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

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 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. 'WestRock (US)', 'DS Smith (UK)', 'Mondi Group (Austria)', '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 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.

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.

Among the various regions in the retail ready packaging market, North America dominated the 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.