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Driving Retail Ready Packaging Market Growth in 2025: The Role of Retail Sector Expansion Fuels Surge In Retail-Ready Packaging Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Retail Ready Packaging Industry Market Size Be by 2025?
In recent times, the market size for retail ready packaging has seen significant growth. The market, amounting to $87.73 billion in 2024, is expected to rise to $93.97 billion in 2025, translating to a compound annual growth rate (CAGR) of 7.1%. This exponential growth during the historic period can be ascribed to factors such as improved efficiency in restocking shelves, heightened brand visibility, curtailed packaging waste, cost reduction in supply chain, and lessening in-store labor costs.
What's the Long-Term Growth Forecast for the Retail Ready Packaging Market Size Through 2029?
The market size for retail ready packaging is projected to experience robust growth in the forthcoming years, with it expected to reach $134.97 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 9.5%. Several factors contributing to this growth during the forecast period include continued emphasis on efficiency, requirements for e-commerce packaging, bespoke adjustments for brand distinction, environmental factors, and integration with automation. The upcoming period's major trends will focus on the reduction of packaging waste, implementation of smart packaging technology, solutions that cater to e-commerce packaging, the rise in popularity of stand-up pouches and flexible packaging, along with innovative designs in shelf-ready packaging.
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What Are the Key Growth Drivers Fueling the Retail Ready Packaging Market Expansion?
The retail sector's swift enlargement is significantly influencing the progress of the retail-ready packaging market. The retail industry encompasses ventures that offer products in small quantities via physical stores, online, or directly to the general public. This bodes well for the retail industry, as retail-ready packaging lessens labour costs, enhances consumer shopping efficiency, and promotes impulse buying. For example, the United States Census Bureau, an American governmental body, reported in January 2024 that United States retail sales amounted to $6519.8 billion in 2021, and escalated by 8% to touch $7041 billion in 2022. Consequently, the brisk growth of the retail sector propels the expansion of the retail-ready packaging market.
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What Are the Key Trends Driving Retail Ready Packaging Market Growth?
The trend of introducing new products has gained significant traction in the retail-ready packaging market. To secure their market standing, firms active in this sector are pioneering advanced products. For instance, Australia's packaging company, Amcor PLC, unveiled its high-shield laminate packaging in April 2022. This new packaging solution delivers a dual benefit - it not only fulfills industry-standard performance and high-barrier requirements but also offers an eco-friendly, lower-carbon, recyclable packaging option. The new High Shield packaging materials, which are available in both paper-based and polyolefin-based format, encompass more sustainable pharmaceutical sachet, stick pack, and strip pack packaging. This innovative material design facilitates recyclability in line with local needs, thus aiding pharmaceutical companies in distinguishing themselves in the market.
How Is the Retail Ready Packaging Market Segmented?
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
Subsegments:
1) By Die Cut Display Boxes: Shelf-Ready Boxes, Display Trays
2) By Corrugated Boxes: Single-Wall Boxes, Double-Wall Boxes, Triple-Wall Boxes
3) By Shrink Wrapped Trays: Plastic Trays, Cardboard Trays
4) By Folding Cartons: Regular Slotted Cartons (RSC), Half Slotted Cartons, Full Overlap Cartons
5) By Other Products: Clamshell Packaging, Pouches, Blister Packaging
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Which Companies Are Leading the Charge in Retail Ready Packaging Market Innovation?
Major companies operating in the retail ready packaging market include 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.
Which Regions Are Leading the Global Retail Ready Packaging Market in Revenue?
North America was the largest region in the retail ready packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail ready packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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