Sachet Packaging Market Research Report 2023

Sachet Packaging Market Synopsis

The Global Sachet Packaging Market size was valued at USD 9100 Million in 2023 and is projected to reach USD 14000 Million by 2030, growing at a CAGR of 5.50% from 2023 to 2030.

The sachet packaging market refers to the industry involved in the production and distribution of sachets, which are small flexible bags used for packaging various products. This market encompasses a wide range of sectors, including food and beverages, personal care, household products, pharmaceuticals, and more.

• Sachet packaging offers convenience, affordability, and portion control, making it popular among consumers. The market is driven by factors such as the increasing demand for single-serve and on-the-go products, the rising disposable income of the middle-class population, and the growing preference for lightweight and portable packaging solutions.
• Various materials like plastic, paper, and aluminum are used in sachet packaging, depending on the product requirements. The market is highly competitive, with key players continually innovating to meet evolving consumer needs and sustainability concerns.
• These sachets, small flexible bags that are sealed on all sides, are commonly used to package items such as sauces, sugar, shampoo, oil, ketchup, tea, coffee, milk, lubricants, condiments, and spices. The vendors of sachet packaging cater to various consumer groups, including the economically disadvantaged, lower-middle class, as well as price-conscious upper-middle class.

Top Key Players Involved Are:

"Amcor Ltd. (Australia), Bemis Company Inc. (US), Mondi Group (Austria), Sealed Air Corporation (US), Constantia Flexibles Group GMBH (Austria), Sonoco Products Company (US), Huhtamaki OYJ (Finland), Coveris Holdings SA (Luxembourg), Clondalkin Group Holdings BV (Netherlands), Proampac Llc (US), Swiss Pack Pvt. Ltd. (India), Winpak Ltd. (Canada), Glenroy Inc. (US), Foshan Xinyimei Group Co. Ltd. (China), Essel Propack Ltd. (India), Fres-Co System USA Inc. (US), Cosmo Films Limited (India), Tetra Pak International S.A. (Switzerland), Printpack Inc. (US), Ampac Holdings Llc (US) and Other Major Players."

Sachet Packaging Market Trend Analysis

Demand for Compact and Practical Packaging

• The demand for compact and practical packaging is expected to increase, thereby driving the growth of the sachet packaging market. Firstly, the rising consumer preference for convenience and on-the-go products is fueling the demand for sachet packaging.
• Additionally, the affordability of sachet packaging appeals to price-conscious consumers, especially in emerging economies. Sachets provide a cost-effective solution for packaging smaller quantities of products, making them accessible to a wider consumer base
• The growing middle-class population with increasing disposable income is driving the demand for sachet packaging. As consumers seek smaller and more affordable product options, sachets offer an attractive choice across various industries such as food and beverages, personal care, and household products.
• Moreover, sachet packaging provides benefits such as extended shelf life, improved product protection, and reduced product wastage, which further contribute to its growing popularity.
• As a result, the sachet packaging market is expected to experience significant growth as manufacturers and brand owners recognize the need to cater to these consumer demands for compact and practical packaging solutions.

Sustainability and Eco-Friendly Packaging

• There is a growing consumer demand for sustainable packaging solutions. Consumers are becoming increasingly conscious of the environmental impact of packaging waste and are actively seeking products packaged in eco-friendly materials. Sachet packaging can capitalize on this demand by offering sustainable options.
• However, advances in packaging materials have made it possible to develop sustainable options for sachet packaging. Biodegradable and compostable materials, such as bio-based plastics or paper-based laminates, can be used to manufacture sachets, reducing their environmental footprint.
• Also, sachet packaging enables portion control, minimizing product waste. By providing single-serve or smaller quantities of products, sachets help reduce overconsumption and prevent excess products from going to waste..
• and hence, sustainability and eco-friendly packaging offer a significant opportunity for the sachet packaging market. By embracing sustainable practices and offering environmentally friendly options, sachet packaging manufacturers can align themselves with consumer preferences, regulatory trends, and environmental goals while differentiating themselves in a competitive market.

Segmentation Analysis of The Sachet Packaging Market

Sachet Packaging Market segments cover the Material, Size, and End-users. By Material, the Plastic segment is Anticipated to Dominate the Market Over the Forecast period.

