Retort Packaging Market Growth Accelerated by Convenience in Food Packaging

 

Retort packaging provides convenient food packaging solutions for ready-to-eat meals. It uses a combination of high temperature and high pressure cooking to sterilize the packaged food without requiring refrigeration. This increases the shelf life of products while retaining their taste, texture and nutritional value. The global Retort Packaging Market is estimated to be valued at US$ 35.43 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Consumer preference for convenient food options is driving the demand for retort pouches and other retort packaging products. Ready-to-eat meals packaged using retort technology do not require refrigeration and have longer shelf life as compared to traditional packaging methods. This makes retort packaged foods ideal for on-the-go consumption. The growth in working population and busy lifestyles has increased the demand for convenient packaging, thus accelerating the adoption of retort packaging solutions among food brands.

Segment Analysis
The global retort packaging market is dominated by the pouches segment. Pouches are a highly preferred format for retort packaging as they provide maximum shelf-life and food protection with their light weight and flexible nature. The easy storage and transportation of pouches has resulted in their widespread adoption over rigid containers for retort packaging. Within pouches, stand-up pouches dominate the market owing to their excellent barrier properties and ability to maintain sterility after high temperature sterilization during retort processing.

Key Takeaways
The Global Retort Packaging Market Size is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis indicates that Asia Pacific region currently dominates the retort packaging market and is expected to witness the fastest growth through 2030. Factors such as rising food processing industry, large consumer packaged food industry and increasing disposable incomes are driving the demand for retort packaging in Asia Pacific countries like China, India.

Key players operating in the retort packaging market are BEYO Chemical Co., Ltd., Cathay Biotech Inc., Chemceed, Evonik Industries AG, Haihang Industry, Selleck Chemicals, Serena Chemicals, TCI Chemicals (India) Pvt. Ltd., Thermo Fisher Scientific Inc., and UBE Industries, Ltd. These players are focusing on new product development and strategic mergers and acquisitions to gain higher market share.

For More Insights, Read: https://www.newswirestats.com/retort-packaging-market-size-share-and-growth-forecast-2023-2030/

Related Reports: https://www.urdughr.com/2023/12/recycled-construction-aggregates-a-sustainable-solution-for-growing-construction-needs.html

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