The global sachet packaging machines market is experiencing robust expansion, with current sales valued at USD 563.8 million in 2022. According to a recent market analysis, the market is projected to grow at a steady compound annual growth rate (CAGR) of 5.8%, reaching an estimated valuation of USD 867.4 million by the end of 2029.
Core Concepts in the Sachet Packaging Machines Industry
- Historical Growth: From 2014 to 2021, the market experienced a steady expansion with a CAGR of 4.6%.
- Future Growth Rate: Between 2022 and 2029, the market is projected to grow at an accelerated CAGR of 5.8%.
- Projected Market Worth: By 2029, the market is expected to reach a valuation of US$ 867.4 million.
- Industry Leaders: Leading manufacturers include Bosch Packaging Technology, Universal Pack S.r.l, Matrix Packaging, Nichrome India Ltd., Winpak Ltd., Marchesini Group S.p.A, Y-Fang Group, Mediseal GmbH, and QuadroPack.
- Market Dynamics: The increasing demand for convenient and efficient packaging solutions drives the market’s growth trajectory.
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In Europe, the market for sachet packaging systems is expected to maintain a steady pace of growth and secure a notable market share globally. Factors contributing to this growth include evolving lifestyle preferences, urbanization, and the development of the hospitality industry in countries like Germany, Italy, France, and the U.K. These trends are expected to drive the demand for sachet filling and sealing machines, particularly for products like sugar, milk, tea, and stick packs.
Key Market Drivers:
- Industry 4.0 Adoption: The rise of Industry 4.0 across multiple end-use industries is significantly boosting the popularity of automatic sachet packaging machines. This trend is set to transform the sachet packaging landscape, introducing greater efficiency and precision in packaging processes.
- Consumer Preference for Single-Serve Packaging: Increasing consumer demand for single-serve packaging propels the need for sachets, directly impacting the sachet packaging machine market. This trend is particularly notable in the food and beverage, pharmaceutical, and personal care sectors.
- Flexible Packaging Solutions: The rising demand for flexible packaging solutions further supplements the growth of the sachet packaging machine market. Flexible packaging offers several advantages, including convenience, cost-efficiency, and enhanced product protection.
- Technological Advancements: Recent advancements in automation are revolutionizing sachet packaging machines. In June 2022, ProMach’s acquisition of Reepack, a leading manufacturer of high-quality flexible packaging machinery, underscores the market’s commitment to innovation.
The Key Players Are-
- Foshan Coretamp Packaging Machinery Co. Ltd
- Viking Masek
- Honor Packaging Machinery Co. Ltd
- SmartPac Verpackungsmaschinen GmbH
- Mespack SL
- Turpack Makine Sanayi ve Ticaret Ltd. Sti.
- Fres-co System USA Inc.
- MentPack
- Bossar Packaging
- others
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.
Competitive Landscape:
Sachet packaging machine manufacturers are investing in the research & development of new sachet packaging equipment. Sachet packaging machine companies are also adopting multiple strategies to offer more affordable packaging solutions to companies.
- In August 2021, Matrix, a leading name in the packaging industry, showcased its new line of integrated packaging at PACK EXPO in Las Vegas. The highlight of the showcase was the Matrix Morpheus VFFS machine, and this integrated line also shows how ProMach brands collaborate to efficiently utilize all kinds of packaging projects
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Key Segment:
By Material Type
- Plastic
- Polyethylene
- Polypropylene
- PET
- Polyamide
- Others
- Paper
- Aluminum Foil
- Others
By Pack Size
- 1 ml – 10 ml
- 11 ml – 20 ml
- 21 ml – 30 ml
- Above 30 ml
By Packaging Machinery
- Vertical Form-fill-seal Machines (VFFS)
- Horizontal Form-fill-seal Machines (VFFS)
By Application
- Food
- Sauces & Jams
- Spice & Condiments
- Tea & Coffee
- Others
- Personal Care & Cosmetics
- Shampoo & Conditioners
- Face packs & Gel
- Hair Oil
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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