Retort Pouches Market Scope
A retort pouch refers to food packaging made from aluminum, polypropylene, food cast pp, polyamide, and polyethylene. Retort pouches market has high growth prospects owing to changing lifestyle standards and rise in disposable income in the developing countries. Further, increasing demand for the ready to eat meals owing to the busy lifestyle and rising need for increasing shelf life to the product expected to drive the demand for retort pouches over the forecasted period.
According to AMA, the Global Retort Pouches market is expected to see growth rate of 7.64%
Number of players are present in the market hence fragmented nature of the market. Market players are focusing on the advancement in the retort packaging solutions which is expected to generate lucrative opportunities for the market players involved in the retort pouches market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Retort Pouches market throughout the predicted period.
Amcor Limited (Australia), Berry Plastics Corporation (United States), Mondi Group (South Africa), Otsuka Holdings Company Limited (Japan), Sonoco (United States), Astrapak Limited (South Africa), Tredegar Corporation (United States), Coveris (United States), Bemis Company Inc. (United States), Clondalkin Group Holdings BV (Netherland), Alliedflex Technologies Ltd. (United States) and Flexi-Pack Ltd. (Thailand) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Flair Flexible Packaging (Canada), Purity Flexipack Ltd. (India), MST Packaging Co., Ltd. (China) and ProAmpac (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Retort Pouches market by Type (Stand Up Pouches, Spouted Pouches, Zipper Pouches, Pillow Pack and 3-Side Sealed), by Application (Food and Pharmaceuticals) and Region with country level break-up.
On the basis of geography, the market of Retort Pouches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
“According to the Food and Drug Administration (FDA) for flexible food packaging such as retort pouches, stand up zip bags, and single serving stickpacks, under the Federal Food, Drug and Cosmetic Act, food packaging, including flexible food packaging, is prohibited from adulterating food. Adulteration of food can occur if the packaging renders the packaged food to be unsafe or unfit for consumption, or if the packaging contains a "food additive" that is not cleared for the intended use by FDA.”
Market Trend
- Rising Applications of Retort Packaging in the Food Industry
- Advancement in the Retort Packaging Solutions
Market Drivers
- Rising Need for Increasing Shelf Life to the Product
- Changing Lifestyle Standard Fueled By Rise in Disposable Income
Opportunities
- Growing Demand for the Ready to Eat Food Products
- Increasing Demand from the Developing Countries
Restraints
- Issues Related With Recyclability of the Retort Pouches
- Stringent Government Regulations Regarding Packaging
Challenges
- Lack of Acceptance in the Low and Middle Income Group Countries
Key Target Audience
Retort Pouches Manufacturers, Retort Pouches Distributors, Potential Investors, Government and Other Regulatory Bodies, Research Institutes and Organizations, Market Research Firms and Others