Retort Packaging Market likely to reach beyond USD 4.5 Billion by 2025 at a CAGR of 5.1%

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SummaryRetort Pouch Packaging Market By Packaging Type (Pouch, Carton, Tray), Material (Polypropylene, Polyester, Aluminum foil, Food Grade cast polypropylene, Biomaterial, Paperboard, Nylon), End-use (Food, Beverage, Pharmaceutical), Region — Global Forecast Till 2023Retort Pouch Packaging Market OverviewRetort Pouch Packaging is a type of food packaging made from heat resistant laminated plastic and metal foil.

It is mainly used for storing the food and beverage items and provide a longer shelf-life to packaged products.

The main aim of Retort Pouch Packaging is to destroy microorganism by heating, protect food from chemical or enzymatic reactants and to keep the food ready for consumption.The Global Retort Pouch Packaging Market is expected to reach approximately USD 42.05 Billion by 2023, growing at a CAGR of ~7.5% during the forecast period.Regional AnalysisIn terms of geography, Asia Pacific dominates the global Retort Pouch Packaging Market, and it is anticipated to grow with the highest CAGR during the forecast period.

Europe and North America are expected to closely follow Asia Pacific during the forecast period.

Retort Pouch Packaging Market SegmentationGlobal Retort Pouch Packaging Market has been segmented based on packaging type, material, end- use, and region.

Based on packaging type, the market is segmented as pouches, cartons, trays, and others.

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.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 Scope of the ReportRetort 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.Key Market TrendsPouches to hold Major ShareOwing to various advantages such as high shelf life equal to metal containers, resistance to corrosion, customizable size, etc.

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.

There has been a shift toward flexible packaging compared to rigid packaging, which further enables the growth of pouches.The rise in the middle-aged population globally is stimulating the growth of packaged food.

The major industry players’ increasing focus on the lucrative market opportunities has resulted in major revenue-generating opportunities in the region.

The flexible, laminated plastic packaging pouch found on the food products are Retort Pouches and the packaging is called as Retort Packaging. Retort Packaging found it`s application in the packaged food industry to pack a wide range of products like from water to fully cooked meals such as Meals, Ready-to-Eat (MREs) which can be eaten cold, warmed by submersing in hot water and so on. They have wide range of thermal stabilization.

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Global Retort Pouches Market is Segmented on the basis of Product type: Stand-up Pouches, Spouted Pouches, Zipper Pouches, Others; on the basis of material type: Polyethylene terephthalate (PET), Polyester, Polypropylene, Food-Grade Cast Polypropylene, Nylon, Other; on the basis of end-use: Food, Beverages, Pharmaceutical, Personal care.

The major growth driver for the Retort Packaging Market is it`s thermal stability as it can withstand high temperature thus keeping it`s content safe. The consumers are getting more conscious about their health and there is a need of continuous research and development to maintain the nutrition value as well as proper hygiene. The Retort packaging serves both the requirements of the customers which keeps the market in demand.

The cost of raw materials for retort packaging are higher as compared to the ordinary packaging, which is the main restraint in the Retort Packaging Market. But, the growing demand and health consciousness among people is providing ample opportunities for the Retort Packaging Market to grow and expand further in the upcoming years.

On the basis of the market segment by application, Food industry has the largest market share. With the increasing demand of attractive packaging, it has now became mandatory for the products to be hygienic but also to look appealing . Thus, Food sector are focusing more on the Retort packaging these days because it covers both the basic necessities required by the consumers i.e. hygiene and preservation.

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Geographically, Asia Pacific is has the largest market share in the world. European Market and North American Market. The rapidly growing industrialization in the developing countries of Asia Pacific region like India, China etc. are encouraging the markets of food, beverages, dairy etc to grow. So, the Retort Packaging Market is also going to register growth.

The major key players are: Mondi Group, Amcor Limited, Sonoco Products, Bemis Company Inc., Sealed Air Corporation, Berry Plastics Corporation, Otsuka Holdings Company Limited, Tredegar Corporation (U.S.), Coveris (U.S.).

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