Market Insights on Retort Pouches covering sales outlook, demand forecast & up-to-date key trends
The market for retort pouches is anticipated to reach US$ 15,971.8 million in value by 2032, up from US$ 9,620.5 million in 2022, growing at a CAGR of 5.2% over that period. To meet the growing demand for retort pouches, they are internally laminated with many layers of metal foil and plastic films that can withstand extreme heat and pressure. Additionally, retort pouch sales are booming since they are widely accessible in transparent, lightweight PET or polyethylene films that operate as an oxygen and moisture barrier.
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.?
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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.?
What is the Competition Landscape in the Retort Pouches Market?
Some of the key players that operate in global retort pouches market are
In order to improve their augment their retort pouches market share, product portfolios, and increase their chances of growth in the retort packaging market, manufacturers are adopting various strategies.
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Key Segments Profiled in the Retort Pouches Market Survey
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
About FMI Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jan 27, 2023
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