|Base Year Market Size
|USD XX Billion
|Forecast Year Market Size
|USD 2137 Million
Food packaging created from a lamination of flexible plastic and metal foils is known as retort packaging. It is utilized as an alternative to standard industrial canning methods and allows for the sterile packaging of a wide variety of food and drinks handled by aseptic processing. Water to fully cooked, thermo-stabilized (heat-treated), high-caloric (1,300 kcal on average) meals like Meals, Ready-to-Eat (MREs), which can be consumed cold, warmed by submerging in hot water, or heated with a flameless ration heater, a meal component initially adopted by the military in 1992. Retort packaging is used in field rations, space food, fish products, camping meals, fast noodles, and enterprises like Capri Sun and Tasty Bite.
With a market value of USD 1,197.7 million in 2021, Europe will be the second-largest market after the Asia Pacific region. It will reach a value of USD 2,137 million in 2030, growing at a CAGR of 6.6 % over the projected period. The region is home to the majority of the key firms in the food and beverage industry. The region also exports some of the most important food items. As a result, packaged food items have a high level of dependability.
The United Kingdom, Germany, France, Spain, Italy, the Netherlands, and Switzerland are among the nations covered in the Retort packaging market research. With a market value of USD 1,197.7 million in 2021, Europe will be the second-largest market after the Asia Pacific region. It will reach a value of USD 2,137 million in 2030, growing at a CAGR of 6.6 % over the projected period. The region is home to the majority of the key firms in the food and beverage industry. The region also exports some of the most important food items. As a result, packaged food items have a high level of dependability. The growing use of flexible packaging in Europe aims to reduce plastic consumption, resulting in increased market growth. With an expected market value of USD 698.4 million in 2030 and a CAGR of 7.0 percent, Germany will provide a large market share to the global European market. Due to increased investments in retort packaging growth, Germany dominates the European retort packaging industry. Furthermore, growth in demand for retort packaging by food and drinks is expected to stimulate demand in this region.
In countries like UK, Spain, France the demand for these packaging is increased due to the aviation sector or airline industry which is the reason of the constantly increased CAGR value in Europe. Also, the demand for ready-to-eat food is increasing rapidly in past few years in these European countries, from which it can be inference that demand will keep increasing in near future,
|By Packaging Type
|By Closure Type
|Coveris FLAIR Flexible Packaging Corporation, IMPAK CORPORATION PORTCO PACKAGING Constantia Flexibles Mondi Tetra Pak Clifton Packaging Group Limited
|U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europ
|Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Polypropylene, polyethylene, polyamide, PET, aluminum foil, and other materials are used in the market. With an expected market value of USD 1,690.8 million in 2021, polypropylene will be the fastest-growing sector. It will reach a market value of USD 3,015.8 million in 2030, with an annual growth rate of 8.1%. Extreme temperature and chemical resistance, as well as expanding usage in automotive, packaging, healthcare, electronics, and building and construction, will all contribute to market expansion. Higher tensile strength, superior barrier, and cheaper cost will all contribute to the segment's value. With an expected value of USD 1,453.8 million in 2030, the PET sector will have the second-largest market share.
The market can be separated into two types of packaging: stand-up pouches and flat pouches. With a market value of USD 2,482.2 million in 2021, stand-up pouches will have the biggest market share. With a CAGR of 7.9% during the forecast period, it will reach a value of about USD 4,573.9 million in 2030. Sustainability, lightweight, and increasing printability and seal ability availability will all contribute to the segment's growth. Due to its simplicity and availability in a wide range of materials and seals, the flat pouches market is expected to reach USD 3,693.4 million in 2030.
The market can be divided into three types of closures: tear notch, zipper, and spout. With a market value of USD 1,828 million in 2021, the zipper segment will have the biggest market share during the projected period. In 2030, it will have a market value of USD 3,245.1 million. Due to the possibility to be accessed several times due to its usefulness and increased utilization of e-commerce and on-the-go applications, the CAGR is expected to be 7.3 percent. With an expected market value of USD 3,137.9 million in 2030, the tear-notch sector will account for the second-largest market share.
The market can be divided into food, drinks, pet food, and other categories based on application. With a market value of USD 2,499.6 million in 2021, food will hold the biggest market share over the projected period. It is expected to expand at a CAGR of 7.1 percent. The market will be worth USD 4,123.2 million in 2030, according to estimates. The segment's growth will be aided by factors such as increased temperature resistance and the capacity to be integrated as ready-to-eat packaging. Pet food will have the second-largest market share in 2030, with an estimated value of USD 1,701.3 million.