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The retort packaging market size is forecast to increase by USD 1.94 billion at a CAGR of 8.06% between 2023 and 2028.
The retort packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The food segment is estimated to witness significant growth during the forecast period. The market is experiencing notable growth due to the increasing consumption of ready meals, particularly in sectors such as meat, poultry & seafood, baby food, soups, sauces, and ready-to-eat meals. Retort packaging solutions, including pouches, trays, cans, glass jars, and stand-up pouches, ensure food safety and convenience for consumers. The market is driven by changing lifestyles, increased urbanization, and the growing popularity of on-the-go consumption. Key materials used in retort packaging include paper boards, raw paper materials, plastic resins, and flexible packaging solutions. Sustainable options, such as mono-material flexible packaging and organic tin compounds, are gaining traction due to consumer demand for eco-friendly alternatives.
The beverage sector also contributes to the market growth, with heat-resistant laminated plastic and high-performance retorts used for packaging hot beverages. The market is expected to continue expanding due to rising consumer spending, the convenience of stand-up retort pouches, and the portability of lightweight packaging materials like polypropylene, polyamide, and polyethylene terephthalate (PET).
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The Food segment was valued at USD 1.94 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in Asia Pacific (APAC) is experiencing significant growth, driven by expanding industries such as e-commerce, fast-moving consumer goods (FMCG), and personal care. Countries like China, India, and Japan are anticipated to be major contributors to the market's revenue growth. The retail and e-commerce sectors in APAC are thriving due to increasing consumer preference for convenience and the popularity of online retailers, including Alibaba Group Holdings Ltd. End-user industries, such as ready meals, meat, poultry & seafood, pet food, baby food, soups & sauces, and ready-to-eat meals, are major consumers of retort packaging. Retort cans, pouches, glass jars, and trays are popular packaging solutions.
Materials used include food fillers, cookies, paper boards, raw paper materials, plastic resins, and flexible packaging solutions. Consumers' changing lifestyles and increased urbanization have led to the demand for lightweight, portable, and easy-to-handle packaging. Heat-resistant laminated plastic, stand-up retort pouches, and high-performance retorts are gaining popularity. The market is also witnessing a trend towards sustainable flexible packaging, such as mono-material flexible packaging and organic tin compounds. The beverage sector is another significant market for retort packaging. Consumer spending on health and wellness, convenience, and on-the-go consumption is driving demand for packaged foods and beverages. Stand-up pouches, snack food, and dry food packaging are popular choices.
The market is also witnessing innovation in closure types, such as tear notches and zippers, for easier opening and resealing. In conclusion, the market in APAC is expected to continue its growth trajectory due to the expanding e-commerce industry, changing consumer preferences, and the increasing popularity of packaged foods and beverages. The market is witnessing innovation in materials, packaging solutions, and closure types to meet consumer demands for convenience, sustainability, and portability.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The retort packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the retort packaging market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, retort packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Amcor Plc - The company specializes in providing retort packaging options, including flexible retort pouches, for various industries such as ready-meals and pet food. These solutions ensure product preservation through high-temperature processing, maintaining food safety and extending shelf life. The use of retort pouches offers advantages like lightweight design, easy handling, and reduced waste compared to traditional cans. Additionally, the pouches can be customized with various sizes, shapes, and printing options to cater to specific branding needs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a range of solutions designed for preserving various food and beverage products through heat processing. This market caters to an extensive array of industries, including ready meals, meat, poultry & seafood, pet food, baby food, soups & sauces, and snack food, among others. The market dynamics are influenced by several factors, with changing lifestyles and increased urbanization being significant drivers. The demand for retort packaging is on the rise due to the convenience it offers, particularly In the context of on-the-go consumption. This trend is particularly prominent In the ready-to-eat meals segment, where consumers seek portable and lightweight packaging solutions that can maintaIn the product's quality and freshness.
Retort packaging comes in various forms, including retort cans, pouches, and glass jars. Each type offers unique advantages, such as ease of handling, heat resistance, and waste reduction. For instance, stand-up retort pouches are gaining popularity due to their portability and ease of use, while flat pouches and glass jars are preferred for their aesthetic appeal and ability to showcase the product's contents. The market for retort packaging is also influenced by the beverage sector, where the focus is on creating an exceptional e-commerce experience. Online brands are increasingly investing in high-performance retorts and sustainable flexible packaging solutions, such as mono-material flexible packaging, to meet the growing demand for convenient and eco-friendly packaging options.
The material used in retort packaging plays a crucial role in its performance and functionality. Common materials include polypropylene, polyamide, polyethylene terephthalate (PET), aluminum foil, and various types of paper and plastic resins. Each material offers unique benefits, such as heat resistance, light weight, and ease of recycling. The closure type is another essential consideration in retort packaging design. Tear notches, zippers, and other types of closures are used to ensure the product remains sealed during the heat processing and transportation stages, while also allowing for easy opening by the consumer. The health and wellness trend is also impacting the market, with consumers increasingly seeking organic and natural food products.
This has led to the development of tin compounds and multilayer flexible packaging solutions that can maintaIn the product's nutritional value and freshness. Consumer spending on packaged foods and beverages is a significant factor driving the growth of the market. As spending power increases, consumers are willing to pay a premium for high-quality and convenient packaging solutions that ensure the freshness and safety of their food products. In conclusion, the market is a dynamic and evolving industry that caters to various sectors and consumer preferences. Its growth is driven by factors such as changing lifestyles, increased urbanization, and the demand for convenient, portable, and eco-friendly packaging solutions. The market offers a range of materials, designs, and technologies to meet the diverse needs of consumers and industries, making it an exciting and innovative space to watch.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.06% |
Market growth 2024-2028 |
USD 1.94 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.95 |
Key countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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