About Retort Pouches
A retort pouch is a multilayer and flexible laminated pouch. It has an ability to withstand thermal processing during the sterilization process. A retort pouch is not required to be refrigerated unless opened and can be kept at room temperature, thereby proving a long shelf life. The global retort pouches market is segmented based on the application, which includes curry and sauces, pet food, ready-to-eat meals, seafood, and others.
Technavio’s analysts forecast the global retort pouches market to grow at a CAGR of 8.03% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global retort pouches market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of retort pouches for several types of applications which include curry and sauces, pet food, ready-to-eat meals, seafood, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Retort Pouches Market 2017-2021
Technavio recognizes the following companies as the key players in the global retort pouches market: Amcor, Ampac, Bemis, Coveris, and Mondi Group.
Other Prominent Vendors in the market are: DNP America, Flair Flexible Packaging, Floeter India, Logos Packaging, LPF, Polymer Packaging, Printpack, Sealed Air, Sonoco, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is developments in global retort pouches market. With the constantly varying market conditions, companies are focusing on innovation and the ability to introduce something new to the world to outperform their competitors. Vendors in the global retort pouches market are offering state-of-the-art solutions, which is helping them gain a competitive advantage.”
According to the report, one driver in the market is increasing demand from developing countries. Developing countries like India and China are largely contributing to the food packaging industry, which is aiding the growth of the global retort pouches market. This is because of an increasing disposable income and urbanization in these countries that are generating the demand for a healthy lifestyle and safe packaging solutions. For instance, in India, the disposable income witnessed a CAGR of more than 10% during 2006-2016. Moreover, in China, more than 50% of the population was living in urban areas in 2016.
Further, the report states that one challenge in the market is high investment involved in processing of retort pouches. Retort pouches require an aseptic processing technique, which further requires high initial investments in the installation of a new packaging equipment. For instance, in 2016, Greatview Aseptic Packaging, an aseptic packaging material and related services provider, invested more than $24 million for the expansion of its German plant by offering state-of-the-art machinery. Also, in 2016, DS Smith, a packaging company, invested approximately $54 million for the development of a new plant and equipment.
Amcor, Ampac, Bemis, Coveris, Mondi Group, DNP America, Flair Flexible Packaging, Floeter India, Logos Packaging, LPF, Polymer Packaging, Printpack, Sealed Air, Sonoco, and Winpak.