The global retail ready packaging market size was around USD 65.2 Billion in 2021 and is projected to reach USD 107.7 Billion by 2030, expanding at a CAGR of around 5.2% during the forecast period, 2022-2030. The growth of the market is attributed to the increasing demand for retail ready packaging among various industries across the globe.
Retail ready packaging is known as shelf ready packaging as well. Retail ready packaging is considered a packaging solution that helps in transferring products from cases or boxes to shelves easily. This is considered secondary packaging, which makes it easy to place packaged products on the shelves in stores. Products are not taken out of boxes, crates, or cases and are displayed individually.
The cases, boxes, or crates and placed directly on the shelves to reduce extra handling requirements for these products. Such display cases or open boxes are placed on counters and shelves for consumers to shop from. Such packaging solutions help in reducing restocking time, as a high number of products are placed on shelves at once.
There are several types of retail ready packaging such as corrugated cardboard boxes, die-cut display containers, modified cases, shrink-wrapped trays, folding cartons, plastic containers, and others. individual products are placed in these types of packaging solutions, which are then directly placed on shelves. The packaging items are made with various types of materials such as metal plastic, glass, paper, paperboard, and others.
Retail ready packaging solutions are designed in such a way that it needs minimal effort to put products on display. Retail ready packaging consists of clear graphics to help store employees as well as customers to identify a particular product. Names of products and manufacturers are clearly printed on the packaging. It helps in enhancing the consumer experience.
Retail ready packaging solutions need minimal equipment to open, as these types of packaging are perforated or engineered for easy opening. Retail ready packages are designed to disassemble, dispose of, and recycle.
COVID-19 Impact
The global retail ready packaging market was negatively affected during the COVID-19 period. The lockdown, social distancing policies, travel bans, and other pandemic-related restrictions led to the shutting down of several manufacturing units and disruption in the supply chain. The lockdown causes several local retailers and convenience stores to shut down.
Various physical stores did not function at their full capacity during the pandemic. The demand for luxury brands and business-to-business transportation declined during this period. These factors affected the global retail ready packaging negatively. However, the demand for healthcare products, pharmaceuticals, groceries, and other essential products consistently increased during the pandemic period, which boosted the demand for retail ready packaging solutions. The relaxation in the pandemic-related restrictions and policies is anticipated to drive the global retail ready packaging market in the coming years.
Market Dynamics
The global retail ready packaging market research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global retail ready packaging market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.
Major Trends:
Sustainable packaging is one of the current key market trends
Several packaging manufacturers are adopting sustainable packaging solutions to reduce packaging waste. Increasing awareness regarding the negative effects of plastic packaging waste on the environment and the high demand for reusable and easily disposable packaging products among consumers propel packaging companies to invest in sustainable packaging products.
Key Drivers:
Increasing demand for packaged food and beverages drives the global retail ready packaging market
An increasing number of consumers are rapidly inclining toward buying packaged food and beverage products than spending time and effort in making food. Rapid urbanization and the rising disposable income boost the demand for packaged food and beverage products across the globe. Several food and beverage companies adopt attractive and innovative retail ready packaging solutions to attract more consumers.
High demand for innovative and attractive packaging boosts the global retail ready packaging market
Several consumer goods companies are adopting attractive and innovative packaging solutions to enhance the value of products and provide improved branding promotions. Increasing demand for aesthetically pleasing and easy-to-handle packed products among consumers spur the global market.
Existing Challenges:
High costs regarding the packaging manufacturing process hamper the global retail ready packaging market growth
High costs of packaging machinery and labeling process are expected to hamper the growth of the global retail ready packaging market. Fluctuation in the prices of raw materials and changing packaging regulations are anticipated to challenge the growth of the global market in the coming years.
Emerging Opportunities:
Increasing demand for paper and paperboard packaging products offers growth opportunities
High awareness regarding the negative effects of packaging waste on the environment and increasing demand for sustainable packaging offer lucrative opportunities to the market players. Technological advancements offer innovative retail ready packaging solutions, which are attractive as well as easy to handle. This factor increases the demand for such innovative packaging solutions among consumers.
