Retort pouches are heat resistant bags made that are used in packaging of heat-treated food. Retort pouches are laminated inside with multiple layers of metal foil and plastic films that can resist high temperature as well as intense pressure. Retort pouches are readily available transparent, light in weight polyethylene or PET films which act as a barrier to oxygen and moisture. Retort pouches are currently used as an alternative to metal cans in the food packaging industry as they provide better shelf life. Retort packaging protects food products from contamination thus improving the aesthetic appeal of the product. Retort Pouches consist of add-on features such as zippers, spouts and fitments, pour spouts, release valves and slider closures. As a result, the demand for retort pouches has increased over the years to a significant level leading to growth in global retort pouches market.
Global Retort Pouches Market: Drivers & Restraints
Retort pouches have gained momentum in demand of consumption of packed food in both developed and emerging economies owing to growth in urbanization, increase in disposable income, the rise in working-class population, etc. Also, Retort pouches are heat-resistant, and thus due to increased health awareness among the consumers, the demand of retort pouches for food packaging has grown over the years. Retort pouches can also be used for printing logos of various brand to increase the brand awareness with growth in the product sale. Retort pouches have applications in frozen food packaging, pet food packaging, organic food packaging, etc. However, dynamic changes in the cost of raw materials used in the production of pouches create ambiguity in the manufacture of retort pouches thus hindering the growth of global retort pouches market.
Global Retort Pouches Market: Segmentation Overview
The demand for retort pouches as a packaging solution in food and beverages industry has witnessed a significant growth in the recent past at both customer end as well as manufacturer end. Revenue contribution from the pouches made of transparent PET films, an environmentally packaging solution is expected to fuel the growth of the global retort pouches market to a significant extent during the forecast period.
Global Retort Pouches Market: Regional Overview
Geographically, the global retort pouches market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Asia-Pacific region especially the emerging economies such as China and India are expected to witness immense growth opportunities from the on growing food and beverages industry. Also, factors such as high demand for ready-to-eat food, rising disposable income, is expected to further propel the demand of the retort pouches in this region during the forecast period. North America and Europe region is a matured market for retort pouches and are thus expected to create substantial demand over the forecast period. As retort pouches are heat resistant in nature, they are in high demand in Middle-East and African region for packaging of food products. Overall, Global retort pouches market is expected to grow at a healthy CAGR over the forecast period.
Global Retort Pouches Market: Key Players
Some of the key players that operate in global retort pouches market are Ampac Holdings, LLC, Mondi Group, Amcor limited, Sealed Air, Bemis Company, Inc., Winpak Limited Company, Coveris Holdings S.A, Sonoco Products Company, Flair Flexible Packaging Corporation, Berry Plastic Group, Inc.
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Global Retort Pouches Market: Segmentation
The global report pouches market is segmented on the basis of product type into:
- Stand-up Pouches
- Spouted Pouches
- Zipper Pouches
On the basis of material type, the global retort pouches market is segmented into:
- Polyethylene terephthalate (PET)
- Food-Grade Cast Polypropylene
On the basis of end-use, the global retort pouches market is segmented into:
- Pet food
- Baby food
- Sea food
- Ready-to-eat meals
- Soups & Sauces
- Personal care
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- Changing market dynamics in the industry
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- Historical, current and projected market size in terms of volume and value
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