The global retort packaging market size was at valued at $14,583.1 million in 2020, and is projected to reach $28,522.0 million by 2032, registering a CAGR of 5.6% from 2023 to 2032. Retort packaging is a type of heat sealing that is used for food preservation. It is associated with canning but has many other applications as well, including storing liquids and powders. The process involves sealing the container with a heated lid to create an airtight seal. This ensures that no bacteria or contaminants will be able to enter the container during storage or transport.
Changing lifestyles due to busy schedules is resulting in increasing dependence on processed food. This further is expected to fuel the growth of the retort packaging market. In addition, rapid growth in the food and beverage sector and increasing consumer preference toward on-the-go food & beverages is another factor that is expected to drive the retort packaging market. In addition, rapid globalization has led to a rise in global trade for processed food which will fuel the growth of the retort packaging market.
The increase in demand for snacks and convenience food in small or single-size portions fuels the growth of the retort packaging market. The packaging industry is moving toward flexible packaging, owing to its multi-fold energy and environmental advantages. The demand for packaged food that is either raw or cooked inside a retort pouch is growing at a fast pace globally. For instance, Walmart was the global leader in packaged food sales with a record sale of $605.8 billion in 2023. The reasons are consumers changing lifestyles due to hectic schedules and the increasing number of consumers who do not prefer spending much time on cooking. These factors are expected to increase the demand for processed food, which can consequently result in rising demand and growth of the retort packaging market during the forecast period.
The retort packaging market is segmented on the basis of packaging type, material, end-user industry, and region. By packaging type, the market is categorized into pouches, trays, cartons, and others. On the basis of material type, it is divided into paperboard, aluminum foil, polypropylene, and others. On the basis of end user, it is divided into food, beverages, and others.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players that operate in the global market have adopted key strategies such as product launches and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the retort packaging market report include Amcor PLC, Berry Global Group, Inc., Constantia Flexibles Group, Huhtamaki Flexible Packaging Ltd., Mondi Group, ProAmpac, Sonoco Products Company, Sealed Air Corporation, Tredegar Corporation, Winpak Limited.
Changing lifestyles due to busy schedules is resulting in increasing dependence on processed food. This further is expected to fuel the growth of the retort packaging market. In addition, rapid growth in the food and beverage sector and increasing consumer preference toward on-the-go food & beverages is another factor that is expected to drive the retort packaging market. In addition, rapid globalization has led to a rise in global trade for processed food which will fuel the growth of the retort packaging market.
The increase in demand for snacks and convenience food in small or single-size portions fuels the growth of the retort packaging market. The packaging industry is moving toward flexible packaging, owing to its multi-fold energy and environmental advantages. The demand for packaged food that is either raw or cooked inside a retort pouch is growing at a fast pace globally. For instance, Walmart was the global leader in packaged food sales with a record sale of $605.8 billion in 2023. The reasons are consumers changing lifestyles due to hectic schedules and the increasing number of consumers who do not prefer spending much time on cooking. These factors are expected to increase the demand for processed food, which can consequently result in rising demand and growth of the retort packaging market during the forecast period.
The retort packaging market is segmented on the basis of packaging type, material, end-user industry, and region. By packaging type, the market is categorized into pouches, trays, cartons, and others. On the basis of material type, it is divided into paperboard, aluminum foil, polypropylene, and others. On the basis of end user, it is divided into food, beverages, and others.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players that operate in the global market have adopted key strategies such as product launches and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the retort packaging market report include Amcor PLC, Berry Global Group, Inc., Constantia Flexibles Group, Huhtamaki Flexible Packaging Ltd., Mondi Group, ProAmpac, Sonoco Products Company, Sealed Air Corporation, Tredegar Corporation, Winpak Limited.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the retort packaging market analysis from 2020 to 2032 to identify the prevailing retort packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the retort packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global retort packaging market trends, key players, market segments, application areas, and market growth strategies.
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- Installed Base analysis
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Key Market Segments
By Type
- Trays
- Cartons
- Others
- Pouches
By Material
- Paperboard
- Aluminum foil
- Polypropylene
- Others
By End User
- Food
- Beverages
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- ProAmpac.
- Sonoco Products Company
- Sealed Air Corporation.
- Winpak Limited
- Tredegar Corporation.
- Amcor PLC
- Constantia Flexibles Group
- Berry Global Group, Inc.
- Huhtamaki Flexible Packaging Ltd.
- Mondi Group
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: RETORT PACKAGING MARKET, BY TYPE
CHAPTER 5: RETORT PACKAGING MARKET, BY MATERIAL
CHAPTER 6: RETORT PACKAGING MARKET, BY END USER
CHAPTER 7: RETORT PACKAGING MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- ProAmpac.
- Sonoco Products Company
- Sealed Air Corporation.
- Winpak Limited
- Tredegar Corporation.
- Amcor PLC
- Constantia Flexibles Group
- Berry Global Group, Inc.
- Huhtamaki Flexible Packaging Ltd.
- Mondi Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 265 |
| Published | November 2023 |
| Forecast Period | 2020 - 2032 |
| Estimated Market Value ( USD | $ 14583.1 million |
| Forecasted Market Value ( USD | $ 28522 million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
