Portland, OR, Nov. 09, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global retort pouch market generated $6.7 billion in 2021, and is estimated to reach $11.6 billion by 2031, witnessing a CAGR of 5.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $6.7 Billion |
| Market Size in 2031 | $11.6 Billion |
| CAGR | 5.7% |
| No. of Pages in Report | 474 |
| Segments Covered | Material Type, Packaging Type, Closure Type, End Use, and Region |
| Drivers | Increase in demand for snack and convenience foods in small or single size portions. |
| Benefits offered by retort pouches such as freshness, barrier protection, durability, printability, and simplicity of use of the product. | |
| Rise in demand for packaged food due to shift in consumer lifestyles and preferences, a growing middle class, and an increase in the number of working population. | |
| Opportunities | Increased demand for retort pouches in the food and beverages industry |
| Retort pouches are more portable, convenient, and lightweight than rigid packaging products. | |
| Restraints | Recycling of plastic packaging waste is a complex process that requires state-of-the-art infrastructural facilities and personnel expertise. |
Covid-19 Scenario:
- Retort pouches are primarily used in industries such as food & beverages, cosmetics, industrial, and personal care. During and after the pandemic-induced lockdown, a large number of people switched to online food shopping.
- The companies in the retort pouch market are incorporating several methods to increase production volume and are attempting to develop innovative solutions at an affordable price that can meet customer needs.
- The rise in public awareness about health issues is a key factor that drives the retort pouch market. Growing use of sterilizing solutions as a result of the coronavirus epidemic also drives the demand for the market.
The report offers a detailed segmentation of the global retort pouch market based on material type, packaging type, closure type, end use, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on material type, the polypropylene segment held the largest share in 2021, accounting for nearly one-third of the global retort pouch market, and would rule the roost through 2031. However, the others segment is estimated to witness the fastest CAGR of 7.0% during the forecast period. The report also mentions the polyethylene, polyamide, polyethylene terephthalate, and aluminum foil segments.
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Based on the packaging type, the flat pouches segment held the largest share in 2021, capturing nearly three-fourths of the global retort pouch market, and would lead the trail through 2031. However, the stand-up pouches segment is estimated to witness the fastest CAGR of 5.9% during the forecast period.
In terms of closure type, the tear notch segment captured the largest market share of nearly half of the global retort pouch market in 2021, and is expected to lead the trail during the forecast period. The zipper segment, however, is likely to achieve the fastest CAGR of 6.1% through 2031. The report also includes the spout segment.
In terms of end use, the food segment captured the largest market share of nearly three-fifths of the global retort pouch market in 2021 and is likely to maintain a noteworthy growth during the forecast period. However, the others segment is likely to achieve the fastest CAGR of 6.6% through 2031.
Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than two-fifths of the global retort pouch market share, and is likely to maintain its leadership status during the forecast period. Moreover, the market in the same region is expected to manifest the highest CAGR of 6.2% from 2022 to 2031. The other regions analyzed in the study include North America, Europe, and LAMEA.
Leading players of the global retort pouch market analyzed in the research include Amcor plc, ProAmpac LLC, Sonoco Products Company, Mondi plc, Coveris Holdings S.A., Clondalkin Group Holdings BV, Sealed Air Corporation, Huhtamaki Group, Constantia Flexibles, Flair Flexible Packaging Corporation, Winpak Ltd., Berry Global, Inc., Tredegar Corporation, Otsuka Holdings Co. Ltd., Sonic Packaging Industries, Inc., and IMPAK Corporation.
The report analyzes these key players of the global retort pouch market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
