Retort Packaging Market 2021 Global Insights and Business Scenario - Amcor, Ltd, Constantia Flexibles, Clifton Packaging Group Limited, Clondalkin Industries BV, Coveris Holdings SA

The Retort Packaging market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a detailed research study on the global Retort Packaging market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Retort Packaging from 2021 till 2026.

The retort packaging market was valued at USD 41.65 billion in 2020 and is expected to register a CAGR of 7.11% over the forecast period (2021-2026).

Top leading Manufacturers Profiled in Retort Packaging Market Report are: Amcor, Ltd, Constantia Flexibles, Clifton Packaging Group Limited, Clondalkin Industries BV, Coveris Holdings SA, Flair Flexible Packaging Corporation, Mondi PLC, Tetra Pak International S.A, Proampac, Sonoco Product Company, Winpak Ltd, Sealed Air Corp.

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Market Overview

The thermal sterilization of low-acid food products has been a prevalent means of preserving food and is the basis of the evolution of retort packaging. The ease and adaptability of the retort packaging technology resulted in rapid growth of the market.

- Convenience is a major differentiating factor in packaging solutions. Recent innovations in retort packaging have emphasized reducing the overall weight of the materials, without compromising the packaging quality. This emphasis on weight reduction has received wide appreciation and is expected to be extensively adopted by the industry.

- The drastic rise in the number of packaged food products occupying shelf-space in the market, which has boosted the demand for packaged food products, further.

- The consumer goods companies are increasingly depending on packaging solutions, to gain a competitive edge in the market. Consumers are demanding products that have extended shelf life and are easy to use, which, in turn, is driving the companies to develop alternative packaging solutions

Market Segmentation

Segment by Type
Pouches
Trays
Cartons

Segment by Application
Food
Beverage
Healthcare
Personal Care

Regional Analysis for Retort Packaging Market:

For a comprehensive understanding of market dynamics, the global Retort Packaging market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

North America is Expected to Hold Largest Market Share

The United States accounts for more than 20% of the global food retail industry, with an estimated market size of more than USD 1,000 billion. The retail food industry is witnessing growth, owing to the growing demand for packaged food products. Further growth has been forecasted for the market, because of the rise in investments in the healthcare industry, for flexible and retort packaging solutions. The major industry players increasing focus on the lucrative market opportunities has resulted in major revenue-generating opportunities in the region. Being home to some of the biggest retail stores and highly-informed customers, makes North America, a very favorable destination for investments in the retort packaging market.

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News and Updates

The retort packaging market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many of the companies are increasing their market presence by securing new contracts and by tapping new markets. For instance, in May 2018 Packaging companies Amcor and SIG partnered for Aluminum sourcing. The collaboration aims to ensure supply chain of aluminum foil meets Aluminium Stewardship Initiative (ASI). In Feb 2018, Constantia Flexibles is investing a double-digit million euro (INR 100 crore) amount in the expansion of production capacity at its Indian subsidiary Parikh Packaging, in Ahmedabad, Gujarat. The extra capacity is expected to come on stream in 2019 and serve the growing demand from leading multinationals in the food and home and personal care (HPC) industries in India.

What is the Impact of Covid-19 Outbreak on the Retort Packaging?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Retort Packaging.
- Retort Packaging Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Retort Packaging market:

- What are the recent developments and government policies?
- What are the top trends in the Retort Packaging market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Retort Packaging market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 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.

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