According to the latest report by Future Market Insights, the global plastic retort can market is set to reach a value of USD 271.6 million by the end of 2024. The market is expected to continue its upward growth trajectory, with projections estimating it will reach USD 372.1 million by 2034, representing a moderate compound annual growth rate (CAGR) of 3.2% over the forecast period.
Plastic retort cans have increasingly become the preferred packaging solution for ready-to-eat meals, soups, sauces, and other shelf-stable products, due to their convenience, durability, and cost-effectiveness. Recent advancements in plastic manufacturing processes and materials have further boosted the performance of plastic retort cans, making them more heat-resistant and durable during the historical period.
These innovations in manufacturing and material design have not only improved the functionality of plastic retort cans but also contributed to their sustainability, which has fueled widespread adoption across several industries. The report highlights that during the forecast period, the market is expected to see increased penetration of plastic retort cans in the healthcare and personal care sectors.
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Prominent Drivers of the Plastic Retort Can Market
- Growing Demand for Convenient Packaging: Consumers increasingly prefer ready-to-eat meals and beverages that require durable, lightweight packaging. Plastic retort cans offer a convenient solution for heat-processed foods, driving their demand in the market.
- Shift Towards Sustainable Packaging: Many manufacturers are turning to plastic retort cans as an eco-friendly alternative to metal and glass containers. These cans are recyclable and require less energy to produce, aligning with global sustainability trends.
- Extended Shelf Life of Packaged Goods: Plastic retort cans are designed to withstand high-temperature sterilization, ensuring longer shelf life for packaged products like soups, sauces, and ready-to-eat meals. This has made them a popular choice for food producers.
- Increasing Adoption in Emerging Markets: The growing food and beverage sector in emerging economies, coupled with increasing disposable incomes, is driving the demand for plastic retort cans, particularly in regions like Asia-Pacific and Latin America.
- Cost-Effective Packaging Solution: Plastic retort cans are lightweight, reducing transportation costs and handling expenses. Additionally, their durability minimizes product damage, providing manufacturers with a cost-effective packaging option.
Key Takeaways: Plastic Retort Can Market
- The global plastic retort can market grew at a CAGR of 2.6% between 2019 and 2023.
- Forecasted to grow at a moderate CAGR of 3.2% from 2024 to 2034.
- In the United States, the market is expected to expand at a CAGR of 1.9% through 2034.
- The United Kingdom market will expand at a CAGR of 1.5% through 2034.
- China shows significant potential with a forecasted CAGR of 4.7% between 2024 and 2034.
- Japan is set to see market growth at a CAGR of 1.9% through 2034.
- India leads with the highest growth projection, expanding at a CAGR of 6.5% through 2034.
- Polyethylene Terephthalate (PET) is the dominant material, accounting for 51.6% of the market share in 2024.
- The food segment remains a key end-use sector, expected to hold 34.9% of the market share in 2024.
Competitive Landscape
The plastic retort can market is characterized by intense competition among key players striving to maintain or enhance their market share through strategic initiatives, product innovation, and differentiation strategies.
Company Portfolio
- Amcor plc is a global leader in packaging solutions, offering a wide range of plastic retort cans for various industries. Their portfolio includes innovative packaging designs, advanced barrier technologies, and sustainable solutions tailored to meet the unique needs of food, beverage, and healthcare sectors.
- Sonoco Products Company specializes in packaging solutions, including plastic retort cans designed for the food and beverage industry. Their portfolio features a variety of plastic retort can formats, sizes, and closure options to accommodate different product requirements and consumer preferences.
Key Players
- Kortec
- Sonoco
- Klear Can
- SOPAKCO
- Amcor
- Bemis
- Milacron Co-Injection Systems
- Winpack
- RPC
- Tekni-Plex
Segmentation Analysis of the Plastic Retort Can Market
By Material:
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
By Capacity:
- Up to 150 ml
- 151 to 300 ml
- 301 to 500 ml
- Above 500 ml
By End Use:
- Food
- Beverages
- Pharmaceuticals
- Other Industrial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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