Plastic Retort Can Market

Plastic Retort Can Market Outlook from 2024 to 2034

In the latest report by Future Market Insights, the lead research consultant estimates the global plastic retort can market value to reach USD 271.6 million in 2024.

The upward trajectory will continue securing growth, with projections indicating a market value of USD 372.1 million by 2034. This equates to a moderate CAGR of 3.2% through the forecast period.

Attributes	Key Insights
Plastic Retort Can Market Estimated Size in 2024	USD 271.6 million
Projected Market Value in 2034	USD 372.1 million
Value-based CAGR from 2024 to 2034	3.2%

Market Trends and Highlights

• Preference for lightweight packaging is a factor that will pave the way for market during the forecast period.
• Increasing demand for convenience foods, is a major factor pacing up the market prospects.
• Continually expanding food industry, is among the factors that is advancing swiftly towards market expansion.
• Ongoing innovations in plastic manufacturing processes is also gaining momentum to propel the market.

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

The scope for plastic retort can rose at a 2.6% CAGR between 2019 and 2023. The global market is achieving heights to grow at a moderate CAGR of 3.2% over the forecast period 2024 to 2034. The market experienced significant growth during the historical period, attributed to the rising demand for convenience foods.

Plastic retort cans gained popularity as a convenient packaging solution for ready to eat meals, soups, sauces, and other shelf stable products. Advancements in plastic manufacturing processes and materials also led to the development of more durable, heat resistant, as well as cost effective plastic retort cans during the historical period.

Improved manufacturing techniques and material innovations enhanced the performance and sustainability of plastic retort cans, driving their adoption across various industries. The forecast period will experience increased market penetration of plastic retort cans in the healthcare and personal care segments.

The cans offer sterile and tamper evident packaging solutions suitable for pharmaceuticals, medical supplies, and personal care products, fueling market diversification and growth. There is an increasing demand for durable and secure packaging solutions, with the continued growth of e-commerce platforms.

Plastic retort cans with robust packaging attributes, such as tamper resistance and product protection, will witness heightened demand from e-commerce retailers and consumers.

Plastic Retort Can Market Key Drivers

• Increasing disposable income of consumers will create the lucrative opportunities for the market.
• High consumption of packaged foods, driven by urbanization, scale up the demand for plastic retort cans.
• The shift towards shelf stable products, is accelerating the sales of plastic retort cans.
• Expansion of retail channels is a major factor that is paving the way for market growth.

Challenges in the Plastic Retort Can Market

• Regulatory challenges is a major factor that is resulting in the downfall of the market.
• Shift towards sustainable alternatives, is another factor that is causing a reduction in the viability of the market.
• One of the major market restraining factors includes the perception of safety concerns.
• Volatility in raw material prices can be a challenge, showing red signs to the market.

Country-wise Insights

The below table showcases revenues in terms of the top 5 leading countries, spearheaded by India and China. The countries will lead the market through 2034.

Countries	Forecast CAGRs from 2024 to 2034
The United States	1.9%
The United Kingdom	1.5%
China	4.7%
Japan	1.9%
India	6.5%

Advancements in Packaging Technology is Paving the Way for the Market in the United States

The plastic retort can market in the United States will expand at a CAGR of 1.9% through 2034. Ongoing advancements in packaging technology have led to the development of plastic retort cans with improved barrier properties, heat resistance, and durability.

The technological innovations ensure the preservation of food products without compromising on quality, augmenting their adoption in the market. The busy lifestyles of consumers in the country drive the demand for convenient, on the go food options.

Plastic retort cans offer a convenient packaging solution for a wide range of shelf stable foods such as soups, sauces, ready meals, and snacks, catering to the needs of busy consumers seeking quick and easy meal solutions.

Expanding Retail Channels to Ride the Waves in in the United Kingdom

The plastic retort can market in the United Kingdom to expand at a CAGR of 1.5% through 2034. The country has a diverse retail landscape, including supermarkets, convenience stores, online retailers, and specialty shops.

Plastic retort cans with versatile packaging formats and robust packaging attributes are well suited for distribution across various retail channels, driving their adoption and growth in the market. Plastic retort cans are lightweight compared to traditional metal cans, reducing transportation costs and environmental impact.

Advancements in sustainable plastics, such as recyclable and biodegradable materials, make plastic retort cans more environmentally friendly, aligning with consumer preferences for sustainable packaging solutions in the United Kingdom.

Growing Food Industry Heads toward Success in China

Plastic retort can trend in China are taking a turn for the better. A 4.7% CAGR is forecast for the country from 2024 to 2034. China has a rapidly growing food industry, driven by population growth, urbanization, and changing dietary preferences.

