Press release
Retort Packaging Market 2021 Insights, Demand and Business Scenario- Amcor, Coveris, Sonoco, Mondi Group, Berry Global
Global Retort Packaging Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Retort Packaging market size, demand and revenue. The current Retort Packaging market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.The global retort packaging market is expected to grow from $3.54 billion in 2020 to $3.69 billion in 2021 at a compound annual growth rate (CAGR) of 4.28%. The growth is mainly due to the growing demand for food packaging. The market is expected to reach $4.49 billion in 2025 at a CAGR of 5.04%.
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Industry News:
In June 2019, Amcor, a Switzerland-based packaging company acquired Bemis Company, Inc. for a deal amount of $ 6.8 billion. The acquisition is expected to bring additional scale, footprint, research & development capabilities that strengthen Amcor industry value proportion, generate value to the shareholders, and deliver sustainable innovations for the environment. Bemis Company, Inc. is a USA-based packaging company that is engaged in manufacturing pressure-sensitive materials and flexible packaging products.
Scope of this Report:
Markets Covered: 1) By Product Type: Pouches; Trays; Cartons; Others
2) By Material: PET; Polypropylene; Aluminum foil; Polyethylene; Polyamide; Paperboard; Others
3) By End-Use: Food; Beverages; Others
Companies Mentioned: Amcor; Coveris; Sonoco; Mondi Group; Berry Global (RPC Astrapak)
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Executive Summary:
The retort packaging market consists of the sales of retort packaging pouches, trays, and cartons, and related services by entities (organizations, sole traders, and partnerships) that manufacture retort packaging. The retort packaging is a type of packaging made from flexible plastic and metal foils and used to pack cooked or semi-cooked food, sealed and subsequently sterilized to create food packages that have an extended shelf life with no preservatives and refrigeration. The main types of retort packaging are pouches, trays, cartons, others. Retort pouch is also known as reportable pouch that is a made using flexible plastic and metal foil and retort tray is a flat flexible structure made of plastic material. This retort packaging is used in packaging food, beverages, and others. An increase in demand for ready-to-eat or ready meals across the globe is contributing to the growth of the retort packaging market. For instance, according to a survey done by the Associated Chamber of Commerce and Industry of India (Assocham) in January 2020, nearly 79% of Indian households prefer to have instant food due to time constraints. Ready-to-eat or ready meals are packed using retort process, the food is pre-cooked, packed and sealed in a retort package and then heated to 250F or 121C for several minutes under high pressure to kill common occurring microorganisms to prevent the food from spoiling.
Regional Analysis For Retort Packaging Market:
North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Asia Pacific is expected to grow faster in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Browse the Report Description And TOC:
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Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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