The global retail ready packaging market size reached US$ 75.8 billion in 2023. The market is projected to reach US$ 111.1 billion by 2032, exhibiting a growth rate (CAGR) of 4.35% during 2023-2032. The increasing requirement for convenient shipping and packaging materials, rising sales of consumer electronics and the expanding product application in the pharmaceutical sector represent some of the key factors driving the market.
Retail ready packaging (RRP), also known as shelf-ready packaging, is a secondary packaging solution that aids in optimizing stock. It includes pallet displays, case stackers, and counter displays, which are commonly manufactured using plastic, paper, and paperboards. It is lightweight, appealing to the eyes, and reduces the time needed to unpack products and set up displays. It offers numerous other advantages, such as easy handling and replenishment, and helps in effective brand promotion, improving product identification and shelf-life, and protecting the packed fragile items from mechanical stress while transporting them from one place to another. Besides this, it aids in reducing packaging waste, eliminating the need for external secondary packaging materials, and minimizing labor and overall operation costs. At present, it is extensively used in the food and beverage (F&B) industry across the globe to keep moisture away and retain the aroma and flavor of packed items for a long time.
Retail ready packaging (RRP), also known as shelf-ready packaging, is a secondary packaging solution that aids in optimizing stock. It includes pallet displays, case stackers, and counter displays, which are commonly manufactured using plastic, paper, and paperboards. It is lightweight, appealing to the eyes, and reduces the time needed to unpack products and set up displays. It offers numerous other advantages, such as easy handling and replenishment, and helps in effective brand promotion, improving product identification and shelf-life, and protecting the packed fragile items from mechanical stress while transporting them from one place to another. Besides this, it aids in reducing packaging waste, eliminating the need for external secondary packaging materials, and minimizing labor and overall operation costs. At present, it is extensively used in the food and beverage (F&B) industry across the globe to keep moisture away and retain the aroma and flavor of packed items for a long time.
Retail Ready Packaging Market Trends
The growing working population and the escalating demand for processed foods and beverages around the world are among the major factors currently positively influencing the market. In addition, considerable growth in the food and beverage (F&B) industry, coupled with the expansion of fast-food restaurants, hotels, cloud kitchens, and cafes, is catalyzing the demand for retail ready packaging solutions. Apart from this, rapid urbanization, industrialization, and the expansion of manufacturing units, along with the rising need for convenient shipping and packaging materials across different industry verticals, are contributing to the market growth. Furthermore, the escalating demand for consumer electronics worldwide and the widespread utilization of retail ready packaging materials in the electronics industry to prevent handling and storage damages during transportation is offering a favorable market outlook. Additionally, the growing prevalence of various chronic diseases is resulting in the rising requirement for efficient packaging products in the pharmaceutical industry to cushion and safeguard medicines from unfavorable climatic conditions. This, in turn, is offering lucrative growth opportunities to manufacturers. Moreover, the key players are continuously investing in marketing strategies, such as mergers and acquisitions (M&A), expansions, collaborations, and partnerships with global companies to expand their market reach and consumer base.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global retail ready packaging market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on product type, material, and end user.Product Type Insights:
- Die Cut Display Containers
- Corrugated Cardboard Boxes
- Shrink Wrapped Trays
- Folding Cartons
- Others
Material Insights:
- Plastic
- Paper and Paperboard
- Others
End User Insights:
- Food and Beverage
- Pharmaceuticals
- Electronics
- Personal Care and Cosmetics
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the retail ready packaging market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Caps Cases Ltd, DS Smith PLC, Green Bay Packaging Inc., Kapco Packaging, Mondi plc, Smurfit Kappa Group PLC, STI - Gustav Stabernack GmbH, The Cardboard Box Company, The International Paper Company, Vanguard Packaging, LLC, Weedon Group, WestRock Company, etc.Key Questions Answered in This Report:
- How has the global retail ready packaging market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global retail ready packaging market?
- What are the key regional markets?
- Which countries represent the most attractive retail ready packaging markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global retail ready packaging market?
- Who are the key players/companies in the global retail ready packaging market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Retail Ready Packaging Market
6 Market Breakup by Product Type
7 Market Breakup by Material
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Caps Cases Ltd
- DS Smith PLC
- Green Bay Packaging Inc.
- Kapco Packaging
- Mondi plc
- Smurfit Kappa Group PLC
- STI - Gustav Stabernack GmbH
- The Cardboard Box Company
- The International Paper Company
- Vanguard Packaging LLC
- Weedon Group
- WestRock Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 75.8 Billion |
| Forecasted Market Value ( USD | $ 111.1 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
