July 21, 2022 08:28 ET | Source: Vantage Market Research Vantage Market Research
WASHINGTON, July 21, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the global Sachet Packaging Market finds that the increasing demand from various industry verticals such as cosmetics, pharmaceuticals, and food & beverages, among others is expediting market growth. Primarily driven by growing demand for convenient & small-size packaging along with the increase in product developments and collaborations. The Global Market revenue was valued at USD 8.7 Billion in 2021.
The Global Sachet Packaging Market size is forecasted to reach USD 11.7 Billion by 2028 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period; states Vantage Market Research, in a report, titled “Sachet Packaging Market Size, Share & Trends Analysis Report by Material Type (Plastic, Paper, Aluminum Foil), 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 (HFFS), by Application (Food, Personal Care & Cosmetics, Pharmaceuticals, Industrial, Sealants & Adhesives, Lubricants & Solvents, Tobacco), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Key Insights & Findings from the Report:
Increasing Demand from Various Industry Verticals to Drive the Market Growth
The increasing demand from various industry verticals such as the Cosmetics industry, Pharmaceuticals industry, and Food & Beverage industry, among others, is anticipated to augment the growth of the Sachet Packaging Market during the forecast period. Sachets are small quantity sampling packages that typically contain 3-5 ml of the product. Sachets are a common drug form used in the Pharmaceutical industry for the packaging of Powders, Diet Supplements, Dry Syrups, and Other Products. In the Cosmetics industry, the packaging of shampoos and conditioners is one of the significant applications of single-use sachets due to the price-sensitive consumers in emerging economies. Further, it can also be used in the packaging of Fragrances, Liquid Soap, Toothpaste, Lotions, Gel, Make-Up Remover, Towelettes, Wet Tissues, and Others. Also, in the Food & Beverage industry, sachets can be used for packaging products such as Sauces, Toppings, Jam, Yogurt, Salad Dressing, Electrolytes, Energy Drinks, Freeze Pops, Drink Mixes, Sweeteners, Mouth Fresheners, Coffee Powder, Pre-Mixes, Seasoning Powders, and Other Products. Thus, owing to the demand from various applications, the demand for sachet packaging is expected to increase in the coming days.
Growing Demand for Convenient & Small-size Packaging
The growing demand for convenient, small-size, and hygienic packaging will drive the demand for sachet packaging. Food manufacturers are beginning to recognize the importance of preventing future pandemic outbreaks. This will increase demand for flexible packaging solutions such as sachets. Since the outbreak of the pandemic, the demand for hand sanitizers has increased in order to implement basic hygiene practices. The majority of sanitizers are packaged in sachets, which fuels the global sachet packaging market's growth prospects. Furthermore, the economical packaging of sachets is cost-effective for both packaging and distribution activities because it reduces product wastage, resulting in high demand. However, as a result of the coronavirus pandemic, production of sachet packaging has decreased, allowing alternatives such as flexible packaging and stick packaging to take their place. As a result, it is expected to hamper market growth. Moreover, the growing use of recyclable and sustainable materials for manufacturing sachets is expected to create immense opportunities for the growth of the market within the estimated timeframe.
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Segmentation of the Global Sachet Packaging Market:
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The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
The report on Sachet Packaging Market highlights:
Browse market data Tables and Figures spread through 142 Pages and in-depth TOC on "Sachet Packaging Market Size, Share & Trends Analysis Report by Material Type (Plastic, Paper, Aluminum Foil), 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 (HFFS)), by Application (Food, Personal Care & Cosmetics, Pharmaceuticals, Industrial, Sealants & Adhesives, Lubricants & Solvents, Tobacco), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".
Asia Pacific Dominated the Global Sachet Packaging Market
Asia Pacific dominated the Global Sachet Packaging Market in 2021 and is likely to continue the same trend during the forecast period. This is attributable to the rising demand from various industries in the developing economies of the region. Furthermore, the rising demand for small size and cost-effective packaging in the region is also likely to support the regional growth of the market. Additionally, the increase in product developments in collaboration with the players is also expected to contribute to the growth of the market in the region.
List of Prominent Players in Sachet Packaging Market:
April 2021: Pro Ampac announced the acquisition of El Dorado Packaging (“El Dorado”), a leading producer of consumer and industrial multi-wall packaging solutions. With this acquisition Pro Ampac tends to increase its multi-wall bag product offering into flour and food ingredients markets, while strengthening its paper packaging capabilities in industrial markets.
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This market titled “Sachet Packaging Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
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