Retort Packaging Market is Expected to Valuation of US$ 28.4 Billion by 2031, Globally | Transparency Market Research, Inc.
Increasing disposable incomes, changing lifestyles, and rising awareness of heat-resistance, flexible, and lightweight packaging solutions drive the global retort packaging market
Wilmington, Delaware, United States, Sept. 25, 2023 (GLOBE NEWSWIRE) -- The retort packaging market was estimated to have acquired US$ 16.2 billion in 2020. It is anticipated to register a *5.2**% CAGR from 202**1** to 2031* and by 2031, the market is likely to gain US$ 28.4 billion. The key element driving the market for retort packaging is the rising demand for convenience foods. Consumers are increasingly seeking convenient and ready-to-eat food options due to busy lifestyles. Retort packaging offers a convenient and shelf-stable solution, making it ideal for a wide range of food products, including meals, soups, and snacks.
The demand for retort packaging is also being driven by extended shelf life. Retort packaging helps extend the shelf life of products, reducing food waste and allowing manufacturers to distribute their products to a wider geographic area, including remote regions.
The ongoing global trend of urbanization is driving the demand for packaged and processed foods. Retort packaging caters to the needs of urban consumers who require convenient and portable food options.
Retort packaging preserves the freshness, taste, and nutritional value of food products, which aligns with consumer preferences for high-quality, minimally processed foods.
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*Market Snapshot:*
*Report Coverage* *Details*
Estimated Revenue US$ 28.4 Bn
Growth Rate - CAGR 5.2%
Forecast Period 2021-2031
No. of Pages 224 Pages
Market Segmentation By Product Type, Material Type, End Use
Regions Covered North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Companies Covered Amcor plc., Mondi Group, Huhtamaki Oyj, Sealed Air Corporation, Winpak Ltd, Sonoco Products Company, Coveris Holdings S.A., Proampac LLC, Tredegar Corporation, Avonflex, ALLIEDFLEX Technologies, Inc., DNP America, LLC., Clifton Packaging Group Ltd, Printpack, Inc., Paharpur 3P, Constantia Flexibles Group GmbH, Flair Flexible Packaging Corporation, HPM Global Inc., LD PACK Co., Ltd
*Key Findings of Market Report *
· Rapid urbanization and changing consumer preferences in emerging markets present significant growth opportunities for the retort packaging industry. The markets often lack infrastructure for refrigeration and rely on shelf-stable food products.
· The healthcare and baby food sectors are increasingly adopting retort packaging for products like baby food, dietary supplements, and medical nutrition, as these products require long shelf lives and a high level of safety.
· Continued advancements in retort technology, including better control systems, automation, and sterilization techniques, can lead to improved product quality, cost-effectiveness, and expanded applications.
· The growth of e-commerce and direct-to-consumer sales channels has created opportunities for innovative retort packaging solutions that ensure product safety during shipping and handling.
*Market Trends **for* *Retort Packaging*
· The trend towards healthier and organic food choices is influencing the types of products being packaged using retort technology. Health-conscious consumers are looking for options that are preservative-free and maintain the nutritional integrity of the food.
· The development of microwaveable retort packaging allows for quick and convenient heating of packaged products, catering to the demands of consumers looking for on-the-go meal solutions.
· Brands are investing in innovative packaging designs and graphics to differentiate their products and enhance the consumer experience. Eye-catching packaging can influence purchase decisions.
· The globalization of food trade has led to increased demand for retort packaging, as it enables products to be transported safely over long distances and comply with international food safety regulations.
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*Global Market for **Retort Packaging**: Regional Outlook*
Various reasons are propelling the growth of the retort packaging market in different regions. These are:
*North America*
· North American consumers are increasingly seeking convenient, ready-to-eat, and shelf-stable food options due to busy lifestyles. Retort packaging enables the preservation of a wide range of products, making them convenient choices for consumers.
· Health-conscious consumers in North America are looking for food products that retain their nutritional value while remaining convenient. Retort packaging allows for the preservation of nutrients and flavors in foods, catering to this demand.
*Asia Pacific*
· Evolving dietary preferences and a growing preference for processed and packaged foods, particularly among younger consumers, are driving the demand for retort-packaged products in Asia Pacific.
