The Retort Packaging Market Research Report 2018-2023 : Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
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.
Companies Include are: BERRY PLASTICS CORPORATION, AMCOR LIMITED, OTSUKA HOLDINGS CO. LTD, MONDI PLC, ASTRAPAK LTD, SONOCO PRODUCTS COMPANY, CLONDALKIN INDUSTRIES BY, BEMIS COMPANY, INC., INSITE WIRELESS GROUP, COVERIS, TREDEGAR CORPORATION amongest others.
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.
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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.
Key Developments in the Market
May 2017 – Amcor upgraded the quality of retort packaging in the latest brand called AmLite, which is a micro-thin, ultra high barrier that gives packaging designs and protects the product while boosting sustainability.
May 2017 – Amcor announced the expansion of specialty containers business in Latin America, which led to the addition of injection molding and in-mold labeling. The product offerings in the region are thus, also expected to increase.
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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.
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.
The report has 150 tables and figures browse the report description and TOC:
Influence of the Retort Packaging market report:
-Comprehensive assessment of all opportunities and risk in the Retort Packaging market.
– Retort Packaging market recent innovations and major events.
-Detailed study of business strategies for growth of the Retort Packaging market-leading players.
-Conclusive study about the growth plot of Retort Packaging market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
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