Retort packets are
made with the help of flexible plastic combined with metal foils.
This type of packaging is used to keep the food sterile over a long
period of time. The market is being driven due to the increase in
demand for convenience food globally. The Retort
Packaging
Market
is expected to witness growth during the forecast period.
The global retort
packaging industry is being driven by the rising demand for ready to
eat food globally. With the changing lifestyle of families, everyone
has started working and hence do not have the time to cook their
food. In such a case, the families prefer to buy ready to cook food
and store it for long term periods. The retort packaging is used in
such cases to keep the food fresh and sterile. Furthermore, the
retort packaging are lighter compared to metal cans and hence
preferred over them. Moreover, this type of packaging is also
flexible and takes less space and hence can be easily kept in the
bags without the fear of destroying the food while travelling. In
addition, the retort packets are also increasingly being used in baby
foods packaging as their do not contain any harmful chemicals unlike
plastic packaging. Moreover, the reducing cost of the raw materials
used to make retort packet is also driving the market for growth.
Furthermore, the retort packaging is also being applied in the case
of animal food as they need to be preserved over longer period. In
addition, the decreasing cost of the logistics is also reducing the
cost of packaged food which is acting a driver for the market.
However, the market
is facing restraints in the form of high cost of development and the
rising concept of recycling. The manufacturing setup for retort
packaging involves high capital expenditure with is restraining the
market from growth. Furthermore, the rising environmental concerns
are creating a need for recycling products which also includes the
food packaging materials. This, in returning is reducing the repeated
sale of new retort packets and hence acting as a restraint for the
market.
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The retort packaging
is expected to witness several opportunities in future which are
expected to the drive the market during the forecast period. The
increasing technological innovation in the retort packaging
technology is expected to drive the market in future. Furthermore,
the increasing disposable income in the emerging economies such as
India and China is expected to create a robust demand for this
market.
The market can be
segmented into three parts: by material, by type and by end use and
by geography. In terms of material, the market can be categorized
into polypropylene, polyester, aluminum foil and others. By type, the
retort packaging can be classified into tray, pouches and cartons. By
end use, the market can be segmented into healthcare, personal use,
food, beverages and others.
Some of the Key
Players in this market include
Berry Plastics Corporation, Mondi Group, Amcor Limited, Sonoco
Products Company, Astrapak limited, Otsuka Holdings Co., Ltd, Bemis
Company, Inc. and Coveris among others.
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