In the age where people have lost time to eat due to busy
schedules, the demand for processed food has sky-rocketed. This is simply
because processed food are easily available, they last longer, and do not
require time to cook. Some of them are instantly available for eating as well.
Hence, the demand for processed food is growing by the day. While companies
manufacturing processed food are happy about this trend, those who produce
packaging material for processed food are also riding high. Transparency Market
Research has recently published a report on the global retort packaging market.
Further, the report states that the global retort
packaging market will
grow at 5% CAGR during the forecast period from 2019-2027.
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Retort Pouches to Lead the Way
According to the report, retort pouches alone account for
53% sales in the global retort packaging market. This is a prominent trend for
players as they will have to devise strategies to capitalize on the products in
this segment. Retort pouches find more usage as they have several advantages.
They are easy to manufacture and come for a lesser cost when compared to other
products in the global retort packaging market. Further, consumers are able to
print easily on them and hence the possibility of promotions and branding is
easier with retort pouches. At the end of the day, the cost of marketing and
branding is also lesser with retort pouches. Hence, the demand for products in
this segment of the global retort packaging market is expected to remain high
in the coming years.
Besides this, the possibility of innovation is also higher
with retort pouches as they are flexible and malleable. Hence, manufacturers in
the global retort packaging market find it easy to produce new products and lure
consumers. At the same time, consumers are also keen only having their own idea
incorporated in the packaging of their products. Hence, the possibility of
customizing demands from consumers is easy with retort pouches. This trend will
also influence growth on the global retort packaging market in the coming
years.
Plastic is Still the Go-to Material
While there are enough measures taken to stop use of plastic
due to the harmful environmental impacts the material has, it remains the go-to
material in the global retort packaging market. This is because it comes at a
lower price and offer flexibility in creating different products. As a result,
it has a direct impact on the consumer too. This trend is expected to support
growth in the global retort packaging market.
At the same time, there is realization among manufacturers
in the global retort packaging market about the adverse effects of plastic and
hence they are working on producing products that can be recycled. This way, it
will not impact the consumer sentiment and at the same time, they will be able
to take care of regulations imposed by authorities on plastic.
The global retort packaging market is segmented based on
Product
- Pouches
- Stand-up
Pouches
- Back
seal quad pouches
- Spouted
pouches
- Gusseted
pouches
- Trays
- Cartons
- Cans
Material
- Plastic
- Polyamide
- Polyester
- Ethyl
Vinyl Alcohol
- Polyethylene
- Metal
- Paper
& Paperboard
End-use
- Food
- Meal
Ready to Eat
- Meat
- Poultry
& Seafood
- Pet
food
- Baby
food
- Soups
& Sauces
- Beverages
- Alcoholic
- Non
alcoholic
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Region
- North
America
- Europe
- Asia
Pacific
- Rest
of the World (RoW)
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