USD 4.45 billion
Retort Packaging Market Size, Share, Growth Analysis, By Material (Polypropylene, Aluminum foil), By Type (Pouches, Cartons), By End Use (Food, Beverages), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15G2069 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
62
|Figures:
75
Retort Packaging Market Insights
Retort Packaging Market size was valued at USD 5.09 Billion in 2023 and is poised to grow from USD 5.45 Billion in 2024 to USD 9.36 Billion by 2032, growing at a CAGR of 7% during the forecast period (2025-2032).
The global retort packaging market is witnessing significant growth and is expected to continue expanding in the coming years. Retort packaging refers to a type of flexible packaging that provides excellent preservation and protection for various food and beverage products. The market is driven by several factors, including the rising demand for convenience foods, the growing popularity of ready-to-eat meals, and the increasing preference for lightweight and easy-to-use packaging solutions. Retort packaging offers advantages such as extended shelf life, enhanced food safety, and reduced transportation costs, making it an ideal choice for both manufacturers and consumers. Additionally, the increasing urbanization, changing lifestyles, and busy schedules of consumers have led to a surge in the demand for on-the-go meals, further fueling the market growth. Moreover, advancements in packaging technologies, such as the development of high-barrier materials and innovative designs, have improved the overall performance and attractiveness of retort packaging. The market is highly competitive, with key players focusing on product innovation, strategic collaborations, and mergers and acquisitions to gain a competitive edge. Geographically, North America dominates the global market, owing to the presence of a well-established food and beverage industry and a high consumer preference for packaged food products. However, emerging economies in Asia Pacific, such as China and India, are witnessing rapid market growth due to the increasing disposable incomes, urbanization, and changing consumer preferences in these regions. Overall, the global market is poised for substantial growth in the foreseeable future, driven by the demand for convenient and sustainable packaging solutions across various industries.
US Retort Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2031
Global Market Size
Largest Segment
Pouches
Fastest Growth
Pouches
Growth Rate
7% CAGR
Global Retort Packaging Market ($ Bn)
Country Share for North America Region (%)
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Retort Packaging Market Segmental Analysis
Global Retort Packaging Market is segmented by Type, by Material, by End-use, and by Region. Based on Type, the market is segmented into Pouches, Trays, Cartons, Others (metal cans, plastic and glass bottles). Based on Material, the market is segmented into PET, Polypropylene, Aluminum foil, Polyethylene, Polyamide, Paperboard, Others (EVOH, EVA, PVdC). Based on End Use, the market is segmented into Food, Beverages, Others (pharmaceutical and personal care products). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Retort Packaging Market Analysis By Type
The dominant segment in the global retort packaging market is pouches. Pouches offer several advantages such as lightweight, flexibility, and excellent barrier properties, making them highly suitable for a wide range of food and beverage products. Pouches provide convenience in terms of portability, easy opening, and resealing, making them popular among consumers. They are widely used for packaging ready-to-eat meals, sauces, soups, baby food, and pet food, among others. Pouches also offer benefits to manufacturers, including cost-effectiveness, efficient space utilization, and reduced transportation costs. The demand for pouches in the retort packaging market is driven by the increasing preference for on-the-go meals, convenience foods, and the need for sustainable and innovative packaging solutions.
The fastest-growing segment in the global retort packaging market is trays. Trays are witnessing significant growth due to their ability to provide excellent product visibility, convenience in handling, and enhanced shelf appeal. Trays offer a rigid packaging solution, ensuring product protection and stability during transportation and storage. They are extensively used for packaging meat, poultry, seafood, and ready-to-eat meals. The growing demand for fresh and frozen food products, the rising popularity of case-ready packaging, and the increasing adoption of modified atmosphere packaging (MAP) techniques are driving the growth of trays in the retort packaging market. Trays also offer opportunities for branding and marketing through attractive designs and labeling, further contributing to their rapid growth in the market.
Retort Packaging Market Analysis By Application
The dominant segment in the global retort packaging market based on application is food. The food industry extensively utilizes retort packaging for various products, including ready-to-eat meals, processed fruits and vegetables, seafood, meat, sauces, soups, and baby food, among others. The demand for retort packaging in the food sector is driven by factors such as increasing urbanization, changing lifestyles, and the growing preference for convenient and on-the-go meal options. Retort packaging ensures food safety, extends shelf life, and maintains the nutritional value of the packaged products, making it a popular choice for food manufacturers and consumers alike.
The fastest-growing segment in the global retort packaging market based on application is beverages. The beverage industry is witnessing rapid growth in the adoption of retort packaging for products such as ready-to-drink coffees and teas, energy drinks, fruit juices, and alcoholic beverages. Retort packaging offers advantages such as convenience, portability, and product freshness, making it suitable for on-the-go consumption. The increasing demand for convenience beverages, rising consumer preference for packaged and shelf-stable drinks, and the need for extended product shelf life are driving the growth of retort packaging in the beverage sector. The versatility of retort packaging in accommodating various shapes and sizes of beverage containers further contributes to its fast-growing adoption in the market.
Global Retort Packaging Market By Type
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Retort Packaging Market Regional Insights
North America dominated the global retort packaging market. North America has a well-established food and beverage industry, and there is a high consumer preference for packaged food products. The region is characterized by a strong demand for convenient and ready-to-eat meals, driving the adoption of retort packaging. Additionally, stringent food safety regulations and a focus on sustainable packaging solutions further contribute to the dominance of North America in the retort packaging market.
