Retail Ready Packaging Market Analysis | 2023-2028

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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Market Dynamics

Introduction

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.

Market Drivers

The major factors driving the growth of the retail ready packaging market are-

Expansion of the Retail Sector - One of the factors driving retail-ready packaging solutions is the growing demand for fast-moving consumer goods (FMCG) in countries like the United States and India. The retail industry is steadily expanding in both the countries. Projections from Kearney Research states that India’s retail sector would expand at a 9% annual rate between 2019-2030, surpassing US$ 1.8 trillion by 2030. Retail ready packaging offers innovative and efficient functional designs that help retailers facilitate effective stocking, improve store efficiency, and reduce labor efforts by allowing products to be placed directly on retail shelves without unpacking inner contents further reducing turnover time for re-stocking and ultimately increasing store sales and profits.

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Rising Demand for Packaged Processed Foods and Beverages The increasing consumption rate of processed foods and beverages (F&B) are key trends that have a positive impact on the retail ready packaging market globally. Backed by the rising population, changing lifestyle and food habits, increasing disposable income and urbanization, etc. the Indian food processing industry is estimated to cross USD 1,274 billion in 2027 from ~ USD 866 billion in 2022. Hence, the growth of the F&B industry and fast-food chains is fueling a significant demand for retail-ready packaging solutions.

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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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

Note: The above list does not necessarily include all the top players in the market.

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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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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 retail ready packaging 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 [PETE, PE, and Others]

By Industry Type

• Food [Dairy Products, Fruits & Vegetables, Meat & Poultry]
• Beverages
• Cosmetic & Personal Care
• Pharmaceuticals
• Others

By Region

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

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s retail ready packaging market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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,

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