Retort Packaging Market to be Dominated by Food Industry through 2028

Growing demand from Food Industry is expected to drive Global Retort Packaging Market in the forecast period 2024-2028.

For instance, in 2021, Sonoco Acquired Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products.

Furthermore, the market is being further stimulated by growing demand from beverage and pharmaceutical sectors.

However, issue in recycling of raw materials can slowdown the market growth. Also, more cost associated with research and development activities can further slowdown the market growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Retort Packaging Market"

Global Retort Packaging Market is segmented based on material, packaging type, application, and region.

Based on material, the market is categorized into polypropylene (PP), aluminium foil, polyamide (PA), and others. The polypropylene segment is expected to hold the largest market share in the forecast period, 2024-2028. As it acts as a sealing layer and provides flexibility and strength to the packaging.

Based on packaging type, the market is segmented into pouches, cartons, trays, and others. The pouches segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to increasing demand for cost-effective packaging and lightweight products for streamlining supply chain operations.

Based on application, the market is fragmented into food, beverages, pharmaceutical, and others. The food segment is expected to hold the largest market share in the forecast period 2024-2028. This is due to increasing demand for ready-to-eat food consumption due to rapid urbanization.

Major companies operating in the Global Retort Packaging Market are:

• Amcor Plc
• Sonoco Products Co.
• Mondi Plc
• Constantia Flexibles GmbH
• Coveris Holdings SA
• O F Packaging Pty Ltd
• FLAIR Flexible Packaging Corporation
• Tetra Pak International S.A.
• ProAmpac Intermediate, Inc.
• Winpak Ltd.
  
  

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“North America region is expected to grow at the highest rate during the forecast period due to rapid urbanization and hectic working life as well as rising demand for preservative free products. Additionally, increasing demand for sustainable and smart packaging solution creates lucrative opportunities for the market growth. Furthermore,  the increasing demand in Asia Pacific for packaged foods such as ready-to-eat meals as well as growth of the pharmaceutical industry is expected to create huge prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Retort Packaging Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material (Polypropylene (PP), Aluminium Foil, Polyamide (PA), Others), By Packaging Type (Pouches, Cartons, Trays, Others), By Application (Food, Beverages, Pharmaceutical, Others), By Region, and Competition, has evaluated the future growth potential of Global Retort Packaging Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Retort Packaging Market.”

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Web:  https://www.techsciresearch.com