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Retort Packaging Market Business Outlook, Forecast, 2020–2027 |Covid-19 Scenario, Key Drivers & Top Leading Players

02-10-2021 11:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Retort packaging is a process in which retort pouches are used for packaging. A retort pouch is a packaging material that is made out of a laminate of flexible metal foils and plastic. The retort packaging provides sterile packaging of a wide range of foods and drinks. Retort packaging is a better alternative for traditional canning methods because cans and jars are heavy and bulky. They occupy a fair amount of shelf space, increasing the warehousing and transportation costs whereas, retort pouches are lightweight and occupy less space.

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Retort packaging has applications in field rations, fish products, space food, instant noodles, and more. They can provide substantial cost savings from shipping and transportation as the retort pouches lay flat when empty, which eventually reduces the storage space required.

Drivers, restraints, and opportunities

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. Besides, 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.

However, growing concerns for health and hygienic food is assumed to be a restraining factor for the retort packaging market. On the other hand, incentives and funding by governments of emerging countries like China and others, for the food processing industry can create huge opportunities for the retort packaging market.

Geographic Review

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

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Key Players

Major players analyzed include Amcor PLC, Sonoco, Huhtamaki Oyj, Sealed Air Corporation, Mondi Group, Tredegar Corporation, Otsuka Holdings Co. Ltd, Berry Global Inc., and Coveris

Key segments covered:

By Type

Pouches
Cartons
Others

By Material

Aluminum
Polypropylene
Paperboard
Others

By End-User

Food
Beverages
Pharmaceuticals
Others

For more Details Speak to Our Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/8089

Contact:
David Correa
Portland, OR, United States
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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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