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According to the latest report by IMARC Group, titled “Retort Pouches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global retort pouches market size reached US$ 1.6 Billion in 2021. Retort pouches are a type of packaging solution widely utilized in the food and beverage, pharmaceutical and healthcare industries. They are laminated with multiple layers of metal foils and flexible plastic, which can withstand high temperature and intense pressure. They also contain lightweight polyethylene or PET films, which prevent air and moisture from entering and spoiling the contents. Since these pouches aid in preventing contamination or spillage of the content while extending its shelf-life, they are extensively used as a preferred packaging solution for foods, beverages, medicines and medical equipment.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Retort Pouches Market Drivers:
The significant increase in the sales of packaged food products is one of the key drivers of the market for retort pouches. Owing to various factors, such as rapid urbanization, busy schedules, shifting dietary preferences and inflating per capita income levels, there is an increasing inclination toward the consumption of on-the-go and ready-to-eat food products such as frozen seafood. Furthermore, single-serve and small-sized packaging are continually gaining popularity, owing to the associated advantages, including ease of handling, convenience, limited space consumption, and portion control. Also, retort pouches are emerging as a crucial tool for creating brand awareness among consumers. Manufacturers and established brands are investing significantly to develop customizable labeling solutions with attractive designs, which also reflect the relevant product details. Add-on features including slider closures with end-clips and resealable zippers, along with increasing research and development (R&D) activities to improve the existing and incorporate new production methods, are further creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 2.6 Billion by 2027, growing at a CAGR of 8.53% during 2022-2027.
Market Summary:
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