Global Retort Packaging Market Overview
Retort Packaging Market accounted for US$ 3.5 billion in 2020 and is estimated to be 4.5 billion by 2025 and is anticipated to register a CAGR of 5.1%
Retort packaging materials are manufactured using special laminated layers which helps to protect food from outside contaminants, spills, and puncture. These special films are designed for convenient and quick cooking. Retort packaging materials are shelf stable, light-weight, and cost saving compared to metal cans. Retort pouches can withstand thermal processing and are flexible, laminated structures used to pack many different food products including meats, seafood, beans, prepared meals, rice, sauces, and even pet food. Growth of retort packaging is mainly due to increasing its use as an alternative for traditional packing in many end use industries. Further, due to benefits such as preservation of food and maintaining freshness for a longer period of time also drives market growth globally. Additionally, retort packaging pouches are recyclable and cost effective, which is a major factor propelling growth of the market in the coming years.
Global Retort Packaging Market Drivers & Restraints
Rising consumer demand
Growth in disposable income in the emerging economies coupled with the improving quality of life is the major factor boosting the demand for retort packaging. The demand for packed food, baby food, and pet food is growing, owing to changing lifestyle which further leads to the growth of retort packaging market. As the millennial population, particularly the working professional, is continuously demanding for convenience foods that are ready to cook or ready to eat, the market growth of retort packaging is projected to gain a significant acceleration. Retort packaging is available in many forms like trays, pouches, and cartons. Innovation in packaging also provides convenient features like easy-open, hanger hole, Zipper reclose, and reclosability.
Improvisation in technology for cost-effective and sustainable packaging
JBT Corporation, one of the global innovative solution providers for the food and beverage processing industry, introduced two innovative solutions to overcome challenges associated with the retort sterilization process. Challenges such as energy consumption, reducing water usage, and improving the handling process of sensitive packaging. Bemis’ (subsidiary of Amcor plc.) ready meal packages were the first self-venting retort pouches applicable for portable meals, which when opened, function as a bowl.
However, high capital investment required for technology and the need for technical expertise involved in retort packaging are some factors limiting growth of the target market to a certain extent presently.
Global Retort Packaging Market Segmentations & Regional Insights
The global retort packaging market is segmented based on type, material, end-user, and region.
On the basis of type, the global retort packaging market is segmented into pouches, trays, cartons, and others (metal cans, plastic and glass bottles). Based on material, the target market is segmented into PET, polypropylene, aluminum foil, polyethylene, polyamide, paperboard, and others (EVOH, EVA, PVdC). Based on end-user, the target market is segmented into food, beverages, and others (pharmaceutical and personal care products)
Regional Insights:
On region the global retort packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific leads the global retort packaging market, and it is expected to witness highest CAGR rate over the forecast period. Further, growing population and increasing demand for ready to eat consumables are the major drivers for the growth of retort packaging market in this region. Growing personal and health care industry in Asia Pacific is another reason for the target market growth. Moreover, expansion of urbanization in developing countries is also growing retort packaging market. The demand for sauces, curry, and other ready-to-eat meals in India & China may be the reason for the fastest growing market. North America and Europe are projected to closely follow Asia Pacific over the forecast period.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
Market Segmentation |
By Type- Pouches, Trays, Cartons, and Others (Metal Cans, Plastic and Glass Bottles) By Material- PET, Polypropylene, Aluminum foil, Polyethylene, Polyamide, Paperboard, and Others (EVOH, EVA, PVdC) By End-user– Food, Beverages, and Others (Pharmaceutical And Personal Care Products) |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global Retort Packaging market report based on type, material, end-user, and region.
Global Retort Packaging Market, By Type:
- Pouches
- Trays
- Cartons
- Others (Metal Cans, Plastic and Glass Bottles)
Global Retort Packaging Market, By Material:
- PET
- Polypropylene
- Aluminum foil
- Polyethylene
- Polyamide
- Paperboard
- Others (EVOH, EVA, PVdC)
Global Retort Packaging Market, By End-user:
- Food
- Beverages
- Others (Pharmaceutical and Personal Care Products)
Global Retort Packaging Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Global Retort Packaging Market Competitive Landscape & Key Players
The key players operating the global retort packaging market includes Berry Plastics Corporation, Amcor Limited, Bemis Company Inc., Otsuka Holdings Company Limited, Mondi Group, Sonoco, Astrapak Limited, Tredegar Corporation, Coveris, and Clondalkin Industries BV. Prominent players in the market mainly use the strategy of acquisitions & mergers and also invest a lot in R&D activities to arise with innovative ideas. Implementation of inorganic growth strategies helps these companies to create most attractive markets. For instance, on June 2017, Sonoco Products Company strengthen its clear barrier flexible packaging line for liquid pouch structures, which are suitable for hot fill and retort applications.
Global Retort Packaging Market Company Profile
- Berry Plastics Corporation
- Amcor Limited
- Bemis Company Inc.
- Otsuka Holdings Company Limited
- Mondi Group
- Sonoco
- Astrapak Limited
- Tredegar Corporation
- Coveris
- Clondalkin Industries BV
Global Retort Packaging Market Highlights
FAQs
The global retort packaging market is segmented based on type, material, end-user, and region.
However, high capital investment required for technology and the need for technical expertise involved in retort packaging are some factors limiting growth of the target market to a certain extent presently.
On region the global retort packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific leads the global retort packaging market, and it is expected to witness highest CAGR rate over the forecast period.
The key players operating the global retort packaging market includes Berry Plastics Corporation, Amcor Limited, Bemis Company Inc., Otsuka Holdings Company Limited, Mondi Group, Sonoco, Astrapak Limited, Tredegar Corporation, Coveris, and Clondalkin Industries BV.