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| Sachet Packaging Market |
The global Sachet Packaging Market is estimated to be valued at US$ 10475.75 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sachet packaging refers to small pre-packaged quantities or doses of products
ranging from cosmetics to food and beverages. Sachets are economical, portable,
and are ideal for travelers. Rising preference for on-the-go consumption has
increased demand for sachets.
Market key trends:
One of the major trends driving growth in the sachet packaging market is the
increasing demand for frozen snacks. Sachets are widely used for frozen snacks
as they help prevent freezer burn and moisture leakage. They provide portion
control andshelf-appeal for frozen snacks. Changing lifestyles and growing
demand for convenience foods have fueled sales of frozen snacks in sachets.
This is expected to significantly contribute to market growth over the forecast
period.
Segment Analysis
The global sachet packaging market is segmented by material, application and
region. By material type, the plastic segment dominates the market. Plastics
offer advantages such as cost-effectiveness, durability, barrier protection and
compatibility with food contact. By application, the food segment dominates the
market. Sachets are ideal for food packaging as they help extend shelf life and
provide portion control.
Key Takeaways
The global Sachet
Packaging Market Size is
expected to witness high growth, exhibiting CAGR of 6.1% over the forecast period, due to increasing demand for
small-volume flexible packaging from end-use industries such as
pharmaceuticals, personal care, and food.
Regional analysis
Asia Pacific dominates the global sachet packaging market and is expected to
continue its dominance over the forecast period. Growing consumption of
packaged food & beverages and personal care products in developing
countries such as India and China fuel the market growth in this region. Europe
and North America hold significant shares as well owing to high demand for
small-portioned flexible packaging.
Key players
Key players operating in the sachet packaging market are Amcor Limited, Bemis
Company, Inc., Constantia, Sonoco Products Company, Huhtamaki Group, Mondi,
Sealed Air Corporation, RCP Ranstadt GmbH, and Clondalkin Group. Amcor Limited
and Bemis Company enjoy leading positions due to their expansive geographical
presence and product portfolios.
Read More,
https://www.insightprobing.com/sachet-packaging-market-trends-size-and-share-analysis/
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