The global Retort Packaging market gathered revenue around USD 18.4 Billion in 2021 and market is set to grow USD 29.4 Billion by the end of 2030 and is estimated to expand at a modest CAGR of 6.2% during the prediction period 2022 to 2030.
Growth Factors:
In retort packaging, the product is filled first and the package is then sealed and heated to high temperature for sterilization treatment, which helps in removing bacteria/microorganism that result in extended shelf life of a product. Retort packaging includes pouches, trays, cartons, and cans. The demand for retort packaging is anticipated to propel during the forecast period due to the rising consumption of ready-to-eat meals and other healthy packaged food items among customers. Retort packaging offers a number of benefits such as prolonged product shelf life and cost-effectiveness, thus eliminating the need for refrigeration, thereby improving product quality, ease in opening, and offering high-barrier, which make it popular among the food & beverage industry globally. Moreover, the rising preference for lightweight and eco-friendly packaging solutions in the food & beverage industry augment the sales of retort packaging, as retort packaging manufactures are launching innovative, environment-friendly, and cost-effective retort packaging solutions. Overall, on the back of all the abovementioned factors, the demand for retort packaging is expected to boost during the foreseeable period.
Report Scope of the Retort Packaging Market
Report Coverage |
Details |
Market Size |
US$ 29.4 Billion by 2030 |
Growth Rate |
CAGR of 6.2% from 2022 to 2030 |
Largest Market |
Asia Pacific |
Fastest Growing Market |
North America |
Base Year |
2021 |
Forecast Period |
2022 to 2030 |
Segments Covered |
Product Type, Material Type, End Use and Region, |
Companies Mentioned |
Amcor plc., Huhtamaki Oyj, Mondi Group, Winpak Ltd., Coveris Holdings S.A., Sealed Air Corporation, Proampac LLC, Sonoco Products Company, Tredegar Corporation, ALLIEDFLEX Technologies, Inc., Avonflex, Printpack, Inc., DNP America, LLC., Clifton Packaging Group Ltd., Paharpur 3P, etc. |
Rising Consumption of Ready-to-Eat Foods Items Need for Protective Food Packaging for Baby Food Products: Key Driver
The prevalence of convenience food, especially among consumers, is a trend that has been witnessed in the past few years and has become a recent phenomenon. Retort packaging is widely preferred worldwide, owing to the increased shelf life of products as compared to conventional packaging methods. Factors such as changing socio-economic conditions and increasing women workforce lead to rise in the adoption of ready-to-eat meals and products, which require minimal effort and less preparation time.
Increasing adoption of ready-to-eat meals and products, in turn, is expected to fuel the growth of the retort packaging market during the forecast period. Moreover, sales of healthy packaged food items among millennial are rising, which supplement the sales of retort packaging across the globe. The rise in the number of organized retail stores also creates growth opportunities for the retort packaging market.
Demand for baby food is rapidly increasing in various countries of the world. Additionally, there is an increasing demand to improve the packaging of infant food to preserve the nutritional value of such products and extend the shelf life. Rapid product developments and innovations in retort packaging have been witnessed in the past few years, which creates various opportunities for manufacturers to explore new end-use applications such as baby foods and toddler foods, which are convenient and hygienic.
Key Trend of Using Eco-friendly and Lightweight Packaging Fuels Demand for Retort Packaging
Popularity of retort pouches among consumers due to their eco-friendly and lightweight characteristics are factors resulting in increasing popularity, especially in the food & beverages industry. For instance, small pillow pouches produced by manufacturers were the conventional standard, but currently, manufacturers are shifting their preference toward efficient retort process and attractive pouches. As compared to aluminium trays and cans, retort pouches use less packaging material and sterilize at a lower temperature, which adds to the eco-friendly aspect.
Increasing adoption and preference for retort packaging among manufacturers and consumers alike can be attributed to its compactness, low weight, and lower environmental impact properties. As compared to conventional packaging, retort packaging products are less bulky and lighter in weight, which ultimately results in cost-saving, owing to lower shipping weight. These advantages offered by the adoption of retort packaging is expected to boost the global retort packaging market growth. Retort packaging, along with ensuring prolonged shelf life of products, provides an eco-friendly packaging solution to the food & beverage manufacturers who are looking for improved packaging solutions. The trend of eco-friendly packaging among customers is increasing day-by-day, which creates market growth opportunities for retort packaging.
Some of the prominent players in the Retort Packaging Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Retort Packaging Market Segmentation
Retort Packaging Market by Product Type
Retort Packaging Market by Material Type
Retort Packaging Market by End Use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Retort Packaging Market Study: