Sales of Shelf Ready Packaging will Reflect an Average 4.6% CAGR by 2026

The global sales of retail ready packaging market will reflect an average 4.6% CAGR, in terms of volume, during the forecast period (2017-2026), as slated by a recent Fact.MR report. The report estimates the market to surpass US$ 100,000 in revenues by 2026-end.

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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.

Demand for RRP will further be underpinned by expansion of club stores & mass retailers, and surging food and beverage sales across nontraditional outlets that include drug and dollar stores. The proliferation of deep discount grocery stores as well as club stores has prevailed as the leading driver for growth of the retail ready packaging market globally. These stores sell merchandise from the secondary packaging directly, requiring their vendors to ship products in various solutions of retail ready packaging.

Retail ready packaging solutions have been witnessing widespread acceptance in various industrial sectors, on account of their provision of effective & fast escalation of products through the supply chain, meanwhile enabling the product storage in an efficient manner. Demand for RRP is further bolstered by its indispensable role in improving the product identification and enhancing brand visibility.

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Market Taxonomy

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Material Type

Polyethylene Terephthalate (PET, PETE, PETG or polyester)
High Density Polyethylene (HDPE)
Polyvinyl Chloride (PVC)
Low Density Polyethylene (LDPE)
Polypropylene (PP)
Polystyrene (PS)
Paper & Paperboard

Product Type

Die-cut Display Containers
Corrugated cardboard boxes
Shrink-wrapped trays
Plastic Containers
Folding Cartons
Modified Cases

Application

Dairy Products
Fruits & Vegetables
Pet Food
Baby Food
Meat, Poultry, & Seafood
Alcoholic Beverages
Electronics
Non-alcoholic Beverages
Health & Beauty Products
Household Products

End User

Food & Beverages
Cosmetics & Personal Care
Pharmaceuticals
Printing & Stationary
Electrical & Electronics

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6 Key Takeaways from Fact.MR’s Report on Retail Ready Packaging Market for Forecast Period 2017-2026 (In Terms of Volume)


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.

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.

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.

Among various products available in the market, die-cut display containers are expected to remain the most preferred, trailed by corrugated cardboard boxes. Sales of these two product type segments are collectively forecast to reach roughly 58,000 thousand tons by 2026-end.

Meat, poultry, & seafood, non-alcoholic beverages, and alcoholic beverages are likely to remain leading application segments in the global retail ready packaging market.

Food & beverages will continue to be the dominant end-user of retail ready packaging.

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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.
i2i Europe Ltd.

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This release was published on openPR.