Stratview Research has published a new report titled ‘Retail Ready Packaging Market’ to its database. It has segmented the market by Product Type (Die Cast Display Box, Corrugated Paper Box, Shrink Wrapped Trays, Folding Cartons, and Others), by Material Type (Paper & Paperboards, Plastics [PETE, PE, and Others]), by Industry Type (Food [Dairy Products, Fruits & Vegetables, Meat & Poultry], Beverages, Cosmetic & Personal Care, Pharmaceuticals, and Others), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).
The retail ready packaging market size was estimated at USD 62.82 billion in 2021 and is likely to grow at a CAGR of 4.74% during 2022-2028 to reach USD 87.09 billion in 2028.
Rapid growth in the retail and food & beverages industries is the key demand generator of the market during the forecast period.
Covid-19 negatively impacted the retail ready packaging market as the lockdowns and restrictions forced the retail stores to operate at limited capacity.
What is retail ready packaging?
Retail ready packaging is a type of packaging that can be directly put on the shelves for sale and requires minimal work and time to unload goods from the packaging.
Retail ready packaging also referred to as shelf-ready packaging is mainly used for faster-moving consumer goods. It offers effective utilization of space, and optimization of display and storage improving sales and visibility.
Market Segments' Analysis
The market researchers have studied the Retail Ready Packaging Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is a short piece of information -
Based on the product type, the market is segmented as die-cast display boxes, corrugated paper box, shrink wrapped trays, folding cartons, and others. Corrugated paper box is estimated to dominate the market during the forecast period, owing to their various benefits, such as it reduces stocking and labor cost easing handling, and being directly put on the shelves.
Based on the material type, the market is segmented as paper & paperboard, and plastics. Paper & paperboard are expected to remain the dominant material in the market during the forecast period, as it is eco-friendly and more economical than plastics. Paper & paperboard material is widely used to make corrugated boxes, folding cartons, and die-cut containers.
In terms of regions, Asia-Pacific is likely to maintain its dominance in the market during the forecast period, with China and India being the key growth engines of the region’s market. The region is also expected growth at the highest pace over the next five years. India and China are among the largest retail sectors in the world.
Highlights of the report:
The report also highlights the following segments -
- The market structure and forecasts for the coming years.
- Drivers, restraints, opportunities, and current trends of the Retail Ready Packaging Market.
- Historical data and forecast.
- Estimations for the forecast period 2026.
- Developments and trends in the market.
Our market research experts have studied the Retail Ready Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-chain, pricing trends, product preferences, consumer patterns & more. The findings are further validated through primary research with industry experts across the globe.
Key players operating in the global Retail Ready Packaging market are-
- International Paper Company
- Georgia-Pacific LLC
- WestRock Company
- Amcor plc
- Smurfit Kappa Group plc
- Weedon Group Ltd
- LINPAC Group Limited
- Packaging Corporation of America
- BillerudKorsnäs AB
- SIG Combibloc Group AG
Reasons to Invest in this Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.
- Segments include quantitative, qualitative, and value data.
- Regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
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