by 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 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sachet packaging refers to small pre-packed quantities of goods ranging between 1-10 grams. These packaging solutions are ideal for samples, individual servings and trial sizes of personal care products, food & beverages, and pharmaceuticals. They offer benefits such as affordable pricing, product protection, and ease of transport. With growing urbanization and rising disposable income levels in developing regions, demand for conveniently packaged daily-use products is increasing rapidly. This acts as a key driver for the sachet packaging market.
Market key trends:
One of the major trends in the sachet packaging market is the use of eco-friendly materials. Companies are developing sustainable packaging alternatives made from biodegradable polymers and plant-based materials to reduce environmental footprint. Another notable trend is multi-industry applications of sachet packages. Earlier mostly used for consumer goods, these units are now widely employed for chemicals, industrial lubricants and agriculture sector. Digital printing technology is also gaining popularity for producing visually appealing sachets with detailed labels and designs. This boosts brand visibility and drives sales.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to the required high capital investment for setting up machinery and equipment for sachet packaging.
Bargaining power of buyers: The bargaining power of buyers is high since buyers have various suppliers to choose from for sachet packaging solutions.
Bargaining power of suppliers: The bargaining power of suppliers is moderate since key raw materials are commoditized and their availability from alternative sources limits the ability of any single supplier to impact prices.
Threat of new substitutes: The threat of new substitutes is low as there are limited packaging format alternatives that provide the convenience of single-use sachets for end-users.
Competitive rivalry: The competitive rivalry is high due to the presence of numerous international and regional players competing on pricing and innovation.
Key Takeaways
The global Sachet Packaging Market Size is expected to witness high growth, exhibiting CAGR of 6.1% over the forecast period of 2023 to 2030, due to increasing consumption of packaged food and beverages. The market size for sachet packaging was valued at US$ 10475.75 Mn in 2023.
Regional analysis: Asia Pacific is expected to dominate the global sachet packaging market during the forecast period. This is mainly attributed to the rising population, changing lifestyles, and increasing consumption of packaged goods in countries like India and China.
Key players: Key players operating in the sachet packaging market are Amcor Limited, Bemis Company, Inc., Constantia, Sonoco Products Company, Huhtamaki Group, Mondi, Sealed Air Corporation, RCP Ranstadt GmbH, and Clondalkin Group. These players are focusing on new product launches and mergers & acquisitions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.
