Introduction
Sachet Packaging Market: A Revolution in Convenience
Sachet packaging has revolutionized the way products are presented and consumed. From condiments to pharmaceuticals, sachets have become a ubiquitous part of our daily lives. This article aims to provide a detailed overview of the Sachet Packaging Market, shedding light on its history, applications, growth drivers, and much more.
The Evolution of Sachet Packaging
Sachets have come a long way since their inception. Initially used for simple condiments like ketchup and mustard, they have now infiltrated various industries, including cosmetics, pharmaceuticals, and food supplements. This evolution has been driven by the need for convenience and portability.
Anticipated to reach a valuation of US$ 9,814.3 million in 2023, the global sachet packaging market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 5.9% from 2023 to 2033. This growth trajectory is expected to propel the market demand to US$ 17.3819 Billion by the end of the forecast period, presenting lucrative opportunities for industry players.
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Key Players:
- 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.
Some recent developments in the market are:
Key industry players are leveraging on 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 potentials and is proving to be a huge step in the film packaging for company presence in the rapidly expanding market segment.
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Key Segmentations
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
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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 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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