Growing demand for advanced material across several industries is a significant factor influencing growth of the market.
Retort Packaging Market Size – USD 4 Billion in 2020, Growth – at a CAGR of 5.5%, Trends –Increasing demand for advanced material across industries
The global retort packaging market is projected to be valued at USD 6.13 billion by end of 2028 from valuation of 4 billion in 2020, expanding at a CAGR of 5.5% over the forecast period. The growing demand for ready-to-eat or ready-to-cook meals across the globe is fueling growth of the retort packaging market. Additionally, the other factors impacting growth of the market include increasing demand for packaged food and beverages owing to growing single households, busy work life, and increasing spending power.
Retort packaging offers convenience and reduce overall weight of material, which is further encouraging adoption by the end use industries. This is a key factor driving growth of the retort packaging market and is likely to be same over the forecast period. Furthermore, the US Food and Drugs Administration (FDA) has approved the raw material and suggested that the packaging is safe for the sterilization process for enhancement of shelf life. This results in durability of packaging; rising awareness about such packaging is benefiting growth of the retort packaging market.
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Key Findings from the Report:
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For the purpose of this report, Reports and Data has segmented the global retort packaging market on the basis of packaging type, packaging, process, end user, and region:
By Type
By Material
By End-use
By Region Outlook (Revenue, USD Billion; 2018-2028)
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics
Chapter 4. Retort Packaging Market Segmentation & Impact Analysis
4.1. Retort Packaging Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers’ analysis
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Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers 9.2. Manufacturing Cost Breakdown Analysis 9.3. Mergers & Acquisitions 9.4. Market positioning 9.5. Strategy Benchmarking 9.6. Vendor Landscape Chapter 10. Company Profiles 10.1. Hewlett Packard Enterprise Company 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Ultimaco GmbH 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives
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