Press release
Retail Ready Packaging Market Opportunity Forecasting Application, Geographical Analysis With Vanguard, Amcor, DS Smith, Smurfit Kappa,International Paper, Mondi Group, Orora, Georgia-Pacific LLC, WestRock Company, PaperWorks Industries, Inc., Weeden & Co
Retail Ready Packaging Market
Retail Ready Packaging Market was valued at an estimated value of USD 64.45 billion in 2018 with the projected rise in value resulting in the growth of the market to USD 91.30 billion by 2026, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projection of growth can be factored to the rise in adoption of the consumers to shop at hypermarkets and supermarkets resulting in these outlets adopting retail ready packaging for easy visibility and ease of use.
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Global retail ready packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of retail ready packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers:
· Eco-friendly nature of the packaging, along with the increase in promotion of the product due to easy visibility and ease in stock management operations is expected to drive the market growth
· Increase in presence of supermarkets and hypermarkets globally is expected to act as a driver for the market growth
Market Restraints:
· Increase in costing of supply chain is expected to act as a restraint to the market growth
· Lack of standardization regarding the usage of materials and product specifications of packaging; the factor is expected to act as a restraint to the market growth
Retail ready packaging is a method of protecting and displaying the contents of the package to the consumer. Through this method, the contents of the package are organised in an easy to carry packaged carry case, this carry case has all of the information regarding the contents easily visible on the outside along with the branding. With the help of the branding and visual appeal, the products are easily identifiable in a market or store. The packaging is easily recyclable and can store a number of products at once; it also has the capability of letting the consumer choose between the whole package or the choice individual products.
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Key Market Competitors: Global Retail Ready Packaging Market
Few of the major competitors currently working in the retail ready packaging market are Mondi, Smurfit Kappa, DS Smith, Weedon Group Ltd, International Paper, Georgia-Pacific, Caps Cases Ltd, Vanguard Companies, PaperWorks Industries Inc, WestRock Company, Amcor Limited and Orora Packaging Australia Pty Ltd.
Segmentation: Global Retail Ready Packaging Market
· By Material
o Paper & Paperboard
o Plastics
o Other Materials
· By Type
o Die-Cut Display Containers
o Shrink Wrapped Trays
o Corrugated Cardboard Boxes
o Modified Cases
o Plastic Containers
o Folding Cartons
o Other Types
· By End-User
o Food
• Fruits & Vegetables
• Dairy Products
• Confectionary
• Meat, Poultry & Seafood
• Pet Food
• Baby Food
o Beverage
o Household Products
o Cosmetics
o Electrical & Electronics
o Other End-Users
· By Geography
o North America
· US
· Canada
· Mexico
o South America
· Brazil
· Argentina
· Rest of South America
o Europe
· Germany
· United Kingdom
· Italy
· France
· Spain
· Russia
· Turkey
· Belgium
· Netherlands
· Switzerland
· Rest of Europe
o Asia Pacific
· Japan
· China
· South Korea
· India
· Australia
· Singapore
· Thailand
· Malaysia
· Indonesia
· Philippines
· Rest of Asia Pacific
o Middle East & Africa
· South Africa
· Egypt
· Saudi Arabia
· United Arab Emirates
· Israel
· Rest of Middle East & Africa
Key Developments in the Market:
· In May 2018, DS Smith announced that they had completed the acquisition of Corrugated Container Corporation. DS Smith has enhanced its paper and paperboard packaging capabilities with this acquisition providing end-use solutions such as retail, ready and display packaging to their customers.
· In January 2018, WestRock Company announced the completion of their acquisition of Plymouth Packaging Inc. With business operations of Plymouth divided into “Box on Demand” and corrugated box packaging, WestRock have enhanced their product offerings.
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