Retort Pouches Market 2024 Fast-paced Life and Increasing Disposable Income Boost Sales

The global retort pouch market is choc-o-bloc with keen players trying to stay ahead of the curve through cost-reductions and improved products. This makes the competition stiff in the market. Serving to boost the market is the busy lifestyle of people worldwide, which has upped the demand for ready-to-eat food products for which the most preferred packages are retort pouches.

Various keen companies’ efforts to churn out more sophisticated and eye-catching products is also catalyzing growth in the global retort pouches market. Retort pouches are supplanting cans in the food packaging industry because of their ability to prolong the shelf life to the product. Recyclability issues of retort pouches, on account of the multi-layer materials used in them, however, is posing a challenge to the market.

Request for a sample:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33044

According to Transparency Market Research, the global retort pouch market will likely rise at a steady CAGR of 6.5% from 2017 to 2025, to pull in a revenue of US$7.51 bn by 2025 from US$4.29 bn in 2016.

retort pouches market

Aluminum Material Sees Considerable Application in Developing Countries

The global retort pouch market can be segmented based on different parameters. Depending upon material type, for example, the market can be classified into aluminum foil, polypropylene (PP), food cast PP, polyamide, and polyethylene. The polyethylene can be further segmented into HDPE, LDPE, and LLDPE. At present, the segment of aluminum foil is highly popular in developing countries, while polyamide is seeing substantial uptake in developed continents of Europe and North America. The TMR report predicts the aluminum foil segment to register a CAGR of 6.7% from 2016 to 2025. The PP and food cast PP materials are also expected to gain considerable market share in developed pockets in Asia Pacific and Europe. Polyamide and polyethylene materials, on the other hand, will see slower uptake for making retort pouches due to health hazards posed by them.

Ask for brochure:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=33044

Rising Sales of Ready-to-eat Meals Propels Market in Asia Pacific

From a geographic standpoint, Asia Pacific leads the market in terms of growth rate. By rising at a 7.5% CAGR in the forecast period, the market in the region is projected account for a dominant share in revenue – about US$2.54 bn – by 2025. The annual consumption of retort pouches is expected to touch 12,176 million units by 2025-end in the region, which currently holds 31.3 % share in the market. Asia Pacific’s dominant position is mainly a result of soaring demand for safe and hygienic ready-to-eat meals and pet foods in the region.

Europe, again, is a key market which currently holds a dominant share in the overall revenue. By clocking a 5.9% CAGR in the forecast period, the market in the region will likely lose some of its share in revenue to become worth US$2.30 bn by 2025. Vis-à-vis volume, the market in the region will likely register a CAGR of 5.5%. The Middle East and Africa is predicted to be a fast expanding market too along with South America. The market in North America is expected to register a healthy CAGR of 5.9%, over the forecast period to reach US$ 1,829.5, by the end of 2025.

Read TMR Research Methodology at: https://www.transparencymarketresearch.com/methodology.html

Some of the key players operating in the global retort pouch market are Sealed Air Corporation, Huhtamaki Group, Amcor Ltd., Mondi Group, Bemis Company, Inc., Clifton Packaging Group Ltd., Foshan Nanhai LD Packaging Co., Ltd., Sonoco Products Company, Constantia Flexibles International GmbH, ProAmpac, Alliedflex Technologies Ltd., Flexi-Pack Ltd., Flair Flexible Packaging, Tong Yuan Packaging Co. Ltd., Purity Flexipack Ltd., MST Packaging Co., Ltd., and Avonflex.

Read Our Latest Press Release:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com