Retort Pouches Market size to grow by USD 732.53 million from 2022 to 2027, The increasing demand from developing countries to drive the market growth

new york, May 15, 2023 /PRNewswire/ — Global retort pouch market The size is estimated to grow as US$732.53 million From 2022 to 2027, according to Technavio.The market is estimated to grow rapidly CAGR 7.59% during the forecast period. North America estimated to account for 41% Percentage of global market growth during the forecast period. People in this region are time-constrained due to their busy lifestyles and don’t have much time to prepare meals at home. As a result, they mostly prefer instant food. For example, most of the low-budget groceries purchased at home in the US in 2019 were spent on convenience foods such as convenience foods. In addition, in the retort pouch market, North America Growth is driven by demand arising from baby food and pet food packaging. The US pet food packaging market is also expected to grow at a steady CAGR during the forecast period. Such factors thus drive the growth of the regional market during the forecast period. For detailed insights on the historical period (2017-2021) and projected market size (2023-2027) – Request a sample report

what’s new?

• Special coverage on Russia–Ukraine war; global inflation; Analysis of recovery from COVID-19. Supply chain disruptions, global trade conflicts.and recession risk

• Global Competitiveness and Position of Major Competitors

• Market presence across multiple geographic footprints – Strong/Active/Niche/Small – Buy the report!

Retort Pouches Market – Segmentation Assessment
Segment overview
This report is organized by application (curry and sauces, pet food, convenience food, seafood, etc.), type (notches, zippers, spouts), and geography (North America, Europe,Asia Pacific, south americaand middle east and Africa).

• market share growth by Curry & Sauce Department important for the growth of the overall market during the forecast period. Vendors in the global retort pouch market in this segment are gaining recognition with their portfolios. This allows us to offer more customer-driven solutions. In 2016, Ampac won his AmeriStar Award for his reclosable stand-up pouch of Duke’s Mayonnaise. Market vendors are also providing innovative solutions to increase their competitiveness in the market. Ampac, the provider of Campbell’s Skillet Sauce Pouches, offers a gravure-printed upright shape solution. This is an example. Therefore, such factors will influence the growth of the segment during the forecast period.

story continues

Insights on market contributions of different segments, including by country and region, historical (2017-2021) and forecast market size (2023-2027)- Download sample report

retort pouch market – Market trend
Key Factors Driving Market Growth

• Rising demand from developing countries is the major factor driving the market growth.

• developing countries such as India and China is mainly involved in the food packaging industry and contributes to the growth of the global retort bag market. This is a result of rising disposable incomes and increasing urbanization in these countries, creating demand for healthy lifestyles and safe packaging solutions.

• Furthermore, imports of packaging materials, mainly plastic, are on the rise in developing countries, leading to an increase in demand for plastic packaging.

• Along with the growth of the food & beverage industry and increasing demand for packaging materials in developing countries, the demand for food packaging will also increase, leading to the growth of the global retort pouch market during the forecast period.

Key trends impacting the market

• Developments in the global retort pouch market are emerging retort pouch market trends impacting market growth.

• Companies focus on innovation and their ability to bring something new to the world in order to stay ahead of their competitors in ever-changing market conditions.

• Global retort bag suppliers offer cutting-edge solutions for a competitive edge, and laminating and printing vendors also offer innovative solutions for retort packaging.

• for example, toyo inka provider of printing inks, colorants and functional materials, offers REXTA, a solvent-based flexo lamination ink used for high boiling, high pressure and retort applications.

• Such trends thus drive the growth of the retort pouches market during the forecast period.

Major challenges hindering market growth

• The availability of substitutes is a major challenge hindering the growth of the retort pouch market.

• Several alternatives are available for retort packaging, which consists of trays, boxes, vacuum packaging and retort cans, which form a significant part of the global retort packaging market.

• Demand is also increasing for retort containers that are waterproof and prevent food from spilling.

• In addition, the tray prevents contact with air and other gases, ensuring food safety.

• Therefore, such aspects lead to the growth of the global retort trays and carton market and pose a challenge for the global retort pouches market.

Insights on market drivers, trends, challenges, historical period (2017-2021) and forecast period (2023-2027)- Request a sample report!

What are the key data covered in this Retort Pouch Market report?

• CAGR of the market during the forecast period

• Detailed information on the factors driving the growth of the retort pouches market from 2023 to 2027

• Accurately estimate the retort market size centered on the parent market and the degree of contribution to the market

• Accurate prediction of upcoming trends and changes in consumer behavior

• Overall growth of the retort pouch market North America, Europe,Asia Pacific, south americaand middle east and Africa

• Thorough analysis of the competitive landscape of the market and detailed vendor information

• Comprehensive Analysis of Factors Hampering the Growth of Retort Pouch Market Vendors

Get instant access to over 17,000 market research reports.

Technavio’s SUBSCRIPTION Platform

Related reports:

of pouch packaging machine market The market size is expected to increase by US$2.03 billion from 2020 to 2025, and the market growth momentum is expected to accelerate at a CAGR of 5%. In addition, the report provides extensive coverage of market segmentation by product (HFFS, VFFS, SUP) and region (Europe, North America,Asia Pacific, south america, MEA). One of the key factors driving the growth of the pouch packaging machinery market is the increasing demand for pouch packaging.

According to Technavio analysts, pouch market The size is expected to reach USD 12.92 billion by 2026, progressing at a CAGR of 5.37%. In addition, the report is segmented by Type (Flat, Standup, Spout, Others) and Region (APAC, APAC, North America, Europe, south americaand middle east and Africa). Growing focus on improving product shelf life is driving the market growth in particular.

table of contents:

1.executive summary

2 Market scenery

3 Market size determination

4 Past market size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Split by Type

8 Customer Situation

9 Geographical landscape

10 drivers, challenges and trends

11 Vendor Landscape

12 vendor analysis

13 Appendix

about us
Technavio is the world’s leading technology research and advisory firm. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position. Offers. With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies in 50 countries and growing. The company’s customer base consists of companies of all sizes, including over 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and develop competitive strategies within changing market scenarios. I am evaluating my position.

contact
Technavio Research
Jessie Maida
Media and Marketing Executive
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content and download multimedia.https://www.prnewswire.com/news-releases/retort-pouches-market-size-to-grow-by-usd-732-53-million-from-2022-to-2027–the-increasing-demand -Promote Market Growth from Developing Countries—technavio-301823164.html

Source Technavio