Sachet Packaging Market is Estimated to Witness High Growth Owing to Rising Consumption of Packaged Food and Beverages

 

The sachet packaging market has been gaining major traction over the past few years, owing to the increasing demand for packaged food items across both developed and emerging markets. Sachets are convenient single-serve or multi-serve pre-portioned packages used majorly for food items, chemicals, drugs, and cosmetics. They serve as an ideal solution for small-volume packaging, increasing affordability and accessibility for consumers. Flexible sachets made using materials like aluminum foil, plastic films, and paper are preferred for their lightweight and compact structure. Manufacturers engaged in food & beverages, personal care, and pharmaceuticals are using sachet packages for their product range to target price-sensitive consumers in rural areas.

The global sachet packaging market is estimated to be valued at US$ 12068.07 Mn in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the sachet packaging 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.

The Sachet Packaging Market Size provides numerous opportunities for manufacturers, especially in emerging nations where consumers have low purchasing power. Sachets allow companies to offer branded products at affordable prices and gain new customers. Rising snacking habits and demand for on-the-go food items in developing countries present lucrative prospects.

Geographically, Asia Pacific dominates the global sachet packaging market and is expected to witness the fastest growth during the forecast period. This can be attributed to increasing incomes, rapid urbanization, and expanding young population in the region. Rising adoption of sachet packs among FMCG players for household goods, cosmetics, and daily consumables is driving the market in countries like India, Indonesia, and China.

Market Drivers

Expanding sales of packaged foods, beverages, cosmetics, and pharmaceuticals across modern retail formats such as supermarkets and hypermarkets are boosting the demand for sachet packages globally. Their easy portability, resealability, and affordable single-serve functionality appeal to consumers. Sachets help companies expand their customer base by offering trial sizes and introducing new product ranges at low costs. The trend of nuclear families and increasing number of working women have boosted the demand for ready-to-consume packaged items, fueling the growth of sachet packaging.

PEST Analysis:

Political: The sachet packaging market growth is influenced by various governmental regulations and policies regarding plastic waste management and recycling. Some countries have imposed bans on certain types of plastic packaging which impacts market growth.

Economic: The rising disposable incomes and growing demand for conveniently packaged products drives the sachet packaging market. However, high production costs associated with sachet packaging production poses a challenge for manufacturers.

Social: Sachet packaging fulfills the packaging needs of consumers from low-income groups and addresses issues related to accessibility and affordability of products. However, improper plastic waste disposal generates environmental pollution concerns.

Technological: Advancements in packaging machinery and equipment allow for high-speed production of sachet packages. The incorporation of digitization and automation improves production efficiency. However, lack of advanced technological infrastructure in some regions hinders market growth.

The Asia Pacific region represents the largest market for sachet packaging in terms of value, led by countries such as China, India, Indonesia, and Vietnam. This is attributed to high population densities, urbanization trends, and growing middle-class demand for conveniently packaged consumer products.

In terms of growth, Sachet Packaging Market Regional Analysis in Central and South America is projected to witness the highest CAGR during the forecast period. This is due to rapid economic development, rising living standards, expanding product portfolios of FMCG firms, and shift towards smaller pack sizes in the region.

Get More Insights on- Sachet Packaging Market

About Author:

Ravina Pandya, 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, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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