The global market vendors in the retail ready packaging market are on a quest to continually expand their geographical reach, This strategy can also create new opportunities for local vendors who can tie up with the global players in the global retail ready packaging market.
Moreover, acquisition of small and defunct players in the global retail ready packaging market is also a projected trend. Some of the key players in the global retail ready packaging market are Mondi, Weedon Group, International Paper Company, Orora Packaging Australia Pty Ltd, Amcor Limited, Smurfit Kappa Group plc, LINPAC Packaging, and Caps Cases Limited.
Transparency Market Research (TMR) predicts that the global retail ready packaging market would expand at a steady CAGR of 4.3% over the period between 2017 and 2025. The total value of the global retail ready packaging market is projected to reach US$84,465.6 mn by 2025-end, rising up from a value of US$60,521.1 mn in 2017. On the basis of end-user, retailers of food products have emerged as key consumers of retail ready packaging market.
The sale of several kinds of products through retail channels has played a vital role in the growth of the global retail ready packaging market. Retail ready packaging refers to packaging of goods in such a way that the retailers can directly stock the products on the shelves, post procurement. The utility served by retail ready packaging has played a vital part in the growth of the global market. Moreover, increase in the number of products available on the shelves of retail outlets has also aided market growth.
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