Retail Ready Packaging Market 2021 Latest Advancements, Trends and Huge Business Opportunities: Mondi Group, Smurfit Kappa, DS Smith PLC, International Paper Company, and STI Group

Retail Ready Packaging Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Retail Ready Packaging market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The retail-ready packaging market was valued at USD 63.9 billion in 2020 and is expected to reach USD 90.9 billion by 2026, at a CAGR of 4.35% over the forecast period 2021 - 2026.  

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Retail Ready Packaging Market: Mondi Group, Smurfit Kappa, DS Smith PLC, International Paper Company, and STI Group, among others. and others.

Industry News and Updates:

- 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 of retailers 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.

Smurfit Kappa launches packaging innovation, the Shelf-Facer

The paper-based packaging giant said rigorous testing and extensive shopper insight data have confirmed the benefits of the product, which pulls products to the front of shelf-ready packaging, improving shelf presentation and allowing brands to take full advantage of in-store marketing opportunities.

The announcement of the Shelf-Facer follows the recent release of Smurfit Kappa’s shopper marketing white paper – “Marketing on the Shelf – exactly how in control are you?” – which found that, despite 76% of purchase decisions being made by shoppers in-store, brands often fail to seize upon the powerful marketing opportunity it represents, particularly at point of purchase and on the shelf.

To meet this challenge, Smurfit Kappa drew on the minds of its 700 designers worldwide. Tasked with creating a solution to maximise shelf visibility, the result was a commercial solution for brands to guarantee their products are as easy as possible to find and buy in store.

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Market Overview:

- Rapidly expanding mass retails and club stores and the launch of smaller-format locations are expected to drive the demand for the retail-ready packaging market (RRP), as these stores carry a limited product selection than their traditional counterparts. These stores can benefit from RRPs ability to speed stock shelves and increase shelf-space efficiency.

- Not only can RRP minimize packaging waste, but it can also reduce operation costs by cutting down on labor. Retailers also prefer RRP because it creates a more efficient shopping experience for consumers and often triggers impulse purchases.

- However, issues related to lack of standardization and additional supply chain costs are estimated to challenge the growth of the retail-ready packaging market.

- In Fast Moving Consumer Goods (FMCG) markets, fragmentation of traditional media channels (such as TV, radio and cinema) and increased awareness on the impact of Point-of-Sale propositions, coupled with multiple retailers and brand owners requirements for RRP, is resulting in the retail store becoming a much more powerful marketing environment. As a result, global demand for decorative corrugate cases is forecast to grow at double the rate for corrugated as a whole.

- According to a PMMI study, almost 28% of consumers reported that they are willing to pay extra for additional conveniences, in terms of packaging. This is expected to further create opportunities for the retail-ready packaging market, in the future.

Die-cut Display Container to Hold Significant Share

- One of the important factors contributing towards the growth of the global die-cut display container market is the rampant evolution in the retail sector. Die-cut display container is considered as a modern retail packaging solution and is expected to develop along with the progression of hypermarket and supermarket.
- Manufacturer and retailers are gaining huge traction towards die cut display container as it help to reduce cost in terms of providing safety to the product due to re-usable feature which essentially drive the growth of the global die cut display container market.
- Adding to this, the increasing disposable income among the middle class income group, face paced lifestyle and increasing consumption of packaged food is expected to drive the growth of the retail ready packaging market which is relatively the high contributing factor towards the growth of the global die cut display container market

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.

Competitive Landscape

The competitive rivalry in the Retail Ready Packaging market is quite high owing to the presence of some key players such as Schott AG, SGA technologies, Kyocera and many more. Their ability to continually innovate their products and services has allowed them to gain a competitive advantage over other players. Through strategic partnerships, mergers & acquisitions and research and development activities the players are able to attain a strong foothold in the market.    

Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Retail Ready Packaging market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Retail Ready Packaging market deployed in the region. While an important piece of the Retail Ready Packaging market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Retail Ready Packaging market: Where are the opportunities? What does the future look like for Retail Ready Packaging? What will be the market size in the next 5 years?
Retail Ready Packaging Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Retail Ready Packaging market?

What are the new revenue channels which companies can explore for growth?       

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Retail Ready Packaging market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

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