Global retort packaging market 2015-2020

According to a new report by MarketsandMarkets (M&M), the global retort packaging market is projected to reach USD 41.14 Billion by 2020, with a CAGR of 6.7% from 2015 to 2020. Increasing disposable incomes of people in developing countries, increasing urbanization, and changing preferences of people towards convenient packaging drive the growth of the market. The major restraining factor for the growth of this market is the high capital investment involved in sealing technologies.
Asia-Pacific is estimated to grow the fastest in the forecast period, due to the increasing demand of convenience food and the growing health and personal care industry (Press Release M&M, 21 August 2015).
Click here for the press release.
Click here for more information about the report.

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