15 Apr, 2020, 12:15 ET
DUBLIN, April 15, 2020 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
The global market size for retort packaging was USD 3.4 billion in 2019 and is projected to reach USD 4.59 billion by 2025, at a CAGR of 5.18% from 2020.
This market study covers the retort packaging market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, material, application, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the retort packaging market.
The global retort packaging market comprises major manufacturers, such as Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Mondi Group (South Africa) and Coveris (US).
Increase in the demand for convenient, innovative, and unique packaging products is projected to drive the overall growth of the retort packaging market across the globe from 2020 to 2025.
The global retort packaging industry has witnessed high growth primarily because of the increasing demand for convenient products worldwide. Consumers are looking for convenient food packaging solutions without any compromise with the quality and hence ready meal manufacturers are asking for more innovative packing options for their products.
In terms of both value and volume, pouches is projected to grow at the highest CAGR during the forecast period.
Pouches segment of the retort packaging market is projected to grow at the highest CAGR during the forecast period, in terms of value as well as volume. 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 make it a significant alternative to tin cans.
Food end-use segment is projected to lead the retort packaging market from 2020 to 2025.
Food includes Ready to eat meals, meat poultry & seafood, pet food, baby food, soups & sauces, and others. Food 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. The use of retort packaging in ready to eat meals is expected to grow at the fastest rate.
In terms of both value and volume, the APAC retort packaging market is projected to contribute to the maximum market share 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 Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Evolution
5.3 Market Dynamics
5.3.1 Market Drivers
5.3.2 Market Restraints
5.3.3 Market Challenges
5.3.4 Market Opportunities
5.4 Yc, Ycc Drivers
5.5 COVID-19 Impact
6 Industry Trends
6.2 Market Trends Analysis
7 Global Retort Packaging Market, By Type, 2018-2025 (value/volume)
7.5 Others (if any)
8 Global Retort Packaging Market, By Materials, 2018-2025 (value/volume)
8.4 Aluminium Foil
8.7 Any Others (EVOH, EVA, PVdC, others)
9 Global Retort Packaging Market, By End-Use, 2018-2025 (value/volume)
9.2.1 Ready to Eat
9.2.2 Meat, Poultry & Seafood
9.2.3 Pet Food
9.2.4 Baby Food
9.2.5 Soups and Sauces
9.3.1 Soft Drink
9.3.2 Tea & Coffee
9.3.3 Alcohol Drinks
10 Global Retort Packaging Market, By Geography, 2018-2025 (value/volume)
10.2 North America
10.3.7 Rest of Europe
10.4.5 South Korea
10.4.6 Rest of Asia-Pacific
10.5 Middle East & Africa
10.5.3 Saudi Arabia
10.5.4 South Africa
10.5.5 Rest of Middle East & Africa
10.6 South America
10.6.3 Rest of South America
11 Global Competitive Landscape
11.2 Competitive Mapping
11.2.2 Emerging Companies
11.2.4 Strategic Players
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 Expansions & Investments
11.3.3 New Product Development
11.3.4 Partnerships, Agreements and Joint ventures
12 Company Profiles
12.2 Amcor Limited
12.3 Berry Plastics Corporation
12.4 Mondi Group
12.7 Clondalkin Industries B.V.
12.8 Sealed Sir Corporation
12.9 ProAmpac LLC
12.10 Huhtamaki Group
12.11 Constantia Flexibles
12.12 Flair Flexible Packaging Corporation
12.13 DNP America
12.14 Clifton Packaging Company
12.15 Fujimori Kogyo Co. Ltd.
12.16 Sopakco Packaging
12.17 HPM Global Inc.
12.18 Floeter India Retort Pouches
12.21 Pyramid Packaging
12.23 Fuji Tokushi
For more information about this report visit https://www.researchandmarkets.com/r/ncu7vd
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article