Albany, New York, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR) witnesses the global retort pouches market has a highly competitive vendor landscape. Thanks to numerous players, which are trying to reduce cost and product innovations. These initiatives of companies are expected to intensify the competition among key players over the forecast period. Some of the leading players operating in the global retort pouches market are Sealed Air Corporation, Amcor Ltd., Huhtamaki Group, Bemis Company, Inc., and Mondi Group.
According to the report from TMR, the global retort pouches market registered revenue of US$4.29 bn in 2016 and expected to achieve a value of US$7.51 bn by the end of 2025. The retort pouches market is expected to expand with a CAGR of 6.5% over the estimated period.
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Based on the type of product, the stand-up pouches segment dominated the global retort pouches market and expected to account for 30% share by the end of the forecast period. Based on region, the Asia Pacific region is expected to expand with a CAGR of 7.5% over the forecast period from 2017 to 2025.
Rising Need for Effective Packaging Solution to Propel Growth of Market
Growing demand for advanced packaging solutions mainly from food & beverages industry, which offers advancements such as food protection for a longer time is fuelling adoption of retort pouches. Additionally, retort pouches are able to provide a strong barrier from environmental factors such as light and air and resistance to high temperature. These advantages of retort pouches are propelling its adoption across food & beverages industry and likely to drive growth of the global retort pouches market.
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Growing trend of consuming fast food and packaged food is growing across the developing regions in China and India. The packaged food industry is gaining traction due to growing disposable income and availability of ready-to-eat food, which in turn is propelling growth of the retort pouches market. Additionally, the companies are increasingly trying to improve their brand image and looking to cater the value-added products to their customer. This trend is expected to propel growth of the global retort pouches market. Furthermore, growing innovations in the products in order to meet the demand from the consumer is expected to propel growth of the global retort pouches market.
Demand for the Environmental-friendly Pouches to Hamper Growth
However, the growing demand for the environmental-friendly products is limiting adoption of retorts pouches as they are difficult to decompose with the natural procedures. This, in turn, is restraining growth of the global retort pouches market. Additionally, a growing preference for fresh food from health-conscious consumer coupled with the presence of alternative products is hampering the growth of the global retort pouches market. Nonetheless, widening usage of retort packaging across the pharmaceutical industry for packing the liquid and baby food products is offering lucrative opportunities for growth over the forecast period.
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This information is encompassed in the new report by TMR, titled “Retort Pouches Market (Capacity - 0 ml- 350 ml, 351 ml - 500 ml, 501 ml- 1000 ml, 1000 ml - 3000 ml, and Above 3001 ml; Material Type - Aluminum, Polypropylene, Food Cast PP, Polyamide, and Polyethylene; Product - Stand Up Pouches, Spouted Pouches, Zipper Pouches, Pillow Pack, and 3-Side Sealed; Closure Type - With Cap and Without Cap; Application - Food and Pharmaceuticals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.
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For the study, the Retort Pouches Market has been segmented as follows:
By Capacity
- 0 ml- 350 ml
- 351 ml - 500 ml
- 501 ml- 1000 ml
- 1000 ml - 3000 ml
- Above 3001 ml
By Material Type
- Aluminum
- Polypropylene
- Food Cast PP
- Polyamide
- Polyethylene
By Product
- Stand Up Pouches
- Spouted Pouches
- Zipper Pouches
- Pillow Pack
- 3-Side Sealed
By Closure Type
- With Cap
- Without Cap
By Application
- Food
- Pharmaceuticals
By Geography:
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- Australia
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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