Retort Packaging Market By Type (Pouches, Trays, Cartons, Others), By Material (Paperboard, Aluminum foil, Polypropylene, Others), By End User (Food, Beverages, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global retort packaging market size was at valued at $14,583.1 million in 2020, and is projected to reach $28,522.0 million by 2032, registering a CAGR of 5.6% from 2023 to 2032. Retort packaging is a type of heat sealing that is used for food preservation. It is associated with canning but has many other applications as well, including storing liquids and powders. The process involves sealing the container with a heated lid to create an airtight seal. This ensures that no bacteria or contaminants will be able to enter the container during storage or transport.
Changing lifestyles due to busy schedules is resulting in increasing dependence on processed food. This further is expected to fuel the growth of the retort packaging market. In addition, rapid growth in the food and beverage sector and increasing consumer preference toward on-the-go food & beverages is another factor that is expected to drive the retort packaging market. In addition, rapid globalization has led to a rise in global trade for processed food which will fuel the growth of the retort packaging market.
The increase in demand for snacks and convenience food in small or single-size portions fuels the growth of the retort packaging market. The packaging industry is moving toward flexible packaging, owing to its multi-fold energy and environmental advantages. The demand for packaged food that is either raw or cooked inside a retort pouch is growing at a fast pace globally. For instance, Walmart was the global leader in packaged food sales with a record sale of $605.8 billion in 2023. The reasons are consumers changing lifestyles due to hectic schedules and the increasing number of consumers who do not prefer spending much time on cooking. These factors are expected to increase the demand for processed food, which can consequently result in rising demand and growth of the retort packaging market during the forecast period.
The retort packaging market is segmented on the basis of packaging type, material, end-user industry, and region. By packaging type, the market is categorized into pouches, trays, cartons, and others. On the basis of material type, it is divided into paperboard, aluminum foil, polypropylene, and others. On the basis of end user, it is divided into food, beverages, and others.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players that operate in the global market have adopted key strategies such as product launches and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition AnalysisKey companies profiled in the retort packaging market report include Amcor PLC, Berry Global Group, Inc., Constantia Flexibles Group, Huhtamaki Flexible Packaging Ltd., Mondi Group, ProAmpac, Sonoco Products Company, Sealed Air Corporation, Tredegar Corporation, Winpak Limited.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the retort packaging market analysis from 2020 to 2032 to identify the prevailing retort packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the retort packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global retort packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeTrays
Cartons
Others
Pouches
By MaterialPaperboard
Aluminum foil
Polypropylene
Others
By End UserFood
Beverages
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersProAmpac.
Sonoco Products Company
Sealed Air Corporation.
Winpak Limited
Tredegar Corporation.
Amcor PLC
Constantia Flexibles Group
Berry Global Group, Inc.
Huhtamaki Flexible Packaging Ltd.
Mondi Group
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