Increasing Disposable Income and Improved Standard of Living to Drive Global Retort Pouch Market, observes TMR
The global retort pouch market demonstrates fragmented and highly competitive structure, thanks to presence of large number of players trying to compete with each other. Some of the major players operating in the global retort pouch market are Alliedflex Technologies Ltd., Constantia Flexibles International GmbH, Flair Flexible Packaging, and Amcor Ltd. The manufacturers are also focusing towards collaboration in order to maintain their presence across the across the globe, finds Transparency Market Research (TMR). Additionally, some of the players are working efficiently to reduce their product price and improve products in order to compete with the existing players. This is likely to intensify competition among the key players operating in this market.
According to a report published by TMR, the global retort pouch market was valued US$4.29 bn in 2016 and the market is likely to touch valuation of US$7.51 bn by the end of 2025. The global retort pouch market is expected to expand at robust CAGR of 7.5% during the course of forecast period.
Based on material type, aluminum foil is extremely popular in the developing and developed economies. From a geographical point of view, Asia Pacific is expected to dominate global retort pouch market owing to rising demand for hygiene and safe ready to eat meals and pet food across the globe. The market is further trailed by Europe, as this region is likely to account for maximum share in the overall market and projected to register 5.5% CAGR during the course of forecast period.
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Prominent Players Focused towards Product Development to Stay Ahead of Curves
The busy lifestyle and rising disposable income is likely to stimulate growth of the global retort pouch market. This trend is stimulating in the developing countries such as China and India, where average per capita income of the population is increasing. These are some of the key factors influencing demand for the global retort pouch market in the coming years. In addition, the notable trend and subsequent popularity of the retort pouch is further driving overall market. The companies are also elevating their brand image by producing value added products which are becoming popular and this is further proving beneficial to the market as well in the coming years.
The increasing sale of ready to eat food product is one of the prime factor positively driving overall growth of the global retort pouch market. Both emerging and developing economies are showing great demand for package food and this is another factor gaining momentum in terms of demand. Several other factor such as growing urbanization, increase in disposable income and escalating working population are influencing the overall demand for retort pouch.
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Recycling Issue and Consumer Awareness regarding Biodegradable Product to Hamper Market Growth
On the other hand, recycling and handling issues is likely to pose hindrance to the overall growth of the market. The multi-layer materials utilized for the production of retort pouch takes maximum time to biodegrade and thus, effect the environment. This can be one of the prime factor negatively impacting overall growth of the market. However, the resort pouch are supplanting cans in the food and packaging industries owing to their ability to extend the shelf-life of the food products. This is one of the major factor positively stimulating overall growth of the global retort pouch market.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Retort Pouches Market (Capacity – 0 ml- 350 ml, 351 ml – 500 ml, 501 ml- 1000 ml, 1000 ml – 3000 ml, and Above 3001 ml; Material Type – Aluminum, Polypropylene, Food Cast PP, Polyamide, and Polyethylene; Product – Stand Up Pouches, Spouted Pouches, Zipper Pouches, Pillow Pack, and 3-Side Sealed; Closure Type – With Cap and Without Cap; Application – Food and Pharmaceuticals) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
The Global Retort Pouch Market is segmented based on:
- 0 ml -350 ml
- 351 ml -500 ml
- 501 ml -1000 ml
- 1000 ml -3000 ml
- Above 3001 ml
Barrier Material Type
- Aluminium foil
- Food Cast PP
- Pet Food
- Baby Food
- Meat & Sea Food
- Fresh Produce
- Ready-to-eat meals
- Soups & Sauces
- Pharmaceuticals & others
- Stand Up Pouches
- Spouted Pouches
- Pillow Pack
- Zipper Pouches
- 3- Side Sealed
- With Cap
- Screw Cap
- Flip Cap
- Flip top Cap
- Pour Spouted Cap
- Without Cap
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
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