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Retort Packaging Market to Reach US$ 28.4 Bn by 2031, Finds TMR Study – PR Newswire UK

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12 Jan, 2022, 15:30 GMT
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– Growing preference of retort packaging for meat, poultry, seafood, and pet food products to generate sales revenue, especially in Asia Pacific
Pouches and trays gathering traction for food & beverage packaging; growing need for environmental-friendly packaging solutions to extend avenue
ALBANY, N.Y., Jan. 12, 2022 /PRNewswire/ — Retort packaging, including pouches and trays, are gathering traction for the packaging of ready-to-eat meals and convenience food products. The use of retort packaging is growing for packaging of meat, seafood, soups, sauces, and desserts. Rise in consumption of convenience food is spurring the sales of products in the retort packaging market. The global valuation is projected to advance at CAGR of 5.2% during the forecast period of 2021–2031.
Laminated retort pouches are widely being adopted as an advanced pouch packaging by food & beverages companies worldwide owing to their lightweight, durability, and high barrier properties. Key pouches used in end-use applications are stand-up pouches, back-seal quad, spouted pouches, and gusseted pouches.
The use of heat-resistant plastic materials such as thermoplastics has extended the avenue, find a TMR study on the retort packaging market. They are being preferred for packaging of ready-to-eat food products. Plastics accounts for a sizable share of nearly 76% in 2021 among all the materials used for retort packaging. Retort packaging have also generated significant attention among companies in the pet food packaging industry.
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Asia Pacific accounted for a major share of the global retort packaging market in 2020. Substantive demand for retort packaging for ready-to-eat food has spurred the revenue prospects of the regional market.
Key Findings of Retort Packaging Market Study
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Retort Packaging Market: Key Drivers
Retort Packaging Market: Key Players
Prominent players in the retort packaging market are leaning on expansion of product portfolio. The vast value chain of the market can be attributed to the presence of well-established big players as well as small & medium sized companies, thereby rendering the landscape increasingly competitive.
Some of the key players in the market are DNP America, LLC, Avonflex Pvt. Ltd., Proampac LLC, Sonoco Products Company, Winpak Ltd., Sealed Air Corp., Huhtamäki Oyj, Mondi Group, and Amcor plc.
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Global Retort Packaging Market Segmentation
Retort Packaging Market by Product Type
Retort Packaging Market by Material Type
Retort Packaging Market by End Use
Retort Packaging Market by Region
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About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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