Retort Pouch Market By Material Type (Polypropylene, Polyethylene, Polyamide, Polyethylene terephthalate, Aluminum foil, Others), By Packaging Type (Stand-up Pouches, Flat Pouches), By Closure Type (Tear Notch, Zipper, Spout), By End Use (Food, Beverages, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global retort pouch market was valued at $6.7 billion in 2021, and is projected to reach $11.6 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.
Retort is the most reliable preservative-free way to pack food & beverages. Retort pouch offers many advantages including no need to add preservatives, no need to refrigerate, taste, flavor and aroma of packed food remains intact for up to 18 months, easy to handle, easy to open, easy to re-heat, large surface area for branding, smallest amount of packaging material required to pack same volume of product, reduced weight, storage space, and logistics cost and thin profile results in 47% reduction of processing time. These benefits of retort pouch will drive the market growth over the forecast period.
The retort pouch market expansion is attributed to rise in demand from the food and beverage sector for product packaging. Retort pouches are a good substitute for tin cans due to their lightweight and less spacing design. The demand for retort packaging can be attributed to the high growth and increase in demand for ready to eat or ready meals across the globe. The market for retort packaging has been driven by factors such as the growing number of single households, the busy work environment, and rising disposable income.
The retort pouch market has been analyzed on the basis of material type, which includes polypropylene, polyethylene, polyamide, polyethylene terephthalate, aluminum foil, and others. On the basis of material type, the polypropylene segment held the highest share of 31.4% in the global retort pouch market in 2021. Due to its tough and long-lasting qualities that keep food products fresh, polypropylene is in high demand for retort packaging and is frequently used in the manufacturing of retort pouches.
In 2021, on the basis of packaging type, the flat pouches segment dominated the highest market share of around 73.1%. This is owing to rise in trend toward the use of single-serve and portion packs. In 2021, on the basis of closure type, the tear notch segment dominated the highest market share of around 45.8%. This is owing to high demand for single-serve packages, ready-to-eat meals, and smaller portion packages.
In 2021, on the basis of end use, the food segment accounted for around 56.8% of the global retort pouch market share. This is owing to retort pouches are widely used for packaging several food products, including soups, sauces, baby food, dry-ready meals, frozen ready meals, chilled ready meals, meal replacement products, and dairy products.
On the basis of region, the retort pouch market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific dominated the market, accounting for almost 43.8% of the global retort pouch market share and is expected to consolidate its position throughout the forecast period. This is owing to huge consumer base and growing demand for packaged food in this region.
Impact of Covid-19 on Global Retort Pouch Market
Retort pouch is primarily used in food & beverages, cosmetics, industrial, and personal care. During and after the lockdown, a large number of people switched to online food shopping, a trend that will surely continue.
The companies are incorporating various techniques to increase production volume and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased fragrance product penetration sustainability.
The rise in public awareness about health issues is one of the factors propelling the retort pouch market throughout the forecast period. Increase in use of sterilizing solutions as a result of the coronavirus epidemic is also driving the demand for the overall industry.
Competitive Landscape
The market players operating in the global retort pouch market are Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc. (The Lubrizol Corporation), Clariant AG, Croda International Plc, DOW, Inc., Evonik Industries AG, J.M. Huber Corporation, KCC Corporation (Momentive Performance Materials), and Solvay S.A. Other players operating in the value chain of the retort pouch market are Wacker Chemie AG, Akzo Nobel N.V., Huntsman International, Cargill, Inc., Lonza Group, and others.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the retort pouch market analysis from 2021 to 2031 to identify the prevailing retort pouch market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the retort pouch market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global retort pouch market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material Type
Polypropylene
Polyethylene
Polyamide
Type
Aliphatic
Aromatic
Polyethylene terephthalate
Aluminum foil
Others
By Packaging Type
Stand-up Pouches
Flat Pouches
By Closure Type
Tear Notch
Zipper
Spout
By End Use
Food
Beverages
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Italy
Spain
Germany
France
UK
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
Rest Of LAMEA
Key Market Players
Amcor Plc
ProAmpac LLC
Mondi plc
Sonoco Products Company
Sealed Air Corporation
HUHTAMAKI GROUP
CONSTANTIA FLEXIBLES
Clondalkin Group Holdings BV
FLAIR Flexible Packaging Corporation
Winpak Ltd.
DNP America, LLC
Clifton Packaging Group Limited
FUJIMORI KOGYO CO., LTD.
Sopakco Packaging
HPM Global Inc.
Coveris Holdings S.A.
Floeter India Retort pouch (P) Ltd
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