Retort Packaging Market is Anticipated to Witness High Growth Owing...

Retort Packaging Market is Anticipated to Witness High Growth Owing to Rising Demand for Convenient Food Packaging

Posted 2024-04-04 06:25:22

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Retort packaging refers to a type of food packaging that uses a flexible pouch for retorting. Retorting is a process that involves high-temperature commercial sterilization of pre-packaged foods to increase its shelf life without any refrigeration. Retort packaging provides safe, hot filled, shelf-stable pouches for food products. It helps retain the nutritional value, taste and texture of food. The growing demand for convenience food packaging from both foodservice and food processing industries is fueling the retort packaging market. The ability of retort packaging to kill any microorganisms and prevent spoilage of food makes it suitable for packaged meals, sauces, baby food, pet food and more.

The Global retort packaging market is estimated to be valued at US$ 91.91 BN in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Retort Packaging Market Growth are BEYO Chemical Co., Ltd., Cathay Biotech Inc., Chemceed, Evonik Industries AG, Haihang Industry, Selleck Chemicals, Serena Chemicals, TCI Chemicals (India) Pvt. Ltd., Thermo Fisher Scientific Inc., and UBE Industries, Ltd. These players are focusing on new product launches and partnerships to expand their global footprint in the retort packaging market. For instance, Cathay Biotech Inc. provides high-performance packaging materials for industries like pharmaceuticals, food and beverages.

The increasing demand for packaged ready meals and food items with longer shelf life presents significant growth opportunities for players in the retort packaging market. The busy lifestyle of consumers is driving the need for convenient food options that do not require refrigeration. Retort packaging helps address this need effectively.

Major players are expanding their manufacturing facilities globally to strengthen supply chain and cater to the growing demand from international markets like North America, Europe, Asia Pacific and Middle East & Africa. For example, TCI Chemicals established a new production plant in India to meet growing orders from domestic food processing companies.

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