Retail ready packaging has gained paramount importance as an appealing form of packaging for brand owners and retails. This is mainly because retail ready packaging serves as shipping container as well as can be used on store shelves of retail floors. This report, compiled by Fact.MR, provides in-depth analysis of the global retail ready packaging market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
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A new report of Fact.MR projects a steady 5.2% value CAGR for the global retail ready packaging market between the period 2017 and 2026. Sales of retail ready packaging are pegged to surpass 45,000 thousand tons by 2026-end.
Food & Beverage to Remain Leading End-User of Retail Ready Packaging
Based on end-user, food & beverages are anticipated to lead the global market for retail ready packaging, with a market revenue share considerably larger than those of all the other end-user segments combined. Demand for retail ready packaging for use in food & beverages will be driven by growing emphasis on curtailing labor costs by eliminating the product handling requirements associated with stocking of products.
On the basis of product type, die-cut display containers and corrugated cardboard boxes are likely to persist as the largest revenue contributors to the global retail ready packaging market. Demand for these products will be influenced by growth in retail user base along with greater presence of the value-added box types. Sales of die-cut display containers and corrugated cardboard boxes will collectively account for over 55% market revenue share by 2026-end.
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Paper & paperboard is likely to remain sought-after among materials for manufacturing retail ready packaging products. Greater preference for paper & paperboard can mainly be attributed to their easy recyclability and sustainability features. A market revenue share of over 50% has been projected for paper & paperboard during the forecast period.
Key Research Findings from the Report
- Asia-Pacific excluding Japan (APEJ) will remain the most lucrative market for retail ready packaging, in terms of value
- Sales of retail ready packaging solutions for application in alcoholic beverages are poised to exhibit the highest value CAGR through 2026
Key market participants identified by Fact.MR’s report include Smurfit Kappa Group plc, DS Smith plc, Mondi, Amcor Limited, LINPAC Packaging, Caps Cases Ltd., Orora Packaging Australia Pty Ltd., International Paper Company, Creative Corrugated Designs, Inc., and i2i Europe Ltd.
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