Global Retort Packaging Market

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 2024-2031

Report ID: SQMIG15G2069 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

Retort Packaging Market News

  • 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.
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Global Retort Packaging Market size was valued at USD 4.76 billion in 2022 and is poised to grow from USD 5.09 billion in 2023 to USD 8.75 billion by 2031, at a CAGR of 7% during the forecast period (2023-2031).

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. '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'

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.

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.

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.

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Global Retort Packaging Market

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