Retort Packaging Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2018–2028
The global Retort
Packaging Market is projected to be valued at USD 6.13 billion by
end of 2028 from valuation of 4 billion in 2020, expanding at a CAGR of 5.5%
over the forecast period. The growing demand for ready-to-eat or ready-to-cook
meals across the globe is fuelling growth of the retort packaging market.
Additionally, the other factors impacting growth of the market include
increasing demand for packaged food and beverages owing to growing single
households, busy work life, and increasing spending power.
Retort packaging offers convenience and reduce overall weight
of material, which is further encouraging adoption by the end use industries.
This is a key factor driving growth of the retort packaging market and is
likely to be same over the forecast period. Furthermore, the US Food and Drugs
Administration (FDA) has approved the raw material and suggested that the
packaging is safe for the sterilization process for enhancement of shelf life.
This results in durability of packaging; rising awareness about such packaging
is benefiting growth of the retort packaging market.
Get
a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3894
Key players operating in the retort packaging market such as Berry Global Inc., Amcor PLC, Coveris,
Sonoco, Huhtamaki Oyj, and Mondi Group. These key players are increasingly
adopting several strategies to strengthen their product portfolios, enhancing
growth prospects, and expansion of their presence in the retort packaging
market.
Key Findings from the Report
- Based
on type, the pouches segment is projected to hold substantial share in the
retort packaging market and is likely to retain its dominance over the
forecast period. The pouches segment is estimated to expand by exhibiting
fastest CAGR over the forecast period owing to beneficial properties of
retort pouches such as lightweight, less spacing consuming.
- Based
on the end use, the food segment is estimated to hold substantial share in
the revenue of overall market revenue owing to its demand for improved
packaging for ready-to-eat meals, pet food, meat poultry & seafood,
and baby food.
- Regionally,
the Asia Pacific region is projected to hold substantial share in the
overall revenue of the market owing to the factors such as largest
population in the region, increasing per capita income, and busy lifestyle
of people are driving regional growth from past few years. Additionally,
robust adoption and flourishing packaged food industry in the countries
such as Australia, China, Japan, and South Korea is driving regional
growth of the market.
- The
key players in the consumer goods are increasingly depending on packaging
solutions, to gain a competitive edge. In order to gain this, the
consumers are demanding with extended shelf life and are easy to use.
Request
a customization on the report @ https://www.reportsanddata.com/request-customization-form/3894
For the purpose of this report, Reports and Data has
segmented the global retort packaging market on the basis of packaging
type, packaging, process, end user, and region:
By Type
- Pouches
- Trays
- Cartons
- Others
By Material
- PET
- Polypropylene
- Aluminum
foil
- Polyethylene
- Polyamide
- Paperboard
- Others
By End-use
- Food
- Beverages
- Others
Retort Packaging Market Segmentation
by Region:
North
America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Scope of the Retort Packaging Market
Report:
The
report offers an extensive assessment of the growth rate and the market size
based on the dynamics of the industry and the factors influencing the growth of
the market. The report is formulated through authentic sources and verified and
validated by industry experts. The report has been formulated through extensive
primary and secondary research. It also covers the evaluation of market and
competitive landscape along with SWOT analysis and Porter’s Five Forces
analysis of the leading companies.
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/retort-packaging-market
Moreover,
the report offers an accurate forecast estimation through a thorough analysis
of the historical data (2017-2018) while considering 2019 as the base year. The
data offers a panoramic view of the market, assisting the readers to gain
valuable insights into the Retort Packaging market. To impart better
understanding of the market, the key statistical data is organized into
pictorial representations such as charts, graphs, tables, diagrams, and
figures.
Thank
you for reading our report. For more inquiry or query on customization, kindly
get in touch with us. Our team will ensure you get the best report suited to
your needs.
About Us:
Reports and Data is a
market research and consulting company that provides syndicated research
reports, customized research reports, and consulting services. Our solutions
purely focus on your purpose to locate, target and analyse consumer behaviour
shifts across demographics, across industries and help client’s make a smarter
business decision. We offer market intelligence studies ensuring relevant and
fact-based research across a multiple industries including Healthcare,
Technology, Power and Energy, and Chemicals. We consistently update our
research offerings to ensure our clients are aware about the latest trends existent
in the market.
Contact Us:
John W
Head of
Business Development
Reports and
Data | Web: www.reportsanddata.com
Direct Line:
+1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our
Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full
Press Release: https://www.reportsanddata.com/press-release/global-retort-packaging-market
Comments
Post a Comment