Research Reports
Sachet Packaging Market US$ 8.7 Bn in 2031 – FMI
Global Banking & Finance Review®
Company
The sachet packaging market is set to reach $8.7 billion by 2031, driven by demand in FMCG and pharmaceuticals, despite environmental concerns.
Future Market Insights (FMI), in its new study, outlines the growth prospects of the sachet packaging market for the forecast period, 2021-2031. According to the report, worldwide sales of sachet packaging reached 999 billion units in 2021, equaling revenues worth US$ 8.7 Bn.
On-the-go culture continues to attest the convenience quotient of sachet packaging over other formats, which is further backed by a sizeable number of FMCG manufacturers who are opting for sachet marketing as a winning strategy. However, emergence of alternative flexible packaging solutions, such as stick packs or pouches, remain the potential threat to the growth of sachet packaging market as they require relatively less raw material.
“Launching small-sized, one-time use product sachets has helped brands survive the retail revolution over the recent years. With technology innovations in packaging machinery are making a strong attempt to overcome the longstanding drawbacks facing the packaging industry, such as poor productivity, the FMI study finds that sachet packaging is rapidly emerging as a way to increase profit margins, as it requires lesser volumes to be filled in packages”.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-4469
Opportunities in Pharmaceutical Packaging Hinting Positive Prospects
The sachet packaging market is likely to expand at a CAGR of ~5.8% over the course of next eight years. First-time buyers have been the primary target for manufacturers selling products in small-sized sachets, according to the report. Furthermore, as modern consumers continue to develop interest in functional packaging, several brands are incorporating sachet packaging into their product marketing strategies, emphasizing increased number of trials and promotions.
Opportunities abound for sachet packaging market players in low-income countries, as retailers in these nations are adopting the small packaging trend over bulk packaging, target untapped consumer population. A growing focus of companies on increasing accessibility and affordability of products to ultimately penetrate new markets, has been significantly favoring the demand for sachet packaging.
Growth prospects of the sachet packaging market, as the report opines, are high in developing countries of Asia Pacific, accounting for one-third share of the total revenues. The growing importance of single-serve packaging among consumers for a multitude of products, especially cosmetics, personal care, and FMCG, has enabled market players to firm up within the region. Lighter, portable, and cost-effective nature of sachets continue to make sachet packaging an attractive proposition for the low-income consumers as well as young and active millennials.
According to the study, single-unit-use of sachets for pharmaceutical products is emerging as an effective way to overcome challenges posed by shorter shelf life or inaccurate doses. With increased healthcare expenditure and growing need for effective packaging which are child-resistant and senior-friendly, sachet packaging will have more ground to cover in the pharmaceutical sector. Sensing the potential growth opportunities, market players are focusing on investing in pharmaceutical machinery for sachet packaging format to facilitate ease of use and improved medicine management.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/4469
The study identifies restraints that could possibly create a hindrance in the growth of sachet packaging market. Single unit packages give access to high quality products at low prices and allow brands to gain significant profit and market share. However, they have become a waste nightmare, filling landfills and oceans. Several ‘zero-waste’ groups have been promoting innovative solutions to brands to replace sachets, while huge section of demographic in developed regions in North America and Europe continue to prefer bottles and large pack sizes.
FMI’s analysis further provides an incisive outlook of the competitive landscape, including discussions on the winning imperatives of the market players. In addition to expansion of existing capabilities, a number of stakeholders are following the strategy of consumer retention by offering customized solutions for product filling and management.
Explore FMI’s Extensive Coverage on the Packaging Domain
Glassine Paper Market: Future Market Insights (FMI) provides a deeper insights on the new trends of global Glassine Paper Market while incorporating the impact of ongoing trends, and growth & restraining factors during the forecast period of 2021 to 2031. Market dynamics have been presented on the basis of prominent drivers, trends and opportunities prevailing across key geographies for the aforementioned decade.
Aerosol Sprayers Market: ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) provides incisive coverage on the global aerosol sprayers market over the forecast period of 2021 and 2031. Additionally, to find the effect of COVID-19 on the aerosol sprayers market in general, the study monitor global aerosol sprayers’ sales in 20+ high-growth markets and addresses their end-user in particular.
Aerosol dispensing systems Market: ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers in-depth insights on key factors of global aerosol dispensing systems market. The study offers detailed study on key trends that influence the demand for aerosol dispensing systems. The report covers global demand in more than 20 high potential markets, in addition to an in-depth analysis of the impact of COVID-19 on the global shell and heat exchangers market.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
The article discusses the growth prospects of the sachet packaging market, projected to reach $8.7 billion by 2031.
The FMCG and pharmaceutical sectors are key drivers of the sachet packaging market growth.
Sachet packaging contributes to waste in landfills and oceans, raising environmental concerns.
Explore more articles in the Research Reports category
