Summary
Retort Pouch Packaging Market By Packaging Type (Pouch, Carton, Tray), Material (Polypropylene, Polyester, Aluminum foil, Food Grade cast polypropylene, Biomaterial, Paperboard, Nylon), End-use (Food, Beverage, Pharmaceutical), Region — Global Forecast Till 2023
Retort Pouch Packaging Market Overview
Retort Pouch Packaging is a type of food packaging made from heat resistant laminated plastic and metal foil. It is mainly used for storing the food and beverage items and provide a longer shelf-life to packaged products. In Retort Pouch Packaging, food is packed into a metal can or pouch before it is sealed. Furthermore, it is heated at an extremely high temperature which makes the product commercially sterile. The main aim of Retort Pouch Packaging is to destroy microorganism by heating, protect food from chemical or enzymatic reactants and to keep the food ready for consumption.
The Global Retort Pouch Packaging Market is expected to reach approximately USD 42.05 Billion by 2023, growing at a CAGR of ~7.5% during the forecast period.
Regional Analysis
In terms of geography, Asia Pacific dominates the global Retort Pouch Packaging Market, and it is anticipated to grow with the highest CAGR during the forecast period. The major drivers for the growth of Retort Pouch Packaging market in this region are increasing population and rising demand for ready to eat consumables. Growing health and personal care industry in Asia Pacific is another reason for the market growth of Retort Pouch Packaging.
The market for Retort Pouch Packaging is growing with the expansion of urbanization in developing countries. The demand for curry, sauces and other ready-to-eat meals in China & India may be the reason for the fastest growing market. Europe and North America are expected to closely follow Asia Pacific during the forecast period.
Retort Pouch Packaging Market Segmentation
Global Retort Pouch Packaging Market has been segmented based on packaging type, material, end- use, and region. Based on packaging type, the market is segmented as pouches, cartons, trays, and others. Among all, retort pouches have the largest market share due to its flexible characteristics and use of high heat resistant plastics. Different variety of pouches are available in markets such as stand-up pouches, back-seal quad, spouted pouches, and gusseted pouches. At the same time it is light weighted, convenient to hold and is shelf-stable.
Based on material, the market is segmented as polypropylene, polyester, aluminum foil, food grade cast polypropylene, biomaterials, paperboard, nylon, and others.
Based on end-use, the market is segmented as Food, Beverage, Pharmaceutical, and others. The food segment is expected to be the fastest growing segment. This is because of increasing consumption of products like sauces & curries and baby food. Changing lifestyle also acts as a driving factor because demand for ready to eat food & pet food is increasing. Growing urbanization and increasing disposable incomes have led to the increasing consumption of food. People have high purchasing power and due to their busy lifestyle, they prefer ready-made products which has opened a door of Retort Pouch Packaging market.
Industry News
The report for Retort Pouch Packaging Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Key Players
The key players in the market include
- Amcor Ltd. (Australia)
- Berry Plastics Corporation (U.S.)
- Mondi Group (South Africa)
- Sonoco Products Company(U.S.)
- Ampac Holdings LLC(U.S.)
- Clondalkin Industries BV (Netherlands)
- Coveris Holdings S.A. (U.S.)
- Otsuka Holdings Company Limited (Japan)
- Bemis Company Inc. (U.S)
- Astrapak Limited (South Africa)
- Tredegar Corporation(U.S.)
- Sealed Air Corporation(U.S.)
- DS Smith PLC(U.K.)
- RockTenn Company (U.S.)
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The flexible, laminated plastic packaging pouch found on the food products are Retort Pouches and the packaging is called as Retort Packaging. Retort Packaging found it`s application in the packaged food industry to pack a wide range of products like from water to fully cooked meals such as Meals, Ready-to-Eat (MREs) which can be eaten cold, warmed by submersing in hot water and so on. They have wide range of thermal stabilization.
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Global Retort Pouches Market is Segmented on the basis of Product type: Stand-up Pouches, Spouted Pouches, Zipper Pouches, Others; on the basis of material type: Polyethylene terephthalate (PET), Polyester, Polypropylene, Food-Grade Cast Polypropylene, Nylon, Other; on the basis of end-use: Food, Beverages, Pharmaceutical, Personal care.
The major growth driver for the Retort Packaging Market is it`s thermal stability as it can withstand high temperature thus keeping it`s content safe. The consumers are getting more conscious about their health and there is a need of continuous research and development to maintain the nutrition value as well as proper hygiene. The Retort packaging serves both the requirements of the customers which keeps the market in demand.
The cost of raw materials for retort packaging are higher as compared to the ordinary packaging, which is the main restraint in the Retort Packaging Market. But, the growing demand and health consciousness among people is providing ample opportunities for the Retort Packaging Market to grow and expand further in the upcoming years.
On the basis of the market segment by application, Food industry has the largest market share. With the increasing demand of attractive packaging, it has now became mandatory for the products to be hygienic but also to look appealing . Thus, Food sector are focusing more on the Retort packaging these days because it covers both the basic necessities required by the consumers i.e. hygiene and preservation.
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Geographically, Asia Pacific is has the largest market share in the world. European Market and North American Market. The rapidly growing industrialization in the developing countries of Asia Pacific region like India, China etc. are encouraging the markets of food, beverages, dairy etc to grow. So, the Retort Packaging Market is also going to register growth.
The major key players are: Mondi Group, Amcor Limited, Sonoco Products, Bemis Company Inc., Sealed Air Corporation, Berry Plastics Corporation, Otsuka Holdings Company Limited, Tredegar Corporation (U.S.), Coveris (U.S.).
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