Global Retort Packaging Market: Overview
Retort packaging falls under the food packaging category in which the food products are packed into pouches or metal cans, sealed and are then heated to a tremendous temperature which makes the food product sterile commercially. The food industry has basically adopted the retort packaging to pack up the foods that range from water to heat-treated, high-calorific ones, entirely cooked meals or meals-ready-to-eat (MREs), etc. The food items that can be eaten cold or the foods that are warmed by submerging it in the hot water are also packed using retort packaging. The traditional industrial canning methods are replaced by the retort pouch.
Global Retort Packaging Market: Segmentation
The global retort packaging market is segmented into its type, material, end-use and regions. On the basis of type, the global market is segregated into cartons, pouches, and trays. Based on the material, the retort packaging market is categorized as polyester, aluminum foil, nylon, paperboard, polypropylene, food-grade cast polypropylene and others. On the basis of end use, the retort packaging market is classified as the beverage, healthcare, food, personal care and others. Region-wise, the global market is diversified into Europe, North America, Asia-Pacific and Rest of the World.
Global Retort Packaging Market: Growth Factors
The prime factor that has helped the retort packaging market to grow is its significant usage in the packaged food industry. The beneficial properties of the retort packaging such as low weight, compactness, and lower environmental impact have helped in changing the preferences of the manufacturers and the consumers to use retort packaging. When compared with the traditional packaging method the retort packaging products are less bulky and the packaging weight is comparatively less hence making them lighter for shipping. This, in turn, offers cost savings and reduces the amount of wastage from both the end-consumers. These factors are contributing to the market growth. The versatility that is offered by the retort packaging is making them in demand in the market. The retort pouches segment has gained popularity in the market and is being used largely in the market.
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Global Retort Packaging Market: Regional Analysis
The region that is considered to be promising in the retort packaging market is the Asia-Pacific. The market has huge opportunities in the region. It is followed by Europe and North America. The market in the Asia Pacific region is growing owing to the huge development of the food and beverages industry. Countries such as India and China have a high demand for the ready-to-eat meals and the increasing disposable incomes of the people are factors that are contributing to the growth of the market. Moreover, the investments that are made in the food organizations and manufacturing units has increased greatly thus fueling the demand for the retort packaging.
Global Retort Packaging Market: Competitive Players
The key market players in the retort packaging market include Bemis Company, Inc., Sealed Air, Mondi Group, Ampac Holdings LLC., Clondalkin Group, Amcor Limited, Coveris Holdings S.A, Sonoco Products Company, Flair Flexible Packaging Corporation, Winpak Limited Company and Berry Plastic Group, Inc.