Overview and Scope
Retail-ready packaging refers to self-contained secondary packaging of a product in such a way that it is shipped to a retailer in a way that is best for effective stocking and selling, and it is commonly used for stocking and displaying at big box or club stores. Retail-ready packaging is used to improve the supply chain that generates sales at the point of purchase.
Sizing and Forecast
The retail ready packaging market size has grown strongly in recent years. It will grow from $82.42 billion in 2023 to $88.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to efficiency in shelf restocking, enhanced brand visibility, reduction in packaging waste, cost savings in supply chain, minimization of in-store labor.
The retail ready packaging market size is expected to see strong growth in the next few years. It will grow to $121.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to continued focus on efficiency, e-commerce packaging requirements, customization for brand differentiation, environmental considerations, integration with automation. Major trends in the forecast period include focus on reduced packaging waste, integration of smart packaging technologies, e-commerce-friendly packaging solutions, popularity of stand-up pouches and flexible packaging, innovations in shelf-ready packaging designs.
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Segmentation & Regional Insights
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
North America was the largest region in the retail ready packaging market in 2023. 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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Major Driver Impacting Market Growth
The rapid expansion of the retail sector is contributing to the growth of the retail-ready packaging market going forward. The retail sector refers to businesses that sell goods through stores, on the internet, or to the public in small quantities. Retail-ready packaging is helpful for the retail sector by reducing labor expenditures, providing customers with a more efficient shopping experience, and encouraging impulsive purchases. For instance, according to the retailer’s association of India (RAI), the retail industry achieved 93% of pre-COVID sales in February 2021, and the sale of consumer durables has increased by 15%. Therefore, the rapid expansion of the retail sector is driving the growth of the retail-ready packaging market.
Key Industry Players
Major companies operating in the retail ready packaging market report are 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.
The retail ready packaging market report table of contents includes:
1. Executive Summary
- Retail Ready Packaging Market Characteristics
- Retail Ready Packaging Market Trends And Strategies
- Retail Ready Packaging Market – Macro Economic Scenario
- Global Retail Ready Packaging Market Size and Growth
.
32. Global Retail Ready Packaging Market Competitive Benchmarking
- Global Retail Ready Packaging Market Competitive Dashboard
- Key Mergers And Acquisitions In The Retail Ready Packaging Market
- Retail Ready Packaging Market Future Outlook and Potential Analysis
- Appendix
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