Retail Ready Packaging Market Snapshot
The global retail ready packaging market is expected to catapult to USD 81700 Mn by the end of 2023 from USD 62900 Mn in 2017, asserts Market Research Future (MRFR) in an extensive study. In the same report, the global retail ready packaging market is projected to grow at a CAGR of 4.39% over the forecast period of 2018-2023. Increasing inclination of consumers towards convenient shopping is one of the prime factors boosting the growth of the global retail ready packaging market. Retail-ready packaging solutions range from die-cut containers to shrink-wrapped trays which facilitates shelf-ready inventory in less time.
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They ensure product visibility and easy identification which makes it easy for consumers to navigate. In addition, growing need for streamlining the supply chain process remains another factor which is spurring the growth of the market. Retail-ready packaging solutions being space efficient ensure efficient packing operations and fixes longtime complications in distribution and store shelves. They also aid in getting products on shelves easily and reduce human efforts. This helps to reduce supply chain costs and streamline operations considerably. The growth of the global retail ready packaging market can also be attributed to the fact that some of the global retail leaders are encouraging suppliers to use this type of packaging. The shift towards small-format packages and growth in a number of smaller stores is another factor boosting the growth of ten global retail ready packaging market. Stores which stock limited product selection than their conventional counterpart benefit from individual-sized portions as it helps to increase shelf space efficiency. However, the global retail ready packaging market can face impediments on its growth trajectory in the form of volatile raw material prices. Meanwhile, advancements in the retail-ready packaging technology are expected to provide opportunities for the growth of the global retail ready packaging market.
The global retail ready packaging market has been segmented based on material type, product type, and end-user.
By material type, the global retail ready packaging market has been segmented into paper & paperboard, plastics, and others. The paper and paperboard segment is the leading as well as the fastest growing segment.
Product type wise, the global retail ready packaging market has been segmented die-cut display containers, shrink wrapped trays, modified cases, plastic containers, and others. The die cut display containers segment is the leading as well as the fastest growing segment.
By end-user, the global retail ready packaging market has been segmented into food, beverage, household product, and others. The food segment is the largest as well as the fastest growing segment.
This report on Retail-Ready Packaging Market provides a reliable and unbiased analysis of the market. The report considers the key factors influencing the growth of the market including drivers, restraints, opportunities, and challenges. The market has been studied in detail and categorized by material, type, and end-user. The market segmentation also includes forecasts for the regions of North America, Europe, Asia Pacific, and the Rest of the World and provides a glance of the market at a global as well as regional level. An in-depth profile of key players such as Georgia-Pacific LLC. (The US), Mondi Group (Austria), DS Smith PLC (The UK), Smurfit Kappa Group (Dublin), Weedon Group (The UK), and others are also mentioned in the report.
MRFR's research methodology is based on extensive primary and secondary research methods which provide a comprehensive glance at the market. Primary data collection involves the compilation of first-hand information gathered from industry participants across the value chain. Credible secondary sources such as publically available records and historical data are also taken into consideration to authenticate the primary data. The information acquired through primary and secondary sources are then validated using top-down and bottom-up approach which ensure the sanctity of the information provided.
DS Smith PLC (The UK), Georgia-Pacific LLC. (The US), Green Bay Packaging Incorporated (The US), Vanguard Companies (The US), Mondi Group (Austria), The Cardboard Box Company (The UK), International Paper Company (The US), Smurfit Kappa Group (Dublin), Weedon Group (The UK), WestRock Company (The US).
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Paper & Paperboard
Die-cut Display Containers
Shrink Wrapped Trays
The Rest of the World (RoW)
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