The retort packaging market was valued at U.S. $36.21 billion in 2018 and is expected to register a CAGR of 7.11 percent over the forecast period 2019-2024, according to ResearchandMarkets.
The thermal sterilization of low-acid food products has been a prevalent means of preserving food and is the basis of the evolution of retort packaging. The ease and adaptability of the retort packaging technology resulted in rapid growth of the market.