Retort Packaging Market Research Report and Forecast up to 2024 Retort Packaging Market

Retort Packaging Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
Global Retort Packaging Market: Snapshot
The global market for retort packaging has gained significant traction in the past
few years owing to the wide usage in the packaged food industry. Retort packaging
has also gained wide adoption and preference among manufacturers as well as
consumers due to its properties such as compactness, low weight, and lower
environmental impact. As compared to traditional packaging, retort packaging
products are less bulky and have less packaging weight, making them lighter for
shipping, which in turn offers real cost savings and reduces waste for both end-
consumers. Such versatility of retort packaging is expected to drive its adoption in
the near future.
Transparency Market Research estimates that the revenue generated from sales of
retort packaging across the globe will value over US$13 bn by the end of 2016. Over
the period between 2016 and 2024, the global retort packaging market is projected
to exhibit a CAGR of 7.5%.
View Report @ http://www.transparencymarketresearch.com/retort-
packaging-market.html
Retort Pouches to Constitute Lion’s Share in Market Revenue
Of the key retort packaging product varieties examined in the report, namely
pouches, trays, cartons, cans, and bottles, the segment of retort pouches is
anticipated to command a share of 45.8% in the global market in 2016. The
segment of retort pouches is also expected to retain its dominance throughout the
forecast period; demand will be chiefly driven owing to the flexible nature of these
packages and the use of heat resistant plastics suitable for processing at
temperature of around 127 °C for their manufacturing. The segment of retort
pouches is expected to witness 1.8 times rise in its revenue share in the global
market from 2016 to 2024.
The consumption of retort pouches has not only witnessed increased adoption at
the consumer end but also as the manufacturer end of late. The rising popularity of
this trend can be attributed to the increasing availability of the transparent AlOx-
coated polyethylene terephthalate (PET) film, an environmentally friendly packaging
material, which can be used in microwaves as well. Moreover, the stand-up variety
of retort pouches use less than 5% of the packaging material as compared to