Retort Packaging Market: By Type (Pouches, Trays, Cartons, Others), By Material Type (Paperboard, Aluminium foil, Polypropylene, Polyester, Others) By End User (Food, Beverages, Hypermarkets, Others) and By Geography

Retort Packaging Market size was valued at USD 5.45 billon in 2023 and poised grew at 7.2% CAGR during the forecast period 2024-2030. Increased demand for ready-to-eat meals due to a variety of factors, including changing lifestyles, longer workdays, and urbanization is expected drive the retort packaging market. Many clients are looking for quick and simple meal options that can be prepared in minutes without sacrificing flavor or quality. Ready meals are an easy, straightforward solution for busy consumers looking for ways to conserve time and effort. Retort packaging has grown in popularity as consumers choose pouches and trays for on-the-go eating. The Flexible Packaging Association estimates that retorting purses and bags account for almost 60% of all food packaging worldwide. The increased demand for packaging solutions to improve the shelf life of food goods such as meat, seafood, baby food, and pet food is expected to drive up demand for retort packaging over the forecast period.

Furthermore, increased demand for pouches, which are lighter in weight, more convenient, and portable than rigid packaging materials, is likely to boost market expansion. These factors are likely to boost demand for processed foods, resulting in increased demand and growth in the retort packaging market throughout the forecast period. However, uncertain raw material prices are expected to limit industry expansion. On the contrary, expansion in e-commerce sectors, as well as advances in packaging materials and technology, are likely to create attractive prospects for the retort packaging market.

Retort Packaging Market Key Developments:

• In June 2022, Stora Enso and Tetra Pak collaborated on a beverage carton recycling system. The collaborative feasibility study includes the design of a recycling plant at Stora Enso's Langerbrugge location in Belgium. The Benelux market receives around 75,000 tonnes of beverage cartons each year. More than 70% of these have already been collected and recycled.
• In April 2022, ProAmpac launched its innovative ProActive PCR Retort pouches. ProActive PCR Retort pouches are designed to package pet and human food and are FDA and EU approved for food contact in retort applications. To limit the use of virgin resins in packing, ProActive PCR Retort pouches contain a PCR content of 30% or more. Furthermore, these creative pouches are Plastics Packaging Tax (PPT) compliant in the UK.