The global sachet packaging market was valued at US$ 7,185.8 million in 2016 and is expected to reach US$ 12,233.9 million by 2025, witnessing a CAGR of 6.27% over the forecast period (2017 - 2025), according to a Sachet Packaging Market Report, by Material Type (Plastic, Aluminum Foils, Paper, and Others), by Package Size (01ml – 10ml, 11ml – 20ml, 21ml – 30ml, and Other Packaging Size), and by Application (Food & Beverage, Pharmaceuticals, Cosmetic & Personal Care, Industrial & Consumer Goods, and Others).
Sachet packaging is made from thin films of plastic, paper or aluminum and used for packaging of powders, granules, liquids, and semisolids. They can be used for the packaging of sugar, salt, mayonnaise, spices, coffee, instant soups, shampoos, creams, pharmaceutical products, and other consumer and industrial goods. Increasing demand for portable or smaller packaging systems, as well as growing application in cosmetics and personal care products, pharmaceuticals, and food and beverages industries, are expected to drive growth of the sachet packaging market. Furthermore, development of functional packaging systems such as antimicrobial emitting sachets, which includes ethanol emitting sachets are driving growth of the sachet packaging market. However, availability of alternative packaging options such as stick packaging and flexible packaging are major restraints for growth of the sachet packaging market.
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Key Trends and Analysis of the Sachet Packaging Market:
Among packaging size, 1ml to 10ml segment showed significant growth in the market over the forecast period. This is attributed to the extensive utilization of small sized sachet packaging for product advertising such as free sample distribution. Such strategies help to create product awareness and increase its demand in the market. Furthermore, increasing trend of consumer opting for low-cost small packages is a major factor propelling growth of this segment.
Among applications, the cosmetic and personal care products segment held a dominant position in 2016 and is expected to retain its dominance over the forecast period. According to the Associated Chambers of Commerce and Industry of India, one of the trade associations of India, the cosmetic, grooming, and beauty products market in India is estimated to reach US$ 20 billion by 2025 from US$ 6.5 billion in 2016. Thus, the growing personal care and cosmetics industry is expected to drive growth of the sachet packaging market.
Key Takeaways of the Market: