The global retail ready packaging market depicts a competitive and fragmented landscape. Large number of new players in emerging regions are increasing the level of competition in the market, driving cost-efficiency, reports Transparency Market Research (TMR). Some key players in the global retail ready packaging market are Weedon Group, DS Smith plc, Smurfit Kappa Group plc, LINPAC Packaging, Mondi, Caps Cases Limited, Amcor Limited, and International Paper Company.
Players in the global retail ready packaging market are focused on product innovations to gain a competitive edge in the market. The meat industry is driving a growing demand for organic meat and small-sized cut packaging. Earlier, the packaging demand heavily relied on large cuts in bovine meat. Additionally, meats industry regularly requires improvement in packaging to improve shelf-life of products, more control over microbial development, and sanity assurance. This is expected to drive significant improvements in the retail ready packaging market in the near future.
According to TMR, the global retail ready packaging market is likely to grow at 4.3% CAGR during 2017-2025. The market was evaluated at US$60.52 bn in 2016 and will likely gross US$84.46 bn by 2025 end. Among various material types in the retail ready packaging market, the paper and paperboard segmented is anticipated to undergo substantial growth due to growing demand for sustainable packaging and waste management regulations. The market is also expected to witness significant growth in Asia Pacific. The region is predicted to register the highest CAGR during 2017-2025 due to growing demand for food products.
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Large Retailers Drive Robust Growth in the Retail Ready Packaging Market
Large retailers are experiencing growing demand for ready-to-eat food products. Due to increasing busy and stressful lifestyle, growing advancements in trendy foods, and cost-efficiency of these products are driving the growth for ready-to-eat food products. Additionally, due to lower turnaround and management efficiency, large stores are required to rely on ready packaging. Moreover, retail ready packaging market serves important needs such as promotions and sustainable design packaging. Retail ready packaging market players provide immense benefits such as better stock management, long shelf life for products, and stringent regulations surrounding food safety. Hence, the retail ready packaging market is expected to witness robust growth
Retail ready packaging market players are focusing on eco-friendly and recycle materials, thanks to a growing demand to replace plastics. Environment-friendly packaging designs are also leading to safe-handling, and cost-effective product delivery. The new products are also making way for more visibility, and standardization in food products.
Die Cut Display Change Fortunes in the Retail Ready Packaging Market
The global retail ready packaging market offers various products like corrugated cardboard boxes, die cut display containers, folding cartons, plastic containers, and others. The market is predicted to register highest revenue growth in the die cut display packaging products. These products are highly flexible and ideal for both small and large packaging requirements. Additionally, they can offer products such as divisions, cartons, and fittings. These packaging products are easy to handle during transportation and handling are also signature benefits of these products. The modified cases of die cut packaging are growing in demand in the meat packaging industry. these are also growing in demand due to lucrative brand visibility these offer.
This is review of the report, titled “Retail Ready Packaging Market (Material Type - Paper & Paperboard and Plastics; Product Type - Die Cut Display Containers, Corrugated Cardboard Boxes, Shrink Wrapped Trays, Plastic Containers, Folding Cartons, and Modified Cases; Application - Food (Dairy Products, Fruits & Vegetables, Pet Food, Baby Food, Confectionery, and Meat, Poultry & Seafood), Beverages, Health & Beauty Products, Household Products, Electronics, and Flowers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
The ready packaging market has been segmented as follows:
- Paper & Paperboard
- Die cut display containers
- Corrugated cardboard boxes
- Shrink wrapped trays
- Plastic Containers
- Folding Cartons
- Modified cases
- Dairy Products
- Fruits & Vegetables
- Pet Food
- Baby Food
- Meat, oultry & Seafood
- Health & Beauty Products
- Household Products
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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