A retort pouch is a three-layered laminate made of plastic and metal foil while possessing a long shelf-life. They are usually equipped with 3 or 4 wide seals that are created by the process of aseptic processing. This allows for sterile packaging of a wide variety of drinks that can be stored, such as water to fully cooked, thermo-stabilized meals, and ready-to-eat meals. Advantages that a retort pouch has over the traditional packaging method are the shape profile, uniform distribution of heat, and longer shelf life.
A large portion of the working population is acclimated to a busy and moving lifestyle, which leads them to consume convenient and ready-to-eat meals. This gives rise to consumption patterns that favor the growth of the global retort pouch market. Additionally, the inclusion of healthy and nutritional benefits coupled with rising healthy and conscious awareness will further give rise to a potential revenue stream for the market's growth.
Increased shelf life within retort pouch products and the added ability to not require additional refrigeration or freezing will further add to the market volume. Products stored within retort pouches can be easily stored in compact or enclosed spaces. This can give rise to stockpiling in times of crisis, further adding value to the market value of the global retort pouch.
Got questions about your regional growth of
Retort Pouch Market?
Just drop us a line or call on +1 646 480 7505
COVID-19 affected global world trades and business sectors as regular lockdowns and restrictions of movement on the general population were imposed to curb the spread of the virus. The pandemic's epicenter was formed in China, which is a global manufacturing hub. This absence of Chinese manufacturing capabilities heavily created a gap in the demand/supply chain. However, many manufacturers and producers were opting to move their hubs to nearby regions, taking the stress away from the accumulated supply chain and creating efficiency. The shutdown of physical stores led to low sales volume. However, the redistribution through e-commerce channels counteracted the negative impact on the market.
Asia-Pacific accounted for the largest market share during the forecast period, with an estimated market value of USD 3,047.8 million in 2030, registering a CAGR of 8.9%. Factors such as the changing lifestyle of the working population and the increasing adoption of ready-to-eat meals will contribute to the market's growth. China will account for the largest benefactor within the region, with an estimated value of USD 1,534.7 million in 2030.
Europe will occupy a significant market share of USD 1,197.7 million in 2021 and will grow to a value of USD 2,174.8 million in 2030, with a CAGR of 7.2%. The presence of dominant food and beverage players in the region and the increasing adoption of flexible packaging will contribute to the market's growth during the forecast.
North America registered a market value of USD 1,084.3 million in 2021 and will grow to an approximate value of USD 1,985.8 million in 2030, with a CAGR of 6.9% during the forecast. Increasing consumption of ready-to-cook and ready-to-eat meals and a shifting trend of retort pouches as packaging alternatives will foster market growth. Central and South America held a market value of USD 236.82 million in 2021 and will grow to a value of USD 423.7 million in 2030 with a CAGR of 7.5%.
The dominant players in the global retort pouch market are Amcor plc, Mondi, Constantia Flexible, Sonoco Products Company, Coveris, Sealed Air, Huhtamamaki, Winpak, Fujimori Kogyo Co. Ltd, Clondalkin Group, Flair Flexible Packaging Corporation, DNP America, LLC, Clifton Packaging Group Limited, HPM Global Inc., Floeter India Retort Pouches (P) Ltd, and ProAmpac, among others.
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now