Global Retort Packaging Market was valued at USD 40.09 billion in 2021 and is expected to reach USD 58.32 billion by the year 2028, at a CAGR of 5.5%.
Retort packaging is made up of many layers of flexible polymers and metal laminated together. Retort packaging assists in the packaging of a wide range of goods and drinks that may be kept fresh for longer. Retorts are a form of thermal food processing equipment that sterilizes food using heat and pressure. They are one of the most often used thermal food processing technologies. Retort packaging is a sort of semi-rigid and flexible packaging with a characteristic stand-up pouch for cook-in-a-bag meals such as soups, cereals, sauces, and pasta dishes.
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The Major Players In The Retort Packaging Market Include:
- Amcor plc.
- Mondi Group
- Huhtamaki Oyj
- Sealed Air Corporation
- Winpak Ltd
- Sonoco Products Company
- Coveris Holdings S.A.
- Proampac LLC
- Tredegar Corporation
- Avonflex
- ALLIEDFLEX Technologies Inc.
- DNP America LLC.
Market has segmented the global Retort Packaging market on the basis of type, application, and region:
The Retort Packaging market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type:
- Pouches
- Trays
- Cartons
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By Application:
- Food
- Beverages
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases sales@introspectivemarketresearch.com and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Retort Packaging Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
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