A report by Transparency Market Research finds that the global retort pouch market, which was worth US$4.29 bn in 2016 will likely attain a value of US$7.51 bn by 2025-end by clocking a steady CAGR of 6.5%.
The global retort pouch market is characterized by intense competition owing to the presence of numerous prominent participants trying to outshine one another. In order to thrive in the market, keen players are seen resorting to cost-reduction and product innovations to better cater to the need of customers.
Some of the prominent participants 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., Paharpur 3P, Flexi-Pack Ltd., Flair Flexible Packaging, Tong Yuan Packaging Co. Ltd., Purity Flexipack Ltd., MST Packaging Co., Ltd., and Avonflex.
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Global Retort Pouch Market Survey: Key Findings
Fast-paced Life and Increasing Disposable Income Boost Sales
- A fast paced life worldwide on account of demanding jobs and long commutes has led to people opting for easy-peasy ready-to-eat food products. This trend is now fast catching up in highly populated developing nations of India and China, where average disposable income is rising. This in turn is providing a solid boost to the global retort pouch market.
- A noticeable trend in the market is the emergence and subsequent popularity of stand-up retort pouches which further drives the consumer interest in this market. “Companies are focusing on elevating their brand image through value added products which are also eye-catching. This is proving beneficial to the market as well,” explains the lead analyst of the TMR report.
Recyclability Problems Hamper Uptake
- Factors posing a roadblock to the market, on the other hand, are recyclability and handling issues of retort pouches. The multi-layer materials used for the production of retort pouches take more time to biodegrade and thus harm the environment.
- At the forefront of driving demand in the global retort pouch market is the growing demand for convenient packaging solutions that have longer shelf life. Retort pouches offer just that by providing a strong barrier from air and light. Further, they have the ability to withstand high temperatures of up to 130-degree centigrade.