GCC Retort Pouches Market Overview:
The GCC retort pouches market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2027. Retort pouches are special, flexible plastic pouches that are packed with semi- and fully-cooked food. They are laminated with layers of lightweight plastic and polyethylene terephthalate (PET) films, each offering a unique level of protection, making them a suitable choice for consumable products. When compared with glass jars and metal cans, retort pouches can resist intensive pressure and easily survive extremely high temperatures. Additionally, their lightweight PET film prevents the food content from spoilage and contamination caused due to exposure. They also help enhance shelf life, make the storage and handling of the product convenient, and retain flavors for a prolonged time. In the GCC, retort pouches have become a revolutionized food and beverage packaging for ready-to-eat (RTE) products.
The primary factor driving the retort pouches market in the GCC is the increasing demand for pre-packaged food due to the rising working populace and hectic schedules. This is further supported by the surging population and inflating consumer per capita income. Moreover, the growing awareness regarding the advantageous properties of retort pouches, such as portability, reduced material usage, extended shelf life, and enhanced flavor retention, is acting as another growth-inducing factor. Furthermore, the surging demand for advanced packaging solutions, such as retort pouches, rapid urbanization, and shifting dietary preferences towards ready-to-consume and processed food and beverage products are providing a considerable thrust to the market growth. In line with this, key market players are investing heavily in advanced technologies to introduce eco-friendly and recyclable product variants with an extended shelf life to increase their consumer base, which is creating a positive outlook for the market. Besides this, the surging product application in the pharmaceutical sector, increasing research and development (R&D) activities by key players, and the rising demand for preservatives-free products are accelerating the market growth in the region.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC retort pouches market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC retort pouches market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC retort pouches market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC retort pouches market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC retort pouches market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC retort pouches market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC retort pouches market industry. Furthermore, the value chain analysis of the GCC retort pouches market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Retort Pouches Market Segment Insights:
The GCC retort pouches market has been analysed as followed:
By Product Type:
By Closure Type:
By Material Type:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Retort Pouches Market Report:
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