PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515559
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515559
Sachet Packaging Market size was valued at USD 9,141.2 Million in 2023, expanding at a CAGR of 5.3% from 2024 to 2032.
Sachet packaging is made up of three or four layers of various materials, including aluminum, paper, plastic, cloth, and others. Sauces, sugar, shampoo, oil, ketchup, tea, coffee, cream, lubricant, and other condiments and spices are packaged in sachets, which are little flexible pouches sealed on all four sides. Pharmaceuticals, nutraceuticals, and other powders, liquids, and capsules can all benefit from the compact packaging. Sachet packing machines pack a single sheet of film material. Film transport, optional printing, film centering, film cutting and folding, sachet construction, and sachet sealing are all steps in the sachet packaging process.
Sachet Packaging Market- Market Dynamics
Rising Demand in Healthcare and Pharmaceuticals
The healthcare and pharmaceutical industries have seen a surge in demand for unit-dose packaging, particularly for pharmaceuticals and single-use healthcare products. Sachet packaging provides correct dosing, increases patient compliance, and promotes sanitation, making it a popular choice among pharmaceutical businesses. For instance, In December 2022, Unette Group invented the Tear n Tuck tube, a sustainable alternative to typical screw cap tubes that uses 70% less plastic, making it lighter and more cost-effective. The tube provides convenience on the go, with a resealable sealing mechanism that prevents leaks and spills. It is increasingly popular for a variety of items, including lotions, lubricants, and sunscreen.
Sachet Packaging Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.3% over the forecast period (2024-2032)
Based on Size segmentation, 1 ml - 20 ml was predicted to show maximum market share in the year 2023
Based on Material segmentation, Plastic was the leading type in 2023
On the basis of region, Asia-Pacific was the leading revenue generator in 2023
The Global Sachet Packaging Market is segmented on the basis of Size, Material, Application, and Region.
The market is divided into three categories based on Size: 1ml - 20ml, 21ml - 30ml and Above 30 ml. The 1 ml - 20 ml category leads the market as a result of the growing need for single-dose application solutions, trial packs, and travel packs. These can be used to sample seasonings, sauces, shampoo, and other cosmetic and healthcare products, which is anticipated to promote industry growth. The increased need of consumers for convenience and 'on-the-go' adaptation of products has led to a trend in packaging known as "miniaturization." However, the sachet packaging format has been primarily restricted to food skincare, and cosmetic products.
The market is divided into two categories based on Material: Plastic and Non-Plastic. Plastic is the most commonly used material for sachet packaging manufacturing all over the world, and as a result, it holds the majority of the market share. This material's low cost encourages its use by a variety of sachet packaging makers worldwide. Flexibility, durability, and strength are some of the essential characteristics of plastic packaging that allow it to account for a significant part of the global sachet packaging industry.
Sachet Packaging Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia-Pacific sachet packaging market had the greatest share. The India Brand Equity Foundation (IBEF), an initiative of the Ministry of Commerce and Industry of the Government of India, predicts that India's Fast-Moving Consumer Goods (FMCG) industry will drive market growth in the area. Household and personal care, healthcare, and food and drinks are important FMCG sectors in India, contributing to the market's explosive growth in the Asia Pacific region. Furthermore, China's sachet packaging market had the highest market share, while India's sachet packaging market was the fastest expanding in the Asia-Pacific region.
The European sachet packaging market is expected to grow steadily throughout the forecast period. The largest cosmetic industry presence in the region is driving the regional market expansion. Furthermore, the German sachet packaging market had the highest market share, while the United States sachet packaging industry was the fastest expanding in the European region.
Major companies in the Sachet Packaging market are Amcor Plc, ProAmpac Holdings LLC, Constantia Flexibles, Huhtamaki Group, Sonoco Products Company, and Mondi Group. Market participants are also engaging in a number of strategic initiatives to grow their worldwide presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. To expand and survive in a more competitive and expanding market environment, the Sachet Packaging sector must provide cost-effective products.
In July 2021, Mondi, a well-known company in the packaging industry, collaborated with Unilever to create paper-based packaging. This approach will help Unilever meet its sustainability targets faster and strengthen its global presence.
GLOBAL SACHET PACKAGING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Amcor Plc
ProAmpac Holdings LLC
constantia flexibles
Huhtamaki Group
Sonoco Products Company
Mondi Group
Sealed Air
coveris
Clondalkin Group
Syntegon Technology GmbH
Others