging market players are forecasted to focus on the integration of active packaging features to create new growth opportunities in the market going forward.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 8.78 Billion |
Market size value in 2032 | USD 14.09 Billion |
Growth Rate | 5.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sachet Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sachet Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sachet Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sachet Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15H2064
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