Retort Packaging Market: Global Industry Analysis, Size, Sales and Forecast By 2025
Monday, March 11, 2019
Press release from the issuing company
The flexible, laminated plastic packaging pouch found on the food products are Retort Pouches and the packaging is called as Retort Packaging. Retort Packaging found it`s application in the packaged food industry to pack a wide range of products like from water to fully cooked meals such as Meals, Ready-to-Eat (MREs) which can be eaten cold, warmed by submersing in hot water and so on. They have wide range of thermal stabilization.
Global Retort Pouches Market is Segmented on the basis of Product type: Stand-up Pouches, Spouted Pouches, Zipper Pouches, Others; on the basis of material type: Polyethylene terephthalate (PET), Polyester, Polypropylene, Food-Grade Cast Polypropylene, Nylon, Other; on the basis of end-use: Food, Beverages, Pharmaceutical, Personal care.
The major growth driver for the Retort Packaging Market is it`s thermal stability as it can withstand high temperature thus keeping it`s content safe. The consumers are getting more conscious about their health and there is a need of continuous research and development to maintain the nutrition value as well as proper hygiene. The Retort packaging serves both the requirements of the customers which keeps the market in demand.
The cost of raw materials for retort packaging are higher as compared to the ordinary packaging, which is the main restraint in the Retort Packaging Market. But, the growing demand and health consciousness among people is providing ample opportunities for the Retort Packaging Market to grow and expand further in the upcoming years.
On the basis of the market segment by application, Food industry has the largest market share. With the increasing demand of attractive packaging, it has now became mandatory for the products to be hygienic but also to look appealing . Thus, Food sector are focusing more on the Retort packaging these days because it covers both the basic necessities required by the consumers i.e. hygiene and preservation.
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Geographically, Asia Pacific is has the largest market share in the world. European Market and North American Market. The rapidly growing industrialization in the developing countries of Asia Pacific region like India, China etc. are encouraging the markets of food, beverages, dairy etc to grow. So, the Retort Packaging Market is also going to register growth.
The major key players are: Mondi Group, Amcor Limited, Sonoco Products, Bemis Company Inc., Sealed Air Corporation, Berry Plastics Corporation, Otsuka Holdings Company Limited, Tredegar Corporation (U.S.), Coveris (U.S.).
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