Press release
Retort Packaging Market Cost Effectiveness Continues to Drive Market
Players within this market are striving to achieve product differentiation by means of innovation in design and product features. This is helping them succeed in this competitive environment.
Players such as Mondi Group have developed retort stand-up pouches which has a high definition rotogravure printing feature. The package thus has enhanced texture and graphics and has helped the Mondi Group to achieve success in the global retort packaging market.
Obtain Report Details:
https://www.transparencymarketresearch.com/retort-packaging-market.html
According to Transparency Market Research, the global retort packaging market will be worth US$24,706 mn by 2024. On the basis of product, the market will be led by the retort pouches segment. The segment was leading even in the past and accounted for 45.8% of the market in 2016.
The high demand for flexibility and increased need for heat resistant plastics for processing at temperature of around 127° C in time of manufacturing are some of the factors boosting the growth of the retort packaging segment market. On the basis of geography, Asia Pacific accounted for 34% of the market by revenue in the year 2016.
The Asia Pacific retort packaging market is estimated to be one of the most lucrative regional markets in the future, stated a TMR analyst. Between 2016 and 2024 the Asia Pacific retort packaging market is expected to witness a CAGR of 7.8%. The European and North American markets for retort packaging are expected to be key markets apart from Asia Pacific.
Cost Effectiveness Continues to Drive Market
The increased demand for retort packaging by consumers as well as by manufacturers is one of the key factors boosting the growth of the market. The growing popularity of retort packaging can be attributed to its eco friendly nature on account of the use of AlOx-coated polyethylene terephthalate (PET), which is an easily available packaging material.
Make Enquiry @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6266
AlOx-coated polyethylene terephthalate can also be used in microwaves and thus, their demand is high. This form of packaging meets the sterilization requirement of packaging at lower temperature and also uses less than 5% of the packaging material as used by aluminum trays and cans.
Thus, retort packaging is cost effective for packaging manufacturers and also increases profitability among manufacturers, leading to a win win situation for both the parties. Thus, the market will continue to witness a high growth within the forecast period.
Eco-friendly Packaging to Gain Traction
Some of the factors inhibiting the growth of the global retort packaging market is the increasing concerns of waste generated by packaging products. There are various harmful effects of non-biodegradable waste which is generated from packaging products.
This is anticipated to hamper the growth of the market. The demand for eco friendly packaging is gaining traction and has become a popular trend across the globe. This is especially true for developed countries and the emerging economies are fast catching up with this trend.
Get TOC @ https://www.transparencymarketresearch.com/report-toc/6266
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Retort Packaging Market Cost Effectiveness Continues to Drive Market here
News-ID: 766325 • Views: …
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Transparency
transparency market research
The global Custom Antibody Market market is estimated to attain a valuation of US$1 Billion by the end of 2033, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 0.085% during the forecast period, 2023 to 2033.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading…
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
eDataCenterAnalyzer Increases Transparency in Data Centers
30 June 2016. Walldorf, Germany. – fluid Operations™ AG (fluidOps), a leader in semantic technologies, today launched eDataCenterAnalyzer™, an app that increases transparency in data centers. With the launch of this app and new releases of its Smart Data Platform Information Workbench™ and cloud management app eCloudManager™, the company has set the cornerstone for the future development of its product portfolio.
eDataCenterAnalyzer combines the full functionality of Information Workbench with innovative…
Transparency across the entire process chain
Leitner Spedition implements best4log-x
• Austrian trucking company uses arvato Systems solution
• End-to-end process management provides higher efficiency
(arvato Systems) Gütersloh / Unterpremstätten – Since the beginning of 2015, the Austrian trucking company Leitner Spedition has been working with the best4log-x transport management system. This SAP-based solution from arvato Systems provides an integrated digital information flow and supports mid-sized companies in achieving a transparent process design. Controlling and Reporting have seen a…
