Retort Packaging Market report provides emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. Retort Packaging Market analyse factors that effect demand for Retort Packaging, driving factors, trends, and challenges faced by industry vendors, regional analysis, Segment by Type, Applications of whole Retort Packaging industry.
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Description of Retort Packaging Market: The global retort packaging market was valued at USD 33.83 billion in 2017 and is expected to reach USD 36.39 billion by 2023 at a CAGR of 7.56% over the forecast period of 2018–2023. The scope of the report is limited to solutions offered by major players for retort packaging in terms of pouches, cartons, and trays. While the end-users considered in the scope of the report include food & beverages and healthcare. The study also emphasizes on various attack points on materials used for retort packaging and various regions considered globally.
The thermal sterilization of low-acid food products has been a prevalent means of preserving food and is the basis of the evolution of retort packaging. The ease and adaptability of the retort packaging technology resulted in rapid growth of the retort packaging market, making it one of the major domains in the packaging industry. The demand for the light-weight packaging technologies has been a major driving force, contributing to market growth.
Rapidly Increasing Demand for Light-Weight and Compact Packaging
Convenience is a major differentiating factor in packaging solutions. Recent innovations in retort packaging have emphasized on reducing the overall weight of the materials, without compromising the packaging quality. This emphasis on weight reduction has received wide appreciation and is expected to be extensively adopted by the industry. There has been a drastic rise in the number of packaged food products occupying shelf-space in the market, which has boosted the demand for packaged food products, further. The ‘on-the-go’ lifestyle of new age consumers, coupled with the reduction in the average size of households, has led to a strong focus on convenience. The consumer goods companies are increasingly depending on packaging solutions, to gain a competitive edge in the market. Consumers are demanding products that have extended shelf life and are easy to use, which, in turn, is driving the companies to develop alternative packaging solutions.
Pouches are Primary Hotspots for Growth
These pouches were initially incorporated in military applications for packing the ready-to-eat meals, as an alternative to the rigid metal cans. Retort pouches have a distinct advantage over the other conservative alternatives, owing to their quicker heat penetrating property and their compliance with the FDA approvals for thermal processing techniques in the packaging to elongate the product shelf life. The light-weight property of packaging solutions and the ease of opening have been additional factors driving the adoption rate of the retort packaging technology. Pouches have gained popularity, owing to their significant advantages over the existing alternatives, by reducing the logistics and freight costs. Consumer convenience has been another major factor in the increasing adoption of retort packaging techniques. Most common applications for retort pouches include food products, such as tuna, pet food, rice and other ready-to-eat meals, among others. The FDA and USDA approvals for materials is a necessity in the packaging industry, as they have to go through a sterilization process that extends the product shelf life and protects the contents, thereby, significantly boosting the durability of the package on the whole.
North America to Dominate the Market
The United States accounts for more than 20% of the global food retail industry, with an estimated market size of more than USD 1,000 billion. The retail food industry is witnessing growth, owing to the growing demand for packaged food products. Further growth has been forecasted for the market, because of the rise in investments in the healthcare industry, for flexible and retort packaging solutions. The major industry players’ increasing focus on the lucrative market opportunities has resulted in major revenue-generating opportunities in the region. Being home to some of the biggest retail stores and highly-informed customers, makes North America, a very favorable destination for investments in the retort packaging market.
Global Retort Packaging Market: Manufacturers Segment Analysis (Company and Product introduction, Retort Packaging Sales Volume, Revenue, Price and Gross Margin):
Retort Packaging Market report passes on a fundamental overview of the Market including its definition, applications and advancement. Furthermore, the Industry report investigates the ecumenical Major Retort Packaging Market players in detail. Retort Packaging Market report gives key bits of Cautiousnessand subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Reasons to Purchase the Report
The Global demand for Retort Packaging Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Retort Packaging Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Retort Packaging Market Forecast (2018-2025):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Retort Packaging Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
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In addition, company-to-company comparison (Company benchmarking) and product-to-product comparison (Product benchmarking) are included in the research work. It presents key competitive factors that are vital for companies to excel in challenging market conditions.