Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.72 Billion | USD 9.36 Billion | 5.2% | 2024 |
The global retort packaging market size was worth around USD 5.72 Billion in 2024 and is predicted to grow to around USD 9.36 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.2% between 2025 and 2034. The report analyzes the global retort packaging market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the retort packaging industry.
Retort Packaging is expected to see steady growth over the forecast period owing to changing lifestyle preferences of consumers across the world. Majorly increasing demand from the food and beverage industry vertical is expected to propel the retort packaging market potential over the forecast period.
Increasing demand for packaged foods, rising working population, increasing use of convenience foods, and changing trends of the packaging industry are some of the key factors that influence the retort packaging market potential over the forecast period.
Increasing consumer base across the world and rising spending capacity of the population will also prove to be major factors boosting the retort packaging market growth. Increasing strict regulations regarding the use of plastic are expected to hamper the zzz market growth in the long run.
Changing Consumer Preferences to Boost Retort packaging market growth
Consumers across the world are seeing a major change in their purchasing trends as the world advances. The working population has grown substantially, and this has led to a rise in the adoption of packaged and convenience foods coupled with increased disposable income. This trend will significantly shape the retort packaging market potential in a positive manner. This factor alone will boost the retort packaging market growth through 2028. Semi-cooked meals are gaining popularity due to their time-saving aspect and hence driving the demand for retort packaging.
Rising Focus on Sustainability across the world
Retort packaging companies are facing the challenge of bringing sustainable packaging in order to reduce waste. Governments across the world are imposing stringent regulations to control waste and reduce its impact on the environment, and this will be a major restriction to the retort packaging market growth as most of the retort packaging is made of plastic-based materials that are being banned across the world. This factor is expected to slow down the retort packaging market growth over the forecast period.
The global retort packaging market is segregated based on type, material, end-user, and region.
By end-user, the retort packaging market is segmented into food, beverage, and others (pharmaceutical and personal care products). The increasing demand for retort packaging in the food industry is expected to boost the retort packaging market potential over the forecast period. This segment is expected to emerge as the dominant one over the forecast period owing to the rise in consumption of packaged and convenience foods by increasing working population across the world.
Report Attributes | Report Details |
---|---|
Report Name | Retort Packaging Market |
Market Size in 2024 | USD 5.72 Billion |
Market Forecast in 2034 | USD 9.36 Billion |
Growth Rate | CAGR of 5.2% |
Number of Pages | 180 |
Key Companies Covered | Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Mondi Group (South Africa), Otsuka Holdings Co. Ltd (Japan), Tredegar Corporation (US), Coveris (Austria), Clondalkin (Netherlands), Sealed Air Corporation (US), and others. |
Segments Covered | By Type, By Material, By End user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia-Pacific region will lead the global retort packaging market in terms of revenue and volume share owing to changing lifestyle trends and increasing per capita disposable income of the general population. Increasing demand for packaging solutions with longer sustainability and high consumption of packaged foods and meals is also expected to prominently drive the retort packaging market growth in this region through 2028. Emerging economies of China, Japan, and India are estimated to exhibit lucrative opportunities for the retort packaging market over the forecast period in the Asia Pacific region.
Increasing consumption of packaged foods will drive the market for retort packaging in North America and Europe over the forecast period.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the retort packaging market on a global and regional basis.
Some of the main competitors dominating the global retort Packaging market include -
By Type
By Material
By End User
By Region
FrequentlyAsked Questions
The global retort packaging market is expected to grow due to increasing demand for shelf-stable, ready-to-eat foods, rising convenience food consumption, and advancements in high-barrier packaging technology.
According to a study, the global retort packaging market size was worth around USD 5.72 Billion in 2024 and is expected to reach USD 9.36 Billion by 2034.
The global retort packaging market is expected to grow at a CAGR of 5.2% during the forecast period.
Asia-Pacific is expected to dominate the retort packaging market over the forecast period.
Leading players in the global retort packaging market include Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Mondi Group (South Africa), Otsuka Holdings Co. Ltd (Japan), Tredegar Corporation (US), Coveris (Austria), Clondalkin (Netherlands), Sealed Air Corporation (US), among others.
The report explores crucial aspects of the retort packaging market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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