The global monodose packs market growth is expanding at a CAGR of 14.9% over the forecast period 2021-2030. The market is anticipated to be driven by the remarkable production growth, resulting from the rapid consumption of pharmaceutical, cosmetics, and food & beverage products across various regions of the globe.
The launch of monodose packs has become a revolution across diverse industries. Monodose packs, also identified as single dose or unit dose packs, have given pharmaceutical companies, hospitals, and patients more regulator over their treatment needs, while concurrently reducing large waste. Monodose packs has also befall a popular packaging type used by cosmetics & personal care, and food & beverages companies due to its minor, easy to transport small size. Manufacturers of monodose packs nearly serve every end-use industry, including food & beverages, pharmaceuticals, cosmetics & personal care, home care & toiletries, chemicals, and other industries.
Monodose packs are one of the rapidly expanding segments in the packaging industry. The unit measures of monodose packs are anticipating a heavy demand for the structure of the pharmaceutical packaging segment with itemized delivery of the drug. The rise in the demand for the global packaging industry and preference for customized monodose packs with robust seal and reusability are proving favorable for the global market. Moreover, the growing use of tiny packaged product sizes such as sachets, stick packs, and blister packs are some important factors contributing to market growth. The present market is moving at a sluggish pace due to the limited supply chain and restricted manufacturing as the pandemic situation is yet to improve. However, rapid development of vaccination is aiding in restart of production services and increase in the demand for vials and blister packs are anticipated to drive the monodose packs market once the pandemic is over.
Need of Anti-counterfeit to Shape Developments in Monodose Packs Market
Barcodes on the monodose packs in the pharmaceutical sector are used to identify each individual dose and the counterfeit products by tracking the products in hospitals, which, in turn, ensures patient safety. The barcode includes identification of the drug by GTIN number, with expiry date and batch number.
The use of barcode not only ensures patient safety but also reduces medication errors in the logistics and supply chain of hospitals. The use of barcodes has numerous benefits such as faster alerts and better medication recalls, to reduce staff costs and manage raw material costs for repackaging of pharmaceutical products. All these factors are likely to offer enormous growth opportunities to monodose packs manufacturers in terms of revenue generation.
Slightly Higher Manufacturing Cost to Hamper Market Growth
The global monodose packs market might potentially be hampered by the lack of technological advancements in manufacturing of monodose packs. In addition, manufacturing of monodose packs, especially for pharmaceutical products, requires more costly equipment and machineries to attain accurate dose or quantity measurement, and to manufacture the exact and accurate dimension of the packaging material of the stated quantity.
Most companies prefer to use plastic as an economical raw material in the production of sachets, blister packs, and mini tubes & mini jars. In developed countries, the growth outlook for the global monodose packs such as sachets is estimated to be slower in the upcoming years, due to various stringent rules and regulations imposed by government organizations on single use plastic products.
In European countries, in case of the pharmaceutical sector, the cost of monodose packs in the form of vials and ampoules is anticipated to be high, due to higher tax rates in the region. Except India and some other Asian countries, utmost other countries have greater per ml cost of stick packs and sachets as compared to larger family-size packs.
Rigid Packaging Products Anticipate Heavy Demand
The improved competitive tactics and strategic acquisitions adopted by market-leading players have improved production capacity, thereby contributing to the monodose packs market growth. The regional aspects of the monodose packs market report suggest that the developed and developing markets such as the U.S., the U.K., India, and China provide huge growth potential for healthcare, personal care, and beauty products. These regions are also witnessing a rise in foreign investment in manufacturing personal care and cosmetics products. However, owing to the leading importance of pharmaceutical advancements and propulsions in industrial production, most countries in South Asia are anticipated to grow the production rate of monodose packs, securing a steady market growth. Moreover, due to political and diplomatic upgrades, several countries have succeeded to emerge as hotspots for investors. Emerging concepts including environment-friendly monodose packs and thermoformed packaging are aiding to boost the global market in the near future.
