Albany, NY -- (SBWIRE) -- 06/20/2018 -- Revenue-wise, it has been estimated that the opportunities in the global retort packaging market will translate into US$24,706.0 mn by the end of 2024, substantially up from its evaluated worth of US$14,945.0 mn in 2017. In terms of volume, the study has projected the demand to expand at a CAGR of 6.7% and produce a demand for 72,492 mn units by 2024.

The pouches segment has been further sub-segmented into gusseted pouches, spouted pouches, back-seal quad, and stand-up pouches.

As of 2017, the pouches segment had the highest demand, with stand-up pouches the key sub-segment. By the end of 2024, stand-up pouches are estimated to generate a demand of 16,472 units or a revenue of US$7,562.1 mn. Stand-up pouches go a long way in catching the attention of customers at a retail outlet and thereby drive sales. Among other product segments, the retort packaging market is expected to gain demand for trays at an above-average CAGR of 8.4% during the forecast period of 2017 to 2024.

Cast polypropylene and polyester are two segments that are showing greatest promise. While the cast polypropylene segment is estimated to be worth US$5,261.8 mn by the end of 2024, the demand for the polyester segment is projected to expand at an above-average CAGR of 8.5% during the period of 2017 to 2024 to attain a valuation of US$4,634.2 mn.

Asia Pacific retort packaging market has been estimated to be attain a valuation of US$8,607.4 mn by 2024, the European region is primed to generate a demand worth of 7,148.0 mn.

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Global Retort Packaging Market: Overview

This report provides forecast and analysis of the retort packaging market on the global and regional level. The study provides historic data of 2016 along with forecast from 2017 to 2024 based on volume (Mn units) and revenue (US$ Mn). It includes drivers, restraints and the ongoing trend of the retort packaging market along with their impact on demand during the forecast period. The report also comprises the study of opportunities available in the market for retort packaging on the global and regional level. It includes value chain analysis with list of raw material manufacturers, plastic film manufacturers, plastic film converters, packaging manufacturers and end users in the value chain.

In order to provide the users of this report with comprehensive view of market, we have included detailed competitiveness analysis and company players. The competitive dashboard provides detailed comparison of retort packaging manufacturers on parameters such as company's revenue, unique selling propositions and key strategic developments. The study encompasses market attractiveness analysis, by product type, material type, form type, application type and by geographic region.

Global Retort Packaging Market: Key Research Aspects

Market statistics have been estimated based on average consumption and weighted average pricing of retort packaging by product type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The retort packaging market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous retort packaging manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while estimating the market for various end users of retort packaging in different regions. Top-down approach has been used to estimate the retort packaging market by regions. Market numbers for global product type, material type, form type and application segments have been derived using the bottom-up approach, which is cumulative of each region's demand. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, World Bank, Packaging Digest, Plastic Manufacturers Association, Society of the Plastics Industry, Plastics Europe, and Hoover's, and company annual reports and publications.

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Global Retort Packaging Market: Competitive Dynamics

The report provides detailed competitive outlook including company profiles of key participants operating in the global market. Key players in the global retort packaging market include, Amcor limited, Bemis Company, Inc., Sealed Air, Coveris Holdings S.A, Mondi Group, Sonoco Products Company, Berry Plastic Group, Inc., Ampac Holdings LLC., Winpak Limited Company, Clondalkin Group and Flair Flexible Packaging Corporation.

The global retort packaging market is segmented below

By Product Type

Pouches
Stand- up Pouches
Back-seal Quad
Spouted Pouches
Gusseted Pouches
Trays
Cartons
Others (Cans, Bottles)

By Material

Cast Polypropylene
Nylon (Bi-Oriented Polyamide)
Polyester (PET)
Polyethylene (PE)
Aluminum Foil
Paper & Paperboard
Others (PVDC, PVC)

By Form

Flexible
Rigid
Semi-rigid

By Application

Food
Meals Ready-to-Eat (MRE)
Sea Food
Pet Food
Baby Food
Soups & Sauces
Others (Meat stew)
Beverages
Pharmaceuticals

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By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa