Retail Ready Packaging Market Size
Store-ready packaging With the growing food and beverage sector all around, market size was valued USD 62.9 billion in 2021 and is expected to show 4.8% CAGR from 2022 to 2028. With 4.4% CAGR during the projected period, the market is expected to reach 49,488.8 kilo tons in terms of volume.
A secondary packaging meant to maximize stock is retail ready packaging (RRP), sometimes known as shelf packaging. These shelf ready goods offer all the packaging benefits including lightweight, quick handling, and effective replenishment. RRP items are often recyclable and support efficient brand advertising; consequently, they are rather popular worldwide.
Food and consumer products sectors depend critically on retail ready packaging as a packaging choice. These packaging systems mostly benefit from their eye appeal and help to cut the time required to put up displays or unload goods. In corrugated applications, the appearance of ink on the final output is strongly influenced by substrate. Usually laminating or pre-printing on the outer layer or liner, most corrugated boards are flexo printed either straight on the final board or indirectly.
The flaws running through the corrugation process directly affect the printing quality of corrugated boxes. It is expected that the capacity to show successful brand promotion techniques would help to increase the demand for the product all through the evaluation time. One of the biggest consumers of RRP items, food and drink will drive retail ready packaging market income by end of 2028.
| Report Attribute | Details |
|---|---|
| Base Year | 2021 |
| Retail Ready Packaging Market Size in 2021 | 62.94 billion (USD) |
| Forecast Period | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR | 4.8% |
| 2028 Value Projection | 87.03 billion (USD) |
| Historical Data for | 2018 to 2021 |
| No. of Pages | 400 |
| Tables, Charts & Figures | 794 |
| Segments covered | Polymer, packaging, advance material |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
From manufacturer to the last user in the retail trade, packaging serves many different important purposes in the whole supply chain. Containing and safeguarding the goods during logistics is mostly important. Attracting consumers' attention and building a good impression that will lead to retail ready packaging market sales in a very competitive environment helps to further the secondary function of promoting the goods.
Retail Ready Packaging Market Analysis
Growing need for sustainable packaging worldwide will cause the segment on paperboards to create demand of about 35 million tons by 2028. Highly ideal for product packaging since the paper and cardboard are recyclable and follow different packaging guidelines. Cost-effective substitutes of plastics with similar qualities are paper and paperboards. An additional crucial component in the sector is plastic. Polyethylene is expected among the several plastic segments to have the largest revenue increases over the evaluation period.
Imagine cardboard boxes somewhat more robust and flexible than the typical box. Right now, the packaging scene revolves mostly on these corrugated boxes. For food, beverages, medications, gadgets, and even cosmetics, they provide the ideal packing solution. That's so because they cushion and shield whatever's within and can quite easily tolerate bumps and knocks. But that's not all! These boxes really draw folks in as well. On store shelves, they are readily seen and will help your products stand out from the others. Particularly in Asia, the demand for these corrugated boxes is currently skyrocketing. This is driving the market for ready-made, straight-to-store shelf packaging to be even more expansive. Thus, corrugated boxes are the best option if you want to present your goods in an attractive and protective manner.
With the rising need for processed food in the emerging areas, the food application segment rules the retail ready packaging market and will earn over USD 35 billion by 2028. RRP goods are recyclable, so they fit different food packaging rules all around. Regarding manufacturers, these packaging items are perfect for the cutthroat food and beverage industry since they enable efficient brand advertising at a rather reduced cost.
The other applications segment includes electronics, homecare products, and tobacco is anticipated to exhibit a CAGR of over 3.5% through 2028. The growing per capita income in the developing regions has resulted in the increase of electronic sales, in turn, boosting the overall retail ready packaging industry during the forecast period.
One of the main revenue sources, Asia Pacific will have a market share of more than 40% by 2028 thanks to the expanding retail industry in China and India. Projected to have significant impact on the whole Asia Pacific packaging market are the pushing investments in food, drinks, cosmetics, and drugs.
With a sales share of about 9%, the Middle East retail ready packaging sector The growing retail sector in the area along with growing demand for packaged food is expected to increase the production demand all through the projection period.
Retail Ready Packaging Market Share
In October 2018, Smurfit Kappa acquired Belgrade Paper Factory, one of the oldest paper-mills in Serbia and Avala Ada, a shipping & commercial packaging products manufacturer in Europe. This move is in line with the company’s strategy to expand its footprint in the Southeast European region.
The major players in the retail ready packaging industry include
- Refresco Group
- SIG Combibloc GmbH
- Weedon PSC Ltd.
- BillerudKorsnäs AB
- WestRock Company
- Georgia-Pacific LLC
- International Paper Company
- Smurfit Kappa Group
- Amcor
- Clearwater Paper Corporation
- Linpac
- Packaging Corporation of America
- DS Smith
- Huhtamaki Group
The retail ready packaging market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2022 to 2028 for the following segments
By Product
- Die cut display boxes
- Corrugated boxes
- Shrink wrapped trays
- Folding cartons
- Others
By Material
- Paper & paperboard
- Plastic
- PE
- PETE
- Others
By Application
- Food
- Dairy products
- Fruits & vegetables
- Meat & poultry
- Beverage
- Cosmetics & personal care
- Pharmaceuticals
- Others
The above information is provided on a regional and country basis for the following
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy