Club Store Packaging Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1612
Global Club Store Packaging Market size is anticipated to grow at a significant rate till 2024. It is extensively used in warehouse club store, to attract customers with multi-color display and appealing packaging. This packaging serves industries including personal care, health care, home care, and food & beverages.
Club store packaging is done to the products displayed in warehouse club store, a kind of retail store that deals in diverse merchandise in wholesale or large quantities. This packaging attracts customers in warehouse club store and the products are stacked on pallets. The packaging of these products differs from retail format as that in super markets or grocery stores. It is because these club stores have adopted 80/20 rule, in which they stock only those products that accounts for 80% of revenue in retail stores. This kind of packaging differentiates one product from another unlike in retail stores where packaging differentiates one brand from another. In 2015, U.S. warehouse club store sales were registered above USD 400 billion and is growing at a decent growth rate. Positive outlook of these club stores is anticipated to boost club store packaging market in forecast period.
This packaging provides an attractive and innovative look to the products by different concepts such as retail ready packaging and display ready packaging that makes it more appealing. Retail ready packaging provides movement of products directly to shelf with minimum handling requirement. Display ready packaging uses multi-color and appealing graphics. Attractiveness of this packaging is increasing its adoption in consumer goods industry, thus propelling club store packaging market.
This kind of packaging adopts recyclable materials in its manufacturing and non-fluted papers, to improve its printing capabilities. Other trend flourished in this sector is color blocking, which involves palletizing of individual packages to create single color solid block that can be seen from a distance to customers in the store. Billboarding is another concept in which pallets are stacked side by side to create big continuous design to ease shopping from all the sides. Customers ease in shopping and increasing awareness regarding environmental friendly materials will fuel club store packaging market during the forecast timeframe.
However, warehouse club store offer products of limited brands, so customers are left with few brand options for their shopping. Customers also have to pay annual or monthly fee to shop in these stores. Additionally, these packaging widely uses corrugated paper material, that offers less flexibility as compared to retail product packaging. These limitations can hinder club store packaging market in near future.
Based on packaging type, the market is segmented as fully sealed packaging, custom fitted compartment, bulk content packaging, trays, cans, standup pouches, shrink wrapping, cartons, and blister packaging. Various products in which these packaging is used are personal care, health care, home care, beverages and food.
North America is contributing significantly in club store packaging market owing to increasing number of warehouse club store and strategies adopted by them. BJ’s wholesale, Sam’s club and Costco are prominent operators in the region, Sam’s club and Costco had generated revenue of nearly USD 140 billion in 2015. In terms of sale, Costco is largest player and Sam’s club possesses maximum number of operating locations. Asia Pacific had witnessed a decent growth in club store packaging market during last decade due to booming consumer goods market. Region consists of highly populous countries such as India and China that generated requirement of health care and personal care products from young generation. Europe has a recognized worldwide market in food & beverage industry and especially packed food products. These food products packaging companies are getting inclined towards recyclable materials for their packaging goods and are therefore switching to club store packaging.
Key industry players in club store packaging market are Creative Displays Now, Assemblies Unlimited, Accurate Box Company, Square Peg Packaging and Printing, Transparent Container, Versatile Packagers, MSL Packaging & Fulfillment, PaperWorks Industries, THE DIELINE and ProCorr Display & Packaging.
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