Retort Packaging Market - Forecast(2021 - 2026)

Retort Packaging Market size is estimated to reach $5,030 million by 2026, growing at a CAGR of 5.7% over 2021-2026. Retort packaging contains multiple layers and are considered as special packaging that are made from a laminate of flexible plastics and metal. Retort packaging helps to pack a wide variety of food and drink which can be preserved in a longer time. Retort is a kind of processing method that helps to sterilize the food by using heat and pressure and are considered as the most commonly used methods of thermal food processing. Retort packaging are semi rigid and flexible packaging that contains unique form of stand-up pouch used for cook-in-a-bag meals like soups, rice, sauces, and pasta dishes. Retort pouches can be upgrade by using a rotogravure printing process that creates rich, vibrant designs on the outer layer of the package. The durability of retort packaging is excellent that help to increase the shelf life of food which are approved by FDA and various regulatory agencies. Growing consumption of ready to eat and packaged food among consumers and rising demand of light weight and compact packaging materials is the major factor driving the growth of Retort Packaging Market. Furthermore, rising development in online food delivering, growing advancement in food and beverage industry increases the use of packaged products and changing lifestyle among consumers is set to further enhance the overall market demand for Retort Packaging Market for the period 2021-2026.

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Report Coverage

The report: “Retort Packaging Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Retort Packaging Market.

By Type: Pouches, Trays, Cartoons, and Others.

By Material: PET (Polyethylene Terephthalate), Polypropylene, Aluminium Foil, Phosphate, and Others.

By Application: Food and Beverages, Pharmaceutical, and Personal Care.

By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).

Key Takeaways

• In 2020, North America dominated the Retort Packaging Market owing to changing lifestyle among consumers that increases the demand of ready to eat food and thus raising the need of retort packaging. Moreover, rising development in food and beverage industry increases the use of retort packaging for longer shelf life which in turn driving the market growth.
• Growing consumption of ready to eat and packaged food among consumers and rising demand of light weight and compact packaging materials are enhancing the growth of the Retort Packaging Market. 
• Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Retort Packaging Market report.
• High cost of raw material for retort packaging is set to create hurdles for the Retort Packaging Market.
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Retort Packaging Segment Analysis – By Type

The Retort Packaging Market based on Type can be further segmented into Pouches, Trays, Cartoons, and Others. The Pouches segment is the major segment generating revenue in 2020. This is mainly owing to its durability of material that increases the adoption of retort packaging in manufacturing units of various industries. Moreover, retort packaging is light weight and less space consuming which increases the production of pouches in food and beverage industry and thus driving the market growth. The cartoons segment is estimated to register the fastest CAGR of 6.5% for the period 2021-2026. This is mainly owing to its cost effectiveness and biodegradable that rising the preference of cartoons for packaging food. Moreover, rising concerns regarding environment among consumers also increases the adoption of cartoons and various manufacturers are adopting cartoons for packaging of food which in turn boosting the growth of Retort Packaging Market.

Retort Packaging Segment Analysis – By Application

The Retort Packaging Market based on Application can be further segmented into Food and Beverages, Pharmaceuticals, and Personal Care. The Food and Beverages segment registers for the highest Retort Packaging Market share in 2020. This is mainly owing to rising trends of ready to eat packaged food among consumer increases the need of retort packaging as it helps to protect the food. Moreover, rising development in food and beverage industry helps to increase the production of retort packaging and thus driving the market growth. The Pharmaceuticals segment is forecasted to register the fastest CAGR of 7.1% over 2021-2026. Retort packaging are used in various pharmaceutical packaging from fine powders to large chunk of pieces as it helps to protect products from moisture, oxygen, light, odour, chemical resistance, contaminants and also help in improving shelf life and are thus propelling the growth of Retort Packaging Market.

Retort Packaging Segment Analysis – By Geography

North America dominated the Retort Packaging Market with major share of 45% in 2020. This changing lifestyle among consumers that increases the demand of ready to eat foods and thus raising the need of retort packaging. Moreover, rising development in food and beverage industry increases the use of retort packaging for longer shelf life which in turn driving the market growth. Moreover, manufacturers are also focusing on manufacturing on retort packaging owing to its various advantages that further driving the market growth.

However, Asia Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to rising demand of ready to eat products and changing lifestyle of consumers in Asian countries. In India, the production of vegetables and ready to eat in pouches increases to avoid contamination which in turn growing the growth of Retort Packaging Market.

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