Market Overview:
Global Retort Packaging Market Size Was Valued at USD 40.09 Billion In 2022 And Is Projected to Reach USD 64.91 Billion By 2030, Growing at A CAGR of 5.5% From 2023 To 2030.
Retort packaging is made up of many layers of flexible polymers and metal laminated together. Retort packaging assists in the packaging of a wide range of goods and drinks that may be kept fresh for longer. Retorts are a form of thermal food processing equipment that sterilizes food using heat and pressure. They are one of the most often used thermal food processing technologies. Retort packaging is a sort of semi-rigid and flexible packaging with a characteristic stand-up pouch for cook-in-a-bag meals such as soups, cereals, sauces, and pasta dishes. The necessity for retort packaging can be linked to the quick growth and increase in demand for ready-to-eat or ready meals throughout the world. Factors such as demanding work schedules, expanding single-household populations, and increased consumer purchasing power have boosted the market for ready-to-eat meals, resulting in a greater need for retort packaging.
Top Key Players in the Retort Packaging Market:
Amcor plc., Mondi Group, Huhtamaki Oyj, Sealed Air Corporation, Winpak Ltd, Sonoco Products Company, Coveris Holdings S.A., Proampac LLC, Tredegar Corporation, Avonflex, ALLIEDFLEX Technologies Inc., DNP America LLC., Clifton Packaging Group Ltd, Printpack Inc., Paharpur 3P, and Other Major Players.
Market Dynamics and Factors for the Retort Packaging Market:
Drivers:
Rising Demand For Smart Packaging Alternatives For Packed Food Items
Because cans and jars are large and bulky, retort packaging is a superior alternative to traditional canning processes. They take up a lot of shelf space, which raises storage and shipping expenses, whereas retort pouches are light and take up less room. The packed items are sterilized using a fast heat transfer method. The retort pouches' small shape helps to speed up the sterilizing process. These characteristics of retort pouches may help them gain traction as food storage alternatives to cans and jars. These factors are expected to enhance demand for retort pouches in the food and beverage sector, which will support the retort packaging market's growth in the future years. Globally, the demand for packaged food that is either raw or cooked inside a retort pouch is rapidly increasing.
Opportunities:
Recyclable Retort Packaging Possesses Bright Growth Opportunities As Sustainability Norm
Recyclable Retort Packaging possesses bright growth opportunities as the sustainability norm is getting popular in the market. Many of the market leaders are pumping the money into a recyclable product lineup. The cyclos-HTP Institute, an independent testing lab, has certified AmLite HeatFlex Recyclable as ecological, and it complies with the CEFLEX Consortium's recently issued packaging requirements for a circular economy. It may be readily recycled in numerous European nations, including Germany, Austria, Italy, Norway, and the Netherlands, where plastic collecting systems already exist. With recyclable products getting popular, related raw material selection has become crucial. Because aluminum was not a possibility and paper couldn't endure the steam retort process, companies are switching to a complete polyolefin construction.
Segmentation Analysis of the Retort Packaging Market:
By Type, the Pouches segment dominates the Retort Packaging Market. Because of various advantages such as aesthetics, performance, and cost, the pouch packaging type is expected to increase at the fastest pace throughout the projection period. The overall design and aesthetics of pouches make them a fantastic product promotion tool, and demand is projected to grow in the future years.
By Material, Polypropylene is expected to dominate the retort packaging market. Companies are opting for more sustainable alternatives to use raw materials. Polypropylene acts as a sealing layer and provides flexibility and strength to the pouch.
Regional Analysis of the Retort Packaging Market:
North America is dominating the retort packaging market. Increased urbanization, hectic work lives, rising single-household populations, and rising consumer buying power have accelerated the expansion of pre-packaged products, which are often packaged in stand-up retort pouches, hence acting as significant drivers for the retort pouch sector. Because it is a highly handy and portable packaging option, retort packaging is quickly gaining favor. Many consumers in the nation prefer flexible, stand-up pouches to rigid packaging. Whether for snack food, beverages, baby food, or industrial oils and lubricants, consumers have increased the demand for stand-up pouches tremendously over the last decade. Food, pharmaceutical, and nutraceutical goods ingested by people and animals are regulated by the Department of Health and Human Services in the United States.
Key Industry Development:
In October 2021, With the introduction of RetortPouch Recyclable, Mondi, a global pioneer in packaging and paper, expanded its portfolio of sustainable luxury food and pet food packaging.
In October 2020, the world's first recyclable flexible retort pouch was launched by Amcor, a worldwide packaging pioneer, in collaboration with Nestlé. This month, the new high-barrier pouch, which uses Amcor's AmLite HeatFlex Recyclable solution, will be available in Dutch retailers for the first time.
