Global Retort Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global retort packaging market in its upcoming report titled, “Global Retort Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global retort packaging market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global retort packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global retort packaging market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global retort packaging market report has been segmented on the basis of product type, application, material, and region.
Retort packaging materials are made with special laminated layers that protect food from spills, puncture, and outside contaminants, and these special films are designed for quick, convenient cooking. Retort packaging is a light-weight, shelf stable, and cost saving alternative to metal cans. Retort pouches are flexible, laminated structures that can withstand thermal processing and are utilized to package many different food products including seafood, meats, rice, beans, sauces, prepared meals, and even pet food.
Growth of retort packaging can be attributed to its wide use as an alternative for traditional packing in many end use industries, owing to advantages such as preservation of food and maintaining freshness for a longer period of time. In addition, retort packaging pouches are cost effective, and recyclable which is a major factor fueling growth of the global retort packaging market over the forecast period.
Retort packaging pouches are difficult to dispose naturally, growing demand for environmental-friendly packaging products is a key factor restraining growth of the global retort packaging market. Additionally, reluctance of consumers towards retort packaging pouches in developed economies is a major factor expected to hamper growth of the global retort packaging market over the forecast period.
Innovations in retort packaging to be used in various end use industries such as food & beverages, and pharmaceutical industries can provide opportunities for prominent players in the market to further expand their presence. Moreover, packaging for liquids like soups and baby foods with use of retort packaging may hold potential for expansion for the global retort packaging market.
The market in North America accounted for highest revenue share in the global retort packaging market, followed by the market in Europe. Major factor for growth of retort packaging market in the North America region is rising demand for ready-to-eat food. The market in Asia Pacific is projected to expand with highest CAGR of X.X% over forecast period, owing to changing lifestyle and increasing health consciousness among the consumers in emerging economies in the region.
Global segmentation, by product type:
- Standup pouches
- Plastic treys
Global retort packaging market segmentation, by application:
Global retort packaging market segmentation, by material:
Global retort packaging market segmentation, by region:
- North America
- Asia pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Amcor Limited
- Berry Plastics Corporation
- Mondi Group
- Otsuka Holdings Company Limited
- Astrapak Limited
- Tredegar Corporation
- Bemis Company Inc.
- Clondalkin Industries BV
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