Global Retort Packaging Market: Analyst’s Assessment

Nearly half of the world’s population now lives in urban parts and their restless lifestyle is leading to radically changed eating habits, wherein packaged food products are preferred for their convenience. From the production facility to the table of consumers, food products need to be packaged in a way that their nutritious values are preserved and retort packaging provides for an adequate mode of increasing shelf-life of the products. With retort packaging, food products are cocooned in special carrier film which can withstand thermal processing temperature of around 130 degree Celsius, and in turn neutralizes all unwanted micro-organisms.

According to this business and commerce report, in terms of value, the demand in the global retort packaging market will propagate at notable CAGR of 7.45% during the forecast period of 2017 to 2024. Revenue-wise, it has been estimated that the opportunities in the global retort packaging market will translate into US$24,706.0 mn by the end of 2024, substantially up from its evaluated worth of US$14,945.0 mn in 2017. In terms of volume, the study has projected the demand to expand at a CAGR of 6.7% and produce a demand for 72,492 mn units by 2024.

global retort packaging market

Retort Packaging are Ideal for Ready-to-eat Meals

Striking benefits of retort packaging over conventional packaging, such as light weight, convenience, aesthetic appeal, and hygiene are the primary factors that are driving the adoption. In addition to that, increasing demand for ready-to-eat meals, innovations in packaging of baby and toddler food, and mushrooming of supermarkets and hypermarkets across urban areas are some of the other factors augmenting the demand in the global retort packaging market. On the other hand, stringent environmental regulations pertaining to the application of HDPE and PVC is one restraint that is curtailing the prosperity of the retort packaging market.

That being said, relentless research and development activities that are currently underway to devise ecofriendly packaging material are anticipated to pave way to new opportunities in this market in the near future. The report also analyzes fresh trends of increasing preference of high-barrier transparent films and stand-up pouches, which are foreseen as an alternative for aluminum cans and trays.

Stand-up Pouches Key Product Segment

On the basis of product type, the retort packaging market has been segmented into: pouches including stand-up, spouted, back-seal quad, and gusseted, cartons, trays, and others such as bottles and cans. As of 2017, the pouches segment had the highest demand, with stand-up pouches the key sub-segment. By the end of 2024, stand-up pouches are estimated to generate a demand of 16,472 units or a revenue of US$7,562.1 mn. Stand-up pouches go a long way in catching the attention of customers at a retail outlet and thereby drive sales. Additionally, these pouches can be filled even with moderately moist food and are capable of maintaining commercially viable shelf-life. Among other product segments, the retort packaging market is expected to gain demand for trays at an above-average CAGR of 8.4% during the forecast period of 2017 to 2024.

Strong Demand Detected for Cast Polypropylene Retort Packaging

Material-wise, the market for retort packaging has been bifurcated into nylon, cast polypropylene, aluminum foil, paper and paperboard, polyethylene (PE), polyester (PET), and others such as polyvinyl chloride (PVD) and polyvinylidine chloride (PVDC). Among these, cast polypropylene and polyester are two segments that are showing greatest promise. While the cast polypropylene segment is estimated to be worth US$5,261.8 mn by the end of 2024, the demand for the polyester segment is projected to expand at an above-average CAGR of 8.5% during the period of 2017 to 2024 to attain a valuation of US$4,634.2 mn. The substantial demand for cast polypropylene market can be attributed to its excellent adhesion with aluminum and high moisture barrier properties.

The report also classifies the retort packaging market on the basis of form into rigid, flexible, and semi-rigid as well as by application into food, beverages, and pharmaceuticals. The food category has been further divided into baby food, ready-to-eat meals, pet food, sea food, soups and sauces, and others such as meat stew.

Asia Pacific the Region with Maximum Potential

Geographically, Asia Pacific, Europe, and North America have been identified as the three regions with maximum potential, respectively. While the Asia Pacific retort packaging market has been estimated to be attain a valuation of US$8,607.4 mn by 2024, the European region is primed to generate a demand worth of 7,148.0 mn. While the Asia Pacific market is driven by its vast population and expanding population of urban population, stringent government regulations for ecofriendly products are driving the European market. In both these regions, stand-up pouches are generating maximum demand.

Some of the key players in a moderately fragmented scenario of the global retort packaging market are Mondi Group, Amcor Limited, Sonoco Products, Bemis Company, Inc., and Sealed Air Corporation. The report profiles a number of prominent players of this market in its extended and featured chapter on the competitive landscape of this market.

Global Retort Packaging Market: Overview

This report provides forecast and analysis of the retort packaging market on the global and regional level. The study provides historic data of 2016 along with forecast from 2017 to 2024 based on volume (Mn units) and revenue (US$ Mn). It includes drivers, restraints and the ongoing trend of the retort packaging market along with their impact on demand during the forecast period. The report also comprises the study of opportunities available in the market for retort packaging on the global and regional level. It includes value chain analysis with list of raw material manufacturers, plastic film manufacturers, plastic film converters, packaging manufacturers and end users in the value chain.

In order to provide the users of this report with comprehensive view of market, we have included detailed competitiveness analysis and company players. The competitive dashboard provides detailed comparison of retort packaging manufacturers on parameters such as company’s revenue, unique selling propositions and key strategic developments. The study encompasses market attractiveness analysis, by product type, material type, form type, application type and by geographic region.

Global Retort Packaging Market: Key Research Aspects

Market statistics have been estimated based on average consumption and weighted average pricing of retort packaging by product type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The retort packaging market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous retort packaging manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while estimating the market for various end users of retort packaging in different regions. Top-down approach has been used to estimate the retort packaging market by regions. Market numbers for global product type, material type, form type and application segments have been derived using the bottom-up approach, which is cumulative of each region’s demand. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, World Bank, Packaging Digest, Plastic Manufacturers Association, Society of the Plastics Industry, Plastics Europe, and Hoover’s, and company annual reports and publications.

Global Retort Packaging Market: Competitive Dynamics

The report provides detailed competitive outlook including company profiles of key participants operating in the global market. Key players in the global retort packaging market include, Amcor limited, Bemis Company, Inc., Sealed Air, Coveris Holdings S.A, Mondi Group, Sonoco Products Company, Berry Plastic Group, Inc., Ampac Holdings LLC., Winpak Limited Company, Clondalkin Group and Flair Flexible Packaging Corporation.

The global retort packaging market is segmented below

By Product Type

  • Pouches
    • Stand- up Pouches
    • Back-seal Quad
    • Spouted Pouches
    • Gusseted  Pouches
  • Trays
  • Cartons
  • Others (Cans, Bottles)

By Material

  • Cast Polypropylene
  • Nylon (Bi-Oriented Polyamide)
  • Polyester (PET)
  • Polyethylene (PE)
  • Aluminum Foil
  • Paper & Paperboard
  • Others (PVDC, PVC)

By Form

  • Flexible
  • Rigid
  • Semi-rigid

By Application

  • Food
    • Meals Ready-to-Eat (MRE)
    • Sea Food
    • Pet Food
    • Baby Food
    • Soups & Sauces
    • Others (Meat stew)
  • Beverages
  • Pharmaceuticals

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa