Sachet Packaging Market is Expected to Witness a CAGR of ~6% During the Forecast Period of 2019 to 2027
July 28, 2019Future Market Insights (FMI), in its new study, outlines the growth prospects of the sachet packaging market for the forecast period, 2019-2027. According to the report, worldwide sales of sachet packaging reached 855 billion units in 2018, equaling revenues worth US$ 7.7 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”.
