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| Global Retort Packaging Market Growth |
Retort packaging helps extend the shelf life of food products by using a
thermal sterilization process. It involves sealing food in a pouch or tray then
applying heat to kill any microorganisms, thereby preventing spoilage.
The Global
Retort Packaging Market Growth is estimated to be valued at US$ 40.82 Mn in 2024 and is expected to
exhibit a CAGR of 7.7% over the forecast period 2024 to 2030.
Key Takeaways
Key players: The major players in the retort packaging market are BEYO Chemical
Co., Ltd., Cathay Biotech Inc., Chemceed, Evonik Industries AG, Haihang
Industry, Selleck Chemicals, Serena Chemicals, TCI Chemicals (India) Pvt. Ltd.,
Thermo Fisher Scientific Inc., and UBE Industries, Ltd. These companies are
focusing on new product development and geographic expansion to strengthen
their presence.
Key opportunities: Rising demand for ready-to-eat meals and long shelf-life
packaged food offers significant opportunities for players in the retort
packaging market. the growing working population has increased the demand for
convenient packaged food products.
Global expansion: Key players are expanding their manufacturing facilities
globally especially in Asia Pacific and South America to cater to the growing
demand form countries like India, China, Brazil etc. Companies are also
forwarding integrating by acquiring plastic product manufacturers and food
processing units.
Market drivers: The demand for retort packaging from food processing industry
is the key factor driving market growth. Retort packaging helps extend the
shelf life of foods upto 3 years without any refrigeration. This feature is
increasing its adoption over conventional packaging methods.
Market restrain: High cost of retort packaging compared to other packaging
methods can restrain the market growth. Retort pouches and trays involve
multi-layered high-barrier materials and thermal processing which increases
their costs. This deters their usage for certain food products with lower
profit margins.
Segment Analysis
The retort packaging market can be segmented by type as pouches, trays,
cartons. Pouches dominate the market with over 50% share as they are easy to
use, lightweight and provide excellent sealing. Pouches retain the flavor,
texture and nutritional value of food thus extending shelf life without
refrigeration.
The retort packaging market can also be segmented by material as plastic,
aluminum foil, paper. Plastic segment dominates with a share of over 60% as
plastic films used in retort packaging such as polyester, nylon, polypropylene,
polyethylene are resistant to heat sterilization and provide excellent moisture
and gas barrier properties critical for retort packaging.
Global Analysis
Regionally, Asia Pacific dominates the retort packaging market with over 35%
share and is expected to witness the fastest growth during the forecast period.
Growth in Asia Pacific is attributed to rising food processing industry,
increasing demand for convenient packaged food and rising disposable incomes in
countries such as China, India. North America and Europe are also significant
markets for retort packaging driven by established food processing industries
and demand for longer shelf life packaged food. Key players dominating the
retort packaging market globally include Amcor, Berry Global, Graphic Packaging
Holdings, Coveris etc.
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