Retort Packaging Market worth $4.5 billion by 2025 | Leading Players are Amcor, Berry Global, Sonoco, Huhtamaki, Mondi Group and Coveris

The report "Retort Packaging Market by Type (Pouches, Trays, and Cartons), Material (PET, Polypropylene, Aluminum foil, PA, PE, and Paperboard), End-use (Food and Beverages), and Region - Global Forecast to 2025", is projected to grow from USD 3.5 billion in 2020 to USD 4.5 billion by 2025, at a CAGR of 5.1% from 2020 to 2025. The market is projected to grow following the surge in demand for more convenient food packaging from consumers which aligns with their day to day life.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114264174

In terms of value and volume, pouches is estimated to lead the retort packaging market in 2019.
Pouches by type accounted for the largest market share among all the types of retort packaging because of the increase in demand for the pouches from the ready to eat or ready meals manufacturers. These retort pouches have properties such as high strength, flexibility, and lightweight, which has made it a significant alternative to tin cans. Retort pouches uses 5% less traditional materials than tin cans and it also preserves food for longer time

In terms of value and volume, polypropylene, by material, is estimated to lead the retort packaging market in 2019.
Polypropylene, by material, led the retort packaging market in 2019, in terms of value and volume. Polypropylene is used in the inner layer of the retort package which acts as heat sealant materials. Other properties include high strength, transparent, glossy film and high puncture resistance. The growth of polypropylene is attributed to the increasing demand for retort pouches from the ready meal industry.

APAC region is projected to account for the largest share in the cosmetic packaging market during the forecast period.
APAC region is projected to lead the retort packaging market, in terms of both value and volume from 2020 to 2025. An increase in demand for retort packages in emerging economies as well as a boost in demand for convenient products from consumer drives the investments of manufacturers to develop unique & innovative packaging solutions. This in turn, increases the demand for retort packages and is further expected to boost the market in the APAC region.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=114264174

Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Mondi Group (South Africa), and Coveris (Us) are the key players operating in the retort packaging market. Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the cosmetic packaging market.

Key Questions Addressed by the Report:
o What are the global trends in the retort packaging market? Would the market witnessed an increase or decline in the demand in the coming years?
o What is the estimated demand for different types of retort packaging?
o Where will the strategic developments take the industry in the mid to long-term?
What are the upcoming industry applications and trends for retort packaging?
o Who are the major players in the retort packaging market globally?

Contact:
Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.