The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The retort packaging market has witnessed substantial growth in recent years, driven by evolving consumer lifestyles, sustainability initiatives, and technological innovations. As the demand for convenience and ready-to-eat meals escalates, the market continues to expand, offering diverse solutions for packaging and preserving food products.

Market Growth and Projections

• The market size surged from $4.18 billion in 2023 to $4.45 billion in 2024, with a CAGR of 6.6%.
• Expected growth to reach $5.85 billion in 2028, boasting a CAGR of 7.1%.
• Factors fueling growth include premium packaging, eco-friendly materials, and expansion in pet and baby food packaging.

Major Trends and Influences

• Microwavable and sous-vide pouches
• Stand-up pouches for snacks
• Recyclable and compostable materials
• Smart packaging with QR codes
• Plant-based and organic food packaging

Growing Demand For Ready-To-Eat Meals Drives Market Expansion

• Increased demand for ready-to-eat meals globally fuels market growth.
• Retort packaging preserves quality and extends shelf life of prepared foods.
• US processed food exports reached $38 billion in 2022, highlighting the global trend.
• Retort packaging meets the needs of single-person households and busy lifestyles.

Rise Of Recyclable Retort Pouches Advancing Sustainability

• Manufacturers develop recyclable retort pouches to enhance sustainability.
• ProAmpac introduces recycle-ready retort pouches for pet and human food.
• Amcor collaborates with Nestle to create recyclable retort pouches for pet food.

Hewlett-Packard Company Acquires Choose Packaging

• HP’s acquisition of Choose Packaging signifies a commitment to sustainability.
• The $10 billion acquisition aims to promote recyclable alternatives to plastic.
• Choose Packaging pioneers innovative and sustainable packaging solutions.

Market Segmentation

1. By Product Type: Pouches, Trays, Cartons, Other Product Types
2. By Material: PET, Polypropylene, Aluminum foil, Polyethylene, Polyamide, Paperboard, Other Materials
3. By End-Use: Food, Beverages, Other End-Users

Regional Outlook

• Asia-Pacific led the retort packaging market in 2023.

Conclusion

The retort packaging market represents a pivotal component of the food packaging industry, catering to the demands of modern consumers for convenience, sustainability, and quality. As the market evolves, innovative solutions and strategic acquisitions shape its trajectory towards a greener and more efficient future.

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The Retort Packaging Global Market Report 2024 provides an overviewof the retort packaging market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The retort packaging market forecast analyzes retort packagingmarket size, retort packaging market share,leading competitor and their market positions.

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