Retort Packaging Market to Expand at a Torrid PacePosted by sagark on February 12th, 2020 Retort packaging Market information By Packaging Type (Pouch, Carton, Tray), Material (Polypropylene, Polyester, Aluminum foil, Food Grade cast polypropylene, Biomaterial, Paperboard, Nylon), End-use (Food, Beverage, Pharmaceutical), Region — Global Forecast Till 2023 Retort Packaging Market Scenario Retort packaging is composed of heat resistant laminated plastic and metal foil. They provide extended shelf-life to packaged products. Retort packaging is lightweight and comparatively a flexible packaging option as compared to canning. Market Research Future (MRFR's) latest in-depth report on the global retort packaging market predicts the market to reach a valuation of USD 42.05 Bn at a CAGR of 7.5% over the forecast period of 2017-2023. Cans are being increasingly replaced by retort packaging as it eliminates the disadvantages of canning. Not only are cans heavy and bulky, but they are also resource intensive. Moreover, canned foods tend to be plagued by 'retort flavor' or the typical metallic tats. Retort packaging, on the other hand, has succeeded canning due to its various inherent advantages, including, better thermal conductivity, shorter heating times, and thinner profile which facilitates considerably faster heating in the retort. Conversely, technological challenges and high capital investment required in the technology can hinder the growth of the market over the forecast period. various regulations inhibiting the use of HDPE and PVC in food packaging is a major impediment to the market growth. Additionally, metal recycling remains a key challenge to market growth. Meanwhile, the development of eco-friendly and recyclable retort packaging is likely to provide attractive growth opportunities to the market. Segmentation The global retort packaging market has been segmented based on packaging type, material, and end use. By packaging type, the retort packaging market has been segmented into pouch, carton, and tray. By material, the retort packaging market has been segmented into polypropylene, food grade cast polypropylene, polyester, aluminum foil, biomaterial, paperboard, and nylon. By end use, the retort packaging market has been segmented into food, beverage, and pharmaceutical. Competitive Landscape The eminent players operating in the retort packaging market includes
Industry Updates June 2019 - the Indian Institute of Packaging (IIP) had recently organized a conference on food packaging. The conference addressed various challenges surrounding the industry with a key focus on retort packaging. Regional Analysis By region, the retort packaging market has been segmented into the Americas, Europe, the Middle East & Africa (MEA), and Asia Pacific (APAC). The APAC market is the dominant one in terms of revenue. Growing demand from the pharmaceutical and food & beverage industry for retort packaging is substantiating the growth of the market. Moreover, retort packaging is ideally suited for packaging purposes in the tropical climate of the region. The expanding personal care industry too is boosting the demand for retort packaging. Other factors include growing disposable income, which has spurred the demand for packaged food products. North America and Europe market are anticipated to follow APAC's lead. The prolific growth of the retail industry, there is a high demand for retort packaging. Moreover, the regulatory bodies in the region lay higher emphasis on food safety and advocate the use of flexible packaging solutions. Get Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/retort-packaging-market-2217 Like it? Share it! More by this author |