Retort packaging, including sachets and trays, is powering the packaging of ready-to-eat and convenience foods.Retort packaging is increasingly used for meat, seafood, soups, sauces and desserts.Growing consumption of convenience foods stimulates product sales in the retort packaging market.Global valuation is expected to grow at a CAGR of 5.2% during the forecast period 2021-2031.
Laminated retort pouches are widely used as advanced pouch packaging by global food and beverage companies due to their light weight, durability and high barrier properties.The key bags used in end-use applications are stand-up bags, back-sealed quad bags, spouted bags and gusseted bags.
The use of heat-resistant plastic materials such as thermoplastics expands avenues to find TMR research in the retort packaging market.They are the first choice for ready-to-eat food packaging.By 2021, plastics will account for a considerable share of all materials used in retort packaging, close to 76%.Retort packaging has also attracted great attention from companies in the pet food packaging industry.
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Asia Pacific accounted for a major share of the global retort packaging market in 2020.The high demand for ready-to-eat food retort packaging has stimulated the revenue outlook of the regional market.
Preference for retort pouches for convenience foods stimulates revenue potential: In food packaging, retort pouches are clearly superior to aluminum trays and cans.Packaging for ready-to-eat convenience foods, in particular, has generated significant revenue potential, analysts assert in in-depth TMR research.Retort pouches are widely used in pet food because they are well designed, sturdy and lightweight.
Multilayer Retort Packaging Films for Foodservice Packaging Driving Market Growth: Players in the retort packaging market are reaping revenue growth from advancements in flexible packaging.Packaging companies have found a way to sell in multi-layer retort packaging.Multilayer plastic films are becoming more and more popular in retort pouches.Extensive R&D in these areas has paved the way for new avenues.A case in point is that companies are exploring the potential of polypropylene multilayer sealing films for retort packaging.
Eco-friendly packaging solutions that break new ground: Globally, the use of eco-friendly raw materials has gained enormous momentum.This has also stimulated demand for recyclable materials for retort packaging.This has set the tone for product innovation in recent years.Major packaging companies are seeking lucrative revenue growth by vigorously developing returnable retort pouches.
Get PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6266 Retort Packaging Market: Key Drivers
The past few years have witnessed an increase in the consumption of packaged food globally.This has driven the demand for flexible packaging, thereby creating a wealth of opportunities for retort packaging manufacturers.In particular, businesses in end-use industries are becoming more aware of sustainable packaging solutions.
The popularity of online food delivery is a key trend stimulating demand for flexible packaging for convenience foods.
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Leading players in the retort packaging market are relying on expanding their product portfolios.The huge value chain of the market can be attributed to the presence of established large and small and medium-sized companies, making the market increasingly competitive.
Some of the key players in the market are DNP America, LLC, Avonflex Pvt.Ltd., Proampac LLC, Sonoco Products Company, Winpak Ltd., Sealed Air Corp., Huhtamäki Oyj, Mondi Group and Amcor plc.
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Post time: Jun-11-2022