USD 65.1 billion
Retail Ready Packaging Market Size, Share, Growth Analysis, By Type(Die-Cut Display Containers, Corrugated Cardboard Boxes, Plastic RRP and Modified Cases), By Application(Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals & Healthcare, Electronics & Appliances), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25Y2004 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
66
|Figures:
75
Retail Ready Packaging Market Insights
Retail Ready Packaging Market size was valued at USD 65.1 billion in 2021 and is poised to grow from USD 68.42 billion in 2022 to USD 101.86 billion by 2030, growing at a CAGR of 5.1% during the forecast period (2023-2030).
The global retail ready packaging (RRP) market has significant growth in recent years due to the rising demand for efficient and visually appealing packaging solutions in the retail sector. Retailers are continuously seeking ways to reduce labor costs and optimize shelf space, and retail ready packaging addresses these concerns by eliminating the need for repacking at the store level. Moreover, with growing environmental awareness, businesses are shifting towards eco-friendly packaging options, and RRP often utilizes recyclable materials, contributing to sustainability goals. The convenience offered by retail ready packaging has made it highly popular among various industries, including food and beverages, healthcare, cosmetics, and electronics. In the food industry, for instance, RRP not only minimizes packaging waste but also extends the shelf life of products, reducing the risk of spoilage and enhancing food safety. This has led to increased adoption of RRP by both small-scale retailers and large supermarket chains.
US Retail Ready Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Corrugated Cardboard Boxes
Fastest Growth
Growth Rate
5.1% CAGR
Global Retail Ready Packaging Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Retail Ready Packaging Market Segmental Analysis
Global Retail Ready Packaging Market is segmented by type, application, and region. Based on type, the market can be segmented into Die-Cut Display Containers, Corrugated Cardboard Boxes, Plastic RRP and Modified Cases. Based on application, the market is segmented into Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals & Healthcare, Electronics & Appliances, Home Improvement, Automotive and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Retail Ready Packaging Market Analysis by Type
Corrugated Cardboard Boxes dominated the global market. These boxes have been widely adopted in the retail industry due to their durability, cost-effectiveness, and eco-friendly nature. Corrugated cardboard boxes are versatile and can be used for various products, making them a popular choice for packaging solutions across different retail sectors.
The fastest-growing type in the global retail ready packaging market is Plastic RRP. Plastic retail ready packaging offers several advantages, such as enhanced product visibility, ease of handling, and the ability to protect products from moisture and damage. Moreover, plastic RRP can be reusable and is often considered a sustainable option if designed for recycling or reuse. The growing demand for sustainable and visually appealing packaging solutions has contributed to the rapid growth of plastic retail ready packaging in recent years.
Retail Ready Packaging Market Analysis by Application
Among the various applications of the global retail ready packaging market, the dominant sector is the Food & Beverages industry. This segment holds the largest market share due to the extensive use of retail ready packaging in the packaging and display of food products, beverages, and grocery items. Retail ready packaging offers convenience, easy handling, and enhanced shelf presence, making it a preferred choice for manufacturers and retailers in the food and beverages sector.
The fastest-growing application in the global retail ready packaging market is the Pharmaceuticals & Healthcare industry. As the demand for pharmaceutical products and healthcare items continues to rise, the need for efficient and consumer-friendly packaging solutions has become paramount. Retail ready packaging provides a convenient way to display and distribute pharmaceutical products in retail settings, contributing to its rapid growth in this sector.
Global Retail Ready Packaging Market By Type
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Retail Ready Packaging Market Regional Insights
Among the various regions in the global retail ready packaging market, North America dominated the global market. North America has historically been a major market for retail ready packaging, driven by the region's well-established retail sector, the presence of numerous consumer goods manufacturers, and a high level of adoption of innovative packaging solutions. The US and Canada, in particular, contribute significantly to the dominance of North America in the retail ready packaging market.
The fastest-growing region in the global retail ready packaging market is Asia Pacific. The Asia Pacific region is experiencing remarkable growth due to several factors, including the booming e-commerce industry, rapid urbanization, changing consumer preferences, and the increasing demand for convenience in packaging. Countries such as China, India, Japan, and South Korea are witnessing significant growth in retail ready packaging adoption, as manufacturers and retailers seek efficient and eye-catching packaging solutions to enhance shelf appeal and optimize supply chain operations.
