Press release
Retail Ready Packaging Market Report 2024: Size, Share, Growth, Trends, Forecast 2033
As per the report, the retail ready packaging market size has grown strongly in recent years. It will grow from $82.42 billion in 2023 to $88.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The retail ready packaging market size is expected to see strong growth in the next few years. It will grow to $121.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
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Retail Sector Expansion Fuels Surge In Retail-Ready Packaging Market
The rapid expansion of the retail sector is contributing to the growth of the retail-ready packaging market going forward. The retail sector refers to businesses that sell goods through stores, on the internet, or to the public in small quantities. Retail-ready packaging is helpful for the retail sector by reducing labor expenditures, providing customers with a more efficient shopping experience, and encouraging impulsive purchases. For instance, according to the retailer's association of India (RAI), the retail industry achieved 93% of pre-COVID sales in February 2021, and the sale of consumer durables has increased by 15%. Therefore, the rapid expansion of the retail sector is driving the growth of the retail-ready packaging market.
Retail-Ready Packaging Market Driven By Advanced Product Developments For Sustainable Solutions
New product developments have emerged as a key trend gaining popularity in the retail-ready packaging market. Companies operating in the retail-ready packaging sector are developing advanced products to strengthen their position in the market. For instance, in April 2022, Amcor plc, an Australia-based packaging company, launched high-shield laminate packaging. This packaging solution is a new low-carbon, recyclable packaging option that satisfies the industry's high barrier and performance standards on two fronts. These new High Shield packaging options, which offer options in both paper-based and polyolefin-based materials, include more environmentally friendly pharmaceutical sachet, stick pack, and strip pack packaging. The inventive material structure supports pharmaceutical companies' efforts to differentiate themselves on the market by enabling recycle-readiness in accordance with regional demands.
The retail ready packaging market covered in this report is segmented -
1) By Product: Die Cut Display Boxes, Corrugated Boxes, Shrink Wrapped Trays, Folding Cartons, Other Products
2) By Material: Paper and Paperboard, Plastic
3) By Application: Food, Beverage, Cosmetics and Personal Care, Pharmaceuticals
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Major companies operating in the retail ready packaging market report are WestRock Company, International Paper Company, Georgia-Pacific LLC, Amcor plc, Smurfit Kappa Group plc, Mondi plc, Graphic Packaging International LLC, Packaging Corporation of America, DS Smith plc, Huhtamaki Oyj, Orora Ltd., Pratt Industries Inc., SIG Combibloc Group Ltd., BillerudKorsnas AB, Clearwater Paper Corporation, Uflex Ltd., Green Bay Packaging Inc., PaperWorks Industries Inc., Delkor Systems Inc., Vanguard Packaging LLC, Caps Cases Ltd., Rondo Ganahl AG, Weedon Group Ltd., The Cardboard Box Company Ltd., Bennett Packaging Of Kansas City Inc., i2i Europe Ltd., Service Technology International Ltd., Bahmuller GmbH, Packaging Innovations Ltd., Detpak Packaging Philippines Inc., Atlas Packaging Ltd., Belmont Packaging Ltd.
Contents of the report:
1. Executive Summary
2. Retail Ready Packaging Market Report Structure
3. Retail Ready Packaging Market Trends And Strategies
4. Retail Ready Packaging Market - Macro Economic Scenario
5. Retail Ready Packaging Market Size And Growth
…..
27. Retail Ready Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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