Retort Packaging Market Size is expected to reach approximately USD 42.05 Billion by 2023

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Retort packaging is developed from heat resistant laminated plastic and metal foil and allows the sterile packaging of food & beverages. Market Research Future has performed an in-depth study of the global Retort Packaging Market Size which has been found to be growing at a healthy CAGR of 7.5% during the assessment period from 2017 to 2023. MRFR has calculated that at the projected trajectory, the global Retort Packaging Market Size is expected to grow to reach a market value of 42.05 Bn by the end of 2023.

Retort packaging helps provided packaged food & beverage with a long shelf life. Moreover, retort packaging destroys microorganisms and lends commercial sterility to packaged products. The increasing availability of disposable income in developing economies combined with the growing demand for packaged food, pet food, and baby food is expected to have a positive impact on the market. Highly hectic day to day schedules of consumers has resulted in the demand for convenient food items that are easy to store over a long period and can be used to prepare meals. Moreover, the presence of a rising birth rate is also expected to have a positive impact on the market, as baby food must be sterile and retort packaging helps ensure this. Additionally, rising adoption of pets is also fueling market growth as retort packaging is used to keep pet food items fresh for a longer period of time, allowing pet owners to stock weekly or monthly rations for pet food. Retort packaging is also easy to open and comes in varieties that are easy to store after opening. Presence of various existing initiatives and new initiative taken by various government bodies in different countries toward the improvement of food hygiene is expected to drive the market.

Segmentation

The global Retort Packaging Market Size has been segmented on the basis of material, packaging type, end-use, and region. Materials used to product retort packaging have been segmented into polypropylene, polyester, aluminum foil, biomaterials, food grade cast polypropylene, nylon, paperboard, and others.
Packaging type has been segmented into cartons, pouches, trays, and others. Among these, the pouches segment leads the market with the largest share due to the flexibility this type of packaging offers. There are a variety of pouches available in the market, and all are lightweight, shelf-stable and convenient to use.
End-use has been segmented into beverage, pharmaceutical, food, and others. The food segment leads the growth of the global market due to the increasing consumption of products such as sauces, curries, and baby food.

Regional Analysis

The Asia Pacific registered the largest share of the global Retort Packaging Market Size and is on track to grow at the highest CAGR during the review period. The key drivers of growth for the APAC regional market are the presence of an expanding and urbanizing population with rising disposable incomes. The demand for easy-to-eat food products is high, and emerging economies display immense potential for growth over the assessment period. The demand for curry, sauces, and other ready-to-eat meals in China & India will spur market growth. North America and Europe are expected to follow the APAC market.

Key Players

Distinguished market players that have been included in MRFR's analysis of the Retort Packaging Market Size include Sealed Air Corporation (U.S.), RockTenn Company (U.S.), Sonoco Products Company (U.S.), Amcor Ltd. (Australia), Otsuka Holdings Company Limited (Japan), Mondi Group (South Africa), Coveris Holdings S.A. (U.S.), Berry Plastics Corporation (U.S.), Ampac Holdings LLC (U.S.), Bemis Company Inc. (U.S), Clondalkin Industries BV (Netherlands), Tredegar Corporation (U.S.), DS Smith PLC (U.K.), and Astrapak Limited (South Africa).

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