Stratview Research has recently published a report on the Retail Ready Packaging Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

Retail Ready Packaging Market Insights:

The retail ready packaging market size was estimated at USD 62.82 billion in 2021 and is likely to grow at a CAGR of 4.74% during 2022-2028 to reach USD 87.09 billion in 2028.

Rapid growth in the retail and food beverages industries is the key demand generator of the market during the forecast period.

COVID-19 IMPACT

Covid-19 negatively impacted the retail-ready packaging market as the lockdowns and restrictions forced the retail stores to operate at limited capacity.

What is retail ready packaging?

Retail ready packaging is a type of packaging that can be directly put on the shelves for sale and requires minimal work and time to unload goods from the packaging. 

Retail ready packaging also referred to as shelf-ready packaging is mainly used for faster-moving consumer goods. It offers effective utilization of space, and optimization of display and storage improving sales and visibility.

As per the report, the market is segmented by:

Based on the product type, the market is segmented as die-cast display boxes, corrugated paper box, shrink wrapped trays, folding cartons, and others. Corrugated paper box is estimated to dominate the market during the forecast period, owing to their various benefits, such as it reduces stocking and labor cost easing handling, and being directly put on the shelves.

Based on the material type, the market is segmented as paper paperboard, and plastics. Paper paperboard are expected to remain the dominant material in the market during the forecast period, as it is eco-friendly and more economical than plastics. Paper paperboard material is widely used to make corrugated boxes, folding cartons, and die-cut containers. 

In terms of regions, Asia-Pacific is likely to maintain its dominance in the market during the forecast period, with China and India being the key growth engines of the region’s market. The region is also expected growth at the highest pace over the next five years. India and China are among the largest retail sectors in the world.

Know more about Stratview Research:

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