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The retort pouches market size is forecast to increase by USD 732.53 million, at a CAGR of 7.59% between 2022 and 2027. Market growth is influenced by several factors, notably the escalating demand for packaging solutions within the food industry, driven by evolving consumer preferences and regulatory standards. Additionally, developing countries are increasingly contributing to market expansion, fueling demand for packaging materials to support their growing economies. Moreover, there's a rising emphasis on lightweight packaging solutions, reflecting industry efforts towards sustainability and cost-efficiency. These factors collectively drive the growth trajectory of the packaging market. Furthermore, the report includes historic market data from 2017 to 2021.
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This report extensively covers market segmentation by application (curry and sauces, pet food, ready-to-eat food, seafood, and others), type (tear notch, zipper, and spout), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the curry and sauces segment will be significant during the forecast period. Companies in the market for curry and sauces are gaining recognition for their portfolio, which is boosting them to provide more customer-driven solutions. For instance, in 2016, Ampac received an AmeriStar Award for its Dukes Mayonnaise reclosable stand-up pouch. Also, companies are offering innovative solutions to gain a competitive edge in the market. For instance, Ampac provides Campbells skillet sauce pouches, which have rotogravure-printed, stand-up-shaped solutions.
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The curry and sauces segment was valued at USD 396.68 million in 2017 and continue to grow by 2021. Cuisine manufacturers are offering innovative and less expensive curry and sauce solutions to their customers, which require thermo-stabilized packaging solutions. In addition, food-processing companies are expanding their reach, which is driving the international purchases of retort pouches. For instance, in 2010, Del Monte, an international food production and distribution company, launched mustard sauces in India, which generated a demand for pouch packaging solutions. Thus, with a growing demand among food processors and cuisine manufacturers, the market for curry and sauces is expected to grow further during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. People in North America are time-constrained because of their busy lifestyle, which gives them less time to prepare food at home. So, they mostly prefer convenience foods. In 2019, the majority of the budget household food shopping in the US was spent on convenient foods, such as ready-to-eat foods. Moreover, the market in North America is growing because of the demand generated from baby food and pet food packaging. The pet food packaging market in the US is expected to grow at a steady CAGR during the forecast period.
The market is propelled by shifting consumer lifestyle and the rise of the middle-class population seeking convenience. Catering to busy working people, these pouches preserve a variety of packaged foods including meat, offering lightweight alternatives to traditional packaging like metal cans. With a focus on reducing food spoilage and extending shelf life, manufacturers employ materials like polypropylene, polyethylene, and polyamide, ensuring puncture and abrasion resistance while providing heat stabilization and dimensional stability during transportation. Equipped with a barrier layer to prevent odors and moisture, retort pouches maintain nutritional value and taste, optimizing package space and enhancing food preservation. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand from developing countries is the key factor driving the market growth. Developing countries such as India and China are largely involved in the food packaging industry, which contributes to the growth of the global retort bag market. This is due to increasing disposable income and urbanization in these countries, which creates demand for healthy lifestyles and safe packaging solutions. Further, the changing consumer lifestyle, particularly among the middle class population, has driven the demand for products with features such as lightweight design, high stiffness, and puncture resistance, which optimize performance while considering factors like surface-to-volume ratio.
Furthermore, the growing trend for the import of packaging materials, primarily plastic, is observed in developing countries, which is leading to an increase in demand for plastic packaging. With the growing food and beverages industry and rising demand for packaging materials in developing countries, the demand for food packaging is also increasing, leading to the growth of the market during the forecast period.
Developments in the market are the primary trend shaping the growth. In the constantly changing market conditions, companies focus on innovation and the ability to bring something new to the world to stay ahead of the competition. Global retort bag suppliers offer state-of-the-art solutions to help them gain a competitive edge.
In addition, companies in laminating and printing are offering innovative solutions for retort packaging. For instance, Toyo Ink, a provider of printing inks, colorants, and functional materials, offers REXTA, which is a solvent-based flexographic lamination ink used for the high-heat boil, high-pressure, and retort applications. Such developments are providing a competitive advantage to the companies, thereby helping the growth of the market.
The availability of substitutes is a major challenge to the market growth. Several substitutes are available for retort packaging, which is a challenge for the global retort bag market. These consist of trays, boxes, vacuum packaging, and retort cans, which form a significant part of the global retort packaging market. In addition, the demand for retort containers is also increasing because they are waterproof and prevent food from spilling. In addition, the trays prevent contact with air and other gases and thus guarantee food safety.
Moreover, the demand for retort cartons is growing because of several reasons. The basic raw materials used for the manufacturing of retort cartons consist of paper, timber, pulp, other similar forest materials, and polymer laminate structures. Most of these raw materials can be easily recycled. Paper and paperboard materials are primarily used for blocking, preserving, bracing, and cushioning products. These aspects are leading to the growth of the global retort trays and cartons market, making it a challenge for the market.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Berry Global Group Inc.- The company offers retort pouches that are ideal for a wide variety of heavier products, including confections, snacks, cookies, crackers, powdered products, coffee, pet food, frozen food, and household and personal care.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is witnessing significant growth due to its numerous advantages such as lightweight, portability, and efficient retorting process for preserving prepared food. These pouches, made from materials like polyethylene terephthalate (PET) and aluminum foil, ensure optimal temperature control and protection against microorganisms. With features like flexible storage and on-the-go consumption, they cater to changing consumer lifestyles and preferences, especially among the growing middle class and rising number of working people. The use of PET as an outer layer enhances freshness and shelf-life, while attractive graphics and convenience factors make them increasingly popular for storage and transportation needs.
Further, the market is thriving, driven by its lightweight design and advanced features. These pouches undergo sterilization using an autoclave or retort machine, ensuring food safety. With a sealing layer and PET as an outer layer, they offer high strength and non-reactivity, ensuring product integrity. Additionally, their printable surface allows for attractive branding. As consumer lifestyles evolve, the demand for flexible, recyclable packaging grows, especially among the growing middle class. Retort pouches address concerns about shelf-life and are replacing traditional rigid packaging like plastic laminates and aluminum retort pouches due to their flexibility and sustainability.
Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.59% |
Market growth 2023-2027 |
USD 732.53 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.19 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amcor Plc, Berry Global Group Inc., Clifton Packaging Group Ltd., Clondalkin Group Holdings BV, Constantia Flexibles Group GmbH, Coveris Management GmbH, Dai Nippon Printing Co. Ltd., FLAIR Flexible Packaging Corp., Floeter India Retort Pouches P Ltd., Fujimori Kogyo Co. Ltd., HPM Global Inc., Huhtamaki Oyj, Logos Packaging Holdings Ltd., Mondi plc, Polymer Packaging Inc., Printpack Inc., ProAmpac Intermediate Inc., Sealed Air Corp., Sonoco Products Co., and Winpak Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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