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Global Retort Packaging Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Retort Packaging

The report focuses on the favorable Global “Retort Packaging market” and its expanding nature. The Retort Packaging market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The retort packaging market was valued at USD 36.21 billion in 2018 and is expected to register a CAGR of 7.11% over the forecast period (2019-2024). The thermal sterilization of low-acid food products has been a prevalent means of preserving food and is the basis of the evolution of retort packaging. The ease and adaptability of the retort packaging technology resulted in rapid growth of the market.
  • Convenience is a major differentiating factor in packaging solutions. Recent innovations in retort packaging have emphasized reducing the overall weight of the materials, without compromising the packaging quality. This emphasis on weight reduction has received wide appreciation and is expected to be extensively adopted by the industry.
  • The drastic rise in the number of packaged food products occupying shelf-space in the market, which has boosted the demand for packaged food products, further.
  • The consumer goods companies are increasingly depending on packaging solutions, to gain a competitive edge in the market. Consumers are demanding products that have extended shelf life and are easy to use, which, in turn, is driving the companies to develop alternative packaging solutions

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    Key Manufacturers

  • Amcor, Ltd
  • Constantia Flexibles
  • Bemis Company Inc.
  • Clifton Packaging Group Limited
  • Clondalkin Industries BV
  • Coveris Holdings SA
  • Flair Flexible Packaging Corporation
  • Mondi PLC
  • Tetra Pak International S.A
  • Proampac
  • Sonoco Product Company
  • Winpak Ltd
  • Sealed Air Corp.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Retort Packaging market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Retort Packaging market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Retort Packaging market have also been involved in the study.

    Scope of the Report:

  • Retort pouches combine the advantages of the metal can with the frozen boil-in-the-bag. They consist a thin profile of the pouch or container that provides rapid heat transfer for both preparation and for sterilization during processing.

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    TOC of Retort Packaging Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Retort Packaging market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Retort Packaging Market Report Covered:

    • The report analyses how Retort Packaging market will grow in the future.
    • Analyzing various perspectives of the Retort Packaging market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Retort Packaging market shares and policies employed by the major market players.
    • Competitive landscape including the Retort Packaging market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Retort Packaging market players

    Key Market Trends:

    Pouches to hold Major Share

    Owing to various advantages such as high shelf life equal to metal containers, resistance to corrosion, customizable size, etc. compared to the other available alternates, pouches are one of the most widely used packaging methods.

    The manufacture of pouches is easier compared to other forms of packaging. The rapid transfer of heat, aids in the preparation and sterilization during packaging. The thin profile of the pouch contributes to about 30%-40% reduction of processing times; these factors have further aided in the growth of pouches for retort packaging.

    Governments of countries, like India, have been keen on producing vegetables and other ready-to-eat food in pouches to avoid contamination of the products. This also enables the availability of such foods off the shelf. These pouches also can be vacuum packed, which can be used for products, like smoked seafood.

    Due to the development of on-the-go food consumption, the size of consumption has been decreasing, which has further provided a boost for pouches. There has been a shift toward flexible packaging compared to rigid packaging, which further enables the growth of pouches.

    The rise in the middle-aged population globally is stimulating the growth of packaged food. In many developing countries, the average rate of annual spending on packaged food has increased by more than 20% annually.

    Geographic Trends

    The accounts for more than 20% of the global food retail industry, with an estimated market size of more than USD 1,000 billion. The retail food industry is witnessing growth, owing to the growing demand for packaged food products. Further growth has been forecasted for the market, because of the rise in investments in the healthcare industry, for flexible and retort packaging solutions. The major industry players’ increasing focus on the lucrative market opportunities has resulted in major revenue-generating opportunities in the region. Being home to some of the biggest retail stores and highly-informed customers, makes North America, a very favorable destination for investments in the retort packaging market.

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    Study objectives of Retort Packaging Market Report:

    • To provide a detailed analysis of the market structure along with the Retort Packaging market forecast of various segments and sub-segments of the Retort Packaging market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Retort Packaging market trends that influence the global Retort Packaging market

    Detailed TOC of Retort Packaging Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growing Demand for Lightweight and Compact Packaging Materials
    4.3.2 Sustained Growth in the Packaged Food Industry
    4.4 Market Restraints
    4.4.1 Higher Capital Investments and Raw Material Recycling Issues
    4.5 Industry Attractiveness of Porter’s Five Force Analysis
    4.5.1 Threat Of New Entrants
    4.5.2 Bargaining Power Of Suppliers
    4.5.3 Bargaining Power Of Consumers
    4.5.4 Threat Of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Packaging Type
    5.1.1 Pouches
    5.1.2 Cartons
    5.1.3 Trays
    5.1.4 Other Types
    5.2 By Material Type
    5.2.1 Polypropylene
    5.2.2 Polyester
    5.2.3 Aluminum Foil
    5.2.4 Paper Board
    5.2.5 Nylon
    5.2.6 Food Grade Cast Polypropylene
    5.2.7 Other Materials
    5.3 By End User
    5.3.1 Food
    5.3.2 Beverages
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia Pacific
    5.4.4 Latin America
    5.4.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Amcor, Ltd
    6.1.2 Constantia Flexibles
    6.1.3 Bemis Company Inc.
    6.1.4 Clifton Packaging Group Limited
    6.1.5 Clondalkin Industries BV
    6.1.6 Coveris Holdings SA
    6.1.7 Flair Flexible Packaging Corporation
    6.1.8 Mondi PLC
    6.1.9 Tetra Pak International S.A
    6.1.10 Proampac
    6.1.11 Sonoco Product Company
    6.1.12 Winpak Ltd
    6.1.13 Sealed Air Corp.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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