Press release
Retail Ready Packaging Market Forecast to 2031 with Key Companies Profile, Supply, Demand and SWOT Analysis
According to a recent report by Allied Market Research, the Retail Ready Packaging Market was valued at $65.1 billion in 2021 and is projected to reach $107.8 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031. Retail ready packaging (RRP) refers to secondary packaging designed for easy identification and efficient storage, display, and sales. It benefits both retailers and brand owners by enhancing storage efficiency, simplifying shelf replenishment, and improving brand visibility.
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Recyclability: The use of paper and paperboard in RRP makes it eco-friendly and easy to recycle, making this feature a major market driver. Lightweight and easy-to-handle designs further enhance the product's usability.
Increasing Demand for Packaged Foods and Beverages: Growth in the fast-moving consumer goods (FMCG) industry and the rising popularity of packaged foods and drinks are fueling market expansion. Creative and functional packaging designs help streamline warehousing, improve store efficiency, and increase sales.
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Retail ready packaging enhances the shelf life of delicate products and provides a convenient shopping experience through clear product identification. These factors are driving the adoption of ready-to-sell packaging in the retail industry.
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Despite its advantages, the market faces challenges such as inconsistent packaging processes and variability in quality requirements for different product types. Standardized packaging procedures may reduce product quality and shelf life, hindering market growth.
Impact of COVID-19
The COVID-19 pandemic disrupted global supply chains and halted manufacturing and logistics activities, temporarily affecting market growth. However, as restrictions ease and business operations resume, the market is expected to recover.
Full Report With TOC: https://www.alliedmarketresearch.com/retail-ready-packaging-market-A08094
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E-commerce Expansion: The growing penetration of e-commerce and advancements in supply chain logistics are expected to drive demand for RRP. These packages facilitate the transportation of large quantities of goods while ensuring product integrity and identification.
Sustainable Innovations: Innovations like QR code integration for product details and reduced packaging sizes are contributing to eco-friendly practices, creating new opportunities for market growth.
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The global retail ready packaging market is segmented by:
Product Type: Die-cut display containers, corrugated cardboard boxes, shrink-wrapped trays, folding cartons, and others.
Material: Paper & paperboard, plastics, and others.
Application: Food & beverages, pharmaceuticals, personal care & cosmetics, electronics, and others.
Region: North America, Europe, Asia-Pacific, and LAMEA.
Regional Insights
Asia-Pacific is anticipated to dominate the market throughout the forecast period, driven by increasing demand for retail-ready solutions in food and beverage sectors.
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Key players in the market include:
DS Smith
Georgia-Pacific LLC
Green Bay Packaging Inc.
International Paper
Mondi
Smurfit Kappa
The Cardboard Box Company
Vanguard Packaging, LLC
Weedon Group Ltd.
WestRock Company
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The corrugated cardboard boxes segment was the largest revenue contributor in 2021.
The plastic segment generated the highest revenue by material in 2021.
The food & beverage sector dominated the application segment in 2021.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the report
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