According to the business intelligence report titled ‘Global Retort Packaging Market Size study, By Packaging Type (Pouches, Trays, Cartons and Others), Material (Paper & Paperboard, Aluminum Foil, Polypropylene, Polyester and Others), Application (Food, Beverages and Others), and Regional Forecasts 2020-2027’ available with Market Study Report, global retort packaging market was worth USD 3.32 billion in 2019 and is projected to register 5.3% CAGR over 2020-2027, subsequently accumulating USD 5.02 billion by the end of the stipulated timeframe.
 

Escalating demand for ready-to-eat food products owing to factors like hectic work schedules, increasing number of single households, and rising disposable income is fostering global retort packaging market growth. Moreover, growing necessity of shelf-life enhancing solutions for various kinds of food items such as beef, poultry, fish, infant food, and pet food, is adding considerable traction to the overall industry expansion.
 

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For the record, retort packaging refers to a type of food packaging manufactured using flexible plastic pouches, commonly known as retort pouches. They are primarily used to store perishable food products and are capable of enhancing the shelf life up to 18 months without refrigeration or preservatives. Advantageous attributes such as portability, enhanced comfort, and light weight are encouraging the adoption of retort packaging.
 

Based on packaging type, global retort packaging market is fragmented into cartons, trays, pouches, and others. With regards to material, the industry is split into polyester, polypropylene, aluminum foil, and paper & paperboard among others. Moving on, the application scope of the vertical is categorized into food, beverages, and others.
 

From regional frame of reference, Asia-Pacific retort packaging market is anticipated to amass substantial revenue during 2020-2027, largely creditable to high demand from Japan, South Korea, China, and Australia. Factors such as rising disposable incomes presence of a large target population, and increasing adoption of ready-to-eat food products are contributing to the regional market growth.
 

Top contenders in the global retort packaging industry sphere are Mondi plc, Amcor plc, Huhtamäki Oyj, Winpak Ltd., Sealed Air Corp., Sonoco Products Company, ProAmpac, LLC, Coveris Holdings S.A., Avonflex Pvt. Ltd., and Tredegar Corp.