According to latest research, retort carton market is projected to grow with a CAGR of 5% - 7% for the forecast period of 2021-2031.
Demand for this product will be witnessed across all regional markets. Due to a rapid increase in demand for ready to eat meals across the globe, the market for this product is set to prosper further during the upcoming decade.
What is Driving Demand for Retort Cartons?
Demand for Retort Cartons has been increasing due to its key operational benefits such as laser scoring near the carton’s top which adds a perforation for easy opening and pouring, space saving on retail and pantry shelves, and weight savings as compared to metal jars and cans. These cartons reduces the manufacturing and storage cost as well.
These cartons hold a material constitution of 65% paperboard, a renewable material, which makes the product fit into many recycling systems. They prove to be environmental friendly and more acceptable in the near future, owing to the rising concerns and precautions regarding sustainability and environment. These cartons usually have lacquer protected graphics that add an appeal to them and help enable marketing and branding efforts of end users.
Factors such as busy work life, growing single households, increasing spending capacity, as well as growth of online food ordering platforms are driving the food packaging products demand, and thus also contributing to the growth of retort cartons market.
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Superior Material Properties to Boost Retort Cartons Demand
Retort cartons accommodate the higher temperatures of retort cooking as they have a more heat resistant polypropylene interior structural element. This plastic is quite resistant to flavor scalping and removing desirable aromas from the food product. This polypropylene layer also gives the carton a duplex structure which helps it to resist moisture.
Furthermore, the product has a large face panel for added shelf presence and a flat base, making it more stable on shelves than retort pouches. These numerous advantages will ensure robust growth of the market.
North America & Europe Retort Cartons Market Outlook
The North American region is expected to have the largest market share in the global retort cartons market in the forecast period. This is owing to significant demand from the food & beverage industry. Also the presence of many top key player companies native to this region helps ensure stable supply for the market.
Growing demand for packaged food and a fast-moving lifestyle in this region drives demand for ready to eat food items and immediate consumables, in turn increasing the sales of these cartons.
The market in the European region is expected to expand at a steady pace during the forecast period. The region has witnessed introduction of new products such as the Tetra Recart retortable cartons. Consumers in this region have appreciated the product and have taken a liking to it. Such developments will spur new product launches in this region will boost the growth of its market.
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ASIA-PACIFIC Retort Cartons Market Outlook
The Asia-Pacific region is expected to witness a steady growth in the market of this product. Population in countries such as China, Japan and South Korea have highly adopted the trend of consuming packaged food that would take very little cooking time, with a growing adoption rate in other countries such as India and ASEAN group.
Key players are investing significant capital in inventing products that consume minimal space and retort cartons are an excellent option as they occupy optimal space in kitchens. Hence there is immense scope of growth in this region in the forecast period.
Who are the Key Manufacturers and Suppliers of Retort Cartons?
Some of the key players operating in the global retort carton market are
Amcor PLC (Australia)
Berry Global Inc. (US)
Sonoco (US)
Huhtamaki Oyj (Finland)
Mondi Group (South Africa)
Otsuka Holdings Co. Ltd (Japan)
Tredegar Corporation (US)
Coveris (Austria)
Clondalkin (Netherlands)
and Sealed Air Corporation (US).
New product developments such as Tetra Recart by IPM Foods LLC, the world’s first retortable carton packaging system designed for low-acid, shelf-stable food products with particles of almost any size, contribute to the robust growth in retort carton demands.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Segments
By Material:
Paper and Paperboard
Polyester
Others
By Application:
Food
Beverages
Others
By Region:
North America
US & Canada
Latin America
Brazil, Mexico
Europe
Germany, Italy, France, UK, Spain, Benelux, Russia, Nordics
