Tetra Pak, Sealed Air, and Sonoco Products Company were dominating the Global Retort Packaging Market in 2021

Global Retort Packaging Market is expected to grow with the CAGR of 5.9% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global retort packaging market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global retort packaging market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In February 2022, Tetra Pak invests in four new recycling facilities, enabling global packaging recycling to exceed fifty billion a year. Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for packages in Turkey, Saudi Arabia, Ukraine and Australia. This investment helps in improving the product portfolio and global presence of the company.

Tetra Pak is the dominating player in global retort packaging market. The other key players existing in the market ProAmpac, Coveris, Berry Global Inc., FLAIR Flexible Packaging Corporation, IMPAK CORPORATION, PORTCO PACKAGING, Constantia Flexibles, Mondi, , Clifton Packaging Group Limited, DNP America, LLC., Sonoco Products Company, Amcor plc, Sealed Air, WINPAK LTD., Huhtamaki, LD PACKAGING CO .,LTD, Paharpur 3P, Printpack, and Floeter India Retort Pouches (P) Ltd among others.

Tetra Pak

Tetra Pak was founded in the year 1967 and is headquartered in Pully, Switzerland. The company is engaged in the food processing and packaging solutions. The company has several product categories including Processing, Packaging, and Services of which Packaging is the focused category.

For instance,

  • In February 2022, Tetra Pak invests in four new recycling facilities, enabling global packaging recycling to exceed fifty billion a year. Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for packages in Turkey, Saudi Arabia, Ukraine and Australia. This investment helps in improving the product portfolio and global presence of the company.

The company has wide presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa.

Sealed Air

Sealed Air was founded in the year 1960 and is headquartered in New Jersey, U.S. The company develops products and solutions that focus on food packaging, facility hygiene, and shipping of goods safely. The company has several product categories including Vacuum Skin Packaging, Food Equipment, Bagging and Loading, Barrier Bags, Non-Barrier Bags, Chub Packaging, Dispensing Pouches, Easy-Open, Shrink Bags, Food Packaging Shrink Tunnels of which Vacuum Skin Packaging, Food Equipment, Bagging and Loading, Barrier Bags, Non-Barrier Bags, Chub Packaging, Dispensing Pouches, Easy-Open, Shrink Bags, Food Packaging Shrink Tunnels is the focused category. The company operates in various business segments such as Food, Protective of which Food is the market focused category. The subsidiaries of the company are Cryovac Ltda (Brazil), Cryovac, Inc.(U.S.), Pack Tiger GmbH (U.S.), Sealed Air Uruguay SA (U.S.), Shanklin Corp (U.S.)  and others

For instance,

  • In February 2021, SEE has announced the acquisition of Foxpak Flexibles Ltd. (Foxpak) under SEE Ventures, its initiative for investing in disruptive technologies and business models to accelerate growth. Foxpak has leveraged digital printing capabilities to print directly on its flexible packaging materials to empower their customers’ brands. Their solutions can be quickly scaled up or down to meet the production requirements for customers of any size. This Acquisition will help in strengthen cash flows and earnings. Further expands company’s packaging portfolio.

The company has presence in North America, South America, Europe, Asia-Pacific, Middle East and Africa.

Sonoco Products Company

Sonoco Products Company was founded in the year 1899 and is headquartered in South Carolina, U.S.  The company is provider of a variety of consumer packaging, industrial products. The company has several product categories including Flexible Packaging, Rigid Paper Containers, Rigid Plastic Packaging, Blister Packaging, Ends & Closures, EnviroSense Sustainable Packaging, Metal Packaging of which Flexible Packaging is the market focused category. The company operates in various business segments such as Consumer Packaging, Industrial Paper Packaging, All other of which Consumer Packaging is the market focused category. The subsidiaries of the company are Thermoform Engineered Quality LLC (U.S.), Gunther of America, Inc. (U.S.), Tegrant Corporation (U.S.), Sonoco Trident Ltd. (U.S.), ThermoSafe Brands, Inc. (U.S.) and others.

For instance,

  • In December 2021, Sonoco Acquired Ball Metalpack. Acquisition Complements Sonoco’s Largest Consumer Packaging Franchise. Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America. This Acquisition will help in strengthen cash flows and earnings. Further expands company’s packaging portfolio.

The company has presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa.