Retort Packaging Market Insights, Size, Growth, Report 2021 to 2030

According to latest market report on the retort packaging market for the historical period of 2017-2020 and forecast period of 2021-2030, dimensional consistency and stability in the product design of retort packaging are estimated to drive the growth of the retort packaging market.

The global retort packaging market will grow at 6% CAGR during the forecast period from 2021-2030.

Plastic Packaging Increases Cost-efficiency and Convenience of Pouches

Market players in the retort packaging landscape are capitalizing on the efficiency and convenience of retort processing over canned packaging. From a consumer point of view, cans are heavy and bulky to handle, and have limited mobility, especially for children and elderly individuals. From a manufacturer point of view, cans require high-budget investments to get the resources in place for production, and add increased costs for shipping across countries.

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Plastic retort packaging accounts for a market share as high as ~76%, and offers as a cost-efficient packaging solution. Market players are innovating to develop thin-film profiles and better thermal conductivity in plastic packaging. Also, the shorter heating time in plastic packaging saves energy resources for manufacturers, and helps retain the authentic flavor and aroma of pouched food, as compared to canned food. Positive consumer attitude towards pouched food being ‘more fresh’ and ‘tastes better’ than canned food is catalyzing the increased demand for plastic retort packaging for brands associated with soups, sauces, desserts, and the like. However, plastic packaging does not comply with the strict regulations in many countries. Hence, market players are innovating on sustainable packaging solutions with the development of recyclable pouches, paper and paperboard packaging solutions.

Remedial Measures Overcome Limitations in Food and Dairy Product Packaging

The retort packaging landscape is highly fragmented, and is creating opportunities for emerging manufacturers to enter the market. Due to the high competition in this market, it is crucial for manufacturers to understand the needs of consumers as well as those of stakeholders in the food and dairy products landscape.

Though retort pouches are well known for their durability, many a times, they burst open when exposed to high-heat temperatures during the sterilization process. Manufacturers are overcoming this obstacle with the help of autoclaving sealed flasks in air ballast systems.

The packaging of dairy products also demands the need for specialized processes. Even a slight change in the heat exchange integrity of retort processes can change the quality of dairy products. Thus, manufacturers need to implement frequent inspection programs and provide remedial measures during retort processes of dairy products.

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.

Increased Emphasis on Convenient and Eco-friendly Packaging Formats

  • The need for safe & hygienic, aesthetically appealing, comparatively lightweight, and extended shelf life packaging is emphasized in retort packaging. As a result, manufacturers are focusing on developing solutions that can help foods in retain their natural odor and color after long storage durations.
  • The negative impact of plastics on the environment has led companies and governments to restrict the usage of plastics and market eco-friendly packaging products, which will result in reduced waste production and fossil fuel consumption.

Retort Packaging Market Volume to Expand 1.6X during Forecast Period

  • The global retort packaging market is expected to register steady growth over the period of forecast, due to innovation in material for retort packaging formats such as pouches, trays, etc.

Retort Packaging Market – Key Research Findings

  • The global retort packaging market is primarily dominated by manufacturers based in Europe and APAC, in terms of market share. MEA and APAC are anticipated to experience a very healthy CAGR of 6% during the period of 2019-2027. ASEAN, India, and China are dominating the APAC region.
  • Manufacturing companies of retort packaging formats are focusing on innovations to improve the material used in the packaging of food products, so as to prevent undesirable changes of flavor. The introduction of safe, fully-recyclable, and high-barrier flexible packaging for consumer convenience is in progress.
  • There are innovations in retort packaging solutions that reduce carbon footprint and overcome handling challenges. For instance, a company launched a unique recyclable packaging that can reduce carbon footprint up to ~64%.

High Demand for Ready-to-Eat Meals Due to Increased Workforce

  • The prevalence of convenience food among consumers in developing countries is driving the growth of the retort packaging market. Retort packaging is widely preferred because of its ability to increase the shelf life of products (18 months) as compared to conventional packaging methods. Changing eating habits and increasing number of workforce living alone are factors that lead to the increased consumption of ready-to-eat meals that require minimal effort and less preparation This factor has positively affected the demand for retort packaging formats such as pouches, trays, cans, and the like.

Improvisation in Technology for Sustainable and Cost-effective Packaging

  • JBT Corporation, one of the leading solution providers for the food and beverage processing industry, launched two innovative solutions to overcome challenges related to the retort sterilization process, specifically energy consumption, improving the handling process of sensitive packaging, and reducing water usage.
  • Bemis’ (subsidiary of Amcor plc.) ready meal packages was the first self-venting retort pouches for portable meals, which when opened, function as a bowl.

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Competition Landscape

  • Elaborated company profiles of the top players in the retort packaging market are incorporated in the report to reveal their product offerings, financials, recent developments, and strategies. Some of the key players operating in the global retort packaging market are –
    • Amcor plc
    • Mondi Group
    • Huhtamäki Oyj
    • Sealed Air Corp.
    • Winpak Ltd.
    • Sonoco Products Company
    • Coveris Holdings S.A.
    • Proampac LLC
    • Tredegar Corporation
    • Avonflex
    • ALLIEDFLEX Technologies, Inc.
    • DNP America, LLC.
    • Clifton Packaging Group Ltd
    • Printpack, Inc.
    • Paharpur 3P
    • Constantia Flexibles Group GmbH
    • Flair Flexible Packaging Corporation
    • HPM Global Inc.
    • LD PACK Co., Ltd.

Key Developments

Manufacturers in the global retort packaging market are mainly concentrating on product launches and acquisitions to expand their production facilities for retort packaging. At present, key participants in the retort packaging market are focusing on the production of safe, convenient, and innovative packaging. Concerns regarding the development of environment-friendly products to safeguard nature by cutting the amount and types of material used are the criteria of manufacturing companies.

  • On 18 April 2019, Proampac LLC launched child-resistant reclosable, easy-open (CRREO) pouches with an expanded range of sizes.
  • On 11 February 2019, Sealed Air Corp. expanded its food packaging operations in Asia through the acquisition of MGM’S flexible packaging business.
  • On 13 November 2018, Flair Flexible Packaging Corporation introduced a line of recyclable multi-layer laminated film pouches called ENVi™.
  • On 13 June 2017, Sonoco Products Company expanded its clear barrier flexible packaging line for including liquid pouch structures, which are suitable for hot fill and retort applications.

Segmentation

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

Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

In this study, the years considered to estimate the market size of Retort Packaging are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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