· The growth of convenience stores and a culture of on-the-go eating in countries like Japan and South Korea is boosting the demand for retort packaging, as these products are often sold in such outlets.
*Global **Retort Packaging** Market: Key Players *
Several firms hold the majority of the market share in the retort packaging industry. The market's major companies are concentrating on diversifying their product lines. The big players' primary strategy includes mergers and acquisitions. In order to acquire a competitive edge in the industry, market competitors are concentrating on offering high-quality services.
The following companies are well-known participants in the global retort packaging market:
· Amcor plc.
· Mondi Group
· Huhtamaki Oyj
· Sealed Air Corporation
· Winpak Ltd
· Sonoco Products Company
· Coveris Holdings S.A.
· Proampac LLC
· Tredegar Corporation
· Avonflex
· ALLIEDFLEX Technologies, Inc.
· DNP America, LLC.
· Clifton Packaging Group Ltd
· Printpack, Inc.
· Paharpur 3P
· Constantia Flexibles Group GmbH
· Flair Flexible Packaging Corporation
· HPM Global Inc.
· LD PACK Co. Ltd*Key developments in the global **retort packaging **market are:** *
· In 2023, Amcor announced the launch of its new Amcor ProActive PCR Retort Pouch, which is a sustainable retort pouch made with post-consumer recycled (PCR) content.
· In 2023, Constantia Flexibles announced the development of its new Constantia EcoLam Retort Pouch, which is a lightweight and recyclable retort pouch.
· In the same year, Mondi announced the expansion of its retort packaging production capacity in China to meet the growing demand for retort packaging in the Asia-Pacific region.
· In 2022, Tetra Pak announced the launch of its new Tetra Pak Retort Aseptic Carton, which is a sustainable retort carton that is made from recycled materials and is recyclable.
*Partial Table of Content (**ToC**):*
*1. Executive Summary*
1.1. Market Overview
1.2. Market Analysis
1.3. TMR Analysis and Recommendations
*2. Market Viewpoint*
2.1. Market Definition
2.2. Market Taxonomy
*3. Retort Packaging Market Overview*
3.1. Introduction
3.2. Global Packaging Market Overview
3.3. Global Flexible Packaging Industry Outlook
3.4. Global Rigid Packaging Market Outlook
3.5. Global Food & Beverage Industry Overview
3.6. Global Healthcare Sector Outlook
3.7. Retort Packaging vs Aseptic Packaging: Comparative Analysis
3.8. Macro-economic Factors – Correlation Analysis
3.9. Forecast Factors – Relevance & Impact
3.10. Retort Packaging Market Value Chain Analysis
3.10.1. Exhaustive List of Active Participants
3.10.1.1. Raw Material Suppliers
3.10.1.2. Retort Packaging Manufacturers
3.10.1.3. Distributors/Retailers
3.10.1.4. End-users/Customers
3.10.2. Profitability Margins
*4. Impact of COVID-19*
4.1. Current Statistics and Probable Future Impact
4.2. Impact of COVID-19 on Packaging Industry
*5. Retort Packaging Market Analysis*
5.1. Pricing Analysis
5.1.1. Pricing Assumption
5.1.2. Price Projections By Region
5.2. Market Size (US$ Mn) and Forecast
5.2.1. Market Size and Y-o-Y Growth
5.2.2. Absolute $ Opportunity
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*Global **Retort Packaging** Market Segmentation *
· *Product Type*
· Pouches
· Stand-up Pouches
· Back-seal Quad
· Spouted Pouches
· Gusseted Pouches
· Trays
· Cartons
· Cans
· *Material Type*
· Plastic
· Polyamide (PA)
· Polyester (PET)
· Ethylene Vinyl Alcohol (EVOH)
· Polypropylene (PP)
· Polyethylene (PE)
· Other Plastics (PC, PVDC, etc.)
· Metal
· Paper & Paperboard
· *End Use*
· Food
· Meals Ready-to-Eat (MRE)
· Meat, Poultry & Sea Food
· Pet Food
· Baby Food
· Soups & Sauces
· Others (Desserts, Spices & Condiments, etc.)
· Beverage
· Alcoholic
· Non-alcoholic
· *Region** *
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
*About Transparency Market Research*
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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