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, 2020 – 2026

Published Date: Nov 2020  |  Report ID: GMI363  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 404   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Retail ready packaging market size was valued at USD 60.1 billion in 2019 and shall exhibit gains of 5.5% CAGR between 2020 and 2026. The burgeoning food and beverage industry across the globe and Growing demand from developing economies will booster the product growth.
 

Retail ready packaging or shelf ready packaging is a class of secondary packaging that helps in the efficient optimization of stocks and sales. These RRP products accomplish every packaging requirement with added advantages such as lightness, easy handling, and efficient replenishment. Retail Ready Packaging (RRP) products are recyclable and provide excellent branding promotions at a convenient price, makes them highly desirable across the globe.
 

Retail Ready Packaging Market Outlook

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The growing demand for food & beverages is projected to drive the overall retail ready packaging market during the forecast period. Retail ready packaging products, such as die cut display boxes, corrugated boxes, and folding cartons, are extensively used in the packaging of food & beverages.
 

Furthermore, the growing demand for processed food, mainly in the developing regions, will help increase the popularity of retail ready packaging, as it provides both aesthetic and aseptic value to the products; hence, is a preferred choice in the food & beverage industry. The food application segment held the largest market share of over 40% in 2019 and is anticipated to exhibit the same trend throughout the forecast period.
 

RRP products are used in various end-user industries including food, beverage, pharmaceuticals, and cosmetic & personal care. The food segment is the major revenue-generating industry in the retail ready packaging market. Die cut trays, folding cartons, and corrugated boxes are widely used in the packaging of processed food. These products are aseptic, making them an essential part of food packaging in the retail sector. The propelling demand for processed food & beverages across the globe will significantly drive the overall market share throughout the forecast period.
 

Retail ready along with aseptic value fulfills all basic packaging needs. Furthermore, it aids in better product identification on the shelf along with the brand value. Retail ready packaging offers excellent logistics efficiency to retailers, in terms of cost and space, which further makes it desirable for use in the retail market. However, the growing e-commerce sector across the globe and the presence of efficient substitutes are projected to be some of the major downsides to the RRP market growth throughout the assessment period, 2020 - 2026.
 

Retail Ready Packaging Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 60.1 Billion
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.5% 2026 Value Projection: 78.9 Billion
Pages: 404 Tables, Charts & Figures: 794
Geographies covered (18): U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Australia, Japan, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE,
Segments covered: Material, Product, Application, Region
Companies covered (14): Smurfit Kappa Group, Georgia-Pacific LLC, WestRock Company, Amcor, Weedon PSC Ltd., International Paper Company, Clearwater Paper Corporation, Linpac, Packaging Corporation of America, SIG Combibloc GmbH, BillerudKorsnäs AB, DS Smith, Huhtamaki Group, Refresco Group
Growth Drivers:
  • Increasing food & beverages application in Asia Pacific
  • Growth in pharmaceutical application
  • Developing retail sector in Brazil
  • Growing cosmetics sales across the globe
Pitfalls & Challenges:
  • Growing E-commerce sector
  • Availability of high-performance substitutes

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Indispensable use of paper & paperboard will complement growth

Retail Ready Packaging Market by Material

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The paper & paper board segment held a share of over 65% in 2019 and is projected to show similar trends during the forecast period. Paperboards are major raw materials used in the manufacturing of retail ready packaging market. These are used as packaging materials in various industries such as food & beverage, personal care, healthcare, hardware & electronics, homecare, and others.
 

Paperboard can be folded, curved, and custom die cut in multiple ways. It is also possible to add graphics on the packaging materials such as embossing images on the surface of the board and hot foil stamping. Paperboard packaging materials provide cost-savings, increased efficiencies, and other advantages throughout the supply chain even before they reach the consumers. They are lightweight and durable products that allow efficient stocking and sale.
 

