Retail Ready Packaging Market Global Outlook on Key Growth Trends, Factors

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.

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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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Retail Ready Packaging Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

DS Smith plc, LINPAC Packaging, Weedon Group, Smurfit Kappa Group plc, Mondi, Caps Cases Limited, Amcor Limited, International Paper Company, Orora Packaging Australia Pty Ltd, and Creative Corrugated Designs, Inc. are to name a few prominent players in the global retail ready packaging market.

In order to steal a march over their competitors in the global retail ready packaging market, players are focusing on improving their product portfolios. To that end they are pouring money into research and development.

 

A report by Transparency Market Research uncovers that the global retail ready packaging market will rise at a tepid pace in the next couple of year. According to the report, the market will likely clock a 4.3% CAGR during the period between 2017 and 2025 to attain a value of US$84.46 bn by 2025 from US$60.52 bn in 2017.

The global retail ready packaging market can be segmented based on various parameters. Depending upon the type of material for example, it can be segmented into plastics, and paper and paperboard, among others. Of them, the segment of paper and paperboard is expected to grow at a healthy clip because of the recyclability and sustainability features of paper materials.

Geography-wise, the key segments of the global retail ready packaging market are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific, of them, is predicted to register maximum growth in the upcoming years because of the formalization in retail supply chain in developing nations of Asia Pacific, namely China and India. The market in Asia Pacific is predicted to register a CAGR of 8.5% from 2017 to 2025.

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Market Boosted by Retailers Preference for Shelf-ready-packaging

Retail ready packaging market is witnessing a worldwide growth with retailers expending money on it. This is because retailers, mostly big ones, have realized the importance of shelf-ready-packaging that be placed right on to the shelf without the need for unpacking or repacking. “Packaging is responsible for valuable business with benefits such as better on shelf availability through reduced waste and better stock replacement, which is likely to drive the retail ready packaging market,” explains the lead analyst of the TMR report.

Lack of Industry Standardization Negatively Impacts Market

In addition, desire for brand retention and easy recyclability of the products are also working in favor of the global retail ready packaging market. Posing a challenge to the market, on the other hand, is the absence of industry standardization and additional supply chain costs incurred by suppliers.

Helping to overcome the challenge is the burgeoning food and beverages sector and the fast moving consumer goods sector (FMCG). They have been consistently serving to up demand in global retail ready packaging market.

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