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The retort pouches market is estimated to grow at a CAGR of 7.59% between 2022 and 2027. The size of the market is forecast to increase by USD 732.53 million. The growth of the market depends on several factors, including the growing demand for packaging in the food industry, the increasing demand from developing countries, and the rising focus on lightweight packaging
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). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global retort pouches market as a part of the global metal and glass containers market within the overall global containers and packaging market. The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increasing demand from developing countries is notably driving market growth, although factors such as the availability of substitutes may impede market growth. 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.
Key Retort Pouches Market Driver
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.
A 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 global retort pouches market during the forecast period.
Significant Retort Pouches Market Trend
Developments in the global retort pouches market are the primary trend in the market. 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, vendors 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 vendors, thereby helping the growth of the global retort pouches market.
Major Retort Pouches Market Challenge
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 structure. 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 global retort pouches market.
Key Retort Pouches Market Customer Landscape
The 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Retort Pouches Market Customer Landscape
Vendors 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.
berryglobal.com - 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 vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the curry and sauces segment will be significant during the forecast period. Vendors in the global retort pouches 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, vendors 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 for retort pouches among food processors and cuisine manufacturers, the global retort pouches 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 retort pouches 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 COVID-19 outbreak adversely impacted the regional retort pouches market. However, the initiation of large-scale vaccination drives and the resumption of operations in logistics and transport industries revived the demand for retort pouches in 2021. Moreover, recommencement in operations of end-user industries such as food and beverage further increased the demand for retort pouches. Also, growth in the e-commerce industry is expected to foster the demand for retort pouches during the forecast period. Moreover, vendors in the market in focus are adopting technologies such as the Internet of packaging, active packaging, and nanotechnology. Such factors are anticipated to propel the growth of the regional market during the forecast period.
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 has been segmented 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).
Retort Pouches 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 Vendors, Market Positioning of Vendors, 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, 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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