USD 8.33 billion
Sachet Packaging Market Size, Share, Growth Analysis, By Material(Plastic, Paper, Aluminum Foil, and Others), By Packaging Machinery(Vertical Form-fill-seal Machines, and Horizontal Form-fill-seal Machines), By Application(Food, Personal Care & Cosmetics, Pharmaceuticals, Sealants & Adhesives), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15H2064 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
93
|Figures:
71
Sachet Packaging Market Insights
Global sachet packaging market size was valued at USD 8.33 billion in 2022 and is poised to grow from USD 8.78 billion in 2023 to USD 13.37 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Plastic
Fastest Growth
Paper
Growth Rate
5.4% CAGR
Global Sachet Packaging Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Sachet Packaging Market Segmental Analysis
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.
Global Sachet Packaging Market By Material
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Sachet Packaging Market Regional Insights
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.
Global Sachet Packaging Market By Region
- Largest
- Fastest
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Sachet Packaging Market Dynamics
Drivers
High Demand for Convenient Packaging
- Manufacturers around the world are focusing on opting for convenient packaging solutions for their products to maximize their sales and improve market share as well. Sachets have emerged as highly attractive, convenient, and affordable packaging solutions, which is driving up the demand for sachet packaging solutions around the world.
Reduced Environmental Impact
- Sachet packaging requires much less material as compared to other forms of packaging and this means less environmental waste when the packaging is disposed. Increasing emphasis on sustainability will be a key factor promoting the adoption of sachet packaging around the world.
Restraints
Raw Material Scarcity
- As the demand for sachets increases in different industry verticals, manufacturers are facing trouble in sourcing an adequate amount of raw material required for sachet packaging production, which could limit sachet packaging market growth potential across the forecast period.
Limited Shelf Life
- The shelf life of sachet packaging materials is quite limited thereby making the overall shelf life of sachets also limited. Moreover, the insufficient protection provided by sachet packaging is also estimated to slow down the overall sachet packaging market development scope in the future.
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Sachet Packaging Market Competitive Landscape
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
- ProAmpac LLC
- RCP Ranstadt GmbH
- Glenroy Inc.
- Sealed Air Corporation
- AE Adams (Henfield) Ltd.
- Constantia Flexibles Group GmbH
- Paharpur 3P
- Syntegon Technology GmbH
- Amcor Plc
- Clondalkin Group
- Bemis Company
- UNICO ITC dba
- Sharp Packaging Services
- Huhtamaki Oyj
- Coveris
Recent Developments
- In October 2023, Morro, a consumer brand of Xampla, announced a new collaboration with ELEMIS, a British skincare company. The collaboration focused on the development of bio-based material alternatives for single-use plastic sachets that are popularly used by most cosmetics and personal care brands.
- In February 2022, JP Packaging LLC, a packaging company based in the United States, announced the launch of a new eco-friendly sachet packaging alternative. The new alternative was designed for cosmetics, personal care products, and nutritional products.
- In July 2021, Mondi, a renowned name in the packaging space partnered with Unilever to make paper-based packaging. This move will help Unilever achieve its sustainability goals faster and bolster their presence in the global marketplace.
Sachet Packaging Key Market Trends
- Rising Adoption of Active Packaging: Sachet packaging companies should focus on the integration of active packaging practices with their products to satisfy the demand for intelligent packaging in industries such as healthcare, food, and beverages. Increasing focus on consumer empowerment is also projected to be a factor that will bolster the demand for active sachet packaging solutions in the future.
Sachet Packaging Market SkyQuest Analysis
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 8.33 billion |
| Market size value in 2031 | USD 13.37 billion |
| Growth Rate | 5.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sachet Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sachet Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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