The Retort Packaging Global Market Report 2023 by The Business Research Company, provides retort packaging market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Retort Packaging Global Market Report 2023, the market size is expected to grow from$3.89 billion in 2022 to $4.1 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global retort packaging is expected to grow to $5.16 billion in 2027 at a CAGR of 5.9%.
An increase in demand for ready-to-eat or ready meals across the globe is contributing to the growth of the retort packaging market.
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The retort packaging market is segmented:
1) By Product Type: Pouches, Trays, Cartons, Other Product Types
2) By Material: PET, Polypropylene, Aluminum foil, Polyethylene, Polyamide, Paperboard, Other Materials
3) By End-Use: Food, Beverages, Other End-Users
Retort packaging manufacturers are increasingly developing recyclable retort pouches to increase sustainable packaging across the globe. For instance, in January 2021, ProAmpac announced it has developed recycle ready retort pouch for pet and human food, this product is added to ProAmpac ProActive Sustainability product portfolio, a set of packaging solutions that are helping ProAmpac customer to meet their greener packaging goals. Moreover, in September 2020, Amcor, a Switzerland-based packaging company, and Nestle, a Switzerland-based food and beverage company collaborated to develop a recyclable retort pouch for pet food.
The retort packaging market report table of contents includes:
1. Executive Summary
2. Retort Packaging Market Characteristics
3. Retort Packaging Market Trends And Strategies
4. Retort Packaging Market – Macro Economic Scenario
5. Retort Packaging Market Size And Growth
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26. Africa Retort Packaging Market
27. Retort Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Retort Packaging Market
29. Retort Packaging Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Amcor
- Coveris
- Sonoco
- Mondi group
- Berry Global
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