Press release
Retort Pouch Packaging Market 2021 Demand and Business Scenario- Amcor PLC, Constantia Flexibles, Coveris Holdings SA, Flair Flexible Packaging Corporation, Mondi PLC, Tetra Pak International SA
The report presents an in-depth assessment of the Retort Pouch Packaging Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Retort Pouch Packaging investments from 2021 till 2025.The retort pouch packaging market is expected to grow at a CAGR of 5.8% during the forecast period from 2020 to 2025.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Retort Pouch Packaging Market: Amcor PLC, Constantia Flexibles, Coveris Holdings SA, Flair Flexible Packaging Corporation, Mondi PLC, Tetra Pak International SA, Sonoco Product Company, Sealed Air Corporation, Clifton Packaging Group Limited, Clondalkin Industries BV, Alpha Pack Pvt. Ltd, Proampac LLC, Winpak Limited
Key Developments:
- August 2020: ProAmpac a flexible packaging provider, and Bimbosan jointly produced its ProActive renewable pouch for the baby food market. This new pouch utilizes 65% bio-based resin in the sealant layer, which can reduce the carbon footprint across the environment.
- June 2020: German pet food maker Mera Tiernahrung GmbH partnered with the global leader in packaging and paper, Mondi, to expand its product line to include a new type of dog food with semi-moist croquettes. Mera is using Mondis FlexiBag Recyclable, which is a mono-material, polyethylene-based product with a barrier that is fully recyclable. Mondis packaging solution helps Mera to find the most effective and sustainable way to protect their products.
Market Overview:
- Additionally, a higher number of consumers have shown a preference for on-the-go packaging solutions, which have led to the growth of retort packaging through offerings in pouches and trays. According to the Flexible Packaging Association, retort pouches and bags contributes 60% of the total food packaging all over the world.
- Packaged food such as sauces, dairy products, bakery, and soup items are often packed in retort packaging to ensure longer shelf life. However, the ready to eat is also creating enormous opportunities for the retort market. As per with the Organic Trade Association data, the retail sales of organic food in the United States is USD 50 billion.
Regional Analysis:
For comprehensive understanding of market dynamics, the global Retort Pouch Packaging Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Key Market Trends
Food Industry will Hold the Substantial Market Share
- The food industry is one of the primary end-user for this market. For food products, retort pouch packaging is primarily used for ready to eat meals, meat (beef, pork, chicken), seafood (tuna, shrimp, salmon, mackerel, mussels, salmon, etc.) sauces, pasta dishes, rice, baby food, fruits and vegetables, organic and frozen food. This unique form of packaging for food helps in enhancing flexibility and preserving it from contaminants, which are likely to boost the growth of this market.
- As per the data of the US Department of Agriculture, the volume of cold storage of frozen red meat amounted to 1101.5 million pounds in FY2019. In comparison, foods like frozen potatoes and frozen poultry amounted to 1155.93 million pounds and 1,212.92 million pounds, respectively.
- Retort pouches are considered to be one of the most convenient packaging solutions for dairy and yogurt for out -of -home consumption. Companies and dairies are, hence, developing and using packaged pouches with creative lidding to gain consumers attraction. For instance, Amcor launched AmLite Ultra Recyclable retorted pouch, which is more sustainable. its high barrier laminate can package a range of food and pharmaceutical products that can be recycled easily.
The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/10192356183/retort-pouch-packaging-market-growth-trends-and-forecasts-2020-2025?Mode=48
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Retort Pouch Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Finally, Retort Pouch Packaging Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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