Retort Packaging Market

Date: 2016-05

Retort is a cooking process that uses pressure and heat to cook food in its sealed package. Packed foods are sterilized and cooked properly without affecting the quality of the foods and maintain the safety to the processed food and its containers. Retort packaging is becoming popular in the frozen food and beverage market resulting from growing demand for light weight and solid packaging. Retort packaging is the most suitable form of food preservation in rigid and flexible packaging system. Retort packets are used in space food, camping food and field rations.

Retort Packaging is a critical component for the advancing packaging industry. Since past decade, the market has experiencing a rapid growth in terms of improvements in the technology, growing automation, and integrating the entire value chain of the packaging industry. Rising urbanization, increasing awareness regarding the flow control has catalyzed the growth of Retort packaging market. Retort packets are made with the help of plastic combined with metal foils. This packaging is used to keep the food sterile over a long period of time.

The global market for Retort packaging was estimated to be $XX billion in 2016 and is estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. The market is being driven due to the increase in demand for easy accessibility of food globally. Technology combined with addition of new product lines are the major drivers for this industry.

Food segment is the major revenue generating end-user for Retort packaging driven by the rising demand for ready to eat food globally due to the changing lifestyle of Furthermore, the retort packaging are lighter compared to metal cans and hence preferred over them. Moreover, this type of packaging is also flexible and takes less space and hence can be easily kept in the bags without the fear of destroying the food while travelling.

Asia-Pacific is the leading market for global retort packaging and is forecast to have highest growth in the next few years due to growing adoption of retort packaging in packed food industry. Asia-pacific retort packaging market accounts to XX% of the global market for packaging industry and is followed by Europe. In Europe, ready-made food and pet food and the demand for quality and convenient food are the major end users of retort packaging.

Key companies in retort packaging market include:
Amcor ltd
Tredegar Corporation
Berry Plastics Corporation
Clondalkin Industries BV and others.

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