The fastest-growing segment in the global retort packaging market based on region is Asia Pacific. Asia Pacific is witnessing rapid market growth due to factors such as increasing disposable incomes, urbanization, and changing consumer preferences in the region. The rising middle-class population and busy lifestyles are driving the demand for convenient and packaged food products, boosting the adoption of retort packaging. Moreover, the expanding retail sector and the growing popularity of e-commerce platforms in countries like China and India are fueling the growth of the retort packaging market in Asia Pacific. The region also presents significant opportunities for market players due to the presence of a large consumer base and untapped markets.
Global Retort Packaging Market By Geography
- Largest
- Fastest
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Retort Packaging Market Dynamics
Retort Packaging Market Drivers
Increasing demand for convenience foods
- One key driver of the global retort packaging market is the increasing demand for convenience foods. The busy lifestyles and changing dietary habits of consumers have led to a surge in the preference for convenient and ready-to-eat meals. Retort packaging provides a convenient solution for packaging such foods, offering ease of use, portability, and extended shelf life. This driver is fueled by factors like urbanization, rising disposable incomes, and the need for on-the-go meal options.
Retort Packaging Market Restraints
Environmental concerns associated with packaging waste
- One key restraint of the global retort packaging market is the environmental concerns associated with packaging waste. Retort packaging often involves the use of multiple layers of materials, including plastics and aluminum, which can contribute to the generation of non-biodegradable waste. The improper disposal and recycling of such packaging can have detrimental effects on the environment. As sustainability becomes an increasingly important focus for consumers, manufacturers, and regulatory bodies, the retort packaging industry faces the challenge of developing more eco-friendly and recyclable packaging solutions to address these concerns.
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Retort Packaging Market Competitive Landscape
The competitive landscape of the global retort packaging market is characterized by intense competition and the presence of numerous players striving to gain a competitive edge. Key players in the market focus on strategies such as product innovation, strategic collaborations, mergers and acquisitions, and expanding their production capabilities to cater to the growing demand for retort packaging. These players aim to enhance their market presence, increase their product offerings, and improve their technological capabilities to meet the diverse needs of customers. Additionally, investments in research and development activities, advancements in packaging technologies, and a focus on sustainable and eco-friendly packaging solutions are key trends observed in the competitive landscape of the retort packaging market.
Retort Packaging Market Top Player’s Company Profiles
- Berry Global Inc.
- FLAIR Flexible Packaging Corporation
- PORTCO PACKAGING
- Mondi
- Tetra Pak
- Clifton Packaging Group Limited
- DNP America, LLC.
- Sonoco Products Company
- Amcor plc
- Sealed Air
- WINPAK LTD.
- Huhtamaki
- LD PACKAGING CO., LTD
- Paharpur 3P
- Printpack
- Floeter India Retort Pouches
Retort Packaging Market Recent Developments
- In December 2021, Sonoco completed the acquisition of Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America. This strategic acquisition complements Sonoco's prominent consumer packaging franchise and contributes to strengthening their cash flows and earnings. It also expands Sonoco's packaging portfolio, enhancing their position in the market.
- In March 2021, Amcor Ltd, in partnership with Mars, announced the introduction of recyclable microwavable rice pouches in the United Kingdom. This milestone was achieved by leveraging Amcor's AmLite HeatFlex technology. The collaboration between Amcor and Mars began in December 2020, aiming to develop a recyclable retort material in a stand-up pouch format that meets food safety standards. This supermarket roll-out of recyclable rice pouches reflects their commitment to sustainable packaging solutions.
- In February 2021, SEE announced the acquisition of Foxpak Flexibles Ltd. under its SEE Ventures initiative, which focuses on investing in disruptive technologies and business models for accelerated growth. Foxpak has revolutionized the industry by utilizing digital printing capabilities to directly print on flexible packaging materials, providing branding opportunities for their customers. Their scalable solutions cater to the production requirements of customers of all sizes. This acquisition further strengthens SEE's cash flows and earnings, while expanding their packaging portfolio.
Retort Packaging Key Market Trends
- Growing emphasis on sustainable packaging solutions: One key market trend in the global retort packaging market is the growing emphasis on sustainable packaging solutions. With increasing awareness and concerns about environmental impact, there is a rising demand for retort packaging that is eco-friendly, recyclable, and reduces waste. Market players are focusing on developing innovative packaging materials and technologies that minimize the environmental footprint while maintaining the required product protection and shelf life. The trend towards sustainable retort packaging aligns with the growing consumer preference for environmentally conscious products, driving the adoption of more sustainable practices in the industry.
Retort Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Retort Packaging Market analysis, the global market is experiencing significant growth driven by various factors. The market is witnessing a rising demand for convenience foods and ready-to-eat meals, leading to the adoption of retort packaging solutions. Pouches dominate the market due to their lightweight, flexible, and barrier properties, making them suitable for a wide range of food and beverage products. Trays are the fastest-growing segment, driven by their excellent product visibility and convenience in handling. In terms of application, the food segment holds the dominant position, fueled by the increasing preference for packaged food products. The beverages segment is the fastest-growing, driven by the demand for on-the-go and shelf-stable drinks. North America is the dominant region due to a well-established food and beverage industry, while Asia Pacific is the fastest-growing region due to increasing disposable incomes and changing consumer preferences. The competitive landscape is intense, with key players focusing on product innovation and strategic collaborations. However, the market also faces the challenge of addressing environmental concerns associated with packaging waste. Overall, the global market is witnessing substantial growth driven by convenience, sustainability, and changing consumer preferences.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.76 billion |
| Market size value in 2031 | USD 8.75 billion |
| Growth Rate | 7% |
| Base year | 2023 |
| Forecast period | 2023-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Retort Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Retort Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Retort Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Retort Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Retort Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Retort Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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