Plastic retort cans find applications across a wide range of food products, including traditional Chinese cuisine, ready to eat meals, sauces, and beverages, contributing to market growth in the Chinese food industry.

The Chinese government has implemented policies and regulations to promote food safety and packaging standards. Plastic retort cans that meet regulatory requirements for food contact materials and packaging safety offer manufacturers assurance of product compliance and consumer confidence in the Chinese market.

Regulatory Compliance and Food Safety Raise the Market Expansion in Japan

The plastic retort can market in Japan is poised to expand at a CAGR of 1.9% through 2034. Stringent regulations and standards govern food safety and packaging requirements in Japan.

Plastic retort cans that meet regulatory requirements for food contact materials and packaging safety offer manufacturers assurance of product compliance and consumer confidence in the Japanese market.

Convenience stores play a significant role in the Japanese retail landscape, offering a wide range of packaged food products to consumers. Plastic retort cans with convenient packaging formats and attractive branding appeal to consumers in convenience stores and retail outlets, driving their adoption and growth in the Japanese market.

Diversified Culture of Cuisines to Enhance Prospects in India

The plastic retort can market in India will expand at a CAGR of 6.5% through 2034. The diverse cultural landscape in India includes a wide variety of regional cuisines and ethnic foods.

Plastic retort cans provide a convenient packaging solution for preserving and distributing traditional regional dishes, catering to the preferences of consumers seeking authentic flavors and culinary experiences. The proliferation of quick service restaurants and food delivery services in urban and semi urban areas has increased the demand for packaged food products.

Plastic retort cans offer convenient packaging options for QSRs and food delivery services, allowing for easy storage, transportation, and consumption of ready to eat meals.

Category-wise Insights

The below table highlights how polyethylene terephthalate segment is leading the market in terms of material, and will account for a share of 51.6% in 2024. Based on end use, the food segment is gaining heights and will to account for a share of 34.9% in 2024.

Category	Shares in 2024
Polyethylene Terephthalate	51.6%
Food	34.9%

Polyethylene Terephthalate Segment Witnesses High Demand for Plastic Retort Can

Based on material, the polyethylene terephthalate segment will dominate the plastic retort can market. PET is known for its excellent strength to weight ratio and durability, making it suitable for packaging applications requiring robust and reliable containers.

PET plastic retort cans can withstand the rigors of retort processing, ensuring product integrity and safety throughout the distribution and storage process.

PET offers excellent barrier properties against moisture, oxygen, and other external contaminants, thereby preserving the freshness, flavor, and quality of packaged products. Plastic retort cans made from PET provide effective protection against spoilage, extending the shelf life of food and beverage products.

Food Segment to Hold High Demand for Plastic Retort Can

In terms of end use, the food segment will dominate the plastic retort can market. Plastic retort cans are designed to withstand high temperatures during the retort sterilization process, ensuring the preservation of food products without the need for refrigeration.

The extended shelf life offered by plastic retort cans enhances food safety, reduces food waste, and allows for longer distribution and storage periods, driving their adoption in the food industry.

There is a growing consumer preference for convenient and ready to eat food options, driven by busy lifestyles and urbanization. Plastic retort cans provide a convenient packaging solution for a wide range of shelf stable food products, including soups, sauces, ready meals, and pet foods, catering to the needs of consumers seeking quick and easy meal solutions.

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 Coverage in the Plastic Retort Can Industry Report

• Innovations in Plastic Retort Can Technology
• Sustainable Plastic Retort Can Solutions
• Plastic Packaging Market
• Food Packaging Market
• Flexible Packaging Market
• Rigid Packaging Market
• Beverage Packaging Market
• Ready-to-Eat Meals Market
• Shelf-Stable Foods Market

Report Scope

Attribute	Details
Estimated Market Size in 2024	USD 271.6 million
Projected Market Valuation in 2034	USD 372.1 million
Value-based CAGR 2024 to 2034	3.2%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD Million
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa
Key Market Segments Covered	Material, Capacity, End Use, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, France, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel
Key Companies Profiled	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

Frequently Asked Questions

What is the anticipated value of the Plastic Retort Can market in 2024?

The plastic retort can market is projected to reach a valuation of USD 271.6 million in 2024.

What is the expected CAGR for the Plastic Retort Can market until 2034?

The plastic retort can industry is set to expand by a CAGR of 3.2% through 2034.

How much valuation is projected for the Plastic Retort Can market in 2034?

The plastic retort can market is forecast to reach USD 372.1 million by 2034.

Which country is projected to lead the Plastic Retort Can market?

India is set to be the top performing market, exhibiting a CAGR of 6.5% through 2034.

Which is the dominant material in the Plastic Retort Can domain?

Polyethylene terephthalate segment is preferred, and will account for a share of 51.6% in 2024.