Scope of the Report
The global retail ready packaging market research report includes an assessment of the market trends, market segments, and regional markets. Market overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Retail Ready Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2021
|
|
Historic Data
|
2019–2020
|
|
Forecast Period
|
2022–2030
|
|
Segmentation
|
Type (Corrugated Cardboard Box, Die-cut Display Container, Modified Case, Shrink Wrapped Tray, Folding Carton, Plastic Container, and Others), Material (Plastic, Paper & Paperboard, Glass, Metal, and Others), and Application (Food & Beverages, Electronics, Fashion Accessories, Household Products, Personal Care & Beauty Products, Pharmaceutical Products, Flowers, and Others)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Mondi; Caps Cases Ltd; Rohrer Corporation; Amcor plc; Smurfit Kappa; DS Smith; Robert Bosch GmbH; ETT Verpackungstechnik GmbH; LINPAC Packaging Limited; Mayr-Melnhof Karton AG; RFC Container Company, Inc.; International Paper; STI - Gustav Stabernack GmbH; Georgia-Pacific; Vanguard Packaging, LLC.; Green Bay Packaging Incorporated; The Cardboard Box Company Ltd; Weedon Group Ltd; WestRock Company; Huhtamaki; Packaging Corporation of America; BillerudKorsnäs AB; SIG; Refresco Group; UFlex Limited; Clearwater Paper Corporation; Orora Packaging Australia Pty Ltd; i2i Europe ltd; and Others
|
Market Segment Insights
Die-cut display container segment holds a key market share
Based on type, the global retail ready packaging market is divided into corrugated cardboard box, die-cut display container, modified case, shrink wrapped tray, folding carton, plastic container, and others. The die-cut display container segment is expected to account for a major market revenue share during the forecast period, as die-cut display containers are considered a modern retail packaging solution for brand visibility across the globe.
The ease in handling and transportation, cost-effectiveness, and reusability of die-cut display containers propel the growth of the segment. High demand for die-cut display containers from various industries such as the food industry drives the segment growth.
The corrugated cardboard box segment is anticipated to grow in the coming years, as it is a popular choice in several industries such as electronics, personal care & cosmetics, food & beverages, and others. Corrugated cardboard boxes are impact resistant, absorb shock, and have cushioning that makes these boxes a popular choice to pack beverages, food items, personal care products, cosmetics, and others. These factors aid in spurring the growth of the corrugated cardboard box segment.
Paper & paperboard segment to dominate the market
In terms of material, the global retail ready packaging market is segregated into plastic, paper & paperboard, glass, metal, and others. the paper & paperboard segment is projected to hold a significant market share during the forecast period, owing to the increasing demand for sustainable packaging solutions across the globe. Packaging solutions made from paper and paperboard are recyclable, cost-efficient, and adhere to various packaging regulations. These are the major factors fueling the paper & paperboard segment growth.
The plastic segment is estimated to witness rapid growth in the coming years, as it is an inexpensive packaging material alternative in comparison to other packaging materials. Plastic is easily molded and given any desired shape to use in various applications. This is a major factor fueling the plastic segment growth.
Food & beverages segment holds a significant market share
On the basis of application, the global retail ready packaging market is divided into food & beverages, electronics, fashion accessories, household products, personal care & beauty products, pharmaceutical products, flowers, and others. The food & beverages segment is estimated to hold a large market revenue share of around 27% during the forecast period, owing to increasing demand for packaged food products and various kinds of beverages across the globe.
Several retail ready packaging products are recyclable, which aids food and beverages manufacturers to comply with various packaging regulations across the globe. Rapid industrialization, changing lifestyles, and rising disposable income drive the food & beverage segment growth in the coming years.
The personal care & beauty products segment is anticipated to expand rapidly during the forecast period, due to increasing demand for personal care and beauty products among consumers across the globe. A growing number of consumers are aware of personal care products and how to use them.
