Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.69 Billion | USD 7.90 Billion | 5.3% | 2023 |
According to the report published by Zion Market Research, the global Retort Pouches Market size was valued at USD 4.69 Billion in 2023 and is predicted to reach USD 7.90 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.3% during the forecast period. The report analyzes the global Retort Pouches Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Retort Pouches industry.
Retort pouches are considered to be heat resistant bags that are mainly utilized in the packaging of heat-treated food products. Retort pouches are usually laminated from inside with several layers of plastic films and metal foil that has the capability to resist intense pressure as well as high temperature. Nowadays, these pouches are easily accessible; they are usually transparent and light in weight polyethylene which is likely to act as a barrier to moisture and oxygen.
Retort pouches are gradually gaining momentum in demand and requirement for packaging of the food in both emerging and developed economies due to development in urbanization, augment in disposable income, increase in working-class, and so on. Furthermore, retort pouches are considered heat-resistant, and therefore due to augmented health knowledge among the customers, the demand and requirement of retort pouches are expected to grow rapidly in the coming future. Retort pouches can be utilized for printing logos for different brands to augment the brand knowledge with development in the manufactured goods sale. Retort pouches have numerous applications in frozen packaging food division, organic food packaging, pet food packaging, and so on. On the other hand, active alteration in the price of raw materials mainly utilized in the manufacturing of pouches to create indistinctness in the production of retort pouches restraints the development of the global market.
The global retort pouches market can be classified in terms of product type, which is further divided into zipper pouches, spouted pouches, stand-up pouches, and others.
In terms of material type, the market is categorized into nylon, polypropylene, polyethylene terephthalate, food grade cast polypropylene, polyester, and others.
In terms of end-user, the market is divided into food, pharmaceutical, beverages, and personal care. Food is further classified into soups and sauces, seafood, pet food, ready to eat food, baby food, and others.
Report Attributes | Report Details |
---|---|
Report Name | Retort Pouches Market |
Market Size in 2023 | USD 4.69 Billion |
Market Forecast in 2032 | USD 7.90 Billion |
Growth Rate | CAGR of 5.3% |
Number of Pages | 207 |
Key Companies Covered | Mondi Group, LLC, Sealed Air, Winpak Limited Company, Bemis Company, Inc., Sonoco Products Company, Coveris Holdings S.A, Berry Plastic Group, Inc., Ampac Holdings, Flair Flexible Packaging Corporation, and Amcor Limited, among others |
Segments Covered | By product type, By material type, By end-user, By Distribution Channel and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific region particularly the up-coming economies such as India and China are likely to see enormous development opportunities and prospects from the increasing food & beverages sector. Also, aspects such as the high requirement for food products which are packed, increasing disposable income is projected to further fuel the demand and requirement of the global market in this region in the coming future. Europe and North America region is considered to be the most developed market for retort pouches and is projected to increase its requirement and demand in the coming years. As retort pouches are considered resistant to heat, hence they are in huge demand particularly in the Middle East & African province for food products packaging.
Some of the most important market players in the retort pouches market are:
product type
By material type
By end-user
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