“Retort Packaging Market Share – Growth, Trends, And Forecast (2019 – 2024)”: 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 retort packaging market was valued at USD 36.21 billion in 2018 and is expected to register a CAGR of 7.11% over the forecast period (2019-2024). 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 market.
Major Companies Include are:
Amcor, Ltd, Constantia Flexibles, Bemis Company Inc., Clifton Packaging Group Limited, Clondalkin Industries BV, Coveris Holdings SA, Flair Flexible Packaging Corporation, Mondi PLC, Tetra Pak International S.A, Proampac, Sonoco Product Company, Winpak Ltd, Sealed Air Corp.
Avail Free sample copy before purchase:
Convenience is a major differentiating factor in packaging solutions. Recent innovations in retort packaging have emphasized 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.
The 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.
Scope of the Report:
Retort pouches combine the advantages of the metal can with the frozen boil-in-the-bag. They consist a thin profile of the pouch or container that provides rapid heat transfer for both preparation and for sterilization during processing.
(Special Offer: Get flat 15% discount on this report)
Inquire for Discount: –
Key Market Trends
Pouches to hold Major Share
Owing to various advantages such as high shelf life equal to metal containers, resistance to corrosion, customizable size, etc. compared to the other available alternates, pouches are one of the most widely used packaging methods.
The manufacture of pouches is easier compared to other forms of packaging. The rapid transfer of heat, aids in the preparation and sterilization during packaging. The thin profile of the pouch contributes to about 30%-40% reduction of processing times; these factors have further aided in the growth of pouches for retort packaging.
Governments of countries, like India, have been keen on producing vegetables and other ready-to-eat food in pouches to avoid contamination of the products. This also enables the availability of such foods off the shelf. These pouches also can be vacuum packed, which can be used for products, like smoked seafood.
The rise in the middle-aged population globally is stimulating the growth of packaged food. In many developing countries, the average rate of annual spending on packaged food has increased by more than 20% annually.
Geographic Trends
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.
Browse the report description and TOC: –
Reasons to Buy: –
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About us: –
MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact Us: –
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com