Press release
Retort Packaging Market is Forecast to Reach USD 6.05 billion by 2031, Growing at a CAGR of 4.92% During 2024-2031 | Mondi, Tetra Laval Group, ProAmpac.
Retort Packaging Market
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What is the projected growth of the Global Retort Packaging market?
Global Retort Packaging Market reached US$ 4.12 billion in 2022 and is expected to reach US$ 6.05 billion by 2031, growing with a CAGR of 4.92% during the forecast period 2024-2031.
What is Retort Packaging Market?
The Retort Packaging Market focuses on heat-resistant, multilayer packaging designed for sterilized food and beverage products. Commonly used for ready-to-eat meals, soups, and pet food, it extends shelf life while preserving flavor and nutrients. Market growth is driven by rising demand for convenient, lightweight, and eco-friendly packaging solutions, alongside advancements in food processing technology.
Who are the major players in the Retort Packaging market?
The prominent players in Retort Packaging market research report are:
Amcor plc, Constantia Flexibles, Clifton Packaging Group Limited, Coveris, FLAIR Flexible Packaging Corporation, Mondi, Tetra Laval Group, ProAmpac, Sealed Air, and Otsuka Holdings Co., Ltd.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In October 2021, Mondi, a leading provider of paper and packaging solutions, expanded its portfolio of sustainable food and pet food packaging with the launch of RetortPouch Recyclable. This high-barrier pouch is designed to replace complex, multi-layered, and non-recyclable packaging, offering an eco-friendly solution for various meals and wet pet food products.
In April 2023, Huhtamaki introduced a new line of sustainable flexible packaging, featuring three alternative material options: PAPER, PE (polyethylene), and PP (polypropylene) Retort. This innovation aligns with the company's commitment to providing more environmentally friendly packaging solutions.
In November 2022, ProMach, a global packaging solutions provider, acquired Ferlo, a manufacturer specializing in retorts, pasteurizing tunnels, and product handling automation systems. This acquisition enhances ProMach's position in the processing equipment market, strengthens its supply chain partnerships, and expands its global presence in the retort industry.
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Market Segments
By Product Type: Pouches (Stand- up Pouches, Gusseted Pouches, Back-seal Quad, Spouted Pouches), Tray, Cartons, Others.
By Form: Flexible, Rigid, Semi-rigid.
By Material: Cast Polypropylene, Nylon, Polyester, Polyethylene, Aluminum Foil, Paper & Paperboard, Others.
By Application: Food (Sea Food, Pet Food, Baby Food, Meals Ready-to-Eat (MRE), Soups & Sauces, Others), Beverages, Pharmaceuticals, Others.
The Retort Packaging industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Retort Packaging Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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