Retail Ready Packaging Market is Forecasted to Reach US$ 87.09 Billion in 2028, Says Stratview Research

The global retail ready packaging market is projected to witness a growth rate of 4.7% annually from 2023 to 2028, with an anticipated size of US$ 87.09 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global retail ready packaging market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 87.09 billion
Growth (CAGR): 4.7% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Retail Ready Packaging Market:

The global retail ready packaging market is segmented based on product type, material type, industry type, and region.

Based on product type - The market is segmented as die-cast display boxes, corrugated paper box, shrink wrapped trays, folding cartons, and others. Corrugated paper box is estimated to dominate the market during the forecast period, owing to their various benefits, such as it reduces stocking and labor cost easing handling, and being directly put on the shelves.

Based on material type - The market is segmented as paper & paperboard, and plastics. Paper & paperboard are expected to remain the dominant material in the market during the forecast period, as it is eco-friendly and more economical than plastics. Paper & paperboard material is widely used to make corrugated boxes, folding cartons, and die-cut containers.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1074/retail-ready-packaging-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is likely to maintain its dominance in the market during the forecast period. This growth outlook is majorly attributed to the following-

• China and India being the key growth engines of the region's market.
• The region is also expected growth at the highest pace over the next five years. India and China are among the largest retail sectors in the world.

Retail Ready Packaging Market Drivers:

Some of the key drivers listed in the report are given below.

• Expansion of the Retail Sector - One of the factors driving retail-ready packaging solutions is the growing demand for fast-moving consumer goods (FMCG) in countries like the United States and India. The retail industry is steadily expanding in both the countries. Projections from Kearney Research states that India's retail sector would expand at a 9% annual rate between 2019-2030, surpassing US$ 1.8 trillion by 2030. Retail ready packaging offers innovative and efficient functional designs that help retailers facilitate effective stocking, improve store efficiency, and reduce labor efforts by allowing products to be placed directly on retail shelves without unpacking inner contents further reducing turnover time for re-stocking and ultimately increasing store sales and profits.
• Rising Demand for Packaged Processed Foods and Beverages The increasing consumption rate of processed foods and beverages (F&B) are key trends that have a positive impact on the retail ready packaging market globally. Backed by the rising population, changing lifestyle and food habits, increasing disposable income and urbanization, etc. the Indian food processing industry is estimated to cross USD 1,274 billion in 2027 from ~ USD 866 billion in 2022. Hence, the growth of the F&B industry and fast-food chains is fueling a significant demand for retail-ready packaging solutions.

Top Companies in the Retail Ready Packaging Market:

Stratview Research has identified the following companies as the top market players.
• International Paper Company
• Georgia-Pacific LLC
• WestRock Company
• Amcor plc
• Smurfit Kappa Group plc
• Weedon Group Ltd
• LINPAC Group Limited
• Packaging Corporation of America
• BillerudKorsnäs AB
• SIG Combibloc Group AG

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Retail Ready Packaging Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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• Stone Paper Market: https://www.stratviewresearch.com/2431/Stone-Paper-Market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.