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Future Market Insights delivers key insights on the sachet packaging machines market in its published report, titled “Global Sachet Packaging Machines Market: Industry Analysis and Opportunity Assessment, 2022–2029.” In terms of revenue, the global sachet packaging machines market is estimated to expand at a CAGR of 5.8% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.
The report includes a market research study on the global sachet packaging machines market, which includes market assessment and trend analysis of different capacities such as up to 100 sachets/min, 101-200 sachets/min, 201-350 sachets/min, and 350 sachets/min & above.
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Incorporation of Easy-to-use Features Trending among Key Manufacturers
Sachet packaging machines are basically form-fill-seal machines. The form fill seal machines market is expected to grow at a faster rate among other machineries such as bagging and filling machines. There are two types of sachet packaging machines- vertical form-fill-seal machines and horizontal form-fill-seal machines. Horizontal sachet packaging machines are generally used for the packaging of solid materials, whereas vertical sachet packaging machines are used for solid, liquid, and granulated products.
The market for vertical sachet packaging machines is expected to grow at a high CAGR owing to the smaller carbon foot-print as compared to horizontal sachet packaging machines, easy-to-use features such as improved film sealing technology and material handling techniques and reduced number of operations, and lower cost packaging solution. With the ability of handling both solid and liquid products, vertical sachet packaging machines are projected to grow in market size at a faster rate than horizontal sachet packaging machines.
The global sachet packaging market is experiencing steady growth, and is expected to remain so throughout the long-term forecast period. As consumers shift towards economical packaging solutions, sachet packaging is becoming highly popular across the food, pharmaceutical, personal care and a host of other end-use applications.
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With the coronavirus pandemic looming large, growth prospects are moderately hindered, as production shortfalls led to declining output. This is gradually easing across such domains as food & beverage, pharmaceuticals and personal care. Therefore, demand for sachet packaging across these domains is likely to prevail.
Small Packaging Trend Gathers Momentum across East Asian Market, Favoring Sales of Sachet Packaging Machines
In the developed regions such as North America and Europe, the needs and preferences of today’s consumers are changing. For instance, consumers in Europe tend to pay more for products that make their hectic, on-the-go life a bit easier. Consumers in Europe look for more diverse choices in terms of quality, price, and convenience. Stick packs and sachets are preferred than family-sized packages due to the affordability in emerging countries such as India, Mexico, Thailand, and Indonesia.
The number of small portion, individual packages has therefore grown in South Asia region, in the past few years. The trend for small packages to pack snacks has been influenced by millennial lifestyle, demographic changes, and urbanization in Europe, thereby increasing the demand for sachet packaging machines.
Sachet Packaging Market – Key Research Findings
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Future Market Insights (ESOMAR certified market research organization and a member of 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 on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Sachet Packaging Machines Market Size is forecasted to reach US$ 867.4 Mn by the year 2029 | CAGR of 5.8% appeared first on Future Market Insights.
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