The North America Retort Pouch Market is expected to grow at a significant rate with a CAGR of 6.4% to a total value of 1906 million USD in 2030.
A retort pouch, also known as a retort able pouch, is a type of food packaging constructed of flexible plastic and metal foil laminate. It is utilized as an alternative to standard industrial canning methods for the sterile packing of a wide variety of food and drink handled by aseptic processing. Packaged foods range from water to fully cooked, thermo-stabilized (heat-treated), high-calorie (1,300 kcal on average) meals like Meals, Ready-to-Eat (MREs), which can be eaten cold, warmed by submerging in hot water, or heated with a flameless ration heater.
North America is expected to have a large share of the market. Increased urbanization, hectic work lives, rising single-household populations, and rising consumer spending power have fuelled the expansion of pre-packaged products, which are typically packaged in stand-up retort pouches, hence acting as significant drivers for the retort pouch sector.
Polypropylene, polyethylene, polyamide, PET, aluminium foil, and other materials are used in the market. With an expected market value of USD 1,690.8 million in 2021, polypropylene will be the fastest-growing sector. It will reach a market value of USD 3,015.8 million in 2030, with an annual growth rate of 8.1%. Extreme temperature and chemical resistance, as well as expanding usage in automotive, packaging, healthcare, electronics, and building and construction, will all contribute to market expansion. Higher tensile strength, superior barrier, and cheaper cost will all contribute to the segment's value. With an expected value of USD 1,453.8 million in 2030, the PET sector will have the second-largest market share.
The market can be separated into two types of packaging: stand-up pouches and flat pouches. With a market value of USD 2,482.2 million in 2021, stand-up pouches will have the biggest market share. With a CAGR of 7.9% during the forecast period, it will reach a value of about USD 4,573.9 million in 2030. Sustainability, lightweight, and increasing printability and seal ability availability will all contribute to the segment's growth. Due to its simplicity and availability in a wide range of materials and seals, the flat pouches market is expected to reach USD 3,693.4 million in 2030.
The market can be divided into three types of closures: tear notch, zipper, and spout. With a market value of USD 1,828 million in 2021, the zipper segment will have the biggest market share during the projected period. In 2030, it will have a market value of USD 3,245.1 million. Due to the possibility to be accessed several times due to its usefulness and increased utilisation of e-commerce and on-the-go applications, the CAGR is expected to be 7.3%. With an expected market value of USD 3,137.9 million in 2030, the tear notch sector will account for the second-largest market share.
The market can be divided into food, drinks, pet food, and other categories based on application. With a market value of USD 2,499.6 million in 2021, food will hold the biggest market share over the projected period. It is expected to expand at a CAGR of 7.1%. The market will be worth USD 4,123.2 million in 2030, according to estimates. The segment's growth will be aided by factors such as increased temperature resistance and the capacity to be integrated as ready-to-eat packaging. Pet food will have the second-largest market share in 2030, with an estimated value of USD 1,701.3 million.
North America Retort Pouch Market is Expected to Hold a Significant Market Share because for the following reasons:
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