The growth outlook for the North American retort pouches market appears promising, with the region projected to hold a substantial market share of 22% in 2022. This is indicative of a flourishing market driven by changing preferences and consumer trends.
One of the key factors influencing market expansion in North America is the increasing adoption of retort pouches as a viable alternative to traditional rigid packaging solutions. Retort pouches are favored for their lightweight nature, portability, and the reduced material usage they offer. These attributes align with the current consumer preferences for convenience and sustainability, making retort pouches an attractive choice in the region.
Furthermore, the growth of the retort pouches market in North America is significantly influenced by evolving lifestyles. Changes in consumer behavior, especially in countries like the United States and Canada, have propelled the market forward. These shifts are indicative of a broader trend where flexible packaging solutions, like retort pouches, are gaining prominence as they cater to the changing needs and expectations of consumers in North America.
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The global retort pouches market is on a remarkable growth trajectory, with projections indicating a substantial increase in its valuation. By 2032, it is estimated to reach an impressive US$ 15,971.8 million, a significant leap from US$ 9,620.5 million in 2022, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.2% over the ten-year period.
Retort pouches, characterized by their laminate construction comprising layers of metal foil and plastic films, exhibit exceptional resistance to high temperatures and intense pressure. This quality makes them increasingly attractive, meeting the growing demand for flexible packaging solutions. Moreover, retort pouches are often composed of lightweight, transparent polyethylene or PET films, providing an effective barrier against oxygen and moisture.
A pivotal factor propelling the demand for retort pouches is their adoption as a preferable alternative to traditional metal cans in the food packaging industry. Retort packaging not only extends the shelf life of food products but also safeguards them against contamination, thereby enhancing the overall visual appeal of the packaged items. This combination of benefits has led to a surge in demand for retort pouches.
Furthermore, the market’s growth is accelerated by the incorporation of additional features such as zippers, spouts, pour spouts, release valves, and slider closures in retort pouch designs. These value-added features have significantly contributed to the increased adoption of retort pouches, further augmenting the global retort pouches industry. As consumer preferences and the food packaging industry continue to evolve, retort pouches are expected to play a pivotal role in shaping the future of flexible packaging solutions.
Regional Overview
Geographically, the global retort pouches industry is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Asia-Pacific region especially the emerging economies such as China and India are expected to witness immense growth opportunities from the on growing food and beverages industry.
Also, factors such as high demand for ready-to-eat food, rising disposable income, is expected to further propel the demand of the retort pouches in this region during the forecast period. North America and Europe region is a matured market for retort pouches and are thus expected to create substantial demand over the forecast period.
As retort pouches are heat resistant in nature, they are in high demand in Middle-East and African region for packaging of food products. Overall, Global retort pouches market is expected to grow at a healthy CAGR over the forecast period.?
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Key Players:
- Ampac Holdings, LLC,
- Mondi Group,
- Amcor limited,
- Sealed Air,
- Bemis Company, Inc.,
- Winpak Limited Company,
- Coveris Holdings S.A,
- Sonoco Products Company,
- Flair Flexible Packaging Corporation, and
- Berry Plastic Group, Inc.
In order to improve their augment their retort pouches market share, product portfolios, and increase their chances of growth in the retort packaging market, manufacturers are adopting various strategies.
Key Segments Profiled in the Retort Pouches Market Survey
By Product Type:
- Stand-up Pouches
- Spouted Pouches
- Zipper Pouches
- Others
By Material Type:
- Polyethylene terephthalate (PET)
- Polyester
- Polypropylene
- Food-Grade Cast Polypropylene
- Nylon
- Other
By End Use:
- Food
- Pet food
- Baby food
- Sea food
- Ready-to-eat meals
- Soups & Sauces
- Others
By Application:
- Beverages
- Pharmaceutical
- Personal care
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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