diff --git a/HISTORY.rst b/HISTORY.rst
index 19241e89..adf17a64 100644
--- a/HISTORY.rst
+++ b/HISTORY.rst
@@ -18,6 +18,7 @@ PlatformIO Core 6
 
 * Speeded up device port finder by avoiding loading board HWIDs from development platforms
 * Improved caching of build metadata in debug mode
+* Fixed an issue when `pio pkg install --storage-dir <https://docs.platformio.org/en/latest/core/userguide/pkg/cmd_install.html>`__ command requires PlatformIO project (`issue #4410 <https://github.com/platformio/platformio-core/issues/4410>`_)
 
 6.1.4 (2022-08-12)
 ~~~~~~~~~~~~~~~~~~
diff --git a/platformio/package/commands/install.py b/platformio/package/commands/install.py
index ecfbe7bb..6041e357 100644
--- a/platformio/package/commands/install.py
+++ b/platformio/package/commands/install.py
@@ -61,7 +61,7 @@ from platformio.test.runners.factory import TestRunnerFactory
 @click.option("-f", "--force", is_flag=True, help="Reinstall package if it exists")
 @click.option("-s", "--silent", is_flag=True, help="Suppress progress reporting")
 def package_install_cmd(**options):
-    if options.get("global"):
+    if options.get("global") or options.get("storage_dir"):
         install_global_dependencies(options)
     else:
         install_project_dependencies(options)