September 25, 2023 12:53 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES Vacuum Pack Machine Industrial
Wilmington, Delaware, United States, Sept. 25, 2023 (GLOBE NEWSWIRE) -- The retort packaging market was estimated to have acquired US$ 16.2 billion in 2020. It is anticipated to register a 5.2% CAGR from 2021 to 2031 and by 2031, the market is likely to gain US$ 28.4 billion.
The key element driving the market for retort packaging is the rising demand for convenience foods. Consumers are increasingly seeking convenient and ready-to-eat food options due to busy lifestyles. Retort packaging offers a convenient and shelf-stable solution, making it ideal for a wide range of food products, including meals, soups, and snacks.
The demand for retort packaging is also being driven by extended shelf life. Retort packaging helps extend the shelf life of products, reducing food waste and allowing manufacturers to distribute their products to a wider geographic area, including remote regions.
The ongoing global trend of urbanization is driving the demand for packaged and processed foods. Retort packaging caters to the needs of urban consumers who require convenient and portable food options.
Retort packaging preserves the freshness, taste, and nutritional value of food products, which aligns with consumer preferences for high-quality, minimally processed foods.
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Key Findings of Market Report
Market Trends for Retort Packaging
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Global Market for Retort Packaging: Regional Outlook Various reasons are propelling the growth of the retort packaging market in different regions. These are:
Global Retort Packaging Market: Key Players Several firms hold the majority of the market share in the retort packaging industry. The market's major companies are concentrating on diversifying their product lines. The big players' primary strategy includes mergers and acquisitions. In order to acquire a competitive edge in the industry, market competitors are concentrating on offering high-quality services.
The following companies are well-known participants in the global retort packaging market:
Key developments in the global retort packaging market are:
Partial Table of Content (ToC):
3.3. Global Flexible Packaging Industry Outlook
3.4. Global Rigid Packaging Market Outlook
3.5. Global Food & Beverage Industry Overview
3.7. Retort Packaging vs Aseptic Packaging: Comparative Analysis
3.9. Forecast Factors – Relevance & Impact
3.10. Retort Packaging Market Value Chain Analysis
3.10.1. Exhaustive List of Active Participants
4.1. Current Statistics and Probable Future Impact
4.2. Impact of COVID-19 on Packaging Industry
5.2. Market Size (US$ Mn) and Forecast
5.2.1. Market Size and Y-o-Y Growth
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Global Retort Packaging Market Segmentation
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