Sachet Packaging Market

products, pharmaceuticals, food and beverages, and consumer goods. According to
India Brand Equity Foundation (IBEF), an initiative by Ministry of Commerce &
Industry, Government of India, fast-moving consumer goods (FMCG) market in India
is estimated to register a CAGR of 20.6% to reach around US$ 103.7 billion by 2020,
from US$ 49 billion in 2016. Major segments of FMCG in India include around 50%
household and personal care, 31% healthcare, and 19% food and beverages.
Growth of FMCG segments is in turn, expected to drive growth of the sachet
packaging market.
North America is the second-largest market for sachet packaging due to increasing
demand from end-use industries including food and beverages, cosmetics, personal
care products, and pharmaceuticals and presence of large retail sector.. The total
food stores sales in Canada was US$ 115,561 million in 2015, which increased to
US$ 118,859 million in 2016, according to Ministry of Food Agriculture and Rural
Affairs, Ontario. Significant demand for sachet packaging in this region is attributed
to the growing food sector.
Europe is a lucrative market for sachet packaging, owing to the presence of the
largest cosmetic industry in the region. Germany holds the largest market for
cosmetics, which was valued at US$ 15.39 billion, followed by U.K, which was
valued at US$ 13.62 billion in 2015, according to Cosmetics Europe, The Personal
Care Association, trade association for European cosmetics and personal care
products. Cosmetics being the largest application for sachet packaging, the region is
expected to witness lucrative growth during the forecast period (2017 – 2025).
Various companies are developing new technologies that are contributing to growth
of the sachet packaging market. For instances, in May 2017, Unilever introduced
new technology called CreaSolv Process to recycle sachet waste, in which sachets
would be converted to plastics and reused. This would decrease the waste
generated by plastic sachets.
Major players operating in the sachet packaging market include Amcor Limited,
Bemis Company, Inc., Constantia, Sonoco Products Company, Huhtamaki Group,
Mondi, Sealed Air Corporation, RCP Ranstadt GmbH, and Clondalkin Group.
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