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/ -- The global retort pouches market size is estimated to grow by USD 732.53 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.59% during the forecast period. North America is estimated to account for 41% of the global market growth during the forecast period. People in the region are time-constrained owing to their busy lifestyle, which gives them less time to prepare food at home. This results in them mostly preferring convenience foods. For instance, in 2019, the majority of the budget household food shopping in the US was spent on convenient foods, such as ready-to-eat foods. Furthermore, the retort pouches market in North America grows because of the demand generated from baby food and pet food packaging. The pet food packaging market in the US is also expected to grow at a steady CAGR during the forecast period. Hence, such factors drive the regional market growth during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

What's New?

Retort Pouches Market - Segmentation Assessment

Segment Overview

This report extensively covers market segmentation by application (curry and sauces, pet food, ready-to-eat food, seafood, and others), type (tear notch, zipper, and spout), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Retort Pouches Market – Market Dynamics

Key factor driving market growth

Leading trends influencing the market

Major challenges hindering the market growth

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

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Retort Pouches Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.59%

Market growth 2023-2027

USD 732.53 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.19

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key countries

US, Canada, China, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Amcor Plc, Berry Global Group Inc., Clifton Packaging Group Ltd., Clondalkin Group Holdings BV, Constantia Flexibles Group GmbH, Coveris Management GmbH, Dai Nippon Printing Co. Ltd., FLAIR Flexible Packaging Corp., Floeter India Retort Pouches P Ltd., Fujimori Kogyo Co. Ltd., HPM Global Inc., Huhtamaki Oyj, Logos Packaging Holdings Ltd., Mondi plc, Polymer Packaging Inc., Printpack Inc., ProAmpac Intermediate Inc., Sealed Air Corp., Sonoco Products Co., and Winpak Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research

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