February 24, 2024
Retort Packaging Market

Retort Packaging Market Propelled by Increased Shelf Life of Products

Retort Packaging provides durable and convenient packaging for food products and helps extend their shelf life without any refrigeration requirement. Retort packaging involves a multi-layer laminate structure that acts as a effective barrier against moisture, oxygen, and other contaminants to protect the contents. It allows food manufacturers to sterilize packaged products using temperature process to kill harmful bacteria and microorganisms that cause spoilage. The global Retort Packaging Market is estimated to be valued at US$ 35.43 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased shelf life of products packaged using retort packaging has been a major driver for this market. Retort packaging helps extend the shelf life of products without any refrigeration from few weeks to nine months. This allows manufacturers to ship and store packaged food products for longer duration and reach untapped markets. The long shelf life also provides convenience to consumers who can now store packaged foods for extended period and consume them as and when required without worrying about expiration. The effective barrier properties of retort packaging prevent microbial, air and moisture degradation and help retain visual appeal, taste and nutritional value of products for a longer shelf life without refrigeration. This has increased its adoption among food manufacturers.

SWOT Analysis

Strength: Retort packaging offers strong barrier properties that help extend the shelf life of food products. It allows food preservation without refrigeration.
Weakness: Retort packaging materials are more expensive than conventional packaging. There are also additional costs associated with industrial sterilization.
Opportunity: Growth in demand for convenient packaged foods drives opportunities in retort packaging. Rise in food exports also creates scope for retort packaging adoption.
Threats: Strict environmental regulations around plastic packaging usage pose threats. Substitute packaging technologies can also emerge as threats.

Key Takeaways

The Global Retort Packaging Market Size is expected to witness high growth.

Regional analysis: The Asia Pacific region currently dominates the retort packaging market and is expected to maintain its lead over the forecast period. Countries like China, India and other Southeast Asian nations are major contributors to market growth in the region due to rising disposable incomes, growing middle class, and changing lifestyles that drive demand for convenient packaged foods.

Key players: Key players related content Key players operating in the retort packaging market 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.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it