Retort Pouch Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023- 2032
Retort pouches are made from laminate, and are ideal for packaging a wide variety of food, and liquid products by aseptic processing. The rising demand for ready-to-eat, changing fast-paced lifestyle and changing family structure in key nations like India, and China will drive robust growth for the retort pouches market during the forecast period.
The convenience food has long been a favorite in developed countries, as these are easy-to-cook, often reasonably priced, and very appealing to changing population trends like independent and mobile workforce.
The growing advancement in food preparation technology like microwaves, and expansion of ready-to-eat meals into seafood, instant noodles, and nutritious food products also remains a key driver of growth for the retort pouches market. Pricing remains a challenge to growth as margins remain competitive.
Growing Demand for Healthy Food Products Remains Key to Growth
The food and beverage sector is witnessed a major resurgence in demand for healthy foods. Conventionally popular products like red meat increasingly come under the consumer scanner as related diseases like heart condition remain leading concerns worldwide. This has forced major brands like KFC to rethink their strategies with introduction of concepts like ‘vegan meat’, among others.
Moreover, the changing demand is similar across the board in markets for soft drinks. As Soft drinks companies look for herbal-based, natural, and healthier alternatives to attract millennials in western countries, the demand for such products also remain in emerging nations. The shifting demand for food and beverages is increasingly on display as major brands like Cambell Soup Company, introduces ready-to-drink soups in retort pouches.
This branding was targeted to appeal to millennials, who remain more health conscious as compared to previous generations, as they visit the gym more, and remain more concerned about their well-being. Retort pouches provide additional benefits with easy-to-cook and easy-to-preserve packaging, which is ideal for both individuals, and large retail chains.
The retort pouches enable preservation of food with ability to withstand high temperatures. The pouch packaging also kills microorganisms to provide completely safe, and healthy food products to rising health-conscious population.
The rise of healthy foods, growing demand for ideal packaging solutions due to advent of e-commerce, and online delivery models, and growing competitive pricing remain major factors for growth for the retort pouches market.
Rising Demand from India and China Remains a Major Driver for Growth
According to Cargill-Economist Intelligence Unit report, India, China, and Indonesia will become home to three-quarters of population by 2030. Moreover, the three countries are also urbanizing quickly, and will become home to half the world’s urbanized population.
Moreover, the countries are witnessing rising growth in nuclear families, and bacherlors, as demand for mobile workforce change family patterns across the board.
The Intelligent Unit report further stated that growing demand for diet food in high-income, and health-conscious individuals, changing food supply network to cater to long-lasting, and attractive packaging food products, rising demand for ready-to-eat meals will remain key trends.
The rising urbanized population will drive tremendous growth for convenience, as well as diet food products, and will remain key to growth in the retort pouches market.
The key players of the global retort pouch market are Otsuka Holdings Co. Ltd., 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. and others.
The Retort Pouch Market is Segmented as Below:
By Material
- Polypropylene
- Polyethylene
- Polyamide
- PET
- Aluminum foil
- Others
By Packaging Type
- Stand-up Pouches
- Flat Pouches
By Closure Type
By Application
- Food
- Beverages
- Pet Food
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
- South America
- Brazil
- Rest of South America
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA
