Global Industry Analysis Of Retort Packaging Market 2023
Retort packets are made with the help of flexible plastic combined with metal foils. This type of packaging is used to keep the food sterile over a long period of time. The market is being driven due to the increase in demand for convenience food globally. The retort packaging market is expected to witness growth during the forecast period.
Get the Full Report at:
The global retort packaging industry is being driven by the rising demand for ready to eat food globally. With the changing lifestyle of families, everyone has started working and hence do not have the time to cook their food. In such a case, the families prefer to buy ready to cook food and store it for long term periods. The retort packaging is used in such cases to keep the food fresh and sterile. 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. In addition, the retort packets are also increasingly being used in baby foods packaging as their do not contain any harmful chemicals unlike plastic packaging. Moreover, the reducing cost of the raw materials used to make retort packet is also driving the market for growth. Furthermore, the retort packaging is also being applied in the case of animal food as they need to be preserved over longer period. In addition, the decreasing cost of the logistics is also reducing the cost of packaged food which is acting a driver for the market.
However, the market is facing restraints in the form of high cost of development and the rising concept of recycling. The manufacturing setup for retort packaging involves high capital expenditure with is restraining the market from growth. Furthermore, the rising environmental concerns are creating a need for recycling products which also includes the food packaging materials. This, in returning is reducing the repeated sale of new retort packets and hence acting as a restraint for the market.
The retort packaging is expected to witness several opportunities in future which are expected to the drive the market during the forecast period. The increasing technological innovation in the retort packaging technology is expected to drive the market in future. Furthermore, the increasing disposable income in the emerging economies such as India and China is expected to create a robust demand for this market.
The market can be segmented into three parts: by material, by type and by end use and by geography. In terms of material, the market can be categorized into polypropylene, polyester, aluminum foil and others. By type, the retort packaging can be classified into tray, pouches and cartons. By end use, the market can be segmented into healthcare, personal use, food, beverages and others.
Get Free Sample Report Copy at :
Some of the key players in this market include Berry Plastics Corporation, Mondi Group, Amcor Limited, Sonoco Products Company, Astrapak limited, Otsuka Holdings Co., Ltd, Bemis Company, Inc. and Coveris among others.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Featured articles and news
Government announces leaseholds on new-build houses will be banned.
Transport Secretary announces public consultation into London's funding of Crossrail 2.
Have a look at some of the most impressive concert stage designs of all time, including Pink Floyd, U2, Rolling Stones, and more...
What is the Home Quality Mark? Find out how it can help you when buying/renting a new home.
Business Secretary launches £246m Faraday Challenge to establish UK as world leader in battery technology.
Government announces new plans for regulations to improve safety and security awareness of drone users.
Read our introductory article to the various different types of fuel.
IHBC book review: Charles Barry’s monumental struggle to rebuild the Houses of Parliament.
Read about RSHP's British Museum extension which has been shortlisted for the 2017 Stirling Prize.
Read our introductory article to building a house extension.
More updates from DCMS about the large-scale testing of cladding systems and the number of buildings affected.
UandI secure resolution to grant planning consent for major new regeneration project.
It was the tallest structure in the world for 3,800 years, but to this day the exact construction techniques are a mystery.