Retort Packaging Market, 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, S
Retort Packaging Market, 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), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
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.
Figure 1. Global Retort Packaging Market Share (%), By Region, 2023
Retort packaging has emerged as a popular packaging solution in various industries due to its ability to extend the shelf life of products without the need for preservatives. It is a type of flexible packaging that is designed to withstand high-temperature processing, making it suitable for use in the food and beverage industry. The retort packaging market has witnessed significant growth in recent years and is expected to continue its upward trajectory.
Market Dynamics:
The demand for retort packaging is driven by several factors. Firstly, the increasing consumer preference for convenience foods has led to a rise in the demand for packaging solutions that offer ease of use and portability. Retort packaging provides a lightweight and durable option, making it ideal for on-the-go consumption. Secondly, the growing concern about food safety and the need for extended shelf life have prompted manufacturers to adopt retort packaging to preserve the freshness and quality of their products.
In addition, retort packaging offers environmental benefits as it is recyclable and reduces food waste. This has garnered the attention of sustainability-conscious consumers and governments alike, further driving market growth. The expanding e-commerce sector has also contributed to the rise in demand for retort packaging, as it offers efficient and cost-effective packaging solutions for shipping goods.
Despite the numerous opportunities in the retort packaging market, there are a few challenges that need to be addressed. The high cost of retort packaging materials and the complex manufacturing process are some of the factors that may hinder market growth. Additionally, stringent regulations and safety standards imposed by regulatory bodies can pose challenges for manufacturers in terms of compliance.
Key features of the study:
This report provides in-depth analysis of the global retort packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global retort packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Amcor, Mondi, Sonoco, Clondalkin Group, Coveris, Huhtamaki, , Berry Plastics , Winpak, and others
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global retort packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global retort packaging market
Detailed Segmentation:
Retort Packaging Market, By Product Type
Pouches
Trays
Cartons
Others (Cans, Bottles)
Retort Packaging Market, By Material Type
Polypropylene
Polyethylene
Aluminum
Paperboard
Nylon
Others (PET, EVOH)
Retort Packaging Market, By End-use Industry
Food
Ready-to-eat meals
Meat, poultry and seafood
Pet food
Baby food
Soups and sauces
Beverages
Pharmaceuticals
Others
Retort Packaging Market, By Retort Type
Hard Retort
Horizontal retorts
Vertical autoclaves
Soft Retort
Pouch sterilizers
Rotary sterilizers
Retort Packaging Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Top Companies in Retort Packaging Market:
Amcor
Mondi
Sonoco
Clondalkin Group
Coveris
Huhtamaki
Winpak
Berry Plastics
Proampac
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Retort Packaging, By Product Type
Market Retort Packaging, By Material Type
Market Retort Packaging, By End-use Industry
Market Retort Packaging, By Retort Type
Market Retort Packaging, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Surging demand for packaged and ready-to-eat foods
High capital investment requirements
Rising demand from developing economies
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Retort Packaging Market – Impact of Coronavirus (COVID-19) Pandemic