Coronavirus Pushes Retail Ready Packaging Market to Scale-up its Growth Prospects

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Retail Ready Packaging Market.

Retail Ready Packaging Market Highlights

Market Research Future has recently published new research that provides detailed insights on the working dynamics of the global Retail Ready Packaging market 2020 over impact analysis on COVID-19. The retail ready packaging market size was valued at USD 69.5 billion in 2021 and is expected to reach USD 94.2 billion by 2030, at a CAGR of 4.8% over the forecast period 2022 - 2030.

The study offers in-depth information about the key market segments, vendor landscape, geographical outlook, factors driving, and inhibiting growth along with COVID-19 impact Analysis with the report.

Top Grossing Factors

Retail ready packaging the rising trend among consumer goods brands as it is increasingly becoming a prerequisite for mainly brick-and-mortar retailers. Also known as shelf-ready packaging, retail-ready packaging refers to packaging that arrives at a retailer in a self-contained unit. The market of retail ready packaging is on the expansion due to many influencing factors such as rapidly expanding mass retails and club stores along with the launch of smaller-format locations. These insights are expected to drive the demand for the retail-ready packaging market (RRP) to the next level, as the stores mentioned above carry a limited product selection than its traditional counterparts. These stores can benefit from the ability of retail ready packaging to speed up stock and increase shelf-space efficiency.

The demand in the global retail ready packaging market has been rising on the basis of advancements in the overall retail industry, finds Market Research Future (MRFR). The study further focuses that the competitive dynamics of the global retail ready packaging market have been changing in recent past years. This factor has produced fresh opportunities for some of the leading stakeholders of the market. Likewise, the prominent market players in the global retail ready packaging market have been focusing on developing flexible and durable packaging materials. This activity is being done to win confidence of the retailers and increase the profit margin that leads to the market’s growth for the future. The retail-ready packaging market is thus projected to witness new competitive strategies in the years to come, where it would also be interesting to see high investments from the leading vendors’ side. With this, in the global retail ready packaging market, there would be a heavy inflow of newbie players in the forecast period.

Furthermore, the market vendors at the global level in the retail-ready packaging market are on a quest to expand their geographical reach incessantly. This strategy can also bring new opportunities for local vendors to tie up with the global players in the retail ready packaging market. On analysis of this, the acquisition of small and defunct players in the global retail ready packaging market is also a projected trend that would benefit the market with its growth pattern. Some renowned players such as Weedon Group, Mondi, International Paper Company, Orora Packaging Australia Pty Ltd, Smurfit Kappa Group plc, LINPAC Packaging, and Caps Cases Limited are taking significant steps in merging and funding and resulting in making retail ready packaging market’s high revenue through the forecast period.

Segmentation of Market

The global retail ready packaging market has further been segmented along the following lines:

In terms of the material segment: Comprises of plastics and paper & paperboard and others.

In terms of type segment: Comprises of shrink-wrapped trays, modified cases, die-cut display containers, plastic containers, and others.

In terms of the end-user segment: Comprises of beverage, food, household product, and others.

Region-Wise Analysis

North America’s sturdy financial position allows it to invest in advanced solutions and technologies required in retail-ready packaging. These advantages have provided many organizations in the region a competitive edge in the retail-ready packaging market. Also, the region has the incidence of several foremost packaging vendors, such as International Paper Company, Georgia-Pacific LLC, and WestRock Company. Hence, there is an intense competition among players operating in the retail-ready packaging market in the region, thus, has resulted in strong growth of the retail-ready packaging for the forecast period.

Europe has emerged as the largest as well as the fastest-growing market for retail-ready packaging spurred by high awareness on environment protection. The existence of a consumer-centric economy has resulted in a strong preference for retail ready packaged products. Besides, the growth of the baking industry also resonates growth in the Europe retail ready packaging market.

Asia Pacific market for retail-ready packaging is also expected to exhibit a fast-track growth rate over the estimated period owing to the expansion of the retail consumer base and development of established retail chains in the region. In fact, substantial growth of the food & beverage industry has also been a significant factor for the market’s expansion.

Top Giant Players

The review is based on MRFR’s report, Georgia-Pacific LLC. (The US), DS Smith PLC (The UK), Vanguard Companies (The US), Green Bay Packaging Incorporated (The US), International Paper Company (The US), The Cardboard Box Company (The UK), Weedon Group (The UK), Smurfit Kappa Group (Dublin), and WestRock Company (The US) are the major players.Read More Article Details - retail ready packaging market