- The rapid preference for retort packaging over the years due to growing automation, technology enhancements, and increasing awareness is bringing extensive growth opportunities for the retort packaging market
- Considering all the factors related to growth, the global retort packaging market expects to expand at a CAGR of ~5 percent during the forecast period of 2019-2027
ALBANY, N.Y., Oct. 27, 2020 /PRNewswire/ -- The lifestyle of the global populace has evolved to a great extent. Many people around the world have a busy lifestyle due to the increasing work strain. This aspect has heightened the demand for convenience food or food-on-the-go. These types of foods are largely packed using retort packaging. Hence, these factors may invite promising growth for the retort packaging market.
Retort packets are made from a combination of plastic with metal foils. This type of packaging helps the food to be sterile for a long period. This is a prominent advantage of retort packaging and it will be crucial for inviting good growth prospects.
Based on the intense research conducted by Transparency Market Research (TMR) analysts, the global retort packaging market is extrapolated to record a CAGR of ~5 percent during the tenure of 2019-2027.
The advent of innovative solutions for making retort packets more convenient for the end-user may invite tremendous growth prospects for the retort packaging market. In addition, the lifestyle of people across the world has changed drastically. Hence, this aspect may also bring considerable growth opportunities for the retort packaging market.
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Retort Packaging Market: Transparency Expert Diagnosis
According to the analysts at TMR, the food industry may open a treasure of opportunities for the retort packaging market. The analysts predict the retort packaging industry to account for a production volume of ~6.5 mn tons by 2027 end.
The analysts further advise the analysts to innovate on unique forms of stand-up pouches for cook-in-bag meals such as pasta, rice, and soup dishes.
Retort Packaging Market: Major Revelations
- On the basis of material, plastic retort packaging accounts for the highest market share of ~76 percent
- On the basis of product, the retort pouches segment accounts for 53 percent of sales in the global retort packaging market
- The Middle East and Africa and Asia Pacific are expected to record a healthy CAGR of ~6 percent between 2019 and 2027
Explore 215 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Retort Packaging Market (Product: Pouches [Stand-up Pouches, Back-seal Quad Pouches, Spouted Pouches, Gusseted Pouches], Trays, Cartons, Cans; Material: Plastic [Polyamide (PA), Polyester (PET), Ethyl Vinyl Alcohol (EVOH), Polypropylene (PP), Polyethylene (PE), Other Plastics], Metal, Paper & Paperboard; End Use: Food [Meals Ready-to-Eat (MRE), Meat, Poultry & Seafood, Pet Food, Baby Food, Soups & Sauces, Others], Beverages [Alcoholic, Non-alcoholic]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/retort-packaging-market.html
Retort Packaging Market: Growth Boosters
The extensive demand for retort packaging across the food industry may invite immense growth prospects for the retort packaging market during the forecast period of 2019-2027.
- The packaging of retort packets is sturdy which leads to protection of the material during transportation, thus inviting expansive growth opportunities
- These packets can easily withstand temperature up to 250 degrees Celsius, eventually proving to be a prominent growth-generating factor
- Retort packets ensure the utilization of just 5 percent of the packaging material and also improve the overall flavor, aroma, and food texture
- The retort packets are space-friendly and occupy very less space on the shelf while maintaining the food composition
Analyze global retort packaging market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Retort Packaging Market: Recyclable Retort Packaging Creating Buzz
The retort packaging market may gain extra stars of growth on the back of the rising popularity of recyclable retort packaging. These packets will help in decreasing the carbon footprint across the world. Hence, this aspect may bring promising growth prospects for the retort packaging market.
Manufacturers are already inclining toward this technology. For instance, Amcor recently created a novel recyclable retort packet for consumer products. The company noted that this packaging will help in enhancing the environmental footprint up to 60 percent. Such developments may bring substantial growth for the retort packaging market during the forecast period.
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Global Retort Packaging Market: Segmentation
- Stand-up Pouches
- Back seal quad pouches
- Spouted pouches
- Gusseted pouches
- Ethyl Vinyl Alcohol
- Paper & Paperboard
- Meal Ready to Eat
- Poultry & Seafood
- Pet food
- Baby food
- Soups & Sauces
- Non alcoholic
- North America
- Asia Pacific
- Rest of the World (RoW)
Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:
Food Powder Packing Machines Market – The global food powder packaging machines market is expected to expand at a moderate CAGR of 3.3% during the forecast period. The market growth can be primarily attributed to factors such as evolving consumer preferences, increasing popularity of food powders including specialty dairy powder, cocoa powder, whey powder, protein powder, etc. The increasing consumer demand for green powders is another factor that is likely to aid the adoption of food powder packaging machines during the forecast period.
Flexible Packaging for Healthcare Market – The global flexible packaging for healthcare market is expected to expand at a CAGR of 5.3% during the forecast period. Several medical products packaging manufacturers prefer flexible packaging, owing to its high barrier properties and flawless print finish for bags & sacks, tapes, and labels further lifting the growth of the flexible packaging for healthcare market across the globe.
IV Bags Market – IV bags have also shown effectiveness in precisely delivery medication directly to veins via blood transfusion. The soaring usability of IV bags in the healthcare sector is indicative of a promising future ahead for the market. On these lines, Transparency Market Research (TMR) has predicted the market for IV bags to surge at a CAGR of 5.8% between 2020 and 2032.
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