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  • Retail Ready Packaging Market Growth Analysis | 2023-2028

    Retail Ready Packaging Market Growth Analysis | 2023-2028

    Retail Ready Packaging Market Growth Analysis | 2023-2028
    Report code - SRCG160 Delivery - 2 Weeks
    Retail Ready Packaging Market Size, Share, Dynamics, Forecast, & Growth Analysis &ndas See more...

    Market Insights

    The retail ready packaging market was estimated at USD 65.96 billion in 2022 and is likely to grow at a CAGR of 4.7% during 2023-2028 to reach USD 87.09 billion in 2028.

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    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.

    Retail Ready Packaging Market Highlights

    Market Size in 2022

    USD 65.96 billion

    Market Size in 2028

    USD 87.09 billion

    Market Growth (2023-2028)

    4.7% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    Rapid growth in the retail and food & beverages industries is the key demand generator of the market during the forecast period.

    COVID-19 IMPACT

    Covid-19 negatively impacted the retail ready packaging market as the lockdowns and restrictions forced the retail stores to operate at limited capacity.

    Retail-Ready-Packaging-Market-Dynamics

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    Segment Analysis

    By Product Type

    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.

    By Material Type

    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.

    Regional Insights

    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.

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Product Type

    • Die Cast Display Box
    • Corrugated Paper Box
    • Shrink Wrapped Trays
    • Folding Cartons
    • Others

    By Material Type

    • Paper & Paperboards
    • Plastics

    By Industry Type

    • Food
    • Beverages
    • Cosmetics & Personal Care
    • Pharmaceuticals
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Key Players

    Some of the major manufacturers 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

    Report Features

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Retail Ready Packaging Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by product type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances,

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Retail ready packaging is a type of packaging which 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.

    The retail ready packaging market was estimated at USD 65.96 billion in 2022.

    The retail ready packaging market is likely to reach USD 87.09 billion in 2028.

    The retail ready packaging market is expected to witness an impressive growth of 4.7% CAGR in the foreseeable future.

    International Paper Company, Georgia-Pacific LLC, WestRock Company, Amcor plc, Smurfit Kappa Group plc, Weedon Group Ltd, LINPAC Group Limited, Packaging Corporation of America, BillerudKorsns AB, and SIG Combibloc Group AG.

    Asia-pacific is expected to be the leading region of the market.

    The corrugated paper box Segment and paper & paperboard segment are expected to remain the dominant market during the forecast period.

    Rapid growth in the retail and food & beverages industries is the key demand generator of the market during the forecast period.