Global Retort Packaging Market – Industry Perspective, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 12/07/2016 -- Global Retort Packaging (Cartons, Pouches and Trays) Market for Beverage, Food, Healthcare and Other End-Uses: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021
The report covers forecast and analysis for the retort packaging market on a global and regional level. According to the report, global demand for retort packaging market was valued at USD 28.0 billion in 2015, and is expected to reach USD 43.50 billion in 2021, growing at a CAGR of 6.5% between 2016 and 2021. In terms of volume, the global retort packaging market stood at 250.59 million units in 2015.The study includes drivers and restraints for the retort packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the retort packaging market on a global level.
Global Retort Packaging Market 2015 – 2021
Increasing demand for packed food along with increase in demand for baby food across the globe is expected to provide an impetus to the retort packaging markets within the forecast period. In addition, changing lifestyle and increasing urbanization is expected to fuel the demand for retort packaging market over the next few years. However, development techniques is costly coupled with rising concept of raw material recycling may hamper the growth of retort packaging market. Moreover, advancing technology is expected to open growth opportunities for the market in the near future.
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The report a comprehensive view on the ambulance service, we have included a detailed competitive scenario and type portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the retort packaging market has also been included. The study encompasses a market attractiveness analysis, wherein type segments and end-use segments are benchmarked based on their market size, growth rate and general attractiveness.
Retort packaging market is expected to have robust growth within the forecast period owing to flexible and easy packaging, easy to open and easy to cook. In terms of volume, pouch was the largest product segment accounting more than 40% of the global retort packaging market. Pouch segment was followed by trays and cartons respectively in 2015.
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Food and beverage together was the dominant end-user segment of the retort packaging market in 2015 owing to rising demand for packed food compared to canned food. It accounted over 42% share of the overall retort packaging market in 2015. It is also projected to remain prolong end-use segment due to growing demand from emerging countries within the forecast period. In addition, medical and healthcare are also estimated to have positive impact for use of sterile packaging.
The study provides a decisive view on the retort packaging market by segmenting the market based on end-uses. All the end-use segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Key type segments covered under this study includes cartons, pouches and trays. Key end-use market covered under this study includes beverage, food, healthcare and other end-uses. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Rest of the World with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for retort packaging based on individual end-uses in all the regions and countries.
The key players in the retort packaging market Mondi Group, Otsuka Holdings Company Limited, Sonoco, Amcor Limited, Bemis Company Inc., Berry Plastics, Clondalkin Industries BV and Astrapak Limited.
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Retort Packaging Market: Type Segment Analysis
Retort Packaging Market: End-Use Segment Analysis
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