The report [215 pages] “Retort Packaging Market by type (Pouches, Tray, and Cartons), by Material (Polyester, Polypropylene, Aluminum foil, and others), by End Use (Food, Beverage, and Others) - Global Forecast to 2020” defines and segments the retort packaging market, along with the analyses and projections of the market size. It also identifies the driving and restraining factors for the retort packaging market with the analysis of trends and opportunities.
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The global retort packaging market is projected to reach $41.14 Billion by 2020, with a CAGR of 6.7% from 2015 to 2020. Increasing disposable incomes of people in developing countries, increasing urbanization, and changing preferences of people towards convenient packaging drive the growth of the retort packaging market. The major restraining factor for the growth of this market is the high capital investment involved in sealing technologies. Defects due to poor sealing technology is the biggest challenge faced by players in the market. Asia-Pacific is estimated to grow the fastest in the forecast period, due to the increasing demand of convenience food and the growing health and personal care industry.
The market report defines and segments the retort packaging market, along with the analyses and projections of the market size. It also identifies the driving and restraining factors for the retort packaging market with the analysis of trends and opportunities
Pouches have gained popularity due to its advantages over cans, such as reduced logistics and freight cost, consumer convenience due to reclosable feature, and extended shelf-life. Pouches are widely used in end-use applications such as tuna, pet food, soups, rice, and meat.
Some of the key retort packaging manufacturers are Amcor Limited (Australia), Berry Plastics Corporation (U.S.), Mondi Group (South Africa), Otsuka Holdings Company Limited (Japan), Sonoco (U.S.), Astrapak Limited (South Africa), Tredegar Corporation (U.S.), Coveris (U.S.), Bemis Company Inc. (U.S.), and Clondalkin Industries BV (Europe).
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For more details: https://www.prnewswire.com/news-releases/retort-packaging-market-worth-4114-billion-usd-by-2020-522409731.html
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