The global sachet packaging market size was US$ 8.9 billion in 2021. The global sachet packaging market is projected to grow to US$ 14.5 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022 to 2030.
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Small flexible sealed packets with three or four layers of wrapping are called sachets. Sachet packaging is developed using materials like cotton, aluminium, plastic, cellulosic, and non-plastic. These are a type of compact packaging that is completely sealed on all sides and include items like tea, coffee, detergents, shampoo, mouthwash, ketchup, spices, cream, lubricant, oil, sugar, and sauces in liquid, powder, or capsule form.
Compared to large-size packets, sachet packets are less expensive and require less storage space, which lowers the cost of shipping. A low-income group, such as the poor or lower middle class, that are price sensitive and will always prefer a cheaper form of product, is the key focus group for sachet packing providers.
In several industries, including the food and beverage and pharmaceutical industries, there is a surge in the demand for small and light packaging. Moreover, the growing inclination towards packaged foods, ready-to-eat meals, and instant beverages is also a result of consumer lifestyle changes because they have less time to prepare food. Thus, these elements have increased the demand for sachet packing. Sachets are widely used for marketing, advertising, and promotional purposes. The growing demand for samples in order to check the product’s quality and reliability is projected to contribute to the growth of the sachet packaging market during the analysis period.
Additionally, an increase in the number of retail industries and expenditures made by the major players to bring eco-friendly packaging materials into the market is projected to contribute to market growth. However, the expansion of the global sachet packaging market is constrained by the availability of substitutes, including flexible packaging and stick packaging.
By region, the sachet packaging market share is projected to witness the highest number of opportunities in Asia-Pacific, owing to the large regional population and increasing demand for cost-friendly samples. Additionally, the region is home to a large cosmetics and food & beverage industry, which will contribute to the growth of the sachet packaging market during the analysis period.
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The COVID-19 epidemic has stopped sachet packaging manufacturing due to the worldwide lockdown, which has slowed the expansion of sachet packaging over the past few months. Sales of sachet packaging were already impacted by COVID-19 in the second and third quarters of 2020. Previously, the US, Germany, Italy, the UK, and China were among the nations with the highest demand for sachet packaging. However, as the coronavirus has spread, the demand for packaging decreased in these countries.
Amcor Plc ProAmpac Holdings LLC constantia flexibles Huhtamaki Group Sonoco Products Company Mondi Group Sealed Air coveris Clondalkin Group Syntegon Technology GmbH Other Prominent Players
The global sachet packaging market segmentation focuses on materials, Size, Application, and Region.
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
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By Region North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
Key questions answered in the global chemical market report are:
— How does a global company acquire markets? — What are its core strategies and policies? — What factors will influence the chemical market over the forecast period? — What are the factors driving and restraining the market for chemicals? — What are the leading competitors in the global market? — Which region is growing at a higher pace in the global market?
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