Anticipated to reach a valuation of US$ 9,814.3 million by 2023, the global sachet packaging market is poised for robust growth. Over the subsequent decade, spanning from 2023 to 2033, the market demand is forecasted to escalate significantly, surging to US$ 17,381.9 million at a compound annual growth rate (CAGR) of 5.9%. This substantial projected expansion reflects the increasing adoption of sachet packaging across various industries, driven by its convenience and cost-effectiveness. The market’s trajectory underscores a rising preference for small, single-use packaging solutions, contributing to the upward trend in valuation over the forecasted period.
The burgeoning need for lightweight and space-efficient packaging is evident across diverse sectors including personal care, pharmaceuticals, home care, and food & beverages. Additionally, the increasing popularity of sachet packaging aligns with the growing market for convenient and ready-to-consume products, driven by the fast-paced lifestyles of consumers. This trend is anticipated to exert a favorable impact on market expansion throughout the forecast period, as industries recognize the value of compact and convenient packaging solutions to cater to evolving consumer preferences and lifestyle demands.
In 2022, North America dominated the sachet packaging market with a substantial 30.7% share of total revenue, a figure poised to increase to 31.2% by the close of 2023. The region anticipates a steady growth trajectory, projected at a CAGR of 5.7% throughout the forecast period. This surge is primarily attributed to the escalating adoption of sachet packaging within the food & beverage sector, particularly for fast food and takeout services, driving market expansion. Notably, the United States emerged as a key player, contributing 27.9% to the global revenue share in 2022, with a significant 60% stake in the regional market expenditure on dining out.
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Cost-efficiency offered by sachet packaging when compared to other kinds of rigid packaging solutions is further anticipated to spur growth in the market. Less manufacturing cost, less requirements for raw material along with lower cost incurred while packing, printing & shipping is positively influencing product demand.
The growing demand for packaging items in small amounts across multiple industries, such as food & beverage, cosmetics, pharmaceuticals, and personal care is further expected to generate growth in the market. The advent of active packaging emitting sachets in sachet packaging is one of the key trends that are positively influencing the market outlook.
Use of active antimicrobial packaging in packed food and headspace to delay, reduce, or even avoid the spoilage and growth of pathogenic microorganisms is presenting new opportunities for market expansion. People migrating toward urban areas is leading to less food storage capacity thereby, creating a high demand for more convenient packages such as sachet packaging solutions.
Key Takeaways
- North America is expected to grow with a CAGR of 5.7% during the forecast period.
- The market in India is projected to witness a promising CAGR of 9.20% during the forecast period.
- China is expected to grow at a 9.90% CAGR during the forecast period.
- By material type, plastic is projected to lead the segment and is estimated to grow with a CAGR of 5.5% during the forecast period.
- By end-use, personal care, and cosmetic segment is expected to lead the market. It is expected to grow with a CAGR of 5.9% during the projected period.
“Growing demand for small portion size and single-serve products is expected to fuel the demand for sachet packaging over the forecast period,” comments an FMI Analyst
Competitive Landscape
The sachet packaging market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing sachet packaging solutions.
The key industry players are
- Glenroy Inc.,
- Amcor Plc,
- Huhtamaki Oyj,
- ProAmpac LLC
- Constantia Flexibles Group GmbH,
- AE Adams (Henfield) Ltd,
- Paharpur 3P,
- RCP Ranstadt GmbH,
- Sharp Packaging Services,
- Sealed Air Corporation.
Key industry players are leveraging organic growth strategies like acquisition, mergers, partnerships, and collaboration in order to enhance their product portfolio. This is expected to fuel the global sachet packaging market.
- In May 2021, Amcor introduced a high-barrier plastic sheet sachet for packaging powdered chocolate in Columbia. The 25-gram sachet, when recycled, reduces carbon emissions by 50% and water consumption by 83%.
- In April 2021, Constantia Flexibles acquired Propak, a leading player in the European packaging industry. This merger is generating strong market potential and is proving to be a huge step in film packaging for company’s presence in the rapidly expanding market segment.
- In July 2022, Unilever, a United Kingdom-based multinational consumer goods company, cooperated with another British multinational packaging and paper group, Mondi. The collaboration was aimed at creating aluminum-free, recyclable paper-based packaging for Colman’s sauces and meal maker range.
Plastic to Dominate the Market with a Sizable Share
In 2022, plastic dominated the sachet packaging market, capturing a substantial 64.1% of the total revenue share, and the segment is poised for continued growth with a projected CAGR of 5.5% throughout the forecast period. The prevalence of plastic in sachet packaging is attributed to its widespread acceptance among manufacturers, with Polyethylene terephthalate (PET) frequently employed as a barrier to enhance structural integrity and strength. This underscores the enduring preference for plastic as a versatile and reliable material in sachet packaging applications, emphasizing its pivotal role in shaping the market landscape over the foreseeable future.
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Key Segments profiled in the Sachet Packaging Industry Survey
By Material Type:
- Plastic
- Paper
- Aluminium Foil
- Others
By Pack Size:
- 1 ml to 10 ml
- 11 ml to 20 ml
- 21 ml to 30 ml
- Above 30 ml
By Packaging Machinery:
- Vertical Form-fill-seal Machines
- Horizontal Form-fill-seal Machines
By Application:
- Food
- Personal Care & Cosmetics
- Pharmaceuticals
- Sealants & Adhesives
- Lubricants & Solvents
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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