Retort Packaging Global Market Expected to Reach $49.5 Billion with 7.3% CAGR Forecast to 2022
According to Stratistics MRC, the Global Retort Packaging market is estimated at $30.2 billion in 2015 and is expected to reach $49.5 billion by 2022 growing at a CAGR of 7.3% during the forecast period 2015 to 2022. Increase in disposable income, improvement in pet food products and varying preferences of people towards packaging are some of the major factors which are fueling the market growth. High capital investment in technologies is the major restraining factor of the market.
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