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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 Brown Zip Lock Bags
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!
What are the key data covered in this Retort Pouches Market report?
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The pouch packaging machinery market size is expected to increase by USD 2.03 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5%. Furthermore, this report extensively covers market segmentation by product (HFFS, VFFS, and SUP) and geography (Europe , North America , APAC, South America , and MEA). One of the key factors driving growth in the pouch packaging machinery market is the growing demand for pouch packaging.
According to Technavio's analyst, the pouches market size is expected to be valued at USD 12.92 billion by 2026 with a progressing CAGR of 5.37%. Furthermore, this report extensively covers market segmentation by type (Flat, Stand up, Spout, and Others) and geography (APAC, North America , Europe , South America , and Middle East and Africa ). The rising focus on improving the shelf life of products is notably driving the market growth.
Accelerate at a CAGR of 7.59%
North America, Europe, APAC, South America, and Middle East and Africa
US, Canada, China, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
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.
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
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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.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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