According to the new market research report "Retort Packaging Market by Type (Pouches, Trays, and Cartons), Material (PET, Polypropylene, Aluminum foil, PA, PE, and Paperboard), End-use (Food and Beverages), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Retort Packaging Market is projected to grow from USD 3.5 billion in 2020 to USD 4.5 billion by 2025, at a CAGR of 5.1% from 2020 to 2025. The market is projected to grow following the surge in demand for more convenient food packaging from consumers which aligns with their day to day life.
Get PDF brochure of Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114264174
In terms of value and volume, the pouches segment is projected to lead the retort packaging market from 2020 to 2025.
Based on type, the pouches segment is projected to be the largest market for retort packaging. The dominant market position of the pouches can be attributed to its durability. The growth of this segment is attributed to its increasing demand from food and beverage industry for the packing of their products. Properties of retort pouches such as lightweight, less spacing consuming more shelf life makes it a suitable alternative to tin cans.
In terms of value and volume, the food end-use segment of the retorts packaging market is projected to be the largest market.
Food includes ready to eat meals, meat poultry & seafood, pet food, baby food, soups & sauces, and others. It is a significant contributor to the growth of retort packaging. Retort packaging has revolutionized the food industry. It has contributed to the development of food supply channels that have helped in making seasonal foods available all year. Due to changing demographics, consumers are looking for more convenient ways to eat their food without much of a hassle.
In terms of both value as well as volume, the APAC region is estimated to account for the highest share in the global retort packaging market during the forecast period.
In terms of value, the APAC region is projected to lead the global market from 2020 to 2025 due to the strong demand from countries such as China, Australia, South Korea, and Japan. The region has more half of the world’s population and there has been an increase in the demand for convenient products due to hectic work life and increasing per capita income. Consumers in the region are looking for ready meal products that can be consumed without much work; hence the demand for retort packages is growing in the region.
Key Market Players
Key players, such as Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Coveris (US) Mondi Group (South Africa), and Huhtamaki Oyj (Finland) have adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the retort packaging market.
Early buyers will receive 10% free customization on this report.
Don't miss out on business opportunities in Retort Packaging Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:Mr. Ashish MehraMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 email@example.com
Send a Release
News in Focus
Business & Money
Science & Tech
Lifestyle & Health
Policy & Public Interest
People & Culture
Retort Packaging Market Worth
$4.5 Billion by 2025 - Exclusive
Report by MarketsandMarkets™
NEWS PROVIDED BY
Apr 01, 2020, 07:00 ET
SHARE THIS ARTICLE
CHICAGO, April 1, 2020 /PRNewswire/ -- According to the new market research report "Retort Packaging Market by
Type (Pouches, Trays, and Cartons), Material (PET, Polypropylene, Aluminum foil, PA, PE, and Paperboard), End-use
(Food and Beverages), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Retort
Packaging Market is projected to grow from USD 3.5 billion in 2020 to USD 4.5 billion by 2025, at a CAGR of 5.1% from
2020 to 2025. The market is projected to grow following the surge in demand for more convenient food packaging
from consumers which aligns with their day to day life.
Download PDF Download:
Browse in-depth TOC on "Retort Packaging Market"
100 - Market Data Tables
60 - Figures
190 – Pages
View Detailed Table of Content Here:
In terms of value and volume, pouches is estimated to lead the retort packaging market in 2019.
Pouches by type accounted for the largest market share among all the types of retort packaging because of the
increase in demand for the pouches from the ready to eat or ready meals manufacturers. These retort pouches have
properties such as high strength, Bexibility, and lightweight, which has made it a signiCcant alternative to tin cans.
Retort pouches uses 5% less traditional materials than tin cans and it also preserves food for longer time
In terms of value and volume, polypropylene, by material, is estimated to lead the retort packaging market in 2019.
Polypropylene, by material, led the retort packaging