Retort packaging market

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Retort Packaging Market: Analysis and Forecast upto 2024

The global market for retort packaging has gained significant traction in the past few years owing to the wide usage in the packaged food industry. Retort packaging has also gained wide adoption and preference among manufacturers as well as consumers due to its properties such as compactness, low weight, and lower environmental impact. As compared to traditional packaging, retort packaging products are less bulky and have less packaging weight, making them lighter for shipping, which in turn offers real cost savings and reduces waste for both endconsumers. Such versatility of retort packaging is expected to drive its adoption in the near future. Transparency Market Research estimates that the revenue generated from sales of retort packaging across the globe will value over US$13 bn by the end of 2016. Over the period between 2016 and 2024, the global retort packaging market is projected to exhibit a CAGR of 7.5%. Obtain Report Details @ http://www.transparencymarketresearch.com/retort-packaging-market.html Of the key retort packaging product varieties examined in the report, namely pouches, trays, cartons, cans, and bottles, the segment of retort pouches is anticipated to command a share of 45.8% in the global market in 2016. The segment of retort pouches is also expected to retain its dominance throughout the forecast period; demand will be chiefly driven owing to the flexible nature of these packages and the use of heat resistant plastics suitable for processing at temperature of around 127 °C for their manufacturing. The segment of retort pouches is expected to witness 1.8 times rise in its revenue share in the global market from 2016 to 2024. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6266 Asia Pacific is expected to be the most promising region in terms of incremental opportunities and is expected to dominate the global retort packaging market, with a share of 34.0% in the overall revenues of the global market in 2016. The region will be followed by Europe and North America. Europe and North America are highly regulated and likely to create a substantial


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