The Latest Retort Packaging Industry Statistics Explained
The global retort packaging market was valued at USD 36.21 billion in 2020.
The statistic indicates that the total market size of retort packaging globally reached USD 36.21 billion in the year 2020. This figure represents the total value of sales or revenue generated by the retort packaging industry, which is a type of packaging used for preserving food and beverages. The market value reflects the demand and growth of retort packaging solutions, which are favored for their ability to extend the shelf life of products and maintain their quality. The upward trend in market value may suggest increasing adoption of retort packaging technology by manufacturers and consumer preference for products packaged using this method.
The Retort Packaging Industry is projected to reach USD 53.06 billion by 2026, with a CAGR of 7.71% during 2021-2026.
This statistic indicates that the Retort Packaging Industry is expected to grow substantially over the next few years, reaching a market value of USD 53.06 billion by 2026. The Compound Annual Growth Rate (CAGR) of 7.71% projected for the period from 2021 to 2026 suggests a steady and robust increase in market size over time. This growth rate signifies the potential for significant expansion within the industry, driven by factors such as increasing demand for convenience food products, technological advancements in packaging materials, and a growing emphasis on food safety and shelf-life extension. Overall, the forecasted figures reflect a positive outlook for the retort packaging sector, indicating opportunities for companies operating within this market to capture value and expand their businesses.
Stand-up pouches are expected to dominate the retort packaging industry.
The statement “Stand-up pouches are expected to dominate the retort packaging industry” indicates that stand-up pouches, a type of flexible packaging, are projected to become the most widely used packaging format within the retort packaging sector. This could be due to various factors such as consumer preferences for convenient and portable packaging, improvements in stand-up pouch technology that enhance shelf stability and functionality, and increasing awareness of the environmental benefits of flexible packaging options. The dominance of stand-up pouches suggests a significant shift in the market landscape, with manufacturers and brands likely to invest more in this format to meet the evolving demands of consumers and compete effectively in the retort packaging industry.
The Asia-Pacific region dominated the market and accounted for over 35% of the global revenue in 2020.
The statistic indicates that the Asia-Pacific region had a significant impact on the market in 2020, contributing over 35% of the total global revenue. This suggests that countries within the Asia-Pacific region experienced substantial economic activity and growth in comparison to other regions worldwide. The dominance of the Asia-Pacific market implies that businesses operating in that region, as well as those looking to expand globally, should pay close attention to trends and opportunities in this region to maximize their success and stay competitive in the global market.
The food segment dominated the retort packaging industry, accounting for more than 70% of the total market share.
The statistic highlights the significance of the food segment within the retort packaging industry, indicating it holds a strong position by capturing over 70% of the total market share. This suggests that retort packaging is predominantly used in the food sector, emphasizing the importance of packaging solutions designed to preserve and protect food products. The high market share indicates the widespread adoption and reliance on retort packaging for food items such as ready-to-eat meals, soups, sauces, and other perishable products that require sterilization and longer shelf life. Overall, this statistic underlines the key role of retort packaging in the food industry and underscores its dominance in meeting the packaging needs of food manufacturers and consumers.
The pet food segment is expected to have the highest CAGR in the retort packaging market.
This statistic indicates that the pet food segment within the retort packaging market is projected to show the highest Compound Annual Growth Rate (CAGR) compared to other segments. A high CAGR suggests rapid growth in revenue or market size over a specific period of time. In this context, the pet food segment is expected to experience substantial growth in demand for retort packaging solutions such as pouches and trays due to increasing pet ownership and changing consumer preferences towards convenient and sustainable packaging options. This forecast highlights the potential for significant opportunities and profitability in the retort packaging market specifically catering to the pet food industry.
The pouches segment accounted for the largest share in the global retort packaging market in 2019.
In 2019, the pouches segment held the highest proportion of market share within the global retort packaging market. This indicates that among various types of retort packaging options, such as trays or cartons, pouches were the most preferred choice by consumers or businesses. The dominance of the pouches segment suggests that it offered distinct advantages over other packaging formats, such as convenience, flexibility, and potentially superior preservation capabilities. This statistic underscores the significant role that pouches play in the retort packaging industry and highlights their importance in meeting consumer demands and market expectations.
Flexible packaging solutions account for approximately 80% of the retort packaging market.
The statistic that flexible packaging solutions account for approximately 80% of the retort packaging market implies that the majority of retort packaging used in the industry is in the form of flexible packaging. Retort packaging is a type of packaging that is designed to withstand high temperatures and pressure during the sterilization process, making it suitable for packaging perishable goods. Flexible packaging, such as pouches and bags, offers advantages such as lightweight, cost-effectiveness, and convenience in terms of storage and transportation. Therefore, the dominance of flexible packaging in the retort packaging market signifies the popularity and effectiveness of this packaging solution in meeting the needs of the industry.
Amcor Limited is the largest player in the global retort packaging market.
