The retail ready packaging market is expected to develop at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2032, from an estimated USD 66.4 billion in 2022 to over USD 121.5 billion by that time.

In 2021, the retail ready packaging market held a valuation of approximately 7% of the worldwide packaging sector. It is anticipated to grow as a result of increased consumer expenditure on sustainable retail ready packaging.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=497

Retail Ready Packaging Attractive for Displaying Brands as Value-added Specialty

As a secondary packaging option for retailers, retail ready packaging, or RRP, is becoming increasingly important. This is primarily because RRP eliminates the need for inner packing by allowing products to be placed straight onto shop shelves or sold on the floor after arrival. Retail ready packaging has many advantages over standard retail packaging in terms of labor expenses, stock handling, and product visibility. This kind of packaging has shown to be desirable for showcasing brands as value-added speciality items and appealing to brand owners and retailers who utilize it as the shipping container. It also stays on shop shelves and supports marketing campaigns.

The growth of mass merchants and club stores, as well as the explosive growth in food and beverage sales at non-traditional outlets like dollar and pharmacy stores, will further support the demand for RRP. The rise of the retail ready packaging market globally has been primarily driven by the emergence of deep discount grocery shops and club stores. These retailers sell goods straight out of secondary packaging, meaning that their suppliers must ship goods in a variety of retail-ready packaging options. Retail ready packaging solutions are becoming increasingly popular across a range of industries because they facilitate efficient and quick product escalation through the supply chain while also facilitating optimal product storage. The crucial role that RRP plays in strengthening brand recognition and product identification only serves to increase demand for the product.

Region-wise Insights

In terms of overall retail-ready packaging sales in 2021, the North American market dominated. It made for over 25% of the retail ready packaging market valuation overall and is expected to expand at a 7.1% CAGR over the 2022–2032 projection period.

Furthermore, the existence of numerous significant corrugated board packaging suppliers in this area, including Georgia-Pacific LLC, International Paper Company, and West-Rock Company in the US, offers incredibly profitable market conditions for US-based retail ready packaging manufacturers with robust supply chains. As a result, the US retail ready packaging market is anticipated to develop at a compound annual growth rate (CAGR) of 7.6% during the following ten years, with a market capitalization of USD 19.7 billion by the end of 2032.

Category-wise Insights

Food and beverage is expected to be the largest end-user category in the global retail ready packaging market, accounting for 27% of revenue, which is much more than the total revenue of all other end-user categories. The increasing focus on reducing labor costs by doing away with the product handling requirements connected with product stocking will fuel the need for retail-ready packaging for usage in food and beverages. As a result, this subsegment is anticipated to increase at a 7.3% CAGR from 2022 to 2032, giving rise to 340 BPS by the end of 2032.

Competitive Landscape

Due to the presence of several local and regional companies, the worldwide retail ready packaging industry is extremely fragmented and competitive. Key players use a range of marketing techniques, including partnerships, expansions, mergers & acquisitions, and collaborations.

Leading organizations also use new product creation as a strategic technique to improve their market position among consumers. These tactics have led to the addition of attractive retail-ready packaging with improved variations and functionality.

True.In the recently released research, MR has offered comprehensive details regarding the pricing points of leading retail ready packaging manufacturers positioned geographically, sales growth, production capacity, and speculative technical progress.

For instance:

  • In 2019 June, DS Smith PLC launched more sustainable, robust and zero-waste ready packaging to provide more convenient and affordable product type.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=497

Global Retail Ready Packaging Market by Category

  • By Material Type :
    • Polyethylene Terephthalate (PET, PETE, PETG or polyester)
    • High Density Polyethylene (HDPE)
    • Polyvinyl Chloride (PVC)
    • Low Density Polyethylene (LDPE)
    • Polypropylene (PP)
    • Polystyrene (PS)
    • Paper & Paperboard
    • Others
  • By Product Type :
    • Die-cut Display Containers
    • Corrugated cardboard boxes
    • Shrink-wrapped trays
    • Plastic Containers
    • Folding Cartons
    • Modified Cases
    • Other Products
  • By Application :
    • Dairy Products
    • Fruits & Vegetables
    • Pet Food
    • Baby Food
    • Meat, Poultry, & Seafood
    • Alcoholic Beverages
    • Electronics
    • Non-alcoholic Beverages
    • Health & Beauty Products
    • Household Products
  • By End User :
    • Food & Beverages
    • Cosmetics & Personal Care
    • Pharmaceuticals
    • Printing & Stationary
    • Electrical & Electronics
    • Other Industries
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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