Retort Packaging Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Retort Packaging Market size is set to record over 5% CAGR from 2024 to 2032 due to the surging demand for convenience foods and a wave of new product launches.

Recent advancements in packaging technology have been pivotal in extending shelf life and bolstering safety for ready-to-eat and on-the-go food items. These innovations are not only crafting more durable materials but are also ensuring that food quality and freshness endure over extended periods. Such strides guarantee that retort packaging aligns with the dynamic demands of both consumers and food manufacturers, emphasizing the importance of preserving and delivering top-tier convenience foods. For example, in April 2022, ProAmpac unveiled its sustainable retort pouches, boasting features like flex crack resistance and an easy-open tear functionality, underscoring durability and user convenience.

The retort packaging industry is segmented into product type, material type, application, and region.

The market share from the cartons product type segment will record a decent growth rate between 2024 and 2032, driven by an escalating demand for enhanced durability and functionality in food packaging. Modern cartons, integrated with advanced materials and designs, are stepping up their game to offer superior protection and support for retort pouches and other food containers. Continuous innovations are further amplifying the protective capabilities of cartons and simplifying the handling of packaged foods.

In terms of material type, the retort packaging market size from the paperboard segment is anticipated to witness a significant CAGR from 2024-2032, fueled by a growing demand for heightened durability and performance. Technological strides in paperboard are bolstering its resistance to moisture and heat, ensuring packaging integrity throughout the retort cycle. Furthermore, there is a pronounced emphasis on developing sustainable and eco-friendly paperboard variants to mitigate environmental repercussions.

Asia Pacific retort packaging industry size will record a significant CAGR through 2032 due to the growth of global distribution channels. As international food distribution networks grow, retort packaging is playing a crucial role in ensuring product freshness and safety during extended transport. Ongoing advancements are not only bolstering the durability and efficiency of retort pouches but are also equipping them to navigate diverse logistical challenges. Such innovations are vital as they bolster the capacity to manage the increasing intricacies of global food distribution across the region.

Product Code: 10409

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand for ready-to-eat meals
  - 3.8.1.2 Rising popularity of convenience food products
  - 3.8.1.3 Growth in flexible packaging technology
  - 3.8.1.4 Enhanced shelf life of packaged product
  - 3.8.1.5 Expanding food and beverage industry
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High production costs for retort packaging
  - 3.8.2.2 Limited recyclability and environmental concerns
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Product Type, 2021 - 2032 (USD Million)

5.1 Pouches
- 5.1.1 Stand-up pouches
- 5.1.2 Flat pouches
- 5.1.3 Spouted pouches
5.2 Trays
- 5.2.1 Single compartment trays
- 5.2.2 Multi-compartment trays
5.3 Cans
- 5.3.1 Tin cans
- 5.3.2 Aluminum cans
- 5.3.3 Composite cans
5.4 Cartons
- 5.4.1 Folding cartons
- 5.4.2 Aseptic cartons

Chapter 6 Market Estimates and Forecast, By Material Type, 2021 - 2032 (USD Million)

6.1 Plastic
- 6.1.1 Polyethylene (PE)
- 6.1.2 Polypropylene (PP)
- 6.1.3 Polyethylene terephthalate (PET)
- 6.1.4 Others (EVOH, PA, etc.)
6.2 Metal
- 6.2.1 Aluminum
- 6.2.2 Steel
6.3 Paperboard
6.4 Others
- 6.4.1 Glass
- 6.4.2 Biodegradable materials

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million)

7.1 Food
- 7.1.1 Ready-to-eat meals
- 7.1.2 Baby food
- 7.1.3 Soups and sauces
- 7.1.4 Seafood and meats
- 7.1.5 Fruits and vegetables
7.2 Beverages
- 7.2.1 Juices
- 7.2.2 Alcoholic beverages
- 7.2.3 Non-alcoholic beverages
7.3 Pet food
7.4 Pharmaceuticals
7.5 Other industrial applications

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Amcor plc
9.2 AptarGroup, Inc.
9.3 Bemis Company, Inc. (Part of Amcor)
9.4 Berry Global Inc.
9.5 Clondalkin Group Holdings B.V.
9.6 Coveris Holdings S.A.
9.7 Crown Holdings, Inc.
9.8 Flair Flexible Packaging Corporation
9.9 Huhtamaki Oyj
9.10 Mondi plc
9.11 Oracle Packaging
9.12 Otsuka Holdings Co., Ltd.
9.13 ProAmpac LLC
9.14 RPC Group Plc
9.15 Scholle IPN
9.16 Sealed Air Corporation
9.17 Sonoco Products Company
9.18 Technipaq Inc.
9.19 Tredegar Corporation
9.20 Winpak Ltd.