Retail Ready Packaging Market Growth Analysis | 2022-2028

Market Insights

The retail ready packaging market size was estimated at USD 62.82 billion in 2021 and is likely to grow at a CAGR of 4.74% during 2022-2028 to reach USD 87.09 billion in 2028.

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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.

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.

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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 Analysis

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 Scope & 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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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.