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Global Retort Packaging Market 2016-2020

  • Published: Jun 2016
  • Pages: 72
  • SKU: IRTNTR9619
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This market research study presents a comprehensive analysis of the global retort packaging market by type of packaging (cartons, pouches, and trays), by application (beverages, food, healthcare, and others), and by geography (APAC, Europe, North America, and ROW). The leading vendors in this market are Amcor, Berry Plastic, Coveris, Mondi, and Sonoco.

Overview of the global retort packaging market

Retort packaging is a heat-resistant pack primarily used for packaging food and beverages. They are used for storing heat-treated foods and are mainly use as an alternative for cans as they provide a longer shelf-life to packaged food products. The millennial population, primarily working professionals, are increasingly looking for convenience in everyday products, especially food, beverages, and personal care. Retort packaging is available in the form of pouches, trays, cartons, which provide ease of use to the consumers. For instance, most retort pouches offer convenience features like zipper reclosure, tear notches, peel-off lids, microwave-safe, and hang hole features. Such innovative packaging designs offer higher convenience and portability, leading to their augmented demand. Moreover, vendors are investing in new production methods and equipment as well as the upgrade of existing machine, which will contribute to this market’s growth over the next four years. According to the market research analysts at Technavio, the global retort packaging market is envisaged to witness tremendous growth and will post a CAGR of more than 12% over the forecast period.

The introduction of premium pet care products is one of the emerging trends propelling the growth prospects for this market during the forecast period. Premium pet care products include organic pet care products, which are safer than traditional pet care products. In addition, premiumization is expected to drive the development of new flavors and ingredients used in pet foods, including chicken, carrots, and spinach. The growth of the global pet care market is anticipated to gain traction due to the augmented demand for premium pet care packaging, which will, in turn, translate into the growth of retort packaging market during the predicted period.

Segmentation by application and analysis of the retort packaging market

  • Beverages
  • Food
  • Healthcare

According to this market research analysis, the food segment dominated the market and accounted for more than 65% of the market share during 2015. The growth of this sector is attributed to the increasing use of retort pouches for packaging curries, sauces, and other ready-to-eat meals. Moreover, growing urbanization and increasing disposable incomes have led to the increasing consumption of products like sauces, dressings, and condiments. Owing to the changing landscape of consumerism, the market is expected to witness the augmented adoption of retort pouches as they have high barrier resistance properties that prevent decay, thus implying a longer shelf life. Also, the growing preference for pet food and baby foods has surged, which is likely to drive this market segment’s growth in the future.

Geographical segmentation and analysis of the retort packaging market

  • APAC
  • Europe
  • North America
  • ROW

In terms of geography, the APAC region dominated the market and is anticipated to reach more than USD 1 billion by 2020. Factors such as an expanding population and rising consumption of ready-to-eat food and beverages will lead to an augmented demand for flexible packaging products, including retort pouches, trays, and cartons. Also, a preference for curries and sauces in India, China, and Japan will fuel the demand for retort packaging products in the region.

Competitive landscape and key vendors

Due to the presence of several well-diversified domestic and international vendors, the retort packaging market is highly fragmented and is witnessing stiff competition. The level of competition is likely to intensify on the basis of product differentiation, portfolio, and pricing. The international vendors are expected to grow inorganically by acquiring regional or local vendors.

Key vendors in the market are -

  • Amcor
  • Berry Plastic
  • Coveris
  • Mondi
  • Sonoco

Other prominent vendors in this market are   Astrapak, Bemis, Clondalkin, Flair Flexible Packaging, Floeterindia, Fres-co System USA, Graham Packaging, Logos packaging, Nittopack, Otsuka, Polynova Industries, Sealed Air, Swisspack, Tredegar, and Winpak.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global retort packaging market?
  • What are the key market trends impacting the growth of the global retort packaging market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global retort packaging market?
  • What are the market opportunities and threats faced by the vendors in the global retort packaging market?
  • Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
  • What are the key outcomes of the five forces analysis of the global retort packaging market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview: Global retort packaging market
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by types of packaging

  • Global retort packaging market by types of packaging
  • Global retort pouches packaging market
  • Global retort trays packaging market
  • Global retort cartons packaging market

PART 07: Market segmentation by application

  • Global retort packaging market by application

PART 08: Geographical segmentation

  • Global retort packaging market by geography
  • Retort packaging market in APAC
  • Retort packaging market in Europe
  • Retort packaging market in North America
  • Retort packaging market in ROW

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

  • Competitive scenario
  • Amcor
  • Berry Plastics
  • Coveris
  • Mondi
  • Sonoco
  • Other prominent vendors

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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