A single serve packets
is a small pouch made from foil, paper, or plastic film. Single serve
packets usually used to pack single-use quantities of consumer goods
such as foods, ketchup, or shampoo. The market of single serve packets
is growing at significantly high growth rate as global packaging
industry growing at a rapid CAGR.
Single Serve Packets Market: Dynamics
The growth of global single serve
packets market is driven by the rising concern among the consumers about
the legitimacy of products they buy due to the availability of
counterfeit FMCG and pharmaceutical products in the market. To counter
the same, manufacturers are also opting for new packaging technologies
for their products that not only confirms the authenticity of their
products; it also helps in endorsing their products. Furthermore, due to
various advantages of single serve packets such as increasing shelf
life, convenience in travelling, and less weight and space required for
product can be attributed to the growth of global single serve packets
growth.
Some of the trends identified in the
global single serve packets market are partnerships among the single
serve packets providers and consumer product manufacturers, growing
sampling trend. However, the cost of single serve packets is a costlier
compared to large packets might hamper the growth of global single serve
packets market globally. The company manufacturing single serve packets
have significantly high opportunity in regions such as Asia-Pacific,
Latin America, and Middle East Africa as in these regions the packaging
industry is experiencing significantly high growth rate which will lead
to the growth of clamshell and tray cartons market.
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Single Serve Packets Market: Segmentation
Basically, single serve packets market
is segmented into packaging material, end use, and by region. On the
basis of packaging material the single serve packets market is segmented
as plastic and paper. Plastic packaging is further sub-segmented into
polyethylene, polypropylene, polyamide, polystyrene, polyvinyl chloride,
and others. Among these plastic packaging market has significantly high
value and volume share. The global single serve packets market is
segmented on the basis of end use as cosmetics, food, FMCG,
pharmaceuticals, and others. The food segment has the significantly
high-value share with substantial growth rate, followed by FMCG
industry.
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