The global retort packaging market size is expected to grow from $3.69 billion in 2021 to $3.86 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The retort packaging market is expected to grow to $4.72 billion in 2026 at a CAGR of 5.1%.
What is the Global Retort Packaging Market?
The retort packaging market consists of the sales of retort packaging pouches, trays, and cartons, and related services by entities (organizations, sole traders, and partnerships) that manufacture retort packaging. The retort packaging is 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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What drives the Global 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. For instance, according to a survey done by the Associated Chamber of Commerce and Industry of India (Assocham) in January 2021, nearly 79% of Indian households prefer to have instant food due to time constraints. Ready-to-eat or ready meals are packed using retort process, the food is pre-cooked, packed and sealed in a retort package and then heated to 250°F or 121°C for several minutes under high pressure to kill common occurring microorganisms to prevent the food from spoiling. Factors such as busy work-life and the rise in single households have boosted the demand for ready-to-eat meals. For instance, in 2019, 14.6% of adults lived alone in the USA which has increased 14.3% from the previous year. The increase in demand for ready-to-eat or ready meals across the globe is driving the retort packaging market growth.
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Global Retort Packaging Market Segments
The global retort packaging market is segmented:
By Product Type: Pouches, Trays, Cartons, Others
By Material: PET, Polypropylene, Aluminum Foil, Polyethylene, Polyamide, Paperboard, Others
By End-Use: Food, Beverages, Others
By Geography: The regions covered in the retort packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Retort Packaging Global Market Report 2022 provides market size and growth forecasts for the global retort packaging market, global retort packaging market share, retort packaging market segments and geographies, retort packaging market competitive landscape including leading competitors’ revenues, profiles and market shares. The retort packaging market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Retort Packaging Industry Players include Amcor, Coveris, Sonoco, Mondi group, Berry Global (RPC Astrapak), Clondlakin, Tredegar, Flair Flexible Packaging Corporation, and Proampac. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
