A new report, now available on ASDReports, concludes that the world market for Retort Packaging will reach $28.38 billion in 2017. This analysis and others appear in the Retort Packaging Market Report 2017-2027 Forecasts By Product Type (Pouches (Stand Up, Spout, Other), Trays, Cartons, Others), By Materials (Polymer (Polyester, Polypropylene), Aluminium Foil, Paper & Paperboard) By End Use (Food, Beverage, Healthcare) & By Region Plus Profiles of Top Companies published by the key player.
Retort packaging is a technology for packaging perishable food and beverages so as to maintain its freshness over a prolonged period of time. Food is spoiled principally by the action of micro-organisms. Thermal processing destroys these harmful micro-organisms by heat. Retort packages are predominantly pouches (More than 55%) other than cans, trays and cartons. Retort pouches are used in convenience food packaging, but also in field rations, space food and camping food. In Japan, retort pouch technology has been widely accepted and there are many varied products on the shelf, ranging from sukiyaki to soup.
Polymers or plastic is the most common material used to manufacture retort packages, followed by aluminum and paper & paperboards. Retort pouches being the most common type of retort packaging in the market, drives demand for polymers.
Asia-Pacific is the largest Retort Packing market, in terms of value, closely followed by Europe. The reason driving the fast pace growth of the Asia-Pacific is due to the high acceptance of packaged food in highly populated countries such as China, India, Indonesia and Malaysia.
The retort packaging market in North America and Europe is highly regulated and the average cost of retort packaging is considerably higher in North America and Europe compared to other regions. Asia Pacific has a cost advantage in the region owing to the presence of several raw material producers, particularly in China. However, retort technology is much advanced in the western region.
This 177 page report contains 153 tables, charts and graphs that add visual analysis in order to explain developing trends within the Retort Packaging market. The key player provides forecasts for the period 2017 to 2027 in terms of value (US$) for the Retort Packaging market. In addition, 16 submarkets are forecasted and analysed over the period 2017 to 2027, by product type, by material and by end use. The report also provides profiles of 10 leading companies operating within the market such as Amcor Ltd., Mondi PLC, Sonoco Products, etc.