Description
Global Retort Packaging Market Research Report – Forecast till 2025
Market Analysis
Global Retort Packaging Market is anticipated to exhibit a 6.49% CAGR during the forecast period. Retort packaging is achieved with the help of sealed plastic pouches or metal cans. This packaging is used for ready to eat and decomposable food items. The packages are then heated to extremely high heat to obtain hygienic packaging. The shelf life of these pouches is approximately one and a half years including zero refrigeration and no preservatives.
The global Retort packaging is expected to witness significant growth during the forecast period owing to the expansion of the industry, market environment, and regulations. Additionally, reduced processing time ensures the food packed in a retort pouch retains maximum nutritional value, taste, aroma, and flavor at the time of consumption is expected to fuel the growth of the market during the study. However, the high competition, rapid changes in technology, and availability of integrated solutions by industry participants are expected to restrict the growth of the market during the review period.
Market Segmentation
Global Retort Packaging Market has been divided into Packaging Type, Material, Application, and Region.
In terms of Packaging Type, the global market has been classified into pouches, trays, cartons, and others. The pouches segment is expected to register at a 6.9% CAGR during the research period. The segment has accounted for the highest market share of 52.86% and reached USD 16,873.29 million in 2019.
In terms of the Material segment, the global market has been classified into paper & paperboard, aluminum foil, polypropylene, polyester, and others. The Application sector divides the Global Retort Packaging Market into food, beverages, and others. During the forecast period, the region is expected to register a 6.7% CAGR.
Regional Analysis
The region-specific analysis of the Global Retort Packaging Market has been classified into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Europe is expected to contribute to the largest market share during the review period owing to the 36.86% market in2018. The regional market is spread into the UK, Germany, France, Spain, and the rest of Europe. The regional market is driven by major companies, such as Mondi Group, Clondalkin Group, and Austria. Furthermore, the surged investment by the companies in the packaging of food and beverage and pharmaceutical products is expected to fuel the market during the assessment period.
The retort packaging market in Asia-Pacific is evaluated to register constant growth, owing to the growing number of fast-moving consumer goods (FMCG). Additionally, the FDI (Foreign Direct Instance) in retail has further expanded the outlook for packaging, which attracts foreign players to establish their facilities in the region.
Major Players
The key players operating in the global retort packaging market are Amcor PLC (Australia), Mondi (Austria), Sonoco Products Company (US), Sealed Air Corporation (US), and Winpak Ltd (Canada) held nearly 41.00% of the market share in 2018. PROAMPAC (US), Constantia Flexibles (US), Clondalkin Group (Netherlands), Coveris Group (Austria), and Clifton Packaging Group Limited (UK).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
