Sachet Packaging Market: In-depth Industry Analysis Research Report Forecasts to 2024 by TMR

Sachets are small sealed flexible bags containing small amount of liquid or powder product inside such as   Sauces, sugar, shampoo, oil, ketchup, tea, coffee, cream, lubricant, etc. the small packet size sachet are cheaper than large size packages and also convenient in transportation. Sachet packaging vendors targeted the poor and lower middle class or the cost-conscious upper middle class who are quite price sensitive. The sachet packaging manufacture intention was really to the bottom of the pyramid, they focused on the most sizable mass market, low income, those who called class D or E. Demand for handy and convenient packaging such as sachet packaging had boosted overall sales of global sachet packaging market.

The end user is looking for the extensive range of advanced packaging solutions is likely to have a positive influence on the demand for sachet packaging during the forecast period. The market is mainly driven by increased disposable income among poor and lower middle-class consumer along with the application for convenience, efficient and safe packaging. Sachet packaging is lot more cost effective both in packaging and distribution as it minimizes the product wastage. Sachet packaging has the positive outlook as a result of FMCG and related industries.

Obtain Brochure@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=24290

Global Sachet Packaging Market: Dynamics

Sachet packaging are new packaging presentation which is small in size, cheap in rate and affordable by all. Sachet packed goods are more affordable than family sized packages. The amount of small, individual package has therefore grown globally to meet the need of each level of population. Sachet packaging are usually flat, as opposed to the round or oval cross section, and have two or three size open. The increasing demand for small size and convenient packaging in food & beverage, pharmaceuticals, cosmetic and personal care, healthcare & toiletries products has led to increased sales of sachet packaging worldwide. There is high competition in the market which led competitors to come up with innovative product and new strategy in packaging world. Pricing and packaging become a crucial factor to influence the consumer. Sachet packaging is expected to expand at significant CAGR during the forecast period.

Global Sachet Packaging Market: Segmentation

The global sachet packaging market can be segmented on the basis of material type, application and region. The type of material used in sachet packaging are paper, plastic, cellulosic and aluminum foil. Plastic films are further categorized into polyethylene, polypropylene, BOPET, EVOH and others (polystyrene).On the basis of application the global sachet packaging market can be classified into cosmetic & personal care, Food & beverage, pharmaceuticals, industrial & consumer goods and others (homecare, automotive, etc).Plastic sachet packaging is dominating the market worldwide, plastic is preferred by both manufacturers and end user owing to its properties. On basis of region sachet packaging are segmented, North America, Latin America, Asia pacific, Europe, and Middle East & Africa.

Global Sachet Packaging Market: Regional Overview

Asia pacific is the eye-catching region for this market owing to the large population and increasing disposable income along with the presence of significant consumer base has led to increased investment by companies engaged in manufacturing and distribution of global sachet packaging market in the region. The Europe and North America region is highly mature with the high market presence of established players. The global market forglobal sachet packaging market is expected to witness rapid growth in near future. The Asia-Pacific region is estimated witness fastest-growth in terms of volume. Increasing MEA and Latin America are expected to witness rapid growth over the forecast period as the companies are targeting the low income but large sizable mass market for the growth of in term of volume

Global Sachet Packaging Market: Key Players

The main player of this market such are Amcor Limited, Ampac Holiding, Bemis Company, Inc., Constantia Flexible Group GmbH , Huhtamaki Group, and Sonoco Products Company. Other players include Sealed Air Corporation, Mondi Group, Clondalkin Group Holdings B.V., Coveris Holdings S.A.

Read More

Sachet Packaging Market: Global Industry Analysis and Opportunity Assessment 2017 – 2027

Over the years, sachets have been used by large brands for sampling, to facilitate the penetration of their products in different markets and especially for targeting economically underprivileged societies in emerging economies.Sachet packaging is a marketing strategy designed to cater to the economic underclass in emerging economies as they represent a significant fraction of the population. The fact that sachets are affordable for all sections help in rapid market penetration. According to different studies, sachet packaging has witnessed the peak of success in countries such as India and other Southeast Asian countries, where they account for more than 95% of industry sales in terms of volume and 60% in terms of value. In countries such as India, sachets are cheaper than bottles, leading to more people indulging in product trials using single use sachets.

