Retail Ready Packaging market size to exceed USD 71 billion by 2023

February 14 11:12 2017

Europe retail ready packaging market was the dominant region owing to early adoption by marketers in the region; it is expected to witness notable growth over the forecast period. North America is anticipated to grow at a significant rate due to retail market growth in Canada and the U.S.
In terms of volume, retail packaging market size was over 29 million tons in 2015 and is likely to surpass 35 million tons by 2023, with estimated gains of more than 3.1% from 2016 to 2023.

Rapid growth in the retail industry owing to increase in consumer purchasing power in India and China is likely to positively drive the Asia Pacific retail packaging market. South Africa and Turkey are expected to witness significant growth owing to shift in purchasing habits and growing preference for supermarket among consumers. 

Retail packaging or (RRP) Retail Ready Packaging is an innovative packaging approach that allows product to ready for sale or merchandising with nominal opening or setup. It also meets other advantages such as ease of opening and identifying products. RRP consists of both reusable transport packaging and recyclable single use packages. 

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Retail ready packaging market size is segmented into corrugated board, die-cut display box, plastic RRP, shrink-wrapped tray, and modified atmosphere case. Die-cut display box was the largest segment due to its easy handling and product identification features; these boxes are gaining popularity among marketers as they are easy to transport and attractive option to make the brand more visible. Corrugated board is anticipated to grow at a significant rate owing to the high utility in packaging for diversified product range.

On the basis of end-use, applications are segmented into food, beverages, bakery, electronics, flowers, and health & beauty. Food packaging consists of various types of edible products such as vegetables, fruits, and snacks. Increase in competition among FMCG companies owing to large number of competitors coupled with consumer shift is likely to boost retail ready packaging market growth.

More product visibility and brand retention are anticipated to be the key driving factors to influence marketers to adopt this technique. Easy transportation, reusability, and recyclability are likely to attract more retailers. 

Stringent regulations on plastic packaging are likely to hamper global demand in the coming years. Higher packaging cost is anticipated to adversely impact retail packaging market price trend.

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This latest Retail Ready Packaging (RRP) Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Retail Ready Packaging (RRP) industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Retail ready packaging market share is comprised of Amcor, Mondi Group DS Smith, Smurfit Kappa Group, Creative Corrugated Designs, Caps Cases, ETT Verpackungstechnik, Industrial Packaging, i2i Europe, Linpac Packaging, Model Management, Mayr-Melnhof Karton, RFC Container Company, Polymer Logistics, and Robert Bosch.

Report, “Retail Ready Packaging (RRP) Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” In detail, along with the table of contents.

https://www.gminsights.com/industry-analysis/retail-ready-packaging-rrp-market   

Key Insights in this Report

  • Global Retail Ready Packaging (RRP) Market size & forecast by product & application
  • Growth drivers, pitfalls & industry challenges
  • Key Retail Ready Packaging (RRP) Market growth opportunities & emerging business models
  • Competitive benchmarking with market share analysis and company profiles

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