The statistic “Amcor Limited is the largest player in the global retort packaging market” indicates that Amcor Limited holds the largest market share in the retort packaging industry worldwide. This suggests that Amcor has a significant presence in the market, potentially outperforming its competitors in terms of sales, production capacity, innovation, and overall market influence. Being the largest player in the industry could imply that Amcor has a strong reputation, a wide customer base, and a competitive edge that sets it apart from other companies operating in the retort packaging market.
The retort pouches and trays market will reach $3.3 billion by 2024.
The statistic “The retort pouches and trays market will reach $3.3 billion by 2024” indicates a projected valuation for the retort pouches and trays market in the year 2024. This figure of $3.3 billion represents the total estimated market size based on current trends, consumer demand, and industry growth forecasts. It suggests that the demand for retort pouches and trays, likely utilized in the packaging industry for food and beverage products, is expected to increase significantly over the coming years. This statistic serves as a valuable insight for businesses operating within or looking to enter this market, providing a glimpse into the potential opportunities and growth prospects that may be available in the near future.
In Europe, the demand for retort pouches is showing a growth rate of over 7%.
The statistic stating that in Europe, the demand for retort pouches is showing a growth rate of over 7% indicates a notable increase in consumer interest and utilization of this packaging solution. This growth rate suggests a significant rise in the demand for products that are packaged in retort pouches across various industries such as food, pharmaceuticals, and cosmetics. The steady growth rate of over 7% points towards a sustained trend rather than a temporary spike, highlighting the potential for the retort pouch market to continue expanding in the foreseeable future. This statistic implies that businesses in Europe may consider ramping up production and investing more resources in the production and marketing of products packaged in retort pouches to capitalize on this increasing demand.
The Latin American retort packaging market is expected to grow at a rate of 4.8% from 2020 to 2025.
This statistic indicates that the Latin American retort packaging market is forecasted to experience a growth rate of 4.8% annually between the years 2020 and 2025. This suggests that there is a positive trend in the demand for retort packaging solutions in the Latin American region over the specified five-year period. Factors such as increasing consumer demand for convenient and shelf-stable products, advancements in packaging technology, and a growing food and beverage industry in Latin America are likely driving this growth. Companies in the retort packaging sector may need to capitalize on this opportunity by expanding their production capacity, enhancing their product offerings, and investing in marketing strategies to meet the rising demand for retort packaging solutions in the region.
The retort packaging market in the Middle East and Africa will reach $423.5 million by 2022.
This statistic is a projected forecast indicating the expected size of the retort packaging market in the Middle East and Africa region by the year 2022. The figure of $423.5 million represents the estimated total market value that the industry is expected to reach by that year. This forecast suggests a growing demand for retort packaging solutions in the region, which are commonly used for preserving food and beverages. Factors such as changing consumer preferences, increasing urbanization, and advancements in packaging technology may contribute to the anticipated growth of the market, making it an attractive sector for businesses and investors to monitor and potentially capitalize on in the upcoming years.
The retort pouches market in India is growing at around 17.6% CAGR.
The statistic indicating that the retort pouches market in India is growing at around a Compound Annual Growth Rate (CAGR) of 17.6% suggests that the market for these flexible packaging solutions is expanding rapidly and consistently. This growth rate reflects a strong and sustained increase in demand for retort pouches across various industries such as food, beverage, and pharmaceuticals in the Indian market. A CAGR of 17.6% signifies a considerable yearly growth rate that is likely driven by factors such as convenience, cost-effectiveness, durability, and environmental sustainability associated with retort pouches. This statistic highlights a promising trend for industry players and investors, indicating significant opportunities for market penetration and expansion in the coming years within the Indian packaging industry.
Retort trays are experiencing high growth in Europe and North America, accounted for 28% of the overall retort packaging market.
The statistic indicates that there is a significant increase in the demand for retort trays within the retort packaging market in Europe and North America. Specifically, retort trays are experiencing rapid growth and now represent 28% of the total retort packaging market in these regions. This suggests that consumers and businesses in Europe and North America are increasingly favoring retort trays over other types of retort packaging due to factors such as convenience, sustainability, or cost-effectiveness. The trend towards retort trays in these regions highlights a shifting preference towards packaging solutions that offer practicality, efficiency, and environmental benefits.
East Asia, Europe, and North America collectively represent around 70% of the total retort packaging market value share in 2019.
The statistic indicates that in 2019, the total retort packaging market value share was primarily dominated by East Asia, Europe, and North America, collectively accounting for approximately 70% of the market share. This suggests that these regions are key players in the retort packaging industry, likely due to factors such as their strong economies, established manufacturing capabilities, and high demand for packaged goods. The substantial market presence of these regions signifies their importance in driving the growth and development of the retort packaging sector globally, making them crucial areas for businesses and stakeholders to focus on for market opportunities and expansion strategies.
References
0. – https://www.www.futuremarketinsights.com
1. – https://www.www.transparencymarketresearch.com
2. – https://www.www.globenewswire.com
3. – https://www.www.mordorintelligence.com
