Press release
Retort Packaging Market Set for Strong Growth, Projected to Reach $5.85 Billion by 2028 with a 7.1% CAGR, Fueled by Eco-Friendly Solutions and Customization
Retort Packaging Market Report
The retort packaging market size is expected to see strong growth in the next few years. It will grow to $5.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to premium and gourmet retort packaging, eco-friendly and sustainable retort materials, growth in pet food and baby food packaging, customization and branding opportunities, on-the-go and portable packaging formats, expansion in the pharmaceutical industry. Major trends in the forecast period include microwavable and sous-vide retort pouches, retort stand-up pouches for snacks, recyclable and compostable retort materials, retortable glass and plastic containers, smart packaging with qr codes and labels, retort packaging for plant-based and organic foods..
Market Overview -
Retort packaging refers to 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.
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Growing Demand For Ready-To-Eat Meals Drives Expansion Of The Retort Packaging Market
An increase in demand for ready-to-eat or ready meals across the globe is contributing to the growth of the retort packaging market. Ready-to-eat food products refer to prepared foods that are fully cooked and can be consumed immediately without the need for further cooking or preparation. Retort packaging, characterized by its ability to preserve the quality and safety of food products while extending their shelf life, has emerged as a preferred choice for packaging these ready-to-eat items. For instance, in 2022, according to the United States Department of Agriculture, a federal agency in the US responsible for overseeing aspects of food quality and safety as well as nutrition labeling, the total value of US processed food products exported from the country accounted for $38 billion, an increase of 10.96% from $34.24 billion in 2021. In addition, Canada exported processed food products valued at $11.43 billion, while Mexico exported processed food products valued at $5.65 billion in 2022. Therefore, increase in demand for ready-to-eat or ready meals across the globe is driving the retort packaging market growth.
Competitive Landscape -
Major companies operating in the retort packaging market include Amcor Ltd., Coveris Flexibles UK Ltd., Sonoco Products Company, Mondi Group Plc, Berry Global Group Inc., Clondalkin Group, Tredegar Corp., Flair Flexible Packaging Corporation, ProAmpac Holdings Inc., Huhtamaki Oyj, Clifton Packaging Group Pvt Ltd., Winpak Ltd., Otsuka Holdings Co Ltd., HPM Global Inc., Avonflex Pvt Ltd., Alliedflex Technologies Inc., Constantia Flexibles International GmbH, AB Tetra Pak, Techni-Pak LLC, Lithotype Company Inc., Fujimori Kogyo Co Ltd., Pyramid Packaging Pvt Ltd., DNP Imagingcomm America Corporation, Printpack Inc., Paharpur 3P Pvt Ltd., Bemis Company Inc., Sealed Air Corporation, Ampac Holdings LLC, Scholle IPN India Packaging Pvt Ltd., American Packaging Corporation, Lawrence Packaging Supply Corporation
Rise Of Recyclable Retort Pouches Advancing Sustainability In Retort Packaging
Retort packaging manufacturers are increasingly developing recyclable retort pouches to increase sustainable packaging across the globe. For instance, in January 2021, ProAmpac announced it has developed recycle ready retort pouch for pet and human food, this product is added to ProAmpac ProActive Sustainability product portfolio, a set of packaging solutions that are helping ProAmpac customer to meet their greener packaging goals. Moreover, in September 2020, Amcor, a Switzerland-based packaging company, and Nestle, a Switzerland-based food and beverage company collaborated to develop a recyclable retort pouch for pet food.
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Key Segments -
The retort packaging market covered in this report is segmented -
1) By Product Type: Pouches, Trays, Cartons, Other Product Types
2) By Material: PET, Polypropylene, Aluminum foil, Polyethylene, Polyamide, Paperboard, Other Materials
3) By End-Use: Food, Beverages, Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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