The global retail ready packaging market was valued at $ 65,143.4 million in 2021, and is expected to reach $ 107,812.03million by 2031, with a CAGR of 5.1% from 2022 to 2031. Secondary packaging that shows branding and aids in product identification is referred to as retail ready packaging. Retailers and brand owners gain profit from retail ready packaging, as its design aids in effective and efficient stocking and sales. In addition, it allows merchants to have convenient transportation and shelf restocking, while exhibiting the brand functions as a value-added feature for brand owners.
The fundamental quality of recyclability is the most important market driver. As retail ready packages are majorly prepared of paper and paperboard, they are easy to recycle. The printed designs and elements added to packaging boxes provide value to the product while also promoting the brand. Consumers are interested in utilizing things that are attractive to the eye, thus this is extremely desirable. They're light and easy to handle, with quick refilling, and they make the product more user-friendly.
The growth of the global retail ready packaging market is driven by surge in demand for packaged processed foods and drinks. In addition, the market is expected to exhibit high growth rate with the development of consumer products sector, which mainly consists of perishable goods such as packed foods. Furthermore, the demand for retail ready packaging has increased in fast-moving consumer goods (FMCG) as a result of creative and effective functional designs, which aid retailers in product identification, improve store efficiency, and reduce labor efforts by placing products directly on retail shelves without unpacking inner content and reducing turnover time for re-stocking, resulting in increased sales and profit. Aside from these advantages, retail ready packaging aids in the preservation of fragile and sensitive items. From the standpoint of the consumer, its product identification feature allows a convenient shopping experience, thus driving demand for retail ready packaging in the global market.
However, lack of consistency in the packaging process acts as a key deterrent factor of the global retail ready packaging market. As different types of products are subjected to different types of transportation and wear & tear, variable packaging quality is required. This is attributed to the fact that the use of the same packaging procedure for all items lowers product life and quality, which hampers the market expansion.
On the contrary, consistent innovations in packaging such as QR code scanning for details of product specifications, handbooks, and other information. This minimizes packing size and makes it more environmentally friendly. The global market need for retail ready packaging is further expected to be fueled by rise in penetration of e-commerce platforms as well as developments & automations in supply chains and logistics sector. E-commerce has a significant role in logistics, necessitating the use of retail ready packaging to assist the transit of massive quantities of items. Moreover, retail ready packaging severs as a suitable packaging method for moving large quantities of items, as it allows product identification without compromising the product's quality, integrity, or look. Thus, multiple benefits associated with retail ready packaging are anticipated to open new avenues for the expansion of the global retail-read packaging industry during the forecast period.
The global retail ready packaging market is segmented into product type, material, and application, and region. On the basis of product type, the market is segregated into die cut display containers, corrugated cardboard boxes, shrink wrapped trays, folding cartons, and others. Depending on material, it is fragmented into paper & paperboard, plastics, and others. By application, it is categorized into food & beverages, pharmaceuticals, personal care & cosmetics, electronics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the retail ready packaging market include DS Smith, Georgia-Pacific LLC Green Bay Packaging Inc., International Paper, Mondi, Smurfit Kappa, the Cardboard Box Company, Vanguard Packaging, LLC, Weedon Group Ltd., and WestRock Company. Major companies in the market have adopted business expansion, acquisition, and product launch as their key developmental strategies to offer better products and services to customers in the retail ready packaging market.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the retail ready packaging market forecast.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global retail ready packaging market trends, key players, market segments, application areas, and market growth strategies.
The fundamental quality of recyclability is the most important market driver. As retail ready packages are majorly prepared of paper and paperboard, they are easy to recycle. The printed designs and elements added to packaging boxes provide value to the product while also promoting the brand. Consumers are interested in utilizing things that are attractive to the eye, thus this is extremely desirable. They're light and easy to handle, with quick refilling, and they make the product more user-friendly.
The growth of the global retail ready packaging market is driven by surge in demand for packaged processed foods and drinks. In addition, the market is expected to exhibit high growth rate with the development of consumer products sector, which mainly consists of perishable goods such as packed foods. Furthermore, the demand for retail ready packaging has increased in fast-moving consumer goods (FMCG) as a result of creative and effective functional designs, which aid retailers in product identification, improve store efficiency, and reduce labor efforts by placing products directly on retail shelves without unpacking inner content and reducing turnover time for re-stocking, resulting in increased sales and profit. Aside from these advantages, retail ready packaging aids in the preservation of fragile and sensitive items. From the standpoint of the consumer, its product identification feature allows a convenient shopping experience, thus driving demand for retail ready packaging in the global market.
However, lack of consistency in the packaging process acts as a key deterrent factor of the global retail ready packaging market. As different types of products are subjected to different types of transportation and wear & tear, variable packaging quality is required. This is attributed to the fact that the use of the same packaging procedure for all items lowers product life and quality, which hampers the market expansion.
On the contrary, consistent innovations in packaging such as QR code scanning for details of product specifications, handbooks, and other information. This minimizes packing size and makes it more environmentally friendly. The global market need for retail ready packaging is further expected to be fueled by rise in penetration of e-commerce platforms as well as developments & automations in supply chains and logistics sector. E-commerce has a significant role in logistics, necessitating the use of retail ready packaging to assist the transit of massive quantities of items. Moreover, retail ready packaging severs as a suitable packaging method for moving large quantities of items, as it allows product identification without compromising the product's quality, integrity, or look. Thus, multiple benefits associated with retail ready packaging are anticipated to open new avenues for the expansion of the global retail-read packaging industry during the forecast period.
