Press release
Overview of Global Retail Ready Packaging Market: Size, Trends, Share and Growth Forecast till 2026
Fact.MR
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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.
Retail Ready Packaging Attractive for Displaying Brands as Value-added Specialty
Retail ready packaging (RRP) is gaining paramount importance as a means of secondary packaging for retailers. This is mainly because RRP enables placing products directly onto the retail shelves or selling floor post-arrival, and deprives unpacking requirements of inner contents. Numerous benefits are offered by retail ready packaging compared to traditional retail packaging apropos to the product visibility, labor costs, and stock handling. This type of packaging, which persists on store shelves and aids marketing efforts, has been attractive for displaying brands as value-added specialty, and appealing to brand owners and retailers who use it as the shipping container.
3 Key Takeaways from Fact.MR’s Report on Retail Ready Packaging Market for Forecast Period 2017-2026 (In Terms of Volume)
1. The most lucrative region for growth of the retail ready packaging market is anticipated to be Asia-Pacific excluding Japan (APEJ) during 2017 to 2026. Sales of retail ready packaging products in APEJ are likely to latch onto over one-third market share through the forecast period.
2. North America and Europe are also expected to persist as major markets for retail ready packaging. In addition, APEJ and North America are likely to exhibit the highest CAGRs in the market through 2026.
3. Based on material type, the largest share of the market is projected to be accounted by paper & paperboard. Additionally, paper & paperboard, polyethylene terephthalate (PET, PETE, PETG or polyester), and high density polyethylene (HDPE) are poised to reflect a parallel sales expansion at a steady CAGR through 2026.
Browse Full Report with TOC- https://www.factmr.com/report/497/retail-ready-packaging-market
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.
Competition Tracking
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.
Request Methodology of the Report- https://www.factmr.com/connectus/sample?flag=RM&rep_id=497
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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