Pune, India -- (SBWire) -- 02/09/2018 --Market Research Future published a research report on "Global Retort Packaging Market Research Report- Forecast 2022" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Amcor Ltd.( Australia), Berry Plastics (U.S.), Ampac Holdings, LLC (U.S.), Clondalkin Group (Netherlands), Sealed Air Corporation(U.S.), Astrapak Limited (South Korea), Bemis Company Inc. (U.S), Coveris Holdings S.A. (U.S.), Mondi PLC (Austria), Sonoco Products (U.S.) are some of the prominent players at the forefront of competition in the global Retort packaging market and are profiled in MRFR Analysis.
Global Retort Packaging Market - Overview
The market for retort packaging is spiked by the changing lifestyle of people across the globe along with increased spending. With the change in lifestyle, the adoption rate for retort packaging has gone up. The market is highly driven by the application industries such as food & beverages, pharmaceutical, and others.
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To improve hygiene in food processing, different measures are being taken by the governments of various countries to ensure food safety. Thus, the packaging of processed food products has become an important step to ensure safety and hygiene of food products. The government has come up with several schemes to provide financial assistance for setting up and modernizing food processing units.
The continuous growth in the pharmaceutical industry is fuelling the overall growth of the market. The rapid growth of the pharmaceutical market is mainly driven by the rising income and economic gains. The rise in the income, especially for the lower income level, along with the government commitments for providing basic health facilities, will make medicines available and affordable for the population. This will lead to the growth of packaging across the industry.
Global Retort Packaging Market - Competitive Analysis
Retort packaging industry has seen significant growth in last few years due to its application across industries, and supportive government policies on food safety. The market is expected to show similar growth in coming time due to various technological advancement along with increased awareness about packaging and its harmful effects.
In Jan 2018, ProAmpac, one of the leading flexible packaging manufacturers, announced the acquisition of Oregon-based Bonita Pioneer Packaging Products (Bonita). Specializing in paper packaging products including custom and stock shopping bags, merchandise bags, foodservice packaging, and folding cartons, Bonita product complements ProAmpac's existing flexible packaging offerings. Financial terms of the deal were not disclosed. The acquisition of Bonita expands ProAmpac's paper packaging manufacturing footprint in the Western and Southeastern U.S., creating more value and optimizing services for ProAmpac.
In November 2017, Petcurean partnered with Tetra Pak to introduce cartons as an innovative and sustainable packaging option. The brand has expanded its NOW FRESH product line with stew and pâté recipes for dogs and cats, made with 100% fresh wild salmon, turkey or pork in nutrient-rich turkey bone broth.
Sealed Air Corporation announced the acquisition of Deltaplam Embalagens Indústria e Comércio Ltda (Deltaplam), a family owned and operated Brazilian flexible packaging manufacturer. Helping food customers primarily in Brazil, the company utilizes top extrusion technology to create recyclable, high barrier shrinkable bags, multilayer films, laminates and pouches. Combined with Sealed Air's leading global expertise and packaging solutions, this acquisition strengthens the position of Deltaplam in Latin America and enhances their portfolio of innovative, value-added solutions for its customers
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Global Retort Packaging Market - Segments
Global Retort Packaging Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Packaging Type : Comprises – Pouches, Cartons, Trays and, Others
Segmentation By Material used : Comprises – Polypropylene, Polyester, Aluminum foil, Food Grade cast polypropylene, Biomaterials, Paper board, Nylon and Others
Segmentation By End-use : Comprises – Food, Beverage, Pharmaceutical and Others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World
Global Retort Packaging Market - Regional Analysis
APAC accounts for the largest market share in the retort packaging market. It is expected to experience the fastest growth during the forecasted period due to the economic growth of China and India. The region offers flourishing market for such technological advanced packaging solutions. The FDI in retail has further widened the scope of such packaging and attracts the foreign players to enter the market with new packaging solutions. This is backed by the increasing demand of packaged food and beverages in countries like China and India due to increasing disposable income.
Furthermore the growing awareness towards food safety and harmful effects of the packaging material used for food & beverages has induced the growth in retort type of packaging in Asia Pacific region. The governments have also seen promoting the food safety regulations.
North America has witnessed increased investment in the R&D and product innovation as far as packaging is concerned. Furthermore, the stringent food safety policies in the countries of the U.S. and Canada drives the demand of retort packaging in the food & beverage sector.
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Retort Packaging Market Attracts Investor Interest with Unparalleled Growth Rates: Global Forecast to 2022
Global Retort packaging Market Information Report by Packaging Type (Pouches, Cartons, Trays and Others), By Material Used (Polypropylene, Polyester, Aluminum foil, Food Grade cast polypropylene, Biomaterials, Paper board, Nylon and Others), By End use (Food, Beverage, Pharmaceutical and Others) and By Region - Global Forecast To 2022