+971 (0) 4 368 1644 from 8 AM - 5:30 PM GMT
+971 (0) 4 368 1644 from 8 AM - 5:30 PM GMT
DUBAI , U.A.E, Sept. 15, 2021 /PRNewswire/ -- According to a study conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global sachet packaging market is poised to total US$ 8.7 Bn by the end of 2021. With rising demand for convenient and small-sized packaging solutions across the globe, the market for sachet packaging is set to project a 5.4% of year-on-year (YoY) growth in the year 2021.
Between 2016 and 2020, the market grew at a CAGR of 5%. Driven by low cost, recyclable, customizable, and portability features, sachet packaging is gaining immense traction across end use such as food & beverage, lubricants & solvents, pharmaceuticals, cosmetic and personal care, and industrial. Driven by this, the sachet packing market is estimated to exhibit healthy growth at a CAGR of 5.8% over the forecast period 2021-2031.
Rapidly emerging trends such as 'single-serve dose packaging' and 'buying less, more often' among customers for products such as shampoo, oil, tea, coffee, cream, and others are expected to create lucrative sales opportunities for the market players.
Despite the intolerance for use of plastic, plastic is the most preferred material type used for sachet packaging. Due to its cost-effective, flexible, and durability characteristics, it is highly accepted among manufacturers for a wide range of applications.
For more insights into the Market, Request a Sample of this [email protected] https://www.futuremarketinsights.com/reports/sample/rep-gb-4469
"While scrutiny on the industry-wide applications of plastic for packaging continues to influence expansion strategies of manufacturers, some of the market players are shifting their focus to other, non-plastic, bio-degradable, and recyclable raw materials, such as aluminum foil," says the FMI analyst.
Key Takeaways from FMI's Sachet Packing Market Analysis
For information on the Research Approach used in the Report, Request [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-4469
The sachet packaging is highly fragmented and competitive in nature due to the presence of large number of players in the landscape. As per FMI, the top five players are likely to account for about 10% to 15% of the global market share in 2021.
Leading companies in market are emphasizing on adopting organic growth strategies such as product launches and product approvals. Some of the players are also engaging into collaborations and mergers and acquisitions to gain a competitive edge over other players. For instance,
Some of the leading players operating in the sachet packaging market profiled by FMI are:
More Valuable Insights on Sachet Packaging Market Report
The latest market study on the sachet packaging market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global sachet packaging market potential, its growth, trends, and opportunities, the market is segmented on the basis of:
Contact Sales for Further Assistance in Purchasing this [email protected] https://www.futuremarketinsights.com/checkout/4469
Key Questions Covered in Sachet Packaging Market Report
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.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai , and has delivery centers in the UK, U.S. and India . FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact: Abhishek Budholiya Future Market Insights, 1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A, Jumeirah Lakes Towers, Dubai , United Arab Emirates For Sales Enquiries: [email protected] For Media Enquiries: [email protected] Website: https://www.futuremarketinsights.com/ Report: https://www.futuremarketinsights.com/reports/sachet-packaging-market Press Release Source: https://www.futuremarketinsights.com/press-release/sachet-packaging-market
Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg
More news releases in similar topics
+971 (0) 4 368 1644 from 8 AM - 5:30 PM GMT