In western countries however, the situation is the opposite. Sachets cost more than bottles, per ml, a phenomenon that is referred to as negative price-pack curve. Sachets are used as small quantity sampling packages, usually containing 3-5 ml of the product. The idea is for the consumer to try the product and move on to bottles or bigger pack sizes if the product is found satisfactory. However, in countries such as India, the prices are kept low by brands to increase penetration and to appeal to all classes of consumers. Low cost helps sachets account for a major share of the market and also ensure high penetration in countries such as India, with a primarily price-sensitive population. In addition, sachets present an airtight environment, which enables manufacturers to offer more natural and high quality fresh products and reduce the use of preservatives.

Stick packs as an alternative to sachets hampering market growth

The global sachet packaging market might potentially be challenged by the growth of alternative flexible packaging solutions that come in small pack sizes. Growth in the global flexible packaging industry has paved way for growth in demand for small pack sizes to suit consumer preferences for convenience packaging. In western countries, the growth outlook of the sachet packaging market is slower as sachets are used for a different purpose in developed nations. Barring India and a few other South East Asian countries, most other countries have higher per ml cost of sachets as compared to larger pack sizes. This results in lower CAGR. Apart from this, growth in demand for alternative packaging solutions such as stick packs is also high. There is high competition between stick packs and sachets. The competitive edge that stick packs have over sachets is lower material cost. It costs more to pack a sachet than a stick pack. Stick packs have also emerged as one of the ideal unit-dose packaging solutions that mainly target the millennial population.

Fill the form to gain deeper insights on this market @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4469

Similar to sachets, stick packs have also found applications in a variety of industries such as the food and pharmaceutical industries. Another advantage that stick packs have over sachets is the relatively low material requirement, which according to some studies, has been estimated to be around 40% less than the amount of material required to pack sachets for the same fill capacity. As the demand for flexible packaging continues to increase, the competition between sachets and stick packs is expected to become more intense, further hampering optimum growth of the sachet packaging market. However, this also presents an opportunity for sachet manufacturers to identify consumer needs and innovate accordingly to stay ahead of the competition.

Global Sachet Packaging Market Analysis by Pack Size

Globally, the 1 ml – 10 ml segment is anticipated to dominate the sachet packaging market by pack size. The most used standard size for sachet sampling and single use is 7.5 ml, which falls in the 1 ml – 10 ml range, making it the most attractive market sub-segment by pack size. The 1 ml – 10 ml sub-segment is anticipated to witness unprecedented growth over the forecast period, with a sharp rise by 350 basis points. The decline in the other segments can mainly be attributed to their size. Sachets have been largely considered for single dose applications. Larger sizes decrease that utility and therefore have been estimated to lose basis points.

Global Sachet Packaging Market Forecast

The global sachet packaging market is estimated to be valued at over US$ 7,000 Mn in 2017, and is forecasted to be valued at more than US$ 12,000 Mn by the end of 2027. This represents a CAGR of 5.8% during the forecast period of 2017-2027.

Asia Pacific region to demonstrate a strong showing in the sachet packaging market by the first half of the next decade

North America leads the sachet packaging market in terms of value and volume, owing to a highly saturated market and a large retail sector. However, APEJ region is anticipated to overtake North America and emerge as the market leader by the first half of the next decade. The global sachet packaging market is expected to witness sizeable demand mainly from emerging economies over the forecast period.

The rise in demand for single-dose packages in the pharmaceutical industry has fuelled the demand for sachets across the globe. In emerging economies, sachets are marketed to aid maximum penetration among all classes, mainly targeting the middle class. For instance, in India, shampoo sachet penetration is 95% by volume. In addition, by pack size, 1 ml – 10 ml quantity has been identified as the pack size with maximum usage across the globe. In regions such as North America and Western Europe, sachets are not used for the purpose of maximum penetration, but rather as a solution to cater to the demand for single-dose pack sizes or for product sampling purposes.

The APEJ region is anticipated to witness unprecedented growth in terms of both value and volume over the forecast period, clocking a market value CAGR of a stunning 9.1% and market volume CAGR of 8.6%. The APEJ market is estimated to grow 2.3x its current volume, outdoing the other regions. It is therefore expected that the industry outlook for the global sachet packaging market will remain largely positive over the forecast period.

Read More