According to a new report, published by KBV research, The Global Retort Pouch Market size is expected to reach $7.3 billion by 2030, rising at a market growth of 6.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,557.07 kilo tonnes, experiencing a growth of 3.6% (2019-2022).
The Stand-up Pouches segment is leading the Global Retort Pouch Market by Type in 2022; thereby, achieving a market value of $3.9 billion by 2030. Stand-up pouches are favored over conventional packaging for products that require efficient storage because they occupy less space on store shelves and in the homes of consumers. These pouches can be designed with clear windows or made from transparent materials, allowing consumers to see the product inside and enhancing product appeal. Additionally, stand-up pouches offer ample space for branding and product information, allowing manufacturers to differentiate their products and attract consumers' attention on crowded store shelves.
The Tear Notch segment would showcase a CAGR of 6.2% during (2023 - 2030). The tear notch allows for quick and effortless opening of the pouch, making it ideal for products that need to be accessed easily, such as snacks and single-serve items. Snack foods like chips, nuts, dried fruits, and jerky are often packaged in tear-notch retort pouches for convenience and ease of opening. Some beverages, such as single-serve coffee and tea, are packaged in tear-notch retort pouches for convenience and portability. These types of packaging are convenient for consumers to open, as they can be easily torn along the notch without the need for scissors or other tools.
The Food segment dominated the Global Retort Pouch Market by Application in 2022; thereby, achieving a market value of $3.8 billion by 2030. Retort pouches can be used to package various food products, including ready-to-eat meals, sauces, soups, meats, seafood, and vegetables, offering versatility for food manufacturers. They are often more cost-effective than traditional packaging materials like cans or glass jars, requiring less material and energy to produce and transport. These pouches are well-suited for long-distance transportation and storage, making them ideal for the global food industry.
The Polyamide (PA) segment is registering a CAGR of 7.1% during (2023 - 2030). Polyamide is flexible, allowing for producing pouches of various shapes and sizes, which can appeal to consumers and manufacturers. PA is also resistant to chemicals, making it suitable for packaging products that may interact with other substances. Some forms of polyamide are recyclable, which can appeal to consumers and manufacturers looking for sustainable packaging options.
Full Report: https://www.kbvresearch.com/olive-oil-market/
The Asia Pacific region is anticipating the Global Retort Pouch Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.7 billion by 2030. The Europe region is experiencing a CAGR of 5.6% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 5.8% during (2023 - 2030).
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Closure Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Material (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)