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).
Free Valuable Insights: The Worldwide Retort Pouch Market is Projected to reach USD 7.3 billion by 2030, at a CAGR of 6.0%
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.
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 Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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