Global Retort Pouches Market Overview:
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%
- Rising Need for Increasing Shelf Life to the Product
- Changing Lifestyle Standard Fueled By Rise in Disposable Income
- Rising Applications of Retort Packaging in the Food Industry
- Advancement in the Retort Packaging Solutions
- Issues Related With Recyclability of the Retort Pouches
- Stringent Government Regulations Regarding Packaging
- Growing Demand for the Ready to Eat Food Products
- Increasing Demand from the Developing Countries
- Lack of Acceptance in the Low and Middle Income Group Countries
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Flair Flexible Packaging (Canada), Purity Flexipack Ltd. (India), MST Packaging Co., Ltd. (China) and ProAmpac (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Retort Pouches market by 2024. Considering Market by Closure Type , the sub-segment i.e. With Cap will boost the Retort Pouches market. Considering Market by Capacity , the sub-segment i.e. 0 ml- 350 ml will boost the Retort Pouches market. Considering Market by Material Type, the sub-segment i.e. Aluminum will boost the Retort Pouches market.
“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.”
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Retort Pouches market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Retort Pouches market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Retort Pouches Manufacturers, Retort Pouches Distributors, Potential Investors, Government and Other Regulatory Bodies, Research Institutes and Organizations, Market Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.