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Growth Drivers:
-Increase in Disposable Income
-Reduction in Cost
-Innovation in Pet Food Products
-Consumer Convenience
Opportunities:
-Ongoing Innovation in Retort Packaging
-Increasing Usage of Retort Packaging in Emerging Economies
Growth in the flexible packaging market and rise in the demand for ready-made meals with extended shelf life are projected to be the major drivers of the retort packaging market. The growing demand for pet food and baby food products are is also one of the major drivers of the retort packaging market.
Technological advancements as well as emergence of the Meal, Ready-to-Eat and lesser logistic cost are expected to have a positive impact on the growth of the retort packaging market.The global retort packaging market is projected to be around USD 41.14 Billion by 2020, growing at a CAGR of 6.7% from 2015 to 2020.
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Top Key Players:
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).
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