Retail Ready Packaging Market Size
Retail Ready Packaging Market size was valued at USD 62.9 billion in 2021 and is projected to exhibit 4.8% CAGR from 2022 to 2028 due to the burgeoning food & beverage industry across the globe. In terms of volume, the market is estimated to reach 49,488.8 kilo tons with 4.4% CAGR through the forecast period.
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Retail Ready Packaging (RRP) also referred to as shelf packaging is a secondary packaging that aids in the optimization of stock. These shelf ready products provide all the packaging advantages such as easy handling, efficient replenishment, and lightweight. RRP products are mostly recyclable and help in effective brand promotions; hence, are widely accepted across the globe.
Retail ready packaging is a vital packaging option used in food and consumer goods industries. The major advantage of these packaging units is that they are appealing to the eye and reduce the time needed to unpack products or set up displays. In corrugated applications, substrate plays a major role in dictating the appearance of ink on the finished job. Most corrugated boards are flexo printed either directly on the finished board or via pre-printing on the outer layer or liner or by laminating.
The printing quality on corrugated boxes is directly related to the defects occurring during the corrugation process. The ability to exhibit effective brand promotion strategies is anticipated to further drive the product demand throughout the assessment period. The food & beverage segment is one of the largest consumers of RRP products, propelling the retail ready packaging market revenue by the end of 2028.
Retail Ready Packaging Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2021 |
| Retail Ready Packaging Market Size in 2021 |
62.94 billion (USD) |
| Forecast Period |
2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR |
4.8% |
| 2028 Value Projection |
87.03 billion (USD) |
| Historical Data for |
2018 to 2021 |
| No. of Pages |
400 |
| Tables, Charts & Figures |
794 |
| Segments covered |
Polymer, packaging, advance material |
| Growth Drivers |
- Rapidly growing electrical and electronics application across the globe
- Increasing food & beverages application in Asia Pacific
- Positive growth in pharmaceutical application
- Growing cosmetics sale
|
| Pitfalls & Challenges |
- Environmental waste created by the product
- Increasing regulations
|
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Packaging has varied vital functions in the entire supply chain - from manufacturer to the final consumer in the retail trade. The primary function is to contain and protect the product during logistics. The secondary function is to promote the product by attracting the consumers’ attention and creating a positive impression that will result in retail ready packaging market sales in a highly competitive environment.
Retail Ready Packaging Market Analysis
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The paperboard segment will generate a demand of around 35 million tons by 2028 owing to the growing demand for sustainable packaging across the globe. The paper & paperboard recyclable and adheres with various packaging regulations, making it highly desirable for product packaging. Paper & paperboards are cost-efficient alternatives of plastics, providing similar characteristics. Plastic is another important material segment in the industry. Among the various plastic segments, polyethylene is anticipated to show the highest revenue gains during the assessment period.
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Imagine cardboard boxes that are a bit more durable and versatile than your average box. These corrugated boxes are the star of the packaging world right now. They're like the perfect packaging solution for food, drinks, medicine, electronics, and even beauty products. That's because they can handle bumps and knocks really well, and they also cushion and protect whatever's inside. But that's not all! These boxes are also great at catching people's attention. They're easy to spot on store shelves and can help your products stand out from the crowd. Right now, the demand for these corrugated boxes is soaring, especially in Asia. This is making the market for boxes that are ready to go straight to store shelves even bigger. So, if you're looking for a way to package your products that's both protective and eye-catching, corrugated boxes are the way to go.
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The food application segment dominates the retail ready packaging market and will generate over USD 35 billion by 2028 owing to the growing demand for processed food in the developing regions. RRP products are recyclable; hence, they comply with various food packaging regulations across the globe. In terