The report“Retort Packaging Marketby type (Pouches, Tray, and Cartons), by Material (Polyester, Polypropylene, Aluminum foil, and others), by End Use (Food, Beverage, and Others) - Global Forecast to 2020”defines and segments the retort packaging market, along with the analyses and projections of the market size. It also identifies the driving and restraining factors for the retort packaging market with the analysis of trends and opportunities.
Browse 115 tables and 51 figures spread through 215 Pages and in-depth TOC on"Retort Packaging Market - Global Forecast to 2020"
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End-Use of retort packaging market includes food, beverage, healthcare, and personal care. Growth in pre-made food and pet food and the demand for quality and convenient food are the key drivers of the retort packaging market.
The global retort packaging market is projected to reach USD 41.14 Billion by 2020, with a CAGR of 6.7% from 2015 to 2020. Retort packaging is becoming popular in the frozen food and beverage market due to advantages such as the growing demand for compact and light weight packaging.
The Asia-pacific region accounted for the highest share of the total market value, followed by Europe and North America due to changing lifestyle, increasing disposable income, extensive growth in population, and growth in the packaged food industry. The retort packaging market is well established in developed countries. The market in developing economies, such as China and India are estimated to grow at a higher rate from 2015 to 2020.
The retort packaging market is dominated by large firms such as Amcor Limited (Australia), Berry Plastics Corporation (U.S.), Mondi Group (South Africa), Otsuka Holdings Company Limited (Japan), Sonoco (U.S.), Astrapak Limited (South Africa), Tredegar Corporation (U.S.), Coveris (U.S.), Bemis Company Inc. (U.S.), and Clondalkin Industries BV (Europe). These companies provide advanced retort packaging products, and the considerable expertise and experience gained over the years have optimized their processes and practices to become more efficient. The leading players rely on regional and local distributors to increase their share as well as geographical presence in the market. The key strategies adopted by the players in the retort packaging market are mergers and acquisitions. Companies are adopting inorganic growth strategies, such as acquisitions to cope with the increasing demand for retort packaging in the key emerging markets. This strategy has aided companies to create a larger customer and partner base in the key markets. The leading retort packaging product manufacturers are focusing on emerging countries that are estimated to show potential for industrial development in the near future.
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