Retort Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Retort Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global retort packaging market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

Retort packaging refers to semi-rigid laminated plastic pouches that are used for sealing and packing various cooked and semi-cooked microwavable food products after their subsequent sterilization. It relies on the thermal food processing technique, wherein sealed pouches are placed under an autoclave machine to heat packages with steam or hot water under pressure. Currently, retort packaging is manufactured by combing the layers of various materials, such as nylon, polyester (PE), aluminum foil, and polypropylene (PP). These coatings are abrasion-resistant, offer optimal strength to pouches and excellent printable surfaces, and protect the product from light gases and odor. Apart from this, retort packaging is lightweight, assists in quickly transferring heat, ensures content sterilization, and extends product shelf life with no preservatives and refrigeration. As a result, retort packaging is utilized to maintain the color, aroma, texture, and taste of food products by maintaining their overall quality.

Retort Packaging Market Trends:

The considerable expansion in the food and beverage (F&B) sector on account of the increasing consumption of various processed, ready-to-eat (RTD) products is majorly driving the market growth. Furthermore, the rising need for lightweight, heat-resistant, laminated plastic packaging solutions in the transportation and warehousing activities to reduce product wastage and shipment costs is acting as another growth-inducing factor. Additionally, the shifting inclination of manufacturers toward retort packaging over conventional metal cans and other packaging solutions, owing to their better surface-to-volume ratio that lowers cooking time, is supporting the market growth. Moreover, the growing usage of e-commerce platforms to purchase consumer goods, especially during the COVID-19 pandemic, has supplemented the demand for retort packaging across the globe. Other factors, such as evolving consumer preferences and strategic collaborations amongst key players to launch retort packaging in cans, pouches, and tray forms with aesthetically appealing designs, are positively augmenting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global retort packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on packaging type, material type and end user.

Breakup by Packaging Type:

Pouches
Cartons
Trays
Others

Breakup by Material Type:

Polypropylene
Polyester
Aluminum Foil
Paper Board
Nylon
Food Grade Cast Polypropylene
Others

Breakup by End User:

Food
Beverages
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor plc, Clifton Packaging Group Limited, Constantia Flexibles, Coveris, DNP America LLC (Dai Nippon Printing Co. Ltd.), FLAIR Flexible Packaging Corporation, Huhtamäki Oyj, Mondi plc, Otsuka Holdings Co. Ltd., ProAmpac, Sealed Air Corporation, Sonoco Products Company and Tetra Pak (Tetra Laval Group).

Key Questions Answered in This Report:

How has the global retort packaging market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global retort packaging market?
What are the key regional markets?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global retort packaging market and who are the key players?
What is the degree of competition in the industry?