Growth opportunities in the Retail-Ready Packaging (RRP) Market look promising over the next six years. This is mainly due to the escalation in sales of the food and beverage sector, increment in the number of items accessible, and increasing retail chains.
Retail-Ready Packaging (RRP) Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the drivers stimulating the growth of the global retail ready packaging market include the augmentation in the availability of items and the accelerating number of retail chains. Also, these packaging imparts several advantages in contrast to the traditional retail packaging regarding labor cost, product visibility, and stock handling. The packaging allures and captivates brand owners and retailers by making the display more attractive. Furthermore, the expansion in the growth of mass retailers and club stores coupled with the broadening supply of food and beverage in unconventional stores such as drug and dollar outlets are strengthening the market size. The raised initiation of smaller-format locations by wholesalers is expected to fuel the market as they possess limited product selection than the standard counterparts with fewer employees. These stores can influence the capability of these stores to enlarge the effectiveness of shelf space and fasten the stocking of shelves. These factors will propel the retail ready packaging market size.
The widespread outbreak of the coronavirus pandemic has negatively impacted the market growth owing to the temporary suspension of the manufacturing of many products led by the lockdown throughout the world. Additionally, the COVID-19 affected the sales of tools and machinery, which acted as a constraint for market growth.
Material Type Segment Drivers
On the basis of the material type, paper and paperboard are projected to expand at a faster CAGR over the forecast period. These are basic raw materials implemented in the manufacturing of retail-ready packaging and are also used as packaging materials in various industries, including homecare, food & beverage, personal care, healthcare, hardware & electronics. Moreover, these paperboards are flexible and can be curved, folded, and custom die-cut in multiple ways. It is also viable to add graphics on the packaging materials, such as hot foil stamping and embossing images on the surface of the board. Furthermore, they offer enhanced efficiencies and cost savings throughout the supply chain, which will bolster the market growth.
Retail-Ready Packaging (RRP) Market’s leading Manufacturers:
- WestRock Company
- Vanguard Packaging Incorporated
- Cardboard Box Company
- International Paper
- DS Smith
- Caps Cases Limited
- STI Group
- Weedon Group
- Smurfit Kappa
- Mondi
Retail-Ready Packaging (RRP) Market Segmentation:
Segmentation by Type
- Paper and Paperboard
- Plastics
- Others
Segmentation by Type of Package
- Die-Cut Display Containers
- Corrugated Cardboard Boxes
- Shrink Wrapped Trays
- Modified Cases
- Plastic Containers
- Others
Segmentation by End-User Application
- Food & Beverage
- Household Products
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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