Retail Ready Packaging Market Size By Product (Die cast display box, Corrugated paper box, Shrink wrapped trays, Folding Cartons), By Material (Paper & Paperboard, Plastic [PETE, PE]), By Industry (Food [ dairy products, fruits & vegetables, meat & poultry], Beverages, Cosmetic & Personal Care, Pharmaceuticals) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Dec 2019  |  Report ID: GMI363  |  Authors: Kiran Pulidindi

Report Format: PDF   |   Pages: 490   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Retail Ready Packaging Market size in 2018 was over USD 36 billion and will grow with a CAGR of approximately 4% during the forecast period.
 

Retail Ready Packaging Market

Get more details on this report - Request Free Sample PDF
 

Retail Ready Packaging (RRP) or shelf ready packaging is a type of secondary packaging that is designed for effective and efficient stocking and sale. Retail ready packaging not only provides with ease of transportation but also facilitates easy shelf replenishment. This secondary packaging is mostly used for fast moving consumer goods as it provides with effective functional designing and creativeness at a considerable cost. Shelf ready packaging is widely preferred by retail owners as it aids in improving store efficiency by reducing turnover time for re-stocking, thereby increasing sales.
 

Government expenditure push for the development of retail infrastructure across regions, is projected to be the major factor driving the overall retail ready packaging market dshare uring the assessment period. According to National Bureau of Statistics, China, total retail sales of consumer goods in China reached USD 5.61 trillion (38.10 trillion yuan) in 2018 which grew by 9.0% from the previous year. China was the largest revenue generating country in 2018 and is projected to exhibit the same trend throughout the review period. China accounted for a revenue of over 5 billion in 2018 and is projected to exhibit a healthy CAGR of over 5.5%.
 

RRP fulfills all pivotal aspects of packaging that includes product identification, convenient replenishment, easier shopping experience, recyclability and reusability among others. These added advantages of RRP shall further boost its adoption across the globe during the forecast period. Moreover, retail ready packaging also minimizes the requirement of labor in stores and it is cost effective in nature which is another factor fueling its adoption rate across the globe.
 

Retail Ready Packaging Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 36.7 Billion (USD)
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 4.2% 2026 Value Projection: 51.1 Billion (USD)
Pages: 490 Tables, Charts & Figures: 794
Geographies covered (21): U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE
Segments covered: Material, Product, Application
Companies covered (15): International Paper Company, Georgia-Pacific LLC, WestRock Company, Amcor, Smurfit Kappa Group, Weedon PSC Ltd, Linpac, Clearwater Paper Corporation, Packaging Corporation of America, BillerudKorsnäs AB, sig combibloc gmbh, D S Smith, Refresco Group and Huhtamaki Group
Growth Drivers:
  • Robust growth in the retail industry
  • Growth demand for food and beverage
Pitfalls & Challenges:
  • Emergence of E commerce

Get more details on this report - Request Free Sample PDF
 

Rapidly growing e-commerce application shall hamper the product demand

Retail ready packaging is extensively used in retail stores that requires facilities such as easy identification products and efficient storage of products among others. However, these attributes does not play an important role in e commerce platforms. Retail ready packaging is designed to increase the visibility of various products hence is a vital means for consumer-packaged goods companies to fuel its product sales where the significance of RRP decreases in online sales. Moreover, retail ready packaging products such as die cut containers and shrink wrapped trays are widely preferred in retail stores however are not as widely adopted in ecommerce platforms. Therefore, the growing penetration of e-commerce mainly in the developing regions is projected to act as a market restraining factor throughout the review period. 
 

E-commerce application across the globe has been experiencing high growth in the recent years. For instance, according to the UNCTAD, world’s top ten countries B2C e-commerce expenditure in 2017 were valued at USD 3,851 billion and expected to grow with over 15% CAGR in coming years. This exponential size and high growth in the application expected to hamper the retail ready packaging market growth during the forecast timespan.
 

Paper and paper boards are the major material used in the application

Paper & paper boards was the major raw material used to manufacture RRP in 2018, it accounted for over 50% market share and projected to grow with a CAGR of approximately 4% between 2018 and 2026. Paper and paper boards are economical compared to the plastic retail packaging products and are visually more attractive and are hence projected to experience healthy demand during the forecast period. Moreover, the presence of stringent regulations relating to the use of plastic packaging products coupled with the recyclability and reusability of paperboards shall further augment its demand. Paper and paperboards are widely used in the production of corrugated boxes, folding cartons and die cut containers among others.
 

Corrugated boxes held over 50% of the RRP product demand in 2018

Global Retail Ready Packaging Market By Product

Get more details on this report - Request Free Sample PDF
 

Global demand for corrugated paper box expected to grow over 4.5% CAGR over the review period. Corrugated boxes can be put directly into shelves and other stocking locations without individually handling the primary packages. Retailers in order reduce stocking and labor cost are shifting towards the use of corrugated boxes. Moreover, the growing trend of using lighter container board is also anticipated to drive the retail ready packaging demand over the forecast timespan.
 

Growing adoption of packaged food and beverages will fuel the market growth

China RRP Market By Industry

Get more details on this report - Request Free Sample PDF
 

Food was the major application in retail ready packaging market and accounted for over 44% market share in 2018. Growth in the application can be directly attributed to growing demand for packaged food across the globe. Furthermore, the increasing investment in the development of aesthetic packaging, especially in processed food products has attributed to its increased sale and shall in turn contributing to the overall RRP market during the forecast period
 

Asia Pacific was the major revenue pocket in 2018 for the retail ready packaging market

Asia Pacific will remain the largest region in the RRP market over the forecast period. The burgeoning retail sector in the region, particularly in China and India shall contribute substantially to the overall market. According to India Brand equity Foundation, the Indian retail industry accounts for 10 per cent of the total Gross Domestic Product (GDP) of the country and is the fifth-largest economy in the retail space across the globe. IBEF estimated, the total retail consumption expenditure to reach nearly US$ 3,600 billion by 2020 from US$ 1,824 billion in 2017.
 

Major players in the market are focusing on new product development to gain edge over the rivals

The major players in the RRP market share include International Paper Company, Georgia-Pacific LLC, WestRock Company, Amcor, Smurfit Kappa Group, Weedon PSC Ltd, Linpac, Clearwater Paper Corporation, Packaging Corporation of America, BillerudKorsnäs AB, sig combibloc gmbh, D S Smith, Refresco Group and Huhtamaki Group among others.
 

The retail ready packaging market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD billion from 2016 to 2026, for the following segments:

RRP Market By Product

  • Die cut display box
  • Corrugated boxes
  • shrink wrapped tray
  • Folding Cartons
  • Others

Retail Ready Packaging Market By Material

  • Paper & paperboard
  • Plastic
    • PE
    • PETE
    • Others

Market Analysis By Application

  • Food
    • Dairy Products
    • Fruits & Vegetables
    • Meat & poultry
  • Beverage
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

Retail Ready Packaging (RRP) or shelf ready packaging is a type of secondary packaging that is designed for effective and efficient stocking and sale which provides ease of transportation and facilitates easy shelf replenishment.
Paper & paper boards was the major raw material used to manufacture RRP. It accounted for over 50% market share in 2018 and is projected to grow with a CAGR of approximately 4% between 2019 and 2026.
Food sector will be the major application for retail ready packaging and is expected to achieve more than 44% market share by 2026.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Premium Report Details

  • Published Date: Dec 2019
  • Pages: 490
  • Tables: 772
  • Charts / Figures: 22
  • Companies covered: 15
  • Countries covered: 21

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X