Retort Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
Albany, NY -- (SBWIRE) -- 02/15/2016 -- A new market research report from Transparency Market Research provides a clear picture of the global retort packaging market emphasizing on the market overview, product segmentation, market drivers and restraints, challenges and opportunities, geographical segmentation, and the vendor analysis of the market. The research report is titled "Retort Packaging Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023".
Retort packets are manufactured with the help of flexible plastic combined with metal foils. This packaging style assists users in keeping the packaged food sterile for a longer time period. As a result, the global retort packaging market is witnessing high demand owing to the growing demand for convenience food across the globe. The increasing demand for ready-to-eat food is the major factor that is expected to propel the global retort packaging market in the forecast period. The changing lifestyle of families, where both partners now commonly work and thus do not get the time to cook food at home, has led to large-scale demand for buying ready-to-cook food and stockpiling it. Here, retort packaging helps in keeping the food sterile and fresh.
In addition, retort packaging weighs low if compared to metal can packages and thus is gaining popularity. Retort packaging is flexible and consumes less space than conventional packaging and thus can be kept with ease without worrying about the food being spoiled while travelling. Furthermore, the retort packaging market is gaining traction in the baby foods packaging industry, as it does not contain any type of chemicals that are considered harmful for babies. The low cost of the raw materials is also a factor that is expected to fuel the growth of this market through the forecast period. Moreover, retort packaging is also used in packaging animal food, as it is required to be stored for a longer time.
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On the flip side, the high development cost and the growing prevalence of recycling are the major factors hampering the growth of the global retort packaging market in the next few years. In addition, the growing environmental concerns are resulting in the need for recycling of products including food packaging products, thus curbing the growth of the market.
Furthermore, the research report has segmented the global market for retort packaging on the basis of geography into Latin America, North America, Asia Pacific, the Middle East and Africa, and Europe. The tremendously growing disposable income in developing countries such as China and India is projected to fuel the growth of the global retort packaging market. In the last section, the research report covers the vendor analysis of the global retort packaging market. Some of the prominent players operating in the global retort packaging market are Coveris, Mondi Group, Astrapak limited, Bemis Company, Inc., Otsuka Holdings Co., Ltd, Sonoco Products Company, Berry Plastics Corporation, and Amcor Limited.
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