Press release
Retail Ready Packaging Market 2020 Business Opportunities - Mondi Group, Smurfit Kappa, DS Smith PLC
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The retail-ready packaging market was valued at USD 63.9 billion in 2019 and is expected to reach USD 90.9 billion by 2025, at a CAGR of 4.35% over the forecast period 2020-2025.
Global Biodegradable Paper And Plastics Packaging is 3370 million US$ and it will reach 11200 million US$ in 2025, growing at a CAGR of 16.2% 2019 to 2025
Competitive Landscape:
The retail-ready packaging market is competitive because of the presence of many players running their business in national and international boundaries. The market is mildly concentrated with the presence of major players like- Mondi Group, Smurfit Kappa, DS Smith PLC, International Paper Company, and STI Group, among others.
- June 2019: DS Smith PLC introduced a new line of loop ready packaging. It is intended to be more robust and to be used multiple times before its recycled. They are designed to deliver a zero-waste option for many retailer's most popular products while maintaining affordability, improving convenience, and closing the loop to ensure a circular life cycle.
- September 2018: Smurfit Kappa announced the launch of its new Shelf Facer technology, featuring in-built merchandising to boost on-shelf presence. Shelf Facer is a shelf-ready pack designed to boost product sales and raise brand awareness in-store.
North America to Hold Significant Share
- North America's strong financial position enables it to invest in advanced solutions and technologies. These advantages have provided organizations in the region a competitive edge in the retail-ready packaging market.
- Moreover, the region has the presence of several major corrugated board packaging vendors, such as International Paper Company (United States), Georgia-Pacific LLC (United States), and WestRock Company (United States). Hence, there is a strong competition among players operating in the retail-ready packaging market in the region.
- The market is also becoming increasingly adopted in the US, evidenced by the recent announcement of a licensing agreement involving two-piece retail-ready packaging between DS Smith and RockTenn
- Furthermore, retailers in this region, such as Walmart, Kroger, and others, are increasingly adopting retail-ready packaging solutions. These stores are establishing guidelines to help standardize and transition their shelves as they adopt new package designs. Walmart, for instance, has published a Retail-Ready Guide to set standards for retail display and shelf packaging for their stores going forward. These guidelines help producers understand the requirement of RRPs and the way they have to be leveraged in stores.
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Influence of the Retail Ready Packaging Market report:
-Comprehensive assessment of all opportunities and risks in the Retail Ready Packaging Market.
-Retail Ready Packaging Market recent innovations and major events.
-A detailed study of business strategies for the growth of the Retail Ready Packaging Market market-leading players.
-Conclusive study about the growth plot of Retail Ready Packaging Market for forthcoming years.
-In-depth understanding of Retail Ready Packaging Market market-particular drivers, constraints, and major micro markets.
-Favorable impressions inside vital technological and market latest trends striking the Retail Ready Packaging Market.
WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Retail Ready Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
BROWSE RELATED REPORTS:
-Global Paper & Paperboard Packaging Market Professional Survey Report 2019
https://www.marketinsightsreports.com/reports/11011526570/global-paper-paperboard-packaging-market-professional-survey-report-2019/inquiry?Mode=19
-Global (United States, European Union, And China) Biodegradable Paper And Plastics Packaging Market Research Report 2019-2025
https://www.marketinsightsreports.com/reports/08131414726/global-united-states-european-union-and-china-biodegradable-paper-and-plastics-packaging-market-research-report-2019-2025/inquiry?Mode=19
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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