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Retort Packaging Market: Development Trends, Key Manufacturers and Competitive Analysis
Posted: Sep 26, 2019
Global Retort Packaging Market: Analyst’s Assessment
Nearly half of the world’s population now lives in urban parts and their restless lifestyle is leading to radically changed eating habits, wherein packaged food products are preferred for their convenience. From the production facility to the table of consumers, food products need to be packaged in a way that their nutritious values are preserved and retort packaging provides for an adequate mode of increasing shelf-life of the products. With retort packaging, food products are cocooned in special carrier film which can withstand thermal processing temperature of around 130 degree Celsius, and in turn neutralizes all unwanted micro-organisms.
According to this business and commerce report, in terms of value, the demand in the global retort packaging market will propagate at notable CAGR of 7.45% during the forecast period of 2017 to 2024. Revenue-wise, it has been estimated that the opportunities in the global retort packaging market will translate into US$24,706.0 mn by the end of 2024, substantially up from its evaluated worth of US$14,945.0 mn in 2017. In terms of volume, the study has projected the demand to expand at a CAGR of 6.7% and produce a demand for 72,492 mn units by 2024.
Retort Packaging are Ideal for Ready-to-eat Meals
Striking benefits of retort packaging over conventional packaging, such as light weight, convenience, aesthetic appeal, and hygiene are the primary factors that are driving the adoption. In addition to that, increasing demand for ready-to-eat meals, innovations in packaging of baby and toddler food, and mushrooming of supermarkets and hypermarkets across urban areas are some of the other factors augmenting the demand in the global retort packaging market. On the other hand, stringent environmental regulations pertaining to the application of HDPE and PVC is one restraint that is curtailing the prosperity of the retort packaging market.
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Some of the key players in a moderately fragmented scenario of the global retort packaging market are Mondi Group, Amcor Limited, Sonoco Products, Bemis Company, Inc., and Sealed Air Corporation. The report profiles a number of prominent players of this market in its extended and featured chapter on the competitive landscape of this market.
Global Retort Packaging Market Research Report Covers…
Global Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
Global Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Material, 2015–2024
Global Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Form type, 2015–2024
Global Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Region, 2015–2024
North America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
North America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
North America Retort Packaging Market Size (US$ Mn) by Material, 2015–2024
North America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Form, 2015–2024
North America Plastic Bags & Sacks Market Size (US$ Mn) and Volume (Mn Units) by Application, 2015–2024
Latin America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
Latin America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
Latin America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Material, 2015–2024
Latin America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Form type, 2015–2024
Latin America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Application, 2015–2024
Europe Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
North America Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
Europe Retort Packaging Market Size (US$ Mn) by Material, 2015–2024
Europe Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Form, 2015–2024
Europe Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Application, 2015–2024
APAC Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
APAC Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
APAC Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Material, 2015–2024
APAC Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Form, 2015–2024
APAC Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Application, 2015–2024
MEA Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
MEA Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Product Type, 2015–2024
MEA Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Material, 2015–2024
MEA Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) By Form, 2015–2024
MEA Retort Packaging Market Size (US$ Mn) and Volume (Mn Units) by Application, 2015–2024
Also, Access the Press-Release published on this Market by Transparency Market Research @ https://www.transparencymarketresearch.com/pressrelease/retort-packaging-market.htm
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