Retort Packaging Market Size, Share, Growth Report 2032

Retort Packaging Market: Industry Prospective

The global retort Packaging market was worth around USD 3281.7 million in 2021 and is estimated to grow to about USD 4372.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.9 percent over the forecast period. The report analyzes the retort Packaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the retort Packaging market.

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Retort Packaging Market: Overview

Retort Packaging is expected to see steady growth over the forecast period owing to changing lifestyle preferences of consumers across the world. Majorly increasing demand from the food and beverages industry vertical is expected to propel the retort packaging market potential over the forecast period.   

Increasing demand for packaged foods, rising working population, increasing use of convenience foods, and changing trends of the packaging industry are some of the key factors that influence the retort packaging market potential over the forecast period.

Increasing consumer base across the world and rising spending capacity of the population will also prove to be major factors boosting the retort packaging market growth. Increasing strict regulations regarding the use of plastic are expected to hamper the zzz market growth in the long run.

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COVID-19 Impact:

The COVID-19 pandemic slowed down markets all over the world and the markets linked to international trade activity and manufacturing sectors such as packaging took a major hit and incurred huge losses in the year of 2020. The retort packaging market also saw a negative trend in the pandemic and this led to a downfall in the retort packaging market growth trend.  

Low sales of packaged goods due to the closure of multiple sales channels, and reduced e-commerce activity, led to a major drop in demand for retort packaging on a global scale. However, the demand is expected to see a steady growth trend as the world returns to normal and the sales of packaged goods pick up owing to the lifting of lockdown restrictions across the world.

Retort Packaging companies would have to focus on boosting their production and distribution capabilities in the post-pandemic world to cater to the growing demand from the rising working population that now has more spending potential than before.

Retort Packaging Market: Growth Drivers

Changing Consumer Preferences to Boost Retort packaging market growth

Consumers are across the world are seeing a major change in their purchasing trends as the world advances. The working population has grown substantially and this has led to a rise in the adoption of packaged and convenience foods coupled with increased disposable income this trend will significantly shape the retort packaging market potential in a positive manner. This factor alone will boost the retort packaging market growth through 2028. Semi-cooked meals are gaining popularity due to their time-saving aspect and hence driving the demand for retort packaging.

Retort Packaging Market: Restraints

Rising Focus on Sustainability across the world

Retort Packaging companies are facing the challenge of bringing sustainable packaging in order to reduce waste. Governments across the world are imposing stringent regulations to control waste and reduce its impact on the environment and this will be a major restriction to the retort packaging market growth as most of retort packaging are made of plastic based materials that are being banned across the world. This factor is expected to slow down the retort packaging market growth over the forecast period.

Report Scope:

Global Retort Packaging Market: Segmentation

The global retort Packaging market is segregated based on type, material, end-user, and region.

By End-user, the retort packaging market is segmented into food, beverage, and Others (pharmaceutical and personal care products). The increasing demand for retort packaging in the food industry is expected to boost the retort packaging market potential over the forecast period. This segment is expected to emerge as the dominant one over the forecast period owing to the rise in consumption of packaged and convenience foods by increasing working [population across the world.  

Recent Developments

• In March 2021 – Amcor a leading name in the packaging industry announced the launch of new recyclable microwavable rice pouches for the United Kingdom market that is made from a recyclable retort material to comply with sustainability norms.

Retort Packaging Market: Regional Landscape

Asia Pacific region will lead the global retort Packaging market in terms of revenue and volume share owing to changing lifestyle trends and increasing per capita disposable income of the general population. Increasing demand for packaging solutions with longer sustainability and high consumption of packaged foods and meals is also expected to prominently drive the retort packaging market growth in this region through 2028. Emerging economies of China, Japan, and India are estimated to exhibit lucrative opportunities for the retort packaging market over the forecast period in the Asia Pacific region.

Increasing consumption of packaged foods will drive the market for retort packaging in North America and Europe over the forecast period.

Retort Packaging Market: Competitive Landscape

Some of the main competitors dominating the global retort Packaging market include - Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Mondi Group (South Africa), Otsuka Holdings Co. Ltd (Japan), Tredegar Corporation (US), Coveris (Austria), Clondalkin (Netherlands), Sealed Air Corporation (US)

The global retort Packaging market is segmented as follows:

By Type

• Pouches
• Trays
• Cartons
• Others (metal cans, plastic, and glass bottles)

By Material

• PET
• Polypropylene
• Aluminum foil
• Polyethylene
• Polyamide
• Paperboard
• Others (EVOH, EVA, PVdC)

By End User

• Food
• beverage
• Others (pharmaceutical and personal care products)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa