The Latin America, Middle East and Africa Retort Pouch Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 308.22 kilo tonnes, showcasing a growth of 6.5% (2023-2030).
Demand for retort pouches is expanding rapidly due to a number of factors, including urbanization and an increase in disposable income, particularly in developing regions. This growth is particularly evident in regions like Asia Pacific and Latin America, where rapid economic development leads to significant consumer preferences and lifestyle shifts.
Additionally, as disposable incomes rise, consumers in these regions increasingly seek out convenient and ready-to-eat food options, driving the demand for packaging solutions like retort pouches that offer convenience and product freshness.
As an illustration, the National Disposable Income of Nigeria increased by 1.08% and 4.98% in the third and fourth quarters of 2022, respectively. This was reported by the Government of Nigeria. Positive growth in National Disposable Income has been observed since the fourth quarter of 2021, with Q3 and Q4 of 2022 exhibiting a superior performance compared to Q3 and Q4 of 2021.
The Brazil market dominated the LAMEA Retort Pouch Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $185.9 million by 2030. The Argentina market is showcasing a CAGR of 8.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7% during (2023 - 2030).
Based on Type, the market is segmented into Stand-up Pouches, and Flat Pouches. Based on Closure Type, the market is segmented into Zipper, Tear Notch, and Spout. Based on Application, the market is segmented into Geospatial Food, Beverages, Pet Food, and Others. Based on Material, the market is segmented into Polypropylene (PP), Polyethylene (PE), Polyamide (PA), Polyethylene Terephthalate (PET), Aluminium Foil, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Demand for retort pouches is expanding rapidly due to a number of factors, including urbanization and an increase in disposable income, particularly in developing regions. This growth is particularly evident in regions like Asia Pacific and Latin America, where rapid economic development leads to significant consumer preferences and lifestyle shifts.
Additionally, as disposable incomes rise, consumers in these regions increasingly seek out convenient and ready-to-eat food options, driving the demand for packaging solutions like retort pouches that offer convenience and product freshness.
As an illustration, the National Disposable Income of Nigeria increased by 1.08% and 4.98% in the third and fourth quarters of 2022, respectively. This was reported by the Government of Nigeria. Positive growth in National Disposable Income has been observed since the fourth quarter of 2021, with Q3 and Q4 of 2022 exhibiting a superior performance compared to Q3 and Q4 of 2021.
The Brazil market dominated the LAMEA Retort Pouch Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $185.9 million by 2030. The Argentina market is showcasing a CAGR of 8.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7% during (2023 - 2030).
Based on Type, the market is segmented into Stand-up Pouches, and Flat Pouches. Based on Closure Type, the market is segmented into Zipper, Tear Notch, and Spout. Based on Application, the market is segmented into Geospatial Food, Beverages, Pet Food, and Others. Based on Material, the market is segmented into Polypropylene (PP), Polyethylene (PE), Polyamide (PA), Polyethylene Terephthalate (PET), Aluminium Foil, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Amcor Plc
- Sonoco Products Company
- Mondi Plc
- Coveris Management GmbH (Sun Capital Partners, Inc.)
- Sealed Air
- Flair Flexible Packaging Corporation
- Winpak Ltd. (Wihuri International Oy)
- Constantia Flexibles Group GmbH (Multi-Color Corporation)
- Huhtamaki Oyj
- HPM Global Inc.
Market Report Segmentation
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)- Stand-up Pouches
- Flat Pouches
- Zipper
- Tear Notch
- Spout
- Food
- Beverages
- Pet Food
- Others
- Polypropylene (PP)
- Polyethylene (PE)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Aluminium Foil
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. LAMEA Retort Pouch Market by Type
Chapter 6. LAMEA Retort Pouch Market by Closure Type
Chapter 7. LAMEA Retort Pouch Market by Application
Chapter 8. LAMEA Retort Pouch Market by Material
Chapter 9. LAMEA Retort Pouch Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Amcor Plc
- Sonoco Products Company
- Mondi Plc
- Coveris Management GmbH (Sun Capital Partners, Inc.)
- Sealed Air
- Flair Flexible Packaging Corporation
- Winpak Ltd. (Wihuri International Oy)
- Constantia Flexibles Group GmbH (Multi-Color Corporation)
- Huhtamaki Oyj
- HPM Global Inc.
Methodology
LOADING...