The global retail ready packaging market is segmented into product type, material, and application, and region. On the basis of product type, the market is segregated into die cut display containers, corrugated cardboard boxes, shrink wrapped trays, folding cartons, and others. Depending on material, it is fragmented into paper & paperboard, plastics, and others. By application, it is categorized into food & beverages, pharmaceuticals, personal care & cosmetics, electronics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the retail ready packaging market include DS Smith, Georgia-Pacific LLC Green Bay Packaging Inc., International Paper, Mondi, Smurfit Kappa, the Cardboard Box Company, Vanguard Packaging, LLC, Weedon Group Ltd., and WestRock Company. Major companies in the market have adopted business expansion, acquisition, and product launch as their key developmental strategies to offer better products and services to customers in the retail ready packaging market.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the retail ready packaging market analysis from 2021 to 2031 to identify the prevailing retail ready packaging market opportunities.The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the retail ready packaging market forecast.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global retail ready packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Die cut display containers
- Corrugated cardboard boxes
- Shrink wrapped trays
- Folding cartons
- Others
By Material
- Plastic
- Paper Paperboard
- Others
By Application
- Food Beverage
- Pharmaceuticals
- Electronics
- Personal Care Cosmetics
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- DS Smith PLC.
- Georgia-Pacific LLC.
- Green Bay Packaging Incorporated
- International Paper Company
- Mondi Group
- Smurfit kappa Group
- The Cardboard Box Company
- Vanguard Companies
- Weedon Group
- WestRock Company.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: RETAIL READY PACKAGING MARKET, BY PRODUCT TYPE
CHAPTER 5: RETAIL READY PACKAGING MARKET, BY MATERIAL
CHAPTER 6: RETAIL READY PACKAGING MARKET, BY APPLICATION
CHAPTER 7: RETAIL READY PACKAGING MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Retail Ready Packaging Market," the retail ready packaging market size was valued at $65.1 billion in 2021, and is estimated to reach $107.8 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031. A retail ready package is a type of secondary package that displays a brand and helps identify the product. Retail ready packages exhibit multiple benefits for retailers and brand owners, for instance, retail ready packages are designed to contribute to effective and efficient storage and sales. Moreover, while presenting the brand as a value-added specialty to brand owners, they provide retailers with easy shelving replenishment and easy transportation.Recyclability, which is its most essential feature, is the most important market driver. This is attributed to the fact that as retail ready packages are mayorly made up of paper and paperboard, they are simple to recycle. The designs and elements added to the box provide value to the product while also promoting the brand. In addition, they are lightweight and easy to handle, with quick refilling, and they make the product more user-friendly.
Rise in demand for packaged processed foods and drinks is likely to drive the expansion of the retail ready packaging market. Moreover, the demand for retail ready packaging is driven by development of the fast moving consumer goods (FMCG) industry. FMCG products have increased the demand for retail ready packaging through creative and effective functional designs. This is an effort for retailers to identify products, promote effective warehousing, improve store efficiency, eliminate internal unpacking content & replenishment time, and place products directly on retail shelves, thus ultimately increasing a store's sales and profits. Furthermore, retail ready packaging helps to improve the shelf life of fragile and delicate products. From the consumer's point of view, the nature of its product identification promotes a convenient shopping experience for consumers, which drives the demand for ready-to-sell packages in the retail ready packaging industry.
However, lack of consistency in the packaging process is impeding the market for retail ready packaging market share. Furthermore, as different types of products are subjected to different types of transportation and wear and tear, variable packaging quality is required. The use of the same packaging procedure for all items lowers product life and quality, thus restraining the retail ready packaging market growth.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the retailready packaging market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
Furthermore, the global market need for retail ready packaging market forecast is expected to be fueled by increase in penetration of e-commerce platforms as well as developments in supply chains and logistics sector. E-commerce has a significant role in logistics, necessitating the use of retail ready packaging to assist the transit of massive quantities of items. Moreover, retail ready packaging serves as an ideal packaging method for moving large quantities of items, as it allows product identification without compromising the product's quality, integrity, or look. Recent packaging innovations include QR code scanning for product specifications, handbooks, and other information. This minimizes packing size and makes it more environmentally friendly. Thus, all these factors collectively are expected to open a plethora for the growth of the retail ready packaging industry during the forecast period.
The global retail ready packaging market is segmented into product type, material, and application, and region. Depending on product type, the market is categorized into die cut display containers, corrugated cardboard boxes, shrink wrapped trays, folding cartons, and others. On the basis of material, it is fragmented into paper & paperboard, plastics, and others. By application, it is differentiated into food & beverages, pharmaceutical, personal care & cosmetics, electronics, and others.
Region wise, the global retail ready packaging market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the retail ready packaging market opportunities include DS Smith, Georgia-Pacific LLC, Green Bay Packaging Inc., International Paper, Mondi, Smurfit Kappa, the Cardboard Box Company, Vanguard Packaging, LLC, Weedon Group Ltd. and WestRock Company.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global retail ready packaging market trends and dynamics.
- Depending on product type, the corrugated cardboard boxes segment was the largest revenue generator in 2021.
- By material, the plastic segment generated the highest revenue in 2021.
- On the basis of application, the food & beverage segment dominated the market in 2021.
- Region wise, Asia-Pacific is anticipated to dominate the global retail ready packaging market throughout the forecast period.
Companies Mentioned
- Ds Smith plc.
- Georgia-Pacific LLC.
- Green Bay Packaging Incorporated
- International Paper Company
- Mondi Group
- Smurfit Kappa Group
- The Cardboard Box Company
- Vanguard Companies
- Weedon Group
- Westrock Company.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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