The global retail-ready packaging market size will grow by USD 7.97 billion during 2019-2023 at a CAGR of over 4%. The benefits of retail-ready packaging and the use of fiber-based material for packaging are some of the factors expected to drive market growth. This market report provides a detailed analysis of the market by end-users (food, beverages, household products, and other end-users) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including DS Smith, International Paper, Mondi, Smurfit Kappa, and STI Group.

Retail-ready packaging or shelf-ready packaging refers to the packaging of retail products that can be easily transported without any external packaging.

Key Insights from Retail-ready Packaging Market – Global Forecast 2019-2023

Retail-ready Packaging Market

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Non-recyclable materials have adverse effects on the environment which have resulted in the implementation of several national and international environmental protection guidelines. To comply with these guidelines, several companies are opting for sustainable and recyclable packaging materials. Fiber-based materials are the most popular recyclable materials used for manufacturing packaging products such as paper boards and corrugated packaging. These materials are biodegradable, renewable, and reusable and are widely used in food and beverage, construction, and chemical industries. With the increasing number of vendors offering fiber-based material packaging products, the demand for retail-ready packaging produced from such sustainable materials will increase, thereby driving market growth.

Retail-ready packaging (RRP) or shelf-ready packaging (SRP) is used for moving goods from case to shelves in a single attempt, without emptying single units. Features such as robustness, shelf space optimization, and ease of identification and disposal make these solutions popular among end-users. The enhanced visibility of this packaging type results in higher customer satisfaction, which in turn, leads to higher impulse purchase and increased sales. The strength and stability of this packaging also minimize the chances of damage during transit. Such benefits will further enhance the preference for this packaging, which will drive retail ready packaging market growth at a CAGR of over 4% during the forecast period.