“Retort Packaging market is valued at $38.96bn in 2019” says new Visiongain report

01 May 2019

Visiongain has launched a new packaging report Retort Packaging Market Report 2019-2029: Forecasts by Type (Pouch, Tray, Cartons), by Materials (Polyester, Polypropylene, Other) and Applications (Food, Beverages, Others) and Profiles of Leading Companies and Regional and Leading National Market Analysis.

The retort packaging market is estimated to be valued at US$38.96bn in 2019 and is expected to record healthy moderate growth rates over the next ten years. Retort packaging is becoming popular in the food and beverage markets due to advantages such as lightweight packaging and it being easy to transport. The retort packaging market has enormously benefitted from the rise in demand for convenience foods driven by the rising young population with high disposable income. This growth is also supplemented by the growing retail network in emerging economies coupled with the rise in awareness of consumer towards hygiene and product quality.

In the recent past, the demand for convenience food and beverages has increased at a significant rate owing to the rising young population with high disposable income and low cooking skills. Also, an increase in urban population and the busy lifestyle of the urban youth is one of the primary factors responsible for the rise of packaged food and beverages market. Asia-pacific region accounted for the highest share of the total market value, followed by Europe and North America. This is attributed to the changing lifestyle, increasing disposable income, extensive growth in population, and growth in the packaged food industry in the region. Other factors include technical developments, cost per package, urbanisation, investment in infrastructure, development of retail chains in the Asia-Pacific. Also, the region is witnessing the highest growth rate from 2019 to 2029 and is expected to lead its dominance in the market. The market in developing countries, such as China and India are estimated to contribute the highest from 2019 to 2029.

The Visiongain report analyst commented "Rising inclination of the consumer for convenience and on-the-go products in both developing and developed countries across the globe is anticipated to drive the growth of the retort packaging market during the forecast period. Further, the entrance of new players in the market is anticipated to intense competition in the market in the near future."

Leading companies featured in the report who are offering retort packaging solutions and services include Amcor Ltd., Astrapak Limited, Bemis Co. Inc., Berry Global Group, Inc., Coveris Holdings S.A., Mondi Plc, ProAmpac LLC (Ampac Holdings, LLC), Sealed Air, and Sonoco Products Co.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain publishes Luxury Packaging Market Report 2020-2030

Luxury packaging is an important specialised market in enormous packaging industry globally. Though it plays small part in the global packaging industry, the environmental impacts of it is on the heavier side.

22 May 2020


Visiongain publishes Next-Generation Products in Tobacco Market Report 2020-2030

Global next-generation products in the tobacco market was valued at US$19.9 billion in 2019 and is anticipated to grow at a CAGR of 12.2% from 2020-2030 to reach at market value of US$48.6 billion by 2030. The market is anticipated to grow at a CAGR of 11.4% in the first half of the forecast period while the second half of the forecast period is anticipated to grow at CAGR of 12.9%.

07 May 2020


“Clinical Trial Packaging & Labelling Market is poised to surpass US$650 million in 2020” says new Visiongain report

The global clinical research industry is in a transition phase as major giants are turning to emerging economies across the Asia Pacific to conduct clinical research which is projected to offer lucrative revenue generation avenues for the Clinical Trial Packaging & labelling competitors.

24 March 2020


“Active, Smart and Intelligent Packaging market is projected to reach US$23.76 billion in 2020” says new Visiongain report

Increasing awareness among manufacturers to tackle counterfeit products especially in developing countries is anticipated to boost the growth of active, smart and intelligent packaging at a significant rate during the forecast period.

18 March 2020