The aesthetic appeal of the packaging of personal care and beauty products attracts consumers globally. These are the major factors boosting the personal care & beauty segment growth.
North America to dominate the global retail ready packaging market
In terms of region, the global retail ready packaging market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The retail ready packaging market in North America is expected to register a high CAGR during the forecast period, due to the presence of strong economies such as the US and Canada in the region.
Increasing investment in advanced technologies and solutions as well as the wide presence of several major corrugated board packaging companies in North America helps the expansion of the retail ready packaging market in the region. A growing number of supermarkets and hypermarkets, increasing demand for attractive packaging, and rising demand for packaged goods in North America boost the demand for retail ready packaging in the region.
The retail ready packaging market in Asia Pacific is estimated to register rapid growth in the coming years, owing to increasing investments in several industries such as food & beverages, pharmaceuticals, personal care & cosmetics, and others in the region. The rising retail and pharmaceutical industries in countries such as India, China, and Japan and the growing packaging companies in the region facilitate the expansion of the retail ready packaging market in Asia Pacific.
Segments
The global retail ready packaging market has been segmented on the basis of
Type
- Corrugated Cardboard Box
- Die-cut Display Container
- Modified Case
- Shrink Wrapped Tray
- Folding Carton
- Plastic Container
- Others
Material
- Plastic
- Paper & Paperboard
- Glass
- Metal
- Others
Application
- Food & Beverages
- Electronics
- Fashion Accessories
- Household Products
- Personal Care & Beauty Products
- Pharmaceutical Products
- Flowers
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Amcor plc
- Mondi
- Caps Cases Ltd
- Rohrer Corporation
- Smurfit Kappa
- DS Smith
- Robert Bosch GmbH
- ETT Verpackungstechnik GmbH
- LINPAC Packaging Limited
- Mayr-Melnhof Karton AG
- RFC Container Company, Inc.
- International Paper
- STI - Gustav Stabernack GmbH
- Georgia-Pacific
- Vanguard Packaging, LLC.
- Green Bay Packaging Incorporated
- The Cardboard Box Company Ltd
- Weedon Group Ltd
- WestRock Company
- Huhtamaki
- Packaging Corporation of America
- BillerudKorsnäs AB
- SIG
- Refresco Group
- UFlex Limited
- Clearwater Paper Corporation
- Orora Packaging Australia Pty Ltd
- i2i Europe ltd
- Others
Competitive Landscape
Key players competing in the global retail ready packaging market are Mondi; Caps Cases Ltd; Rohrer Corporation; Amcor plc; Smurfit Kappa; DS Smith; Robert Bosch GmbH; ETT Verpackungstechnik GmbH; LINPAC Packaging Limited; Mayr-Melnhof Karton AG; RFC Container Company, Inc.; International Paper; STI - Gustav Stabernack GmbH; Georgia-Pacific; Vanguard Packaging, LLC.; Green Bay Packaging Incorporated; The Cardboard Box Company Ltd; Weedon Group Ltd; WestRock Company; Huhtamaki; Packaging Corporation of America; BillerudKorsnäs AB; SIG; Refresco Group; UFlex Limited; Clearwater Paper Corporation; Orora Packaging Australia Pty Ltd; i2i Europe ltd; and others.
Some of these major companies have adopted various business development strategies including acquisitions, mergers, collaborations, partnerships, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
- In May 2019, DS Smith, a UK-based multinational packaging business, launched a new line of packaging called Loop Ready Packaging. The Loop Ready Packaging is a reusable, robust, returnable, and recyclable alternative to traditional packaging.
- In March 2021, Rohrer Corporation, a leading retail packaging manufacturer and designer, was acquired by Wellspring Capital Management LLC., a US-based private equity firm. The acquisition helps the company to deliver advanced and innovative packaging solutions and expand the business.
Request For Customization
Enquiry Before Buying
Speak With Analyst
