According to a new report published by Allied Market Research, titled, "Retort Packaging Market," The retort packaging market was valued at $14.6 billion in 2020, and is estimated to reach $28.5 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.
Changing lifestyles due to busy schedules is resulting in increasing dependence on processed food. This further is expected to fuel the growth of the retort packaging market. In addition, rapid growth in the food and beverage sector and increasing consumer preference toward on-the-go food & beverages is another factor that is expected to drive the retort packaging market. In addition, rapid globalization has led to a rise in global trade for processed food which will fuel the growth of the retort packaging market.
The increase in demand for snacks and convenience food in small or single-size portions fuels the growth of the retort packaging market. The packaging industry is moving toward flexible packaging, owing to its multi-fold energy and environmental advantages. The demand for packaged food that is either raw or cooked inside a retort pouch is growing at a fast pace globally. For instance, Walmart was the global leader in packaged food sales with a record sale of $605.8 billion in 2023. The reasons are consumers changing lifestyles due to hectic schedules and the increasing number of consumers who do not prefer spending much time on cooking. These factors are expected to increase the demand for processed food, which can consequently result in rising demand and growth of the retort packaging market during the forecast period.
The retort packaging market is segmented on the basis of packaging type, material, end-user industry, and region. By packaging type, the market is categorized into pouches, trays, cartons, and others. On the basis of material type, it is divided into paperboard, aluminum foil, polypropylene, and others. On the basis of end user, it is divided into food, beverages, and others.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players that operate in the global market have adopted key strategies such as product launches and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the retort packaging market report include Amcor PLC, Berry Global Group, Inc., Constantia Flexibles Group, Huhtamaki Flexible Packaging Ltd., Mondi Group, ProAmpac, Sonoco Products Company, Sealed Air Corporation, Tredegar Corporation, Winpak Limited.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the retort packaging market analysis from 2020 to 2032 to identify the prevailing retort packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the retort packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global retort packaging market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Installed Base analysis
- Product Life Cycles
- Technology Trend Analysis
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- Per Capita Consumption Trends
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Type
- Trays
- Cartons
- Others
- Pouches
By Material
- Paperboard
- Aluminum foil
- Polypropylene
- Others
By End User
By Region
- North America
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- ProAmpac.
- Sonoco Products Company
- Sealed Air Corporation.
- Winpak Limited
- Tredegar Corporation.
- Amcor PLC
- Constantia Flexibles Group
- Berry Global Group, Inc.
- Huhtamaki Flexible Packaging Ltd.
- Mondi Group