Retort Packaging Market | COVID-19 Impact, Is Expected To grow at 7.5% CAGR till forecast 2023
Retort Packaging Market
Increase in disposable income in the developing countries along with the improving quality of life is the major factor driving the demand for retort packaging. The demand for packed food, pet food, and baby food is increasing because of the changing lifestyle which further leads to the growth of retort packaging market.
Key Players
The key players in the market include Amcor Ltd. (Australia), Berry Plastics Corporation (U.S.), Mondi Group (South Africa), Sonoco Products Company(U.S.), Ampac Holdings LLC(U.S.), Clondalkin Industries BV (Netherlands), Coveris Holdings S.A. (U.S.), Otsuka
Regional Analysis
In terms of geography, Asia Pacific dominates the global Retort Packaging Market, and it is anticipated to grow with the highest CAGR during the forecast period. The major drivers for the growth of retort packaging market in this region are increasing population and rising demand for ready to eat consumables. Growing health and personal care industry in Asia Pacific is another reason for the market growth of retort packaging.
The market for retort packaging is growing with the expansion of urbanization in developing countries. The demand for curry, sauces and other ready-to-eat meals in China & India may be the reason for the fastest growing market. Europe and North America are expected to closely follow Asia Pacific during the forecast period.
Segmentation
Global Retort Packaging Market has been segmented based on packaging type, material, end- use, and region. Based on packaging type, the market is segmented as pouches, cartons, trays, and others. Among all, retort pouches have the largest market share due to its flexible characteristics and use of high heat resistant plastics. Different variety of pouches are available in markets such as stand-up pouches, back-seal quad, spouted pouches, and gusseted pouches. At the same time it is light weighted, convenient to hold and is shelf-stable.
Based on material, the market is segmented as polypropylene, polyester, aluminum foil, food grade cast polypropylene, biomaterials, paperboard, nylon, and others.
Industry News
The report for Retort Packaging Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance.
Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/retort-packaging-market-2217
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.