Sachet packaging is a new type of packaging that is compact in size, inexpensive, and accessible to all. Family-sized containers are more expensive than sachet-packed products. As a result, number of small, personalized packages has increased to fulfil needs of all levels of society. Sachet packaging is often flat, rather than circular or oval, and has two or three size openings. Growth in need for tiny, convenient packaging in foods & beverages, medicines, cosmetics & personal care, healthcare, and hygiene products has led to rise in demand for sachet packaging. Moreover, rise in number of retail industries and investments by key players for development of eco-friendly & recyclable packaging material can lead to upliftment in the sachet packaging market. Availability of alternatives such as flexible packaging, stick packaging, and strict government rules regarding usage of non-plastics and fluctuation in price of raw materials limits the market growth.
Major players are adopting product launch and acquisition as key developmental strategies to improve their product portfolio of the sachet packaging market. For instance, in February 2022, ProAmpac announced that it has acquired Belle-Pak Packaging, an award-winning manufacturer of sachet packaging products. This acquisition expands its growing presence in Canada and extends its reach in high growth e-commerce, healthcare, and logistics. This is expected to improve the product portfolio of the company.
The global sachet packaging market is segmented into material type, size application, and region. By material type, the market is categorized into plastic, non-plastic, and others. On the basis of size, the market is fragmented into as 1ml-20ml, 21ml-30ml, and above 30ml. The 1ml-20ml segment is anticipated to dominate the global sachet packaging market throughout the forecast period. The application segment is fragmented into cosmetic & personal care, foods & beverages, pharmaceuticals, and others. egion wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific was the highest contributor to the global sachet packaging market, and is expected to witness significant growth rate in the coming years.
The COVID-19 pandemic forced many companies in the global sachet packaging market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global sachet packaging market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the global sachet packaging market, and the market is anticipated to witness a slow recovery during the forecast period.
The key players profiled in the sachet packaging market report include Amcor Plc., ProAmpac Holdings LLC., Constantia Flexible, Huhtamaki Group, Sonoco Products Company, Mondi Group, Sealed Air, Coveris, Clondalkin Group, and Syntegon Technology GmbH.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging global sachet packaging market trends and dynamics.
- In-depth market analysis is conducted by the global market estimations for key market segments between 2021 and 2031.
- The global sachet packaging market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global sachet packaging market forecast analysis from 2022 to 2031 is included in the report.
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global sachet packaging industry.
Key Market Segments
By Material Type
- Plastic
- Non-Plastic
By Size
- 1ml - 20ml
- 21ml - 30ml
- Above 30 ml
By Application
- Cosmetic and Personal Care
- Food and Beverage
- Pharmaceuticals
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Amcor Plc
- ProAmpac Holdings LLC
- constantia flexibles
- Huhtamaki Group
- Sonoco Products Company
- Mondi Group
- Sealed Air
- coveris
- Clondalkin Group
- Syntegon Technology GmbH
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Table of Contents
Executive Summary
According to this report titled, 'Sachet Packaging Market,' the sachet packaging market size was valued at $9.0 billion in 2021, and is estimated to reach $15.5 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.Sachet packaging refers to a line of pipes, or channel or method to carry something from one place to another. Pipelines are needed to transport raw materials from the areas of production, which are sometimes very remote, to the refineries and chemical plants. it moves the finished products to gasoline terminals, natural gas power plants and other end users.
There is a rapidly growing need for the safe and cost-effective transportation of hazardous chemicals and petroleum products; raise public awareness of the environmental impact of pipeline and their support in reducing GHG emissions; depletion of freshwater resources and government investment in wastewater treatment plants to treat wastewater reuse and reduce water pollution; importance to data management, information and communication technology development, and security management to protect pipeline transportation against sabotage and military raids in wartime. Population growth has a positive effect on the growing demand for various daily products such as water, milk and petroleum products such as kerosene, diesel and gasoline which are expected to generate potential opportunities for the sachet packaging market during the forecast period.
Several manufacturers in the global market stopped their business activities in 2020 due to lockdowns implemented in developed and developing countries, owing to ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the sachet packaging manufacturing companies. In addition, lack of man power and raw materials affected the supply chain of the global market. However, the sachet packaging market is projected to cover from the 1st quarter of 2023, due to the reduced restrictions and reopening of the global sachet packaging industry. Moreover, in 2021, with the availability of vaccine against COVID-19, is expected to gradually witness sachet packaging market growth.
Major players are adopting product launch and acquisition as key developmental strategies to improve the product portfolio of sachet packaging market. For instance, in June 2021, Constantia flexibles acquired Propak is a leading player in the European snacks market. This acquisition aims in improving the packaging solutions portfolio of the company. Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand competitive outlook of the sachet packaging market opportunity.
The global sachet packaging market is segmented based on material type, size, application, and region. On the basis of material type, the market is segmented into plastic and non-plastic. In 2021, the plastic segment accounted for the largest share of 92.47% of the overall market. On the basis of size, the market is categorized into 1ml-20ml, 21ml-30ml, and above 30ml. The 21ml-30ml segment held the largest market share of 50.41% of the sachet packaging market in 2021. Based on application, the market is segmented into cosmetic and personal care, food and beverage, pharmaceuticals, and others. The cosmetic and personal care segment held the largest market share of 50.2% in 2021. On the basis of region, the sachet packaging market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region will dominate the market in 2021.
Key Findings Of Study
- The report provides an extensive analysis of the current and emerging global sachet packaging market trends and dynamics.
By size, the 21ml-30ml segment registered the highest growth in terms of revenue in the global sachet packaging market in 2021.
By application, the food and beverage segment is projected to register the highest growth rate in the coming years.
The report provides an extensive analysis of the trends and emerging opportunities of the market.
In depth, the global sachet packaging market analysis is conducted by constructing estimations for the key segments between 2021 and 2031.
The global sachet packaging market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- Amcor Plc
- ProAmpac Holdings LLC
- constantia flexibles
- Huhtamaki Group
- Sonoco Products Company
- Mondi Group
- Sealed Air
- coveris
- Clondalkin Group
- Syntegon Technology GmbH
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 244 |
Published | May 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 9028.2 million |
Forecasted Market Value ( USD | $ 15493.9 million |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |