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The sachet packaging market share is expected to increase to USD 2.33 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.93%.
This sachet packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sachet packaging market segmentations by application (consumer goods, food and beverage, healthcare, and industrial) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The sachet packaging market report also offers information on several market vendors, including Amcor Plc, American Towelette Inc., Constantia Flexibles Group GmbH, Coveris Management GmbH, Huhtamaki Oyj, Mondi plc, ProAmpac Intermediate Inc., RCP Ranstadt GmbH, Sealed Air Corp., Sonoco Products Co., and Ultra Seal Corp. among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increased adoption of green packaging and sustainability options is notably driving the sachet packaging market growth, although factors such as shortage and the rising cost of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sachet packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sachet Packaging Market Driver
Key Sachet Packaging Market Trend
The above-mentioned factors will increase the adoption of active packaging emitting sachets, which will boost the growth of the global sachet packaging market during the forecast period.
Key Sachet Packaging Market Challenge
Thus, the shortage of raw materials and its rising costs is expected to hinder the growth of the global sachet packaging market during the forecast period.
This sachet packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global sachet packaging market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sachet packaging market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the sachet packaging market encompasses successful business strategies deployed by the key vendors. The sachet packaging market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The sachet packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the sachet packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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42% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the sachet packaging market in APAC. Market growth in this region will be slower than the growth of the market in North America.
The increasing expenditure on healthcare, along with the presence of well-equipped hospitals and healthcare centers will facilitate the sachet packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 hampered the growth of the sachet packaging market in North America. However, the large-scale vaccination drive and resumption of economic activities stabilized the growth of the market in the last quarter of 2020. Moreover, increasing demand for sachet packaging in the pharmaceutical industry and the emergence of eco-friendly packaging will spur the growth of the sachet packaging market in the region during the forecast period.
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The sachet packaging market share growth by the consumer goods segment will be significant during the forecast period. The consumer goods segment is expected to be the largest segment in the global sachet packaging market. In the consumer goods sector, the main category is the beauty and personal care sector. While developed regions slowed down the global growth during this period, stronger expansion remained in developing regions, especially in APAC, where larger gains in absolute growth terms are found in oral care, hair care, and skincare packaging. Such applications of consumer goods will drive the sachet packaging market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sachet packaging market size and actionable market insights on post COVID-19 impact on each segment.
Sachet Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.93% |
Market growth 2022-2026 |
$ 2.33 billion |
Market structure |
Concentrated |
YoY growth (%) |
4.11 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Amcor Plc, American Towelette Inc., Constantia Flexibles Group GmbH, Coveris Management GmbH, Huhtamaki Oyj, Mondi plc, ProAmpac Intermediate Inc., RCP Ranstadt GmbH, Sealed Air Corp., Sonoco Products Co., and Ultra Seal Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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