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Retail Ready Packaging Market Outlook 2032: Projected to Reach US$ 102.2 Billion by 2032, Growing at a CAGR of 2.4% from 2024
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Analyst Viewpoint
The increase in the popularity of die cut display containers is a key factor driving the retail ready packaging market. Die cut boxes are highly versatile and durable, making them a popular choice for packaging. The robust expansion of the retail sector is also contributing to market growth, as RRP offers retailers an easy way to stock and display products while providing manufacturers with a cost-effective solution to preserve their brand image.
Key players in the RRP market are focusing on offering products tailored to fit specific dimensions and investing in R&D for robust structural designs to optimize space utilization, reduce waste, and enhance functionality.
Market Introduction
Retail Ready Packaging (RRP), also known as shelf-ready packaging, is designed to help with stock optimization. It includes case stackers, pallet displays, and counter displays made from paper, plastic, and paperboard. RRP offers benefits such as lightweight handling, effective restocking, and recyclability, making it a crucial packaging choice for the food and consumer goods industries.
Key Drivers
Increase in Popularity of Die Cut Display Containers:
Die cut display containers are widely used in supermarkets and hypermarkets for their reusability and cost-effectiveness.
They help reduce shipping and labor costs and enhance the consumer shopping experience, particularly in small retail stores with limited storage space.
Robust Expansion in Retail Sector:
RRP provides retailers an easy way to stock and display products while helping manufacturers maintain their brand image.
The retail sector's growth, particularly post-COVID-19, is driving the focus on reducing material wastage and increasing RRP demand.
Regional Outlook
North America
North America held the largest share of the retail ready packaging market in 2023, driven by the expansion of the retail sector. The National Retail Federation reported that retail sales in the U.S. were expected to reach US$ 5.23 trillion in 2023, up from US$ 5.13 trillion in 2022. Major retailers like Walmart and Kroger are increasingly adopting RRP solutions.
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Key Players
Key players in the global retail ready packaging market are focused on developing personalized products for targeted marketing and offering innovative designs for brand visibility. Notable companies include:
DS Smith plc
Smurfit Kappa Group
International Packaging Corporation
WestRock Company
Menasha Packaging Company, LLC
Klöckner Pentaplast Group
Georgia-Pacific LLC
Pratt Industries Inc.
McLean Packaging Corporation
Fencor Packaging Group Limited
Notable Developments
2022: Smurfit Kappa UK Limited acquired Atlas Packaging, a corrugated packaging provider.
2022: Stora Enso launched AvantForte WhiteTop, a 100% virgin fiber-based kraftliner for premium segments like fresh food, e-commerce, and shelf-ready packaging.
Market Segmentation
By Product Type
Die Cut Display Containers
Corrugated Cardboard Boxes
Shrink-wrapped Trays
Plastic Containers
Folding Cartons
Modified Cases
Others (Promotional Bins, etc.)
By Material Type
Paper & Paperboard
Plastics
Others (Metals, Fiberboard, Glass, etc.)
By Application
Food
Dairy Products
Fruits & Vegetables
Pet Food
Baby Food
Confectionery
Meat, Poultry & Seafood
Others
Beverages
Alcoholic Beverages
Non-alcoholic Beverages
Health & Beauty Products
Household Products
Electronics
Flowers
Others (Gifts, Flowers, Fashion Items, etc.)
Regions Covered
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Countries Covered
U.S.
Canada
Brazil
Mexico
Germany
Spain
Italy
France
U.K.
BENELUX
Russia
China
India
ASEAN
Australia and New Zealand
Japan
North Africa
South Africa
GCC Countries
Market Snapshot
Market Size in 2023: US$ 81.4 Bn
Market Forecast (Value) in 2032: US$ 102.2 Bn
Growth Rate (CAGR): 2.4%
Forecast Period: 2024-2032
Historical Data Available for: 2019-2023
Quantitative Units: US$ Bn for Value and Tons for Volume
Market Analysis
The analysis includes segment analysis, regional-level analysis, and qualitative analysis such as drivers, restraints, opportunities, key trends, Porter's Five Forces Analysis, value chain analysis, and key trend analysis.
Competition Landscape
The competition landscape includes market share analysis by company (2023) and company profiles with an overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy, recent developments, and key financials.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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