Growing demand for corrugated retail ready packaging will drive the overall market

Retail Ready Packaging Market by Product

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Die cut displays are highly customizable corrugated boxes designed for the packaging of products of different sizes. These die cut paper boxes can be assembled without the help of glue or staples. Die cutting is a process of manufacturing that uses various customized shapes of the paperboard and impart folding lines to get the desired design.
 

Die cut display boxes can be uniquely customized by adding graphics that mostly include product information, company logos, and warnings, among others. The growing demand for die cut display boxes, mainly from the food & beverage industry, will further augment the retail ready packaging market demand throughout the review period.?
 

In 2019, the others segment accounted for over 4 % share in the market and shall grow at a CAGR of over 4% during the forecast period. The others product segment includes pallets, modified trays, and rigid boxes.
 

Food industry to dominate the overall market demand throughput the review period

Retail Ready Packaging Market by End-User

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The food industry is one of the major end-user industries in the overall market and shall account over 40% of the retail ready packaging market share in terms of volume in 2026. Major retail ready packaging products, such as die cut displays and corrugated boxes, among others, are widely used in the food industry.
 

The food industry is further bifurcated into dairy products, food & vegetables and meat & poultry. Among the sub-segments, the dairy products segment was dominant in 2019 and is anticipated to exhibit similar trends throughout the assessment period. The diary product segment is projected to grow at a CAGR of over 5.7%.
 

Asia Pacific to generate substantial revenue gains throughout the assessment period

Retail Ready Packaging Market by Region

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Asia Pacific is one of the major revenue pockets in the global retail ready packaging market. This is mainly attributed to the growing retail sector in India and China. The development of various sectors including food & beverages, pharmaceuticals, and cosmetics & personal care has a major impact in the overall regional packaging industry.
 

Furthermore, the rising population in the region has augmented the demand for packaged food & beverages, in turn, propelling the retail ready packaging market during the forecast period. Asia Pacific held a market share of over 42% and is projected to grow at a CAGR of over 4.8%.
 

The Middle East RRP market will hold a market share of over 7% in 2026. Future growth can be attributed to the burgeoning retail sector mainly in the UAE and Saudi Arabia. The growing construction sector in the UAE has resulted in the development of huge retail infrastructures, which is projected to positively contribute to the overall market throughout the forecast period.
 

Mergers and acquisitions are major strategic outlooks of the market

In November 2018, West Rock company acquired KapStone Paper & Packaging. This acquisition is in-line with its strategy to further strengthen its presence in the West Coast of the U.S. and expand their paper & packaging solutions product portfolio and distribution capabilities.
 

The proficient players in the retail ready packaging industry include Smurfit Kappa Group, Georgia-Pacific LLC, WestRock Company, , Amcor, Weedon PSC Ltd., International Paper Company, Clearwater Paper Corporation, Linpac, Packaging Corporation of America, SIG Combibloc GmbH, BillerudKorsnäs AB, DS Smith, Huhtamaki Group, Refresco Group, etc.
 

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

By Product

  • Die cut display boxes
  • Corrugated boxes
  • Shrink wrapped trays
  • Folding cartons
  • Others

By Material

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

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:

By Region

  • 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) :

The global retail ready packaging industry share valued at USD 60.1 billion in 2019 and is poised to grow at 5.5% CAGR through 2026 owing to the growing food and beverage industry worldwide and rising demand from developing economies.
The food industry is estimated to hold 40% of the global retail ready packaging industry share through 2026 owing to the growth of dairy products, which is expected to expand at 5% CAGR through the forecast period.
Asia Pacific held over 42% of retail ready packaging market share and is poised to grow at over 4.8% CAGR through 2026 owing to the rising population in the region.
The paper & paper board segment held over 65% share in 2019 and is projected to witness substantial expansion due to the rising usage of paperboards as chief raw materials.

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Premium Report Details

  • Published Date: Nov 2020
  • Pages: 404
  • Tables: 772
  • Charts / Figures: 22
  • Companies covered: 14
  • Countries covered: 18

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