Retort Pouches Market Size is Projected to Reach US$ 2.6 Billion by 2027, Industry CAGR 8.53% | IMARC Group
According to the latest report by IMARC Group, titled “Retort Pouches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global retort pouches market size reached US$ 1.6 Billion in 2021.Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2027, exhibiting a CAGR of 8.53% during 2022-2027.
Retort pouches are heat-resistant bags laminated with multiple layers of flexible plastic and metal foil which can withstand high temperature and intense pressure. The lightweight PET films in these pouches prevent air and moisture from entering and spoiling the content of the pouch. As retort pouches are easy to use and consume limited space, they are extensively being used as a substitute for metal and glass containers in the food packaging industry. Further, due to their add-on features likes spouts, release valves, tear notches, slider closures with end-clips, resealable zippers, and handles; retort pouches are gaining traction among consumers across the globe.
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Global Retort Pouches Market Trends:
Rapid urbanization, inflating disposable incomes, hectic schedules and changing dietary preferences of the working population have led to an increase in the sales of packaged and single-serve food products, such as milk, yogurt, and juice, which, in turn, have provided thrust to the growth of the retort pouches market. Additionally, high-barrier flexible packaging method is gaining popularity among end-users as it improves the shelf life of products and provides better performance. Apart from this, several companies prefer to use retort pouch packaging for brand differentiation as these pouches offer aesthetic appeal, customizable packaging and convenient labelling solutions. Further, vendors are constantly improving their equipment and investing heavily in new production methods. For instance, they are purchasing filling and forming machines to increase the output capacity.
Global Retort Pouches Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global retort pouches market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Otsuka Holdings Co. Ltd.
• Berry Plastics Corporation
• Mondi PLC
• Amcor Limited
• Sonoco Products Company
• Astrapak Ltd
• Coveris
• Bemis Company, Inc
• Tredegar Corporation
• Sealed Air Corporation
• Huhtamaki Group
• Clifton Packaging Group Ltd.
• Foshan Nanhai LD Packaging Co., Ltd
• Constantia Flexibles International GmbH
• ProAmpac
• Alliedflex Technologies Ltd
• Flexi-Pack Ltd., etc.
Key Market Segmentation:
Breakup by Product Type:
- Stand-up Pouches
• Spouted Pouches
• Zipper Pouches
• Pillow Pack
• 3-Side Sealed
Breakup by Capacity:
- Low
• Medium
• High
Breakup by Closure Type:
- With Cap
• Without Cap
Breakup by Material Type:
- Polypropylene
• Aluminum Foil
• Polyester
• Nylon
• Paper & Paperboard
• Others
Breakup by Application:
- Food and Beverage
• Healthcare
Breakup by Region:
- Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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