by Sachet packaging is ideal for small quantity packaging of various products like spices, sauces, shampoos, conditioners, and other personal care and beauty products. Sachets provide adequate packaging for single or multiple use quantities of products while maintaining product freshness for longer duration due to robust barrier properties. The demand for sachets is increasing across food & beverages, pharmaceutical, and personal care industries as sachets help increase shelf life of products and provide affordable packaging solution for customers.
The global Sachet Packaging Market is estimated to be valued at US$ 10475.75 Mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the sachet packaging market is majorly driven by increased shelf life of products packed in sachets. Sachets provide high barrier protection to products from external factors like moisture, oxygen, and microbes, thereby helping extend shelf life of products. For instance, sachet packaging for sauces, condiments, and spices prevents leakage and contamination, allowing products to retain their freshness and taste for longer duration. This has increased preference for sachet packaging among food manufacturers. Additionally, sachets also help reduce wastage of product remnants by providing just enough quantity in single-use packages. The customized sizes and shapes of sachets further aid its adoption across industries.
Segment Analysis
The global sachet packaging market is dominated by the flexible plastic segment. Sachets made from flexible plastic account for over 60% of the total market share owing to their abundancy, affordability and extensive use across different industries like food & beverages, cosmetics, and pharmaceuticals. The flexible plastic used includes materials like polypropylene, polyethylene, polylactic acid, biaxially-oriented polyamide and others. Rigid plastic segment is expected to witness the fastest growth during the forecast period on account of increasing preference for robust and durable containers.
Key Takeaways
The Global Sachet Packaging Market Demand is expected to witness high growth over the forecast period from 2023 to 2030. The global Sachet Packaging Market is estimated to be valued at US$ 10475.75 Mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030.
Regional analysis shows that Asia Pacific region currently dominates the market with over 35% share due to high consumption across developing nations like India, China, Indonesia. However, North America region is projected to register the fastest growth over the coming years with CAGR of around 5.2% owing to rising utilization of small dosage products and increasing health consciousness among consumers.
Key players operating in the sachet packaging market are Fluorsid (British Fluorspar), Canada Fluorspar, China Kings Resources Group Co. Ltd, Kenya Fluorspar, Koura, Masan Resources, MINCHEM IMPEX India Private Limited, Minersa Group, Mongolrostsvetmet LLC, RUSAL, Sallies Ltd, Steyuan Mineral Resources Group Ltd, and Seaforth Mineral & Ore Co. These players are involved in new product development, capacity expansion and acquisitions to strengthen their market position. For instance, Fluorsid recently announced plans to invest $250 million to develop new packaging solutions including sachets to cater growing demand from food industries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
