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Global retort-packaging market to reach $47.5 billion by 2024 based on low-cost product demand: study

The global retort-packaging market is expected to grow at a 5.85% CAGR to reach a market size of $47.5 billion by 2024 from $33.8 billion in 2018,  says a new study by Dublin, Ireland-based Research & Markets. 

The property of increased shelf life and low cost is expected to boost market growth. Further, rising demand for convenience food is anticipated to augment market demand. In addition, growing consumer preference for products with flexible packaging, which are easy to handle, is projected to boost the demand for the retort-packaging market. 

By material type, the market is segmented into Polypropylene, Polyester, Polyethylene, Aluminum, and Others.

Major players profiled in the retort-packaging market include Constantia Flexibles, FLAIR Flexible Packaging Corporation, ProAmpac, Clondalkin Group, Winpak, Ltd., Amcor, Mondi Group, and Sonoco Products Co.

More info: Retort Packaging Market – Forecasts from 2019 to 2024

In light of the current COVID-19 pandemic, it may be possible to have this report customized.

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