“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 Glass Packaging Market Report 2021-2031

Key factor driving the market growth is increasing demand of packaged food products in different developing countries, including China, India, South Africa, and Brazil. Rising demand from the beverage sector and increasing requirement of transparent packaging is a key factor driving the market growth.

12 February 2021


Visiongain Publishes Caps & Closures Market Report 2021-2031

Key trend driving the market growth is the rising demand for packaged goods in developing countries such as India and China. Some of the factors that improve the growth of caps and closure markets are increasing demand for bottled water and smaller packaging sizes from end-user industries such as food, beverages and healthcare, as well as growing concerns about product quality and safety.

12 October 2020


Visiongain Publishes Beverage Packaging Market Report 2020-2030

Driving beverage packaging developments are beverage companies’ responses to what consumers expect from their beverage packages.

29 July 2020


Visiongain Publishes Renewable Plastic Packaging Market Report 2020-2030

Favorable government policies, availability of bioplastic raw materials, plenty of suppliers, and environmentally friendly properties are expected to drive global renewable plastic packaging industry over the projected period.

27 July 2020