Sachets and Stick Packs Offer Growth Potential
Distinct packs, such as sachets and stick packs, are comprehensively suitable and are becoming increasingly trendy for practically any application. In today’s hectic domain, customers not only want goods but also healthy food & beverage choices that can be consumed instantly. The on-the-go age group seeks healthy fast food cafeterias and tea & coffee shops for their variety of available options. As a substitute, an increasing number of customers is switching to products packaged in sachets and stick packs. For instance, instant drink mixes for bottled water provide great suitability, as they are easy to carry due to their lighter weight and tiny sizes. Other specific favorites are condiments such as ready-distributed spice mixtures and single-serve brews, including hot chocolate, tea, and coffee.
The hospitality business in particular relies on sachets and stick packs, where products such as tea, coffee, milk, sugar, drink mixes, yogurts, ketchup, and creamers are all packed in a suitable small size format. For non-food things such as body lotion, shower gel and shampoo single serve packaging provide the perfect product container. Other fields of use include products such as moisture absorbent and detergent that are also marketed in single portions.
COVID-19 Impact
Several decades of product innovations have helped the packaging segment to cross a trillion-dollar mark previously. However, the global crisis due to the COVID-19 pandemic in 2020 has interrupted everything as manufacturing halted, self-isolation of people in their homes, and a heavy slowdown in global trade. The pandemic is expected to append economic challenges for sachets and stick pack manufacturers, slowing down the production and supply in near future. However, it is creating various new opportunities for vials and blister pack producers, as the healthcare industry is witnessing growing demand. Despite heavy demand from end-use industries, producers are encountering various challenges in terms of insufficient funds, interrupted supply chain, and now emerging the second and mutants waves of the virus in 2021. Nevertheless, the COVID-19 crisis has led to the expansion of eCommerce for various products and consumers access the products with safety, while being in their households. This has allowed companies to continue their development through online sales channels.
The lack of technological advancements in the manufacturing of monodose packs is probable to hinder the monodose packs market. Moreover, production costs for monodose packs in the pharmaceutical sector are comparatively high from its conventional alternatives. Major factors hampering the growth of the monodose market are the use of plastic as an inexpensive raw material in the making of sachets, stick packs, blister packs, etc. Strict rules and regulations for the single-use of plastic in various regions are most likely to affect the growth of the monodose market. Moreover, due to higher tax rates, the cost for monodose packs in the form of vials and ampoules is anticipated to be high, which can be a cause of concern in the monodose packs market during the forecast period.
Report Highlights
With the increasing fast pacing of lives across the globe, the use of tiny packaged product sizes such as sachets, stick packs, and blister packs are increasing rapidly, which are more reasonable than family-sized packs. The capability, value, and superiority of packaging of products such as instant drinks, condiments, and pharmaceuticals are driving the demand.
Plastic is the most preferred material for the production of monodose packs, including sachets, blister packs, and others due to its economical and long-lasting characteristics. However, paper & paperboard is also emerging as the most promising material in the manufacturing of daily life and on-the-go products, due to their sustainable nature.
Pharmaceutical and cosmetics & personal care end-use segments are anticipated to offer remarkable growth opportunities for players operating in the monodose packs market. Pain relievers and cold & flu medications in pharmaceutical and skincare and hair care products are in high demand that is likely to generate huge openings for manufactures.
Cumulatively, North America and Europe are anticipated to account for over half of the global monodose packs market by 2030. The growing number of domestic manufacturers and rising demand from food & beverage and pharmaceuticals industries are expected to drive the monodose packs market growth in these regions.
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global monodose packs market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
Some of the key players operating in the global monodose packs market are Gerresheimer AG, Berry Global, Inc., AptarGroup, Inc., Amcor plc, UDG Healthcare plc, Huhtamaki Flexible Packaging, Schott AG, SGD S.A., Stevanato Group S.p.a., Nipro Corporation, Klockner Pentaplast Group, Constantia Flexibles Group GmbH, Winpak Ltd., Piramal Glass Private Limited, Hindustan National Glass & Industries Limited, ProAmpac LLC, Sonic Packaging Industries, Montebello Packaging Inc., Frigo Glass, and Glenroy, Inc.
Market Segmentation
By Packaging Type
By Material Type
By Product Form
By End Use
By Region
This report focuses on monodose packs market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall monodose packs market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global monodose packs market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global monodose packs market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the monodose packs market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of monodose packs are as follows:
Research Methodology
The research methodology adopted by analysts for compiling the global monodose packs market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global monodose packs market.
The study objectives of this report are: