Press release
Global Retort Packaging Market to Reach $6.41 Billion by 2029, Growing at 7.9% CAGR
Retort Packaging Market
The upsurge in global consumption of ready meals or ready-to-eat foods is fuelling the expansion of the retort packaging market. Ready-to-eat foods are pre-prepared meals that are fully cooked and ready for immediate consumption without the requirement of any further cooking or preparation. Retort packaging, which is well-known for its capacity to maintain the quality and safety of food products while also extending their shelf life, has become a go-to option for packing these readily consumable items. For example, in 2022, as per the United States Department of Agriculture-a federal agency in the US assigned the responsibility of managing food quality, safety, and nutrition labeling-the total amount of US processed food products exported overseas was valued at $38 billion, marking a rise of 10.96% from $34.24 billion recorded in 2021. Additionally, Canada exported processed food items worth $11.43 billion, while Mexico's processed food exports amounted to $5.65 billion in 2022. Thus, the surge in the global demand for ready-to-eat or instant meals is propelling the growth of the retort packaging market.
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What is the projected compound annual growth rate (CAGR) of the retort packaging market from 2025 to 2034, and what factors influence it?
Recent years have seen sturdy growth in the size of the retort packaging market. The market, currently valued at $4.43 billion in 2024, is anticipated to rise to $4.72 billion in 2025, expanding at a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this progressive increase during the historical period include the prevalence of convenience and ready-to-eat food trends, enhanced shelf-life for food items, packaging requirements for military and space missions, economical yet efficient sterilization techniques, and the growth in the number of single-person households.
In the coming years, the retort packaging market is forecasted to experience robust expansion. It is projected to reach $6.41 billion in 2029, boasting a compound annual growth rate (CAGR) of 8.0%. Several factors contributing to this growth in the projected period include the rise in demand for premium and gourmet retort packaging, environmental-friendly and sustainable retort materials, an increase in pet food and baby food packaging, the possibilities for customization and branding, portable packaging formats for convenience, and growth in the pharmaceutical industry. Key trends during the forecast period will range from microwavable and sous-vide retort pouches, stand-up retort pouches for snacks, recyclable and compostable retort materials, retortable containers made of glass and plastic, innovative packaging with QR codes and labels, to retort packaging options for organic and plant-based foods.
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How are the latest trends influencing the growth of the retort packaging market?
Manufacturers of retort packaging are progressively creating recyclable retort pouches to enhance sustainable packaging worldwide. For example, ProAmpac, an American flexible film, foil, and fiber packaging solutions producer, introduced ProActive PCR Retort pouches in April 2022. These pouches utilize post-consumer recycled (PCR) materials, indicating a major advancement towards eco-friendly packaging solutions. The newly launched retort pouches comprise a minimum of 30% PCR content, substantially minimizing dependence on new plastics. This endeavor is in line with ProAmpac's dedication to sustainability and promotes a circular economy by assisting brands in achieving their ecological objectives.
What are the major segments of the retort packaging market and their role in driving growth?
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
Subsegments:
1) By Pouches: Stand-Up Pouches, Flat Pouches, Zip Lock Pouches
2) By Trays: Plastic Trays, Aluminum Trays, Paperboard Trays
3) By Cartons: Gable Top Cartons, Aseptic Cartons, Sleeve Cartons
4) By Other Product Types: Bags, Bottles, Tubs And Containers
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Which regions are key players in the growth of the retort packaging market?
Asia-Pacific was the largest region in the retort packaging market in 2024. The regions covered in the retort packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the retort packaging market?
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
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What Is Covered In The Retort Packaging Global Market Report?
•Market Size Forecast: Examine the retort packaging market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the retort packaging market for a structured understanding.
•Key Players Overview: Analyze major players in the retort packaging market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the retort packaging market.
•Segment Contributions: Evaluate how different segments drive overall growth in the retort packaging market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the retort packaging market.
•Industry Challenges: Identify potential risks and obstacles affecting the retort packaging market.
•Competitive Landscape: Review strategic developments in the retort packaging market, including expansions, agreements, and new product launches.
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