“According to the SNS Insider report, the Retort Packaging Market is expected to reach USD 5.49 billion by 2031 and grow at a CAGR of 5.04% over the forecast period of 2024-2031”
As both consumer demand and regulatory requirements converge, the retort packaging market is guaranteed for continued expansion.
Busy schedules and a growing number of single-person households are driving a preference for convenient, shelf-stable food options like ready-to-eat meals and pet food. Retort packaging perfectly addresses this need by utilizing a sterilization process that eliminates microorganisms, extending shelf life without refrigeration. This translates to reduced food waste and spoilage, a significant benefit as global food waste surpasses 1.3 billion tons annually.
Governments are implementing stricter regulations on food safety, and retort packaging’s superior protection against contamination aligns perfectly with these initiatives. For instance, the FDA (Food and Drug Administration) in the US mandates stringent guidelines for food packaging materials to ensure consumer safety.
Get a Sample Report of Retort Packaging Market@ https://www.snsinsider.com/sample-request/3131
Major Players Listed in this Report are:
- Sonoco Products Company
- Amcor PLC
- Clondalkin Group
- ProAmpac
- Mondi
- Sealed Air Corporation
- Coveris Group
- Constantia Flexibles
- Winpak Limited
- Clifton Packaging Group Limited
A significant challenge is the high cost of production.
The multi-layered structure, often combining aluminum and plastic, necessitates specialized equipment and drives up prices. This can be a barrier for smaller players, with estimates suggesting retort packaging can be double the cost of traditional options. Additionally, stricter regulations on food safety and growing consumer concerns about environmental impact add complexity. Major retort packaging producers like Amcor, Tetra Pak, and Sealed Air must navigate these challenges while capitalizing on the rising demand for convenient, shelf-stable meals in a busy world.
SNS Insider Research suggests a preference for this format, with 62% of consumers willing to pay a premium for convenient, healthy options.
This trend is capitalizing on busy lifestyles and aligns perfectly with retort’s strength – extended shelf life without refrigeration. Leading players like Amcor and Sealed Air are already innovating in this space, with Amcor expecting retort packaging sales to grow at a high growth rate. By targeting on-the-go consumers with retort pouches filled with fresh, high-protein options, retort packaging can tap into a new revenue stream
Food & Beverages holds the dominant share at around 57.3%, fuelled by the rising demand for convenient and shelf-stable options like ready-to-eat meals, baby food, and pet food. This segment benefits from retort packaging’s ability to extend product shelf life without compromising quality, which aligns perfectly with the fast-paced modern lifestyle. Pharmaceuticals make up a significant portion as well, at approximately 25.2%, due to the need for sterile packaging for medications and sensitive healthcare products. Retort packaging technology ensures sterility and maintains product integrity during transportation and storage. The remaining 17.5% falls under the “Others” category, encompassing a diverse range of applications such as cosmetics, industrial products, and nutraceuticals.
Retort Packaging Market Key Segments:
By Raw Material
- PET
- Paper & Paperboards
- Aluminium Foil
- Polypropylene
- Polyester
- Others
By Packaging Type
- Cartons
- Pouches
- Trays
- Others
By Application
- Food & Beverages
- Pharmaceuticals
- Others
The Asia-Pacific region holds the maximum share in retort packaging market, experiencing a dominant share of over 40%.
This leadership position can be attributed to several key factors. Firstly, APAC is home to a massive and continuously growing population, creating a vast consumer base for convenient food options. Secondly, disposable incomes in the region are on the rise, allowing consumers to spend more on ready-to-eat meals. Finally, the fast-paced lifestyles prevalent in many APAC countries fuel the demand for quick and effortless meal solutions. This several of factors creates a highly receptive market for retort packaging, which offers extended shelf life and convenient food preparation.
Stringent environmental regulations, including over 60% of global plastic packaging production by 2025 with restrictions or bans, pose a significant challenge.
This pushes retort packaging manufacturers towards adopting eco-friendly alternatives like bio-based or recyclable materials. Conversely, the expanding online food delivery sector, projected to reach a market size of USD 182.5 billion by 2024, presents a tremendous growth opportunity. Retort packaging’s suitability for convenient, shelf-stable meals perfectly aligns with this trend. As a result, retort packaging navigates a complex landscape where environmental concerns can act as a deterrent, while the evolving food industry unlocks new avenues for Retort Packaging Market expansion.
Do you have any specific queries or need any customization research on Retort Packaging Market, Enquire Now@ https://www.snsinsider.com/enquiry/3131
Key Takeaways:
- Retort packaging’s ability to withstand high temperatures during aseptic processing eliminates the need for refrigeration, making it ideal for ready-to-eat meals, soups, and pet food.
- Additionally, its extended shelf-life benefits remote locations with limited cold chain infrastructure. However, stringent regulations regarding the safety and recyclability of packaging materials pose potential challenges for market expansion.
- Overall, the retort packaging market presents a promising future driven by consumer preferences for convenience and the need for wider food accessibility.
Table of Contents – Key Points
1 Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2 Research Methodology
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4 Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5 Value Chain Analysis
6 Porter’s 5 forces model
7 PEST Analysis
8 Retort Packaging Market Segmentation, By Raw Material
8.1 PET
8.2 Paper & Paperboards
8.3 Aluminium Foil
8.4 Polypropylene
8.5 Polyester
8.6 Others
9 Retort Packaging Market Segmentation, By Packaging Type
9.1 Cartons
9.2 Pouches
9.3 Trays
9.4 Others
10 Retort Packaging Market Segmentation, By Application
10.1 Food & Beverages
10.2 Pharmaceuticals
10.3 Others
11 Regional Analysis
12 Company profile
13 Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14 Use Case and Best Practices
15 Conclusion
Buy Single-User PDF of Retort Packaging Market Report 2024-2031@ https://www.snsinsider.com/checkout/3131
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Contact Us:
Akash Anand – Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US)
