Sachet Packaging Market is Estimated to Witness Significant Growth due to Increasing Demand for Convenient Packaging
The sachet packaging market involves small, single-use packets/pouches used for packaging various consumer goods including food items, personal care products, pharmaceuticals, and other liquid or solid consumer products. Sachet packaging is convenient, affordable, and easy-to-use. These packets allow consumer products to be available in small quantities for trial purposes or single use.
The global sachet packaging market is estimated to be valued at US$ 9.22 Bn in 2024 and is expected to reach US$ 13.32 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Key Takeaways
Key players operating in the sachet packaging are Fluorsid (British Fluorspar), Canada Fluorspar, China Kings Resources Group Co. Ltd, Kenya Fluorspar, Koura, Masan Resources, MINCHEM IMPEX India Private Limited, Minersa Group, Mongolrostsvetmet LLC, RUSAL, Sallies Ltd, Steyuan Mineral Resources Group Ltd, and Seaforth Mineral & Ore Co.
The key opportunities in the Sachet Packaging Market Demand include increasing demand from FMCG and pharmaceutical industries for small quantity affordable packaging and developing more sustainable packaging material alternatives. Innovation in packaging material and development of customized sizes as per need are important technological advancements.
Market Drivers
The increasing disposable income and changing consumption patterns of consumers have led to a rise in demand for convenient and affordable small-quantity packaged products. Sachet packaging allows consumer product companies to offer products in smaller quantities to target price-sensitive customers. Stringent regulations regarding product tampering and rising demand for single-serve packaging from various end-use industries are expected to propel the sachet packaging market growth over the forecast period.
Current Challenges in Sachet Packaging Market
Sachet packaging market is witnessing significant growth due to increasing demand for small and affordable packaging from consumers all over the world. However, there are some challenges which are restricting the growth of this market. One of the major challenges is proper collection and disposal of sachet packaging waste. Since sachets are made up of thin layers of aluminium or plastic, they are difficult to recycle. Improper collection and disposal of sachet wastes leads to environmental pollution. Another challenge is maintaining integrity and barrier properties of sachets to prevent contamination or leakage of products during transportation and storage. Sachet packages being very small in size, provide limited space for printing product details and information. Lack of government regulations regarding standardization of sachet packaging sizes in different countries is also a challenge for manufacturers. High cost of machinery required for sachet packaging production and filling is also restricting the entry of new players in this market.
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