Retort Pouch Market Research, 2031
The global retort pouch market size was valued at $6.7 billion in 2021, and retort pouch industry is projected to reach $11.6 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.
A retort pouch is a type of food packaging made from a laminate of flexible plastic and metal foils. It allows the sterile packaging of a wide variety of food and drink handled by aseptic processing, and is used as an alternative to traditional industrial canning methods. Furthermore, it is flexible, meaning that it can handle a lot of abuse when taken away from home or on military maneuvers. Because it is flat, it takes up little space, making it easier to carry in a backpack or pocket.
Increase in demand for snack and convenience foods in small or single size portions fuels the growth of the retort pouch market. The packaging industry is moving toward retort pouch, owing to its multi-fold energy and environmental advantages. Retort pouch offers numerous advantages such as freshness, barrier protection, durability, printability, or simplicity of use of the product. Thus, the market is anticipated to experience growth during the forecast period. However, recycling of plastic packaging waste is a complex process that requires state-of-the-art infrastructural facilities. It is a time-consuming process that needs personnel expertise. This is projected to hamper the growth of the retort pouch market.
The retort pouch market is segmented on the basis of material type, packaging type, closure type, end use, and region. On the basis of material type, the market is divided into polypropylene, polyethylene, polyamide, pet, aluminum foil, and others. The polyamide segment is further bifurcated into aliphatic and aromatic. Depending on packaging type, the retort pouch market is divided into stand-up pouches and flat pouches. Depending on closure type, the retort pouch market is categorized into tear notch, zipper, and spout. By end use, the market is segmented into food, beverages, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The polypropylene segment accounted for the largest share of the retort pouch market in 2021. Polypropylene material dominated the global market in 2021, accounting for over 31.4% of the market revenue, and is expected to continue its dominance during the forecast period. Polypropylene acts as a sealing layer and provides flexibility and strength to the pouch. Polypropylene is a tough and robust plastic material that assists in retaining the freshness of various food items owing to which it is widely used in manufacturing retort pouches. These benefits of polypropylene used in retort pouch is expected to drive the market growth during the forecast period.
The flat pouches segment dominated the highest market share of around 73.1%. A flat Pouch is the perfect solution for efficient and economical packaging. The simplicity of flat pouches ensures that minimal effort is required to package and seal pouches, which save more time and money. Flat pouches have no gussets or folds and can be side welded or bottom sealed. These pouches can be customized to suit your needs of any product.
In 2021, on the basis of closure type, the tear notch segment dominated the highest market share of around 45.8%. Tear notch assists the consumer in easy opening of the pouch to access the content within the pouch. Surge in demand for single-serve packages, ready-to-eat meals, and smaller portion packages is likely to drive the growth of the segment during the forecast period. Moreover, a tear notch makes packages produced on vertical form/fill/seal baggers easier to open.
In 2021, on the basis of end use, the food segment accounted for around 56.8% of the global retort pouch market share. Food emerged as the largest application segment in 2021, accounting for nearly 56.8% of the market revenue, and is expected to continue its dominance over the forecast period. Retort pouches are widely used for packaging several food products, including soups, sauces, baby food, dry-ready meals, frozen ready meals, chilled ready meals, meal replacement products, and dairy products.
In 2021, Asia-Pacific dominated the market, accounting for almost 43.8% of the global retort pouch market share and is expected to consolidate its position throughout the forecast period. Asia-Pacific is a large consumer of retort pouch, which drives the demand for them. The rise in demand for retort pouch in pharmaceutical, and cosmetics drives the demand for retort pouch, owing to the fact that they help in easing the process of packaging and transit.
Impact of Covid-19 on Global Retort Pouch Market
Retort pouch is primarily used in food & beverages, cosmetics, industrial, and personal care. During and after the lockdown, a large number of people switched to online food shopping, a trend that will surely continue.
The companies are incorporating various techniques to increase production volume and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased fragrance product penetration sustainability.
The rise in public awareness about health issues is one of the factors propelling the retort pouch market throughout the forecast period. Increase in use of sterilizing solutions as a result of the coronavirus epidemic is also driving the demand for the overall industry.
Competitive Landscape
The key players operating in the global retort pouch market are Amcor plc, ProAmpac LLC, Sonoco Products Company, Mondi, Coveris Holdings S.A., Clondalkin Group Holdings BV, Sealed Air Corporation, Huhtamaki Group, Constantia Flexibles, Flair Retort pouch Corporation, Winpak Ltd., Berry Global Inc., Tredegar Corporation, Otsuka Holdings Co. Ltd, Sonic Packaging Industries, Inc., IMPAK Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the retort pouch market analysis from 2021 to 2031 to identify the prevailing retort pouch market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the retort pouch market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global retort pouch market trends, key players, market segments, application areas, and market growth strategies.
Retort Pouch Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 11.6 billion |
 Growth Rate | CAGR of 5.7% |
 Forecast period | 2021 - 2031 |
 Report Pages | 474 |
 By Material Type |
|
 By Packaging Type |
|
 By Closure Type |
|
 By End Use |
|
 By Region |
|
 Key Market Players | Amcor Plc, HUHTAMAKI GROUP, HPM Global Inc., FLAIR Flexible Packaging Corporation, Sopakco Packaging, Sonoco Products Company, DNP America, LLC, Winpak Ltd., Sealed Air Corporation, FUJIMORI KOGYO CO., LTD., Clifton Packaging Group Limited, CONSTANTIA FLEXIBLES, Floeter India Retort pouch (P) Ltd, Coveris Holdings S.A., Mondi plc, Clondalkin Group Holdings BV, ProAmpac LLC |
Analyst Review
According to the CXOs of the leading companies, the retort pouch market is driven by rapid increase in demand for convenience food, growing urbanization and awareness about environmental sustainability.
Furthermore, the Asia-Pacific region is projected to register robust growth, significantly from the emerging economies such as China, and India as they have huge potential with regards to the adoption of retort pouch due to changing lifestyle of consumers and increasing population of working women. However, recycling of plastic packaging waste is a complex and time-consuming process that requires state-of-the-art infrastructural facilities. This is projected to hamper the growth of the retort pouch market.
Benefits of retort pouch in food and beverages industry and increase in demand for lightweight as well as sustainable packaging are the key factors boosting the Retort pouch market growth.
The market value of Retort pouch in 2031 is expected to be $11.6 billion
Amcor plc, ProAmpac LLC, Sonoco Products Company, Mondi, Coveris Holdings S.A., Clondalkin Group Holdings BV, Sealed Air Corporation, Huhtamaki Group, Constantia Flexibles, Flair Retort pouch Corporation, Winpak Ltd., Berry Global Inc., Tredegar Corporation, Otsuka Holdings Co. Ltd, Sonic Packaging Industries, Inc., IMPAK Corporation.
Food industry is projected to increase the demand for Retort pouch Market
The retort pouch market is segmented on the basis of material type, packaging type, closure type, end use and region. On the basis of material type, the market is divided into polypropylene, polyethylene, polyamide, pet, aluminum foil, and others. Polyamide is further segmented into aliphatic and aromatic. Depending on packaging type, the retort pouch market is divided into stand-up pouches and flat pouches. Depending on closure type, the retort pouch market is divided into tear notch, zipper, and spout. By end use, the market is segmented into food, beverages, and others.
Increase in e-commerce activities and food delivery services is the Main Driver of Retort pouch Market.
The companies are incorporating various techniques to increase production volume and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased fragrance product penetration sustainability.
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