Retort Packaging Market Analysis, Outlook and Forecasts to 2020
Technavio Announces the Publication of its Research Report Global Retort Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global retort packaging market: Amcor, Berry Plastics, Coveris, Mondi, and Sonoco.
Other Prominent Vendors in the market are: Astrapak, Bemis, Clondalkin, Flair Flexible Packaging, Floeterindia, Fres co System USA, Graham Packaging, Logos packaging, Nittopack, Otsuka, Polynova Industries, Sealed Air, Swisspack, Tredegar, and Winpak.
Commenting on the report, an analyst from Technavios team said: A trend that is positively impacting market growth is the advancements made in high barrier flexible packaging material. Increased use and advancement of high barrier flexible packaging products are fueling market growth. High barrier flexible material contains resins that protect the products from being exposed to moisture and oxygen. This helps in providing longer shelf life to food products. Packaging made from these materials has higher performance than other packaging products as specialized coatings and laminated structures along with resins are used to develop this form of packaging. Some high barrier plastics used in the development of pouches include biaxially oriented polyethylene terephthalate (BOPET) and ethylene vinyl alcohol (EVOH).
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According to the report, a key growth driver is the long shelf life of retort packaging. Reducing food wastage has become a major concern for most countries. According to the Food and Agriculture Organization of the UN, it is estimated that nearly one third of food produced for human consumption is wasted globally, which is around 1.3 billion tons annually. Packed meat, dairy products, bakery and confectionery products, and daily meal products are wasted if they are not sold within a month of packaging. This wastage in products often leaves retailers with financial losses. To overcome this problem, food packaging vendors have come up with the retort packaging concept, which maintains the product quality and increases the shelf life of the products.
Further, the report states that one challenge that could restrict market growth is the use of high temperatures in retort filling. The major problem comes while sterilizing the package, as it has to withstand the high temperature. Usually flexible plastic or pouches get damaged or melt during sterilization; metal can meet all the requirement for retort packaging.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors in the report global packaging retort packaging market
About the Retort Packaging Market
Packaging of food products protects them from spoilage and also improves the overall aesthetic appeal of the products. Retort packaging is a heat-resistant pack used for food and beverages packaging. Healthcare packaging, which is laminated inside with multiple layers of flexible plastic and metal foils, can withstand high temperatures and pressures. The multiple layers consist of aluminum foil, nylon, and polyethylene terephthalate (PET), which are made up of materials like polypropylene, aluminum, and silica oxide that act as oxygen and water vapor barrier.
The retort packs are primarily used to store heat-treated food. They are also used as an alternative for cans in food packaging because they provide longer shelf life to packaged products. Retort packaging undergoes a detailed conversion process including printing, lamination, coating, and extrusion to develop different types of packaging products with features such as spouts and fitments, zippers, pour spouts, slider closures, and release valves.
Technavios analysts forecast the global retort packaging market to grow at a CAGR of 12.28% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global retort packaging market for 2016-2020.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Retort Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Amcor
Berry Plastics
Coveris
Mondi
Sonoco
Other prominent vendors
Astrapak
Bemis
Clondalkin
Flair Flexible Packaging
Floeterindia
Fres-co System USA
Graham Packaging
Logos packaging
Nittopack
Otsuka
Polynova Industries
Sealed Air
Swisspack
Tredegar
Winpak
Market driver
Longer shelf life of retort packaging
For a full, detailed list, view our report
Market challenge
High temperature in retort filling
For a full, detailed list, view our report
Market trend
Advancement of high-barrier flexible packaging material
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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