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Retort Packaging Market Specifications, Analysis Forecast Upto 2024

12-07-2018 11:41 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Retort Packaging Market Specifications, Analysis Forecast

Nearly half of the world’s population now lives in urban parts and their restless lifestyle is leading to radically changed eating habits, wherein packaged food products are preferred for their convenience. From the production facility to the table of consumers, food products need to be packaged in a way that their nutritious values are preserved and retort packaging provides for an adequate mode of increasing shelf-life of the products. With retort packaging, food products are cocooned in special carrier film which can withstand thermal processing temperature of around 130 degree Celsius, and in turn neutralizes all unwanted micro-organisms.

Browse Market Research Report @ https://www.transparencymarketresearch.com/retort-packaging-market.html

According to this business and commerce report, in terms of value, the demand in the global retort packaging market will propagate at notable CAGR of 7.45% during the forecast period of 2017 to 2024. Revenue-wise, it has been estimated that the opportunities in the global retort packaging market will translate into US$24,706.0 mn by the end of 2024, substantially up from its evaluated worth of US$14,945.0 mn in 2017. In terms of volume, the study has projected the demand to expand at a CAGR of 6.7% and produce a demand for 72,492 mn units by 2024.

Retort Packaging are Ideal for Ready-to-eat Meals

Striking benefits of retort packaging over conventional packaging, such as light weight, convenience, aesthetic appeal, and hygiene are the primary factors that are driving the adoption. In addition to that, increasing demand for ready-to-eat meals, innovations in packaging of baby and toddler food, and mushrooming of supermarkets and hypermarkets across urban areas are some of the other factors augmenting the demand in the global retort packaging market. On the other hand, stringent environmental regulations pertaining to the application of HDPE and PVC is one restraint that is curtailing the prosperity of the retort packaging market.

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That being said, relentless research and development activities that are currently underway to devise ecofriendly packaging material are anticipated to pave way to new opportunities in this market in the near future. The report also analyzes fresh trends of increasing preference of high-barrier transparent films and stand-up pouches, which are foreseen as an alternative for aluminum cans and trays.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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