• Plastic materials offer a high level of versatility and durability, making them suitable for a wide range of products. They can effectively protect the contents of sachets from moisture, oxygen, and other external factors, ensuring product integrity.
• Moreover, plastic materials are generally more cost-effective compared to other packaging materials such as metal or paper. This cost advantage makes plastic sachet packaging an attractive choice for both manufacturers and consumers, particularly in price-sensitive markets.
• Additionally, plastic sachets are lightweight, which makes them ideal for on-the-go and single-serve applications. The lightweight nature of plastic packaging also contributes to reduced transportation costs and lower carbon emissions during shipping.
• Plastic materials can be engineered to provide excellent barrier properties, including moisture resistance, oxygen resistance, and UV protection. These properties help preserve the quality and shelf life of packaged products, particularly in industries such as food, beverages, and personal care.

                                                                                                                                                                                              Source - Statista

Paperboard is the most used packaging material worldwide, accounting for approximately 33 percent of packaging material consumption. Types of paperboard packaging include cardboard and folding boxboard. Flexible packaging is the second most consumed packaging material globally, followed by rigid plastics

Regional Analysis of The Sachet Packaging Market

Asia Pacific is Expected to Dominate the Market Over the Forecast Period.

• The Asia Pacific region comprises rapidly growing economies, including China, India, and Southeast Asian countries. These countries have a large population base and rising disposable incomes, leading to increased consumption and demand for packaged products, including sachet packaging.
• The Urbanization and changing lifestyles in the Asia Pacific region have led to a shift in consumer preferences towards convenient, on-the-go, and single-serve products. Sachet packaging caters to these evolving consumer needs by offering compact and portable packaging solutions.
• In addition to this, the fast-moving consumer goods (FMCG) and personal care industries are witnessing significant growth in the Asia Pacific region. These industries are major users of sachet packaging for products such as sauces, shampoo, cosmetics, and toiletries.
• Furthermore, Sachet packaging is particularly popular in price-sensitive markets, and the Asia Pacific region has a significant price-conscious consumer base. Sachets offer an affordable packaging option for small quantities of products, making them accessible to a wide range of consumers.
• Overall, the combination of economic growth, changing consumer preferences, expanding industries, and supportive government initiatives positions the Asia Pacific region as a dominant force in the sachet packaging market over the forecast period.

Covid-19 Impact Analysis on Sachet Packaging Market

• During the pandemic, there was a surge in demand for essential products such as sanitizers, disinfectants, hand wash, and personal care items. Sachet packaging played a vital role in providing convenient and hygienic packaging solutions for these essential products, contributing to increased market demand.
• The pandemic led to changes in consumer behavior and preferences. With increased health and safety concerns, consumers focused more on individual hygiene and reduced contact with shared or bulk packaging. Sachet packaging emerged as a preferred choice due to its single-serve and portion-control attributes, reducing the risk of contamination.
• Moreover, the pandemic accelerated the growth of e-commerce as people shifted towards online shopping to avoid physical stores and maintain social distancing. Sachet packaging adapted well to the e-commerce sector due to its compact and lightweight nature, making it suitable for shipping and delivering small-sized products.
• Hence, COVID-19 had a mixed impact on the sachet packaging market. It increased demand for essentials and highlighted convenience but disrupted supply chains and raised sustainability concerns. As the world recovers, the market will rebound, driven by hygiene needs, e-commerce growth, and sustainability efforts.

Top Key Players Covered in The Sachet Packaging Market

• Amcor Ltd. (Australia)
• Bemis Company Inc. (US)
• Mondi Group (Austria)
• Sealed Air Corporation (US)
• Constantia Flexibles Group GMBH (Austria)
• Sonoco Products Company (US)
• Huhtamaki OYJ (Finland)
• Coveris Holdings SA (Luxembourg)
• Clondalkin Group Holdings BV (Netherlands)
• Proampac LLC (US)
• Swiss Pack Pvt. Ltd. (India)
• Winpak Ltd. (Canada)
• Glenroy Inc. (US)
• Foshan Xinyimei Group Co. Ltd. (China)
• Essel Propack Ltd. (India)
• Fres-Co System USA Inc. (US)
• Cosmo Films Limited (India)
• Tetra Pak International S.A. (Switzerland)
• Printpack Inc. (US)
• Ampac Holdings LLC (US) and Other Major Players.

Key Industry Developments in the Sachet Packaging Market

In April 2023, Sealed Air and Koenig & Bauer AG announced they have signed a non-binding letter of intent to expand their strategic partnership for digital printing machines. The partnership aimed to significantly improve packaging design capabilities by developing state-of-the-art digital printing technology, equipment, and services.

In November 2022, Tetra Pak announced its collaboration with Fresh Start, a leading food technology incubator that works with a portfolio of start-ups to provide technological solutions to some of the challenges facing the global food systems.