retort packaging market
Technology

Global Retort Packaging Market in Asia Pacific is expected to expand with highest CAGR of X.X% over the next eight years

Global Retort Packaging Market: Retort packaging materials are made with special laminated layers that protect food from spills, puncture, and outside contaminants, and these special films are designed for quick, convenient cooking. Retort packaging is a light-weight, shelf stable, and cost saving alternative to metal cans. Retort pouches are flexible, laminated structures that can withstand thermal processing and are utilized to package many different food products including seafood, meats, rice, beans, sauces, prepared meals, and even pet food.

Growth of retort packaging can be attributed to its wide use as an alternative for traditional packing in many end use industries, owing to advantages such as preservation of food and maintaining freshness for a longer period of time. In addition, retort packaging pouches are cost effective, and recyclable which is a major factor fueling growth of the global retort packaging market over the forecast period.

Retort packaging pouches are difficult to dispose naturally, growing demand for environmental-friendly packaging products is a key factor restraining growth of the global retort packaging market. Additionally, reluctance of consumers towards retort packaging pouches in developed economies is a major factor expected to hamper growth of the global retort packaging market over the forecast period.

Innovations in retort packaging to be used in various end use industries such as food & beverages, and pharmaceutical industries can provide opportunities for prominent players in the market to further expand their presence. Moreover, packaging for liquids like soups and baby foods with use of retort packaging may hold potential for expansion for the global retort packaging market.

The global retort packaging market report has been segmented on the basis of product type, application, material, and region. On the basis of region, the global retort packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The market in North America accounted for highest revenue share in the global retort packaging market, followed by the market in Europe. Major factor for growth of retort packaging market in the North America region is rising demand for ready-to-eat food. The market in Asia Pacific is projected to expand with highest CAGR of X.X% over forecast period, owing to changing lifestyle and increasing health consciousness among the consumers in emerging economies in the region.

Key players in the global retort packaging market include Amcor Limited, Berry Plastics Corporation, Mondi Group, Otsuka Holdings Company Limited, Sonoco, Astrapak Limited, Tredegar Corporation, Coveris, Bemis Company Inc., and Clondalkin Industries BV.