Global Retort Packaging Market is Estimated to Grow at A CAGR of 6.7%

Date: 2015-08-27

“The global retort packaging market is estimated to grow at a CAGR of 6.7% from 2015 to 2020. The growth of this market is propelled by an increase in the flexible packaging demand with convenience features. Retort packaging also plays an important role in meat, poultry, and beef packaging.

With the emergence of new technologies, manufacturers are looking for advanced techniques to make retort packaging more innovative with various designs. As of 2014, Asia-Pacific was the largest market for retort packaging market due to the increase in disposable incomes and the shift toward convenient packaging in the food and beverage industry.

The retort packaging market has attracted significant demand that has led to their wide adoption by end-users worldwide for different applications. Producers can very easily customize the shape and size, and provide the buyer with additional features, as per the product requirements. Retort packaging consumes less storage capacity, thus adding up to the product’s visibility. These features help suppliers to opt for retort packaging products. The retort packaging products are designed with excellent barrier properties, and are available with attached accessories like nozzles and zip lock with a re-sealable property which is useful for end-users. 

Retort packaging market is estimated to reach a market value of USD 41.1 billion by 2020. This packaging is widely used across various industries such as the food, beverage, healthcare, and personal care industries. It is made up of high sterilized materials, which keep the products fresh without getting contaminated for a longer period. Due to these factors, retort packaging is widely used in food and beverage packaging, which accounted for a large share of the retort packaging market.

This report analyzes various marketing trends and establishes the most effective growth strategy in the retort packaging market. It identifies market dynamics such as drivers, restraints, opportunities, and challenges. Major companies such as Amcor Limited (Australia), Berry Plastics Corporation (U.S.), Mondi Group (South Africa), Otsuka Holdings Company Limited (Japan), Sonoco (U.S.), Astrapak Limited (South Africa), Tredegar Corporation (U.S.), Coveris (U.S.), Bemis Company Inc. (U.S.), and Clondalkin Industries BV (Europe) have been profiled.

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