Press release
Retort Packaging Market is Expected to Soar in the Upcoming Years 2024 - 2031 | Amcor, Mondi, Sonoco, Clondalkin Group
Retort Packaging Market
The retort packaging market size is expected to reach US$ 64.76 Bn by 2030, from US$ 35.43 Bn in 2023, at a CAGR of 9% during the forecast period.
Market Dynamics:
The retort packaging market is expected to witness significant growth over the forecast period owing to increasing demand from the processed food industry. The processed food industry has been growing rapidly due to changing lifestyles and busy schedules leaving little time for home cooking. Ready-to-eat packaged foods are becoming increasingly popular. Another key factor driving the demand for retort packaging is its ability to preserve food without refrigeration, giving it a longer shelf life. This extends the scope for processed food manufacturers and helps reduce food wastage. The market is also driven by the growing popularity of smaller packaging formats suitable for individual consumption on-the-go.
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Retort Packaging Market Drivers
Increasing demand for extended shelf life preserved food products
Retort packaging helps to extend the shelf life of food products significantly without using any preservatives. It uses high temperature to sterilize packaged food and seal it inside, thus preventing bacterial contamination. This allows food to remain fresh for 6-24 months without refrigeration. The rising demand for canned, frozen and ready-to-eat meals among consumers is a key driver as retort packaging offers the convenience of storing and consuming food products for a longer period of time.
Retort Packaging Market Opportunity
Growing demand from pet food manufacturers
The pet food industry is witnessing rising demand for high-quality, nutritious and convenient pet food products. Retort pouches provide an excellent solution for pet food manufacturers as they protect the nutritional value and flavor profile of pet meals during high temperature sterilization. The non-toxic and easy to use flexible packaging format is also gaining popularity among pet owners. The increasing spending on pet care and humanization of pets in developed markets present significant growth opportunities for retort packaging in the premium pet food segment.
Retort Packaging Market Trends
Adoption of sustainable and eco-friendly packaging
With growing awareness about environmental issues, packaging producers are increasingly focusing on developing sustainable solutions. Many retort packaging manufacturers have started offering bio-based, recyclable, compostable and ocean safe packaging options made from plant-based renewable resources. End-users also prefer products with minimal environmental footprint. The trend reflects the industry's shift towards green packaging trends and emphasizes on reducing plastic waste. Sustainable retort packaging will gain more traction in the coming years with stringent regulations promoting circular economy.
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Top Companies Featured in This Report:
★ Amcor
★ Mondi
★ Sonoco
★ Clondalkin Group
★ Coveris
★ Huhtamaki
★ Winpak
★ Berry Plastics
★ Proampac
★ Flair Flexible Packaging
★ Constantia Flexibles
★ Tetra Pak
★ Sealed Air
★ Plastipak Packaging
★ Printpack
★ Bryce Corporation
★ Floeter India Retort Pouches
★ HPM Global
★ Sopakco Packaging
★ Fujimori Kogyo
Market Segmentation:
By Product Type:
★ By Product Type: Pouches, Trays, Cartons, Others
★ By Material Type: Polypropylene, Polyethylene, Aluminum, Paperboard, Nylon, Others
★ By End-use Industry: Food, Beverages, Pharmaceuticals, Others
★ By Retort Type: Hard Retort, Soft Retort
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Retort Packaging Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Retort Packaging Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Retort Packaging Market?
📈 How does the market share of Retort Packaging Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Retort Packaging Market?
📈 Which segment of the Retort Packaging Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Retort Packaging sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/6495
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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