PUBLISHER: Allied Market Research | PRODUCT CODE: 1179790
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179790
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.
ey Benefits For Stakeholders
By Material Type
By Packaging Type
By Closure Type
By End Use
By Region