Retort Packaging Global Market Report 2021: COVID-19 Growth And Change
The retort packaging market consists of the sales of retort packaging pouches, trays, and cartons, and related services by entities (organizations, sole traders, and partnerships) that manufacture retort packaging. The retort packaging is a type of packaging made from flexible plastic and metal foils and used to pack cooked or semi-cooked food, sealed and subsequently sterilized to create food packages that have an extended shelf life with no preservatives and refrigeration.
The main types of retort packaging are pouches, trays, cartons, others. Retort pouch is also known as reportable pouch that is a made using flexible plastic and metal foil and retort tray is a flat flexible structure made of plastic material. This retort packaging is used in packaging food, beverages, and others.
The global retort packaging market is expected to grow from $3.54 billion in 2020 to $3.69 billion in 2021 at a compound annual growth rate (CAGR) of 4.28%. The growth is mainly due to the growing demand for food packaging. The market is expected to reach $4.49 billion in 2025 at a CAGR of 5.04%.
Top Leading Companies mentioned are
Amcor, Coveris, Sonoco, Mondi group, Berry Global (RPC Astrapak), Clondlakin, Tredegar, Flair Flexible Packaging Corporation, Proampac, Huhtamki Oyj, Clifton Packaging, Winpak, Ostuka Holdings, HPM Global, Avonflex, ALLIEDFLEX, Constantia Flexibles, Tetra Pak, Techni-Pak, Lithotype, Fujimori Kogyo, Pyramid Packaging, DNP America, Printpack, and Paharpur 3P.
Asia Pacific is expected to grow faster in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Retort packaging manufacturers are increasingly developing recyclable retort pouches to increase sustainable packaging across the globe. For instance, in January 2021, ProAmpac announced it has developed recycle ready retort pouch for pet and human food, this product is added to ProAmpac ProActive Sustainability product portfolio, a set of packaging solutions that are helping ProAmpac customer to meet their greener packaging goals. Moreover, in September 2020, Amcor, a Switzerland-based packaging company, and Nestle, a Switzerland-based food and beverage company collaborated to develop a recyclable retort pouch for pet food.
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Industry News:
In June 2019, Amcor, a Switzerland-based packaging company acquired Bemis Company, Inc. for a deal amount of $ 6.8 billion. The acquisition is expected to bring additional scale, footprint, research & development capabilities that strengthen Amcor industry value proportion, generate value to the shareholders, and deliver sustainable innovations for the environment. Bemis Company, Inc. is a USA-based packaging company that is engaged in manufacturing pressure-sensitive materials and flexible packaging products.
This report provides a detailed analysis of the Retort Packaging market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
Essential points covered in Global Retort Packaging Market 2021 Research are: –
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global Retort Packaging market?
- What are the key markets trends impacting the growth of the global Retort Packaging market?
- What are the challenges to market growth?
- Who are the key vendors in the global Retort Packaging market?
- What are the market opportunities and threats faced by the vendors in the global Retort Packaging market?
- What are the key outcomes of the five forces analysis of the global Retort Packaging market?
This independent 175 pages report guarantees you will remain better informed than your competition. With over figures examining the Retort Packaging market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2021.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Retort Packaging in these regions, from 2014 to 2021(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global Retort Packaging market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Retort Packaging market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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The research includes historic data from 2014 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Retort Packaging on the basis of stating current situation of the industry in 2021 so as to make comprehensive organization and judgment on the competition situation and development trend of Retort Packaging Market and assist manufacturers and Retort Packaging organization to better grasp the development course of Retort Packaging Market.
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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