According to the Future Market Insights report, the market for sachet packaging is expected to reach 8.7 Bn in value in 2022. (FMI). The market for sachet packaging is predicted to grow in 2021 at a year-over-year (YoY) rate of 5.4 percent due to a rise in customer demand for small, useful packaging solutions.
The market is predicted to reach a volume of approximately 999 billion units by the end of 2022. The sachet packaging market is anticipated to expand at a robust 5.8 percent compound yearly growth rate between 2021 and 2031. (CAGR).
Markets in North America and Asia-Pacific will grow in importance. They are predicted to provide more than 60% of overall income by the end of 2031. The increase in demand for sachet packaging globally may be responsible for this.
Brands have recently benefited from the introduction of compact, single-use product sachets to help them survive the retail revolution. The FMI study indicates that sachet packaging is quickly developing as a strategy to boost profit margins because it requires less volume to be packed in packages. Packaging machinery technologies are working hard to address the industry’s long-standing challenges, such as low productivity.
Opportunities in Pharmaceutical Packaging Hinting Positive Prospects
Over the next eight years, the sachet packaging industry is anticipated to grow at a CAGR of 5.8% or less. According to the survey, producers who sell their products in little sachets have mostly targeted first-time purchasers. Several firms are implementing sachet packaging into their product marketing plans, emphasizing the greater number of trials and promotions, as modern customers’ interest in functional packaging continues to grow.
Retailers in low-income countries are embracing the tiny packaging trend over bulk packaging, presenting opportunities for sachet packaging market players to reach underserved consumer populations. The demand for sachet packaging has been greatly boosted by businesses’ rising emphasis on enhancing product accessibility and affordability to eventually enter new markets.
According to the report, developing nations in the Asia Pacific region, which account for one-third of overall revenues, have strong growth potential for the sachet packaging business. Single-serve packaging is becoming increasingly important to customers for a variety of goods, including FMCG, personal care, and cosmetics. This has allowed regional market players to consolidate their positions. The lighter, more portable, and more affordable features of sachets continue to make sachet packaging an alluring option for young, active millennials and low-income consumers.
The study found that single-unit-use sachets for pharmaceutical items are proving to be an efficient solution to problems caused by a limited shelf life or incorrect dosages. Sachet packaging will have more ground to make up in the pharmaceutical industry due to rising healthcare costs and growing demand for efficient, child- and senior-friendly packaging. Market participants are concentrating on investing in pharmaceutical machinery for sachet packaging format due to the possible growth opportunities. This would promote ease of use and enhanced medication management.
Key Companies Profiled
- 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., and Amber Packaging Industries LLC.
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.