The market for plastic retort cans, which had a market value of US$ 1382.5 million in 2022, is anticipated to increase at a CAGR of 4.4% over the forecast period to reach US$ 2126.5 million by 2032. Due to an increase in packaged food consumption as well as a number of other factors, it is projected that the use of plastic retort cans will expand over the coming years. One factor that may be to blame for the anticipated increase in demand for plastic retort cans is rapid urbanisation.
Plastic retort cans are a type of packaging container that is designed to withstand high temperatures and pressures during the retort sterilization process. This process is commonly used in the food and beverage industry to extend the shelf life of products while ensuring their safety for consumption.
The plastic retort cans market has witnessed significant growth in recent years due to the rising demand for convenient, ready-to-eat food products and the need for lightweight, durable packaging solutions. Additionally, plastic retort cans offer several advantages over traditional metal cans, including lower transportation costs, reduced carbon footprint, and improved recyclability.
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Who are Some of the Key Players in the Plastic Retort Cans Market?
Some of the key players in the plastic retort cans market are:
- Kortec,
- Sonoco,
- Klear Can,
- SOPAKCO,
- Amcor,
- Bemis,
- Milacron Co-Injection Systems,
- Bemis,
- Winpack,
- RPC.
These companies have been working towards replacing tin cans with plastic retort cans. Moreover, the companies are also investing in market research to understand the preference of various customers, and to prepare the product based on the preferences given.
- In July 2022, Sonoco announced that it would be expanding its post-consumer recovery and recycling opportunities for paper cups in bales of mixed paper to be used as a raw material at its Hartsville, S.C., paperboard mill to produce new paperboard.
- In April 2022, Amcor announced the addition of more sustainable high shield laminates to its pharmaceutical packaging portfolio.
Plastic Retort Cans market – Market Dynamics
Plastic retort cans market is gaining momentum from increased demand for packed food in geographies that are characterized by increasing per capita spending, rising middle income population and emerging economies. Furthermore, the above benchmark performance of food and beverage industry across developed as well as developing markets is another catalytic factor for global retort cans market.
Nevertheless, players engaged in plastic retort cans manufacturing are constantly challenged by the increasing penetration of retort pouches which offer flexible packaging form, over plastic retort cans. Retort pouches also offer printing capabilities for brands and logos and have applications in organic food packaging, frozen food packaging, pet food packaging, soup packaging and fresh food produce.
Along with the need to improve shelf life of food products, advancement in technology can create opportunities in plastic retort cans market.
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What are the Current Market Dynamics pertaining to Plastic Retort Cans Market?
One of the best features associated with plastic retort cans is that they can be stored in pallet jacks and pallet trucks without the need for cartooning. This gives them the ability to save a lot of space wherein the cans be simply stacked and delivered. This is expected to surge the plastic retort cans market share.
The food items stored in plastic retort cans are known to have a longer shelf life, the reason being these are multi-layered packaging products. This is something that allows the end customer to store the food and, at the same time, allows the company to achieve cost-cutting by avoiding unnecessary scaling. This is expected to increase the demand for plastic retort cans.
Key Factors Driving the Plastic Retort Cans Market
The Plastic Retort Cans Market is expected to witness significant growth in the coming years due to various factors, some of which are listed below:
- Increasing Demand for Convenience Food- The increasing demand for convenience food and beverages is driving the growth of the Plastic Retort Cans Market. Consumers prefer food products that are easy to prepare and consume, which has led to the growth of the ready-to-eat and ready-to-drink food and beverage market. Plastic Retort Cans offer convenience in terms of storage, handling, and transportation, making them an ideal packaging solution for these products.
- Growing Trend of On-The-Go Food Consumption- The growing trend of on-the-go food consumption has also contributed to the growth of the Plastic Retort Cans Market. The fast-paced lifestyle of consumers has led to an increase in demand for portable and easy-to-carry food products. Plastic Retort Cans are lightweight and durable, making them a suitable packaging solution for food products that are consumed on-the-go.
Key Segments Profiled in the Plastic Retort Cans Market Survey
By Type:
- Food Plastic Retort Cans
- Beverage Plastic Retort Cans
- Healthcare Plastic Retort Cans
- Pharmaceutical Plastic Retort Cans
By Industry:
- Food
- Medical
- Others
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