Bharat Book Bureau Provides the Trending Market Research Report on “Global Retort Pouches Market Report and Forecast 2022-2027” under the Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
Global Retort Pouches Market Report and Forecast 2022-2027
According to the report, the global retort pouches market attained a value of USD 1578 million in 2021. Aided by the unique properties of the product attracting the packaging industry players, the market is projected to further grow at a CAGR of 7.3% between 2022 and 2027 to reach a value of USD 2392 million by 2027.
Retort pouch is a packaging pouch with several layers, which makes it different from other packaging types. The outer layer is made up of polyester, aluminium layer in the middle, and polypropylene layer in the inner part. This pouch is used to store food items with low acidity to maintain their shelf life by providing them with strong barrier against the external environment. The greater seal integrity and high resistance to puncture are among the unique properties of this pouch which are primarily driving the retort pouches market.
The thriving food and beverage industry leading to a heightened demand for ready-to-eat products, such as fish food and instant noodles, is propelling the demand for retort pouches. These pouches preserve the taste, colour, and flavour of the food, which makes it a popular choice among the premium food manufacturers and consumers inclined towards superior quality food and beverage products.
Retort pouches save the shelf space and keep the heat away from the food product. In this regard, these pouches are anticipated to witness steady demand in retail stores. In addition to this, retort pouch also aids the home makers by reducing the fuss out of storing food. Hence, the demand for the product from household sector is anticipated to increase in the coming years, thereby, bolstering the retort pouch market.
Over the forecast period, the anticipated increase in investments in the research and development activities by the major market players aimed towards developing unique and innovative packaging with refreshing contents are boosting the popularity of the product. The sale of retort pouches is likely to be propelled by the flourishing e-commerce industry, which is dedicated towards delivering ready-to-cook and ready-made food products packaged in retort pouches.
Furthermore, the ongoing transformations in the packaging industry are likely to be the crucial trends in the retort pouch market. These transformations are encouraging responsible packaging methods, which in turn, are increasing the use of recyclable retort pouches. For instance, recyclable retort pet food pouch is one of the recent innovations adding numbers to the market.
In terms of region, Europe accounts for a significant share of the market, driven by the heavy presence of major packaging innovators and food manufacturers. The growing collaborations across the region aimed towards developing sustainable packaging solutions are likely to drive the market growth significantly. In addition, the increasing demand for ready-to-eat meals in the region is further propelling the demand for the product, leading to a bolstered growth of retort pouch market.
The market can be divided on the basis of product type, packaging type, closure type, material type, application, and major region.
Market Breakup by Product Type
Market Bifurcation by Packaging Type
Market Segmentation by Closure Type
Market Classification by Material Type
•Paper and Paperboard
Market Breakup by Application
•Food and Beverages
Market Breakup by Region
•Middle East and Africa
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the companies. Some of the major key players explored in the report are as follows:
•Sonoco Products Company
•Berry Global Inc.
•Otsuka Holdings Co., Limited
•Bemis Company, Inc.
*We always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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