Press release
Retort Pouches Market Size, Share, Demand, Latest Trends and Growth 2023-2028
How big is the retort pouches market?
The global retort pouches market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
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What is Retort Pouches?
Retort pouches are a type of packaging solution widely utilized in the food and beverage, pharmaceutical and healthcare industries. They are laminated with multiple layers of metal foils and flexible plastic, which can withstand high temperature and intense pressure. They also contain lightweight polyethylene or PET films, which prevent air and moisture from entering and spoiling the contents. Since these pouches aid in preventing contamination or spillage of the content while extending its shelf-life, they are extensively used as a preferred packaging solution for foods, beverages, medicines and medical equipment.
What are the growth prospects and trends in the retort pouches industry?
The significant increase in the sales of packaged food products is one of the key drivers of the market for retort pouches. Owing to various factors, such as rapid urbanization, busy schedules, shifting dietary preferences and inflating per capita income levels, there is an increasing inclination toward the consumption of on-the-go and ready-to-eat food products such as frozen seafood. Furthermore, single-serve and small-sized packaging are continually gaining popularity, owing to the associated advantages, including ease of handling, convenience, limited space consumption, and portion control. Also, retort pouches are emerging as a crucial tool for creating brand awareness among consumers. Manufacturers and established brands are investing significantly to develop customizable labeling solutions with attractive designs, which also reflect the relevant product details. Add-on features including slider closures with end-clips and resealable zippers, along with increasing research and development (R&D) activities to improve the existing and incorporate new production methods, are further creating a positive outlook for the market.
Who are the key players operating in the industry?
The report covers the major market players including:
Berry Plastics Corporation
• Mondi PLC
• Amcor Limited
• Sonoco Products Company
• Astrapak Ltd
• Coveris
• Bemis Company, Inc
• Tredegar Corporation
• Sealed Air Corporation
• Huhtamaki Group
• Clifton Packaging Group Ltd.
• Foshan Nanhai LD Packaging Co., Ltd
• Constantia Flexibles International GmbH
• ProAmpac
• Alliedflex Technologies Ltd
• Flexi-Pack Ltd., etc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
Stand-up Pouches
Spouted Pouches
Zipper Pouches
Pillow Pack
3-Side Sealed
Breakup by Capacity:
Low
Medium
High
Breakup by Closure Type:
With Cap
Without Cap
Breakup by Material Type:
Polypropylene
Aluminum Foil
Polyester
Nylon
Paper & Paperboard
Others
Breakup by Application:
Food and Beverage
Healthcare
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1257&flag=E
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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