Retail Ready Packaging Market Outlook To 2026: Emerging Trends, New Growth Opportunities, Regional Analysis

APAC retail ready packaging market size, furthered by sustained demand for processed food & beverages and augmentation in retail sector, is expected to grow profoundly during the assessment period 2019-2026. Nonetheless, APAC retail ready packaging market revenue reigned supreme in 2018 and is anticipated to grow unabatingly during the forecast period.

Stakeholders are expected to invest heavily in emerging economies such as India and China as these countries are experiencing considerable growth in retail sector. For instance, National Investment Promotion and Facilitation Agency India has predicted Indian retail market to zoom to US$ 1.7 trillion in the ensuing period.

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Complementing sustainability using recyclable or reusable materials is set to act as a fillip in retail ready packaging market. Retail ready packaging (RRP), also known as display ready packaging will be underpinned by growth in retail sector and upsurge in food & beverage sales volume in various outlets. RRP has been furthering shelf space efficiency as these products are widely available in one piece and two-piece pack style products. Stakeholders envisage retail ready packaging market trends to expand robustly in the wake of proliferating retail sector and robust food & beverage industry.

Corrugated boxes are set to dominate RRP demand as the segment is touted to garner substantial revenue in light of increased traction observed in food & beverage industry. The demand for corrugated boxes will be fueled by popularity of reusable raw materials. Further, growth in RRP will be fostered by labor cost savings owing to reduction of product handling requirements in the course of stocking.

Assessing myriad factors, Global Market Insights, Inc. projects retail ready packaging market size to surpass US$ 51 billion by 2026. Flourishing retail sector in emerging economies is anticipated to foster the industry growth.

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In a bid to bolster their CRM, prominent players are overwhelmingly investing in the retail ready packaging. For instance, International Players Company is bolstering the production of raw materials such as pulp & paper and retail ready packaging. Some of the preeminent players are also infusing funds in research & development activities. It is worth noting that paper & paper board will have boost retail ready packaging market share owing to their sustained demand in production of various products.

Leading companies such as Georgia-Pacific Packaging have state-of-the-art innovative institute which enables stakeholders to test novel concepts. The company came up with brand ready packaging—a new type of retail ready packaging— which apparently complements high graphics packaging solutions and eventually undergirds on-shelf brand impact by helping brand owners easily embrace secondary packaging solution.

With companies looking to leave no stone unturned, capacity expansion strategies have gained grounds in the past few years. For instance, Amcor poured in investment of over US$ 25 million to upgrade its facilities in Madison. The infusion would not only boost macro-economic factors such as employment, but it would also help expand capacity, bolster quality and reduce waste.

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Some of the prominent players such as Georgia-Pacific LLC, Amcor, International Paper Company, D S Smith, Packaging corporation of America are contemplating expansion of product portfolios through capacity expansions and mergers & acquisitions.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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