The global retort packaging market size was valued at USD 4.62 billion in 2023 and is projected to be worth USD 4.85 billion in 2024 and reach USD 7.51 billion by 2032, exhibiting a CAGR of 5.61% during the forecast period. A retort pouch is food packaging type produced by using a laminate of metal foils and flexible plastic. The increasing use of retort pouches, cups, and trays in the food industry to propel the adoption of retort pouches.
Segments
The global retort packaging market is segmented based on product type, material, application, and region.
a) By Product Type:
- Pouches: The most dominant segment, pouches account for the largest market share due to their flexibility, light weight, and cost-effectiveness.
- Trays: Used mainly for packaging meals that require reheating.
- Cartons: Gaining popularity due to their eco-friendliness.
b) By Material:
- Polypropylene (PP): One of the most widely used materials in retort packaging due to its high heat resistance.
- Polyethylene Terephthalate (PET): Used for its durability and resistance to heat.
- Aluminum Foil: Known for its excellent barrier properties to oxygen and moisture.
c) By Application:
- Food & Beverages: This is the largest application segment, driven by demand for ready meals, baby food, and pet food. The ready-to-eat meal segment is seeing robust growth due to busy lifestyles.
- Pharmaceuticals: Retort packaging is increasingly used to extend the shelf life of medical supplies.
- Personal Care: A smaller but growing segment, used for packaging temperature-sensitive cosmetic products.
Report Coverage
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.