Global POP Display Market: Efforts to Improve Brand Visibility and Presence Fosters Growth, says TMR
The global POP display market currently features a fragmented vendor landscape, says a report by Transparency Market Research (TMR). However, the market is close to consolidation as players vie for mergers and acquisitions, along with the focus of international players on vertical integration to expand their outreach. A case in point is International Paper Company. In May 2016, the company acquired Weyerhaeuser’s pulp business thus adding five pulp mills to its production facilities. Such initiatives are anticipated to be growth strategy of several players in the market, adds the report.
The key players in the global market for POP display include Smurfit Kappa Group plc, DS Smith Plc, International Paper Company, and Georgia Pacific LLC.
The global POP display market was worth US$9.87 bn in 2016. As per estimates of the TMR report, the global POP display market will clock a CAGR of 5.6% during the forecast period between 2017 and 2025, for the market to become worth US$16 bn by the end of 2025.
Among the key product segments, the floor display product segment is poised to lead the market at a CAGR of 6.3% during the forecast period. Geography-wise, Asia Pacific is poised to surpass other key regions expanding at a CAGR of 6.5% over the 2017-2025 forecast period.
Customization of POP Displays to Translate into Noticeable Growth
The global POP display market has been witnessing robust growth over the past couple of years as manufacturers are looking for ways of visually appealing merchandising. Thus, enhancing brand visibility, better eyeing shelf space, and effective space utilization are the key elements fuelling the market’s growth. To further improve visual merchandising, manufacturers are considering investments to introduce innovative product design such as rotating die-cut POP display with improved graphics.
Further, players in the market are also striving to offer customization as per the branding need of end users. This product differentiation strategy is likely to favor the growth of the global POP display market to a high degree.
Changing lifestyle and rising disposable income of the urban population have also emerged as key factors driving the POP display market. Individuals in urban areas are spending liberally on packaged food and beverages that has upped the demand for POP displays for retail sales. Today, POP displays have become de facto for branding and packaging of food and beverages. Several FMCG brands are focusing on improving their brand visibility through POP displays in the retail sector. Thus, factors such as growth of the FMCG industry, retail industry, and food and beverages sector are contributing to the revenue earnings of the global POP display market.
Rising Trend of Online Shopping to Affect Demand for POP Displays
While steady growth of a number of end-use industries creates a positive outlook for the market, it faces several growth challenges as well. The rising trend of online shopping for all type of consumer goods is posing a huge threat to this market. As consumers indulge into shopping from the convenience of their homes, along with benefits of good discounts and multiple modes of payment, the growth of the POP display market will be affected.
Despite several growth challenges, the growth of the retail sector and mushrooming of mom and pop stores in emerging economies is likely to benefit the POP display market in these regions.
The review presented is based on the findings of a TMR report, titled “POP display Market - (Product - Counter Display, Floor Display, Gravity Feed Display, Pallet Display, Side Kick Display, Dump Bin Displays, and Clip Strip Displays; Material - Corrugated Board, Foam Board, Plastic Sheet, Glass, Metal; Sales Channel - Hyper Market, Supermarket, Departmental Store, Specialty Store, and Convenience Store; Applications - Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Printing and Stationary, Electronics, and Automotive) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”
The global POP displays market has been segmented as follows:
By Product Type
- Counter Display
- Floor Display
- Gravity Feed Display
- Pallet Display
- Full Pallet Display
- Half Pallet Display
- Quarter Pallet Display
- Side Kick Display
- Dump Bin Displays
- Clip Strip Displays
- Other POP Displays
By Material Type
- Corrugated Board
- Foam Board
- Plastic Sheet
By Sales Channel
- Hyper Market
- Departmental store
- Specialty Store
- Convenience Store
- Food & Beverages
- Cosmetics & Personal Care
- Printing & Stationary
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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