Consumers today have changing needs and preferences looking for a more convenient choice in terms of price and quality with a major focus on functionality of packaging for products such as drinks, food, pharmaceuticals and many more. This need had developed small product sizes, such as sachets which refers to small sealed bag or packet containing a small quantity of material.
Factors such as changing consumer demands for pack style modifications is a key factor driving growth of the global sachet packaging market. The customers are focused on convenience and choice of carrying and consuming on-the-go. Moreover, growing trend of nuclear families has reduced the large quantity packaging demand. In addition, people migrating from rural to urban areas, results in less food storage capacity, which subsequently creates high need for more convenient packages. However, alternatives such as flexible packaging and stick packaging may hamper growth of the market to a certain extent.
Sachets adoption in various applications is the ongoing trend observed, which is expected to support market growth in the near future. Companies are majorly adopting sachets for advertising campaigns as free distribution of product samples among consumers, to create product awareness. The market players are engaged in developing more convenient solutions such as development of emitting sachets such as ozone emitting sachets and ethanol emitting sachets, which can be a potential opportunity for market players over the forecast period.
The global sachet packaging market report has been segmented on the basis of pack size, type, application, and region. On the basis of region, the global sachet packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The North America market dominates the global sachet packaging market in terms of revenue owing to presence of large retail sector. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing applications such as cosmetics, personal care products, pharmaceuticals, food and beverages, and consumer goods which are expected to boost growth of the global sachet packaging market.
Prominent players in the global sachet packaging market include Amcor Limited, Bosch GmbH, Bemis Company, Inc., Reynolds Group, Huhtamaki Group, Sonoco Products, Sealed Air Corporation, Mondi Group, Clondalkin Group Holdings B.V. and Coveris Holdings S.A.