Retail Ready Packaging Market Size worth $51bn by 2026

Retail Ready Packaging Market size will likely reach USD 51 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

The global retail ready packaging market is primarily driven by the growth retail sector across the globe. The increasing demand for low cost packaging along with the strives for the reduction of labor cost is projected to further boost the product demand. However, the growing adoption of E-commerce may act as a major restraining growth factor of the overall market during the review period. Furthermore, issues with packaging stability of the RPP products such as withstanding multiple contacts can also act as a down-side to the industry growth.

 

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Corrugated boxes will have significant contribution to the market

On the basis of product type the retail ready packaging market has been segmented into die cut display box, corrugated box, shrink wrap trays, folding cartons and others. The corrugated box product segment was the largest segment in 2018 and held a market share close to 40% in terms of revenue. Corrugated box is made of paperboards and provides with excellent properties such as high bending rigidity and crushing resistance. These products are also lightweight and easily recyclable in nature, which makes them highly desirable in the retail ready packaging market.
 

Die cut display boxes are another major product segment and held a revenue share of over 20% in 2018. Die cut display boxes are custom made designed to fit any size and shape depending upon its need.  These boxes are cut from plain sheets on a die pressing machine. Die cut boxes are molded according to the requirement and hence can minimize the wastage of space in the retail outlets. However, these boxes are comparatively expensive in comparison with other retail packaging products which acts as a major down to the segment growth.
 

RRP market also possess ample opportunities for the product manufacturers. The growing demand for reusable and recyclable materials in retail packaging is set to open up new opportunities in the market by 2026.
 

Browse key industry insights spread across 490 pages with 772 market data tables & 22 figures & charts from the report, “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 Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/retail-ready-packaging-rrp-market
 

Latin America to witness inclining CAGR over the forecast timespan

Latin American shelf ready packaging market held a share of over 10% in 2018 in terms of revenue and is projected to grow at a CAGR over 4% throughout the review period. Brazil and Mexico are the major counties and collectively accounted for the maximum share in LATAM. The burgeoning retail sector in this region shall generate substantial revenue to the overall market throughout the forecast period. Moreover, the growing food retail industry especially in Brazil shall further augment the product demand. According to Brazilian Supermaket Association (ABRAS), the food retail industry sales reached USD 97 Billion in 2018, which represents 5.2 percent of Brazil’s GDP in the same year. The major revenue was generated from the southeast region which includes the states of Sao Paulo and Rio de Janeiro that accounted for 48.4% of their retail revenues.
 

Asia Pacific to dominate shelf ready packaging demand

Retail Ready Packaging Market Size, By Region, 2018 & 2026 (USD Million)

 

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Moderately fragmented market on account of large number of suppliers

The retail ready packaging industry is moderately fragmented due to prevalence of large number of manufactures across the globe. The major players operating in the value chain 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.
 

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