Global Retail Ready Packaging By Geography
- Largest
- Fastest
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Retail Ready Packaging Market Dynamics
Retail Ready Packaging Market Drivers
Shelf Appeal and Branding
- Retail ready packaging allows brands to create eye-catching and attractive displays on store shelves. Packaging with appealing graphics and branding helps products stand out amidst competition and attracts consumers' attention. Companies are increasingly investing in RRP to improve product visibility and brand recognition, which, in turn, positively impacts sales.
Retail Ready Packaging Market Restraints
Initial Capital Investment
- Adopting retail ready packaging may require an initial capital investment for brands and manufacturers. Upgrading packaging lines, redesigning packaging structures, and training personnel for RRP implementation can incur costs that may deter some companies, especially smaller ones, from adopting this packaging format.
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Retail Ready Packaging Market Competitive Landscape
The competitive landscape of the retail-ready packaging market was characterized by several key players vying for market share. These companies are continuously striving to innovate and offer packaging solutions that cater to the specific needs of retailers and consumers alike. These companies have a widespread presence and offer a diverse range of retail-ready packaging solutions, catering to various industries and product types. They invest in research and development to create innovative, sustainable, and visually appealing packaging designs that improve shelf visibility and aid in easy stocking and merchandising for retailers. Furthermore, with increasing consumer awareness about eco-friendly packaging, companies in the market are also focusing on developing environmentally sustainable options to stay competitive in the evolving packaging landscape.
Retail Ready Packaging Market Top Player’s Company Profiles
- Smurfit Kappa Group (Ireland)
- International Paper Company (US)
- Amcor plc (Switzerland)
- Huhtamaki Group (Finland)
- Sonoco Products Company (US)
- Georgia-Pacific LLC (US)
- Orora Limited (Australia)
- Menasha Corporation (US)
- Packaging Corporation of America (US)
- Sealed Air Corporation (US)
- Graphic Packaging Holding Company (US)
- Nefab Group (Sweden)
- Creative Corrugated Designs Inc. (US)
- LINPAC Packaging (UK)
- RTS Packaging LLC (US)
- ELOPAK (Norway)
- Cascades Inc. (Canada)
Retail Ready Packaging Market Recent Developments
- In March 2023, Mondi Group launches a new range of RRP solutions for the e-commerce market. The solutions are designed to protect products during shipping and handling.
- In February 2023, DS Smith PLC announces a new partnership with the Swedish company RAJA Group to expand its RRP distribution network in Europe.
- In January 2023, Sonoco Products Company launches a new line of RRP solutions for the retail and foodservice industries. The solutions are designed to improve product visibility and shelf appeal.
- In December 2022, International Paper Company announces a new investment of $50 million in its RRP manufacturing facility in the United States. The investment will be used to expand the facility and increase its production capacity.
- In November 2022, WestRock Company launches a new range of RRP solutions for the food and beverage industry. The solutions are made from recycled materials and are recyclable.
Retail Ready Packaging Key Market Trends
- Eco-friendly packaging solutions: With growing awareness about environmental concerns and the impact of plastic waste on the planet, consumers and retailers alike are seeking packaging alternatives that are more sustainable and reduce their carbon footprint. As a result, there is a rising preference for retail-ready packaging made from recyclable, biodegradable, or compostable materials. Manufacturers in the RRP market are responding to this trend by developing innovative packaging solutions that not only meet the functional requirements of efficient shelf display and easy handling but also align with sustainability goals.
Retail Ready Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Retail Ready Packaging (RRP) Market analysis, the increasing demand for convenient and attractive packaging solutions in the retail industry is a key driver for market growth. The rising focus on brand promotion and product differentiation is driving the demand for innovative and customized RRP solutions. Additionally, the growing e-commerce sector is creating opportunities for RRP manufacturers to cater to the unique packaging requirements of online retail. North America currently holds a prominent market share in the market, driven by the well-established retail industry and the adoption of advanced packaging solutions by key players. Europe is also a significant region, with the region's stringent regulations on packaging waste management and sustainability driving the demand for retail ready packaging. The Asia Pacific region is experiencing rapid growth in the global market, supported by the expanding retail sector, urbanization, and the increasing consumer preference for convenient and visually appealing packaging.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 65.1 billion |
| Market size value in 2031 | USD 101.86 billion |
| Growth Rate | 5.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Retail Ready Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Retail Ready Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Retail Ready Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Retail Ready Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Retail Ready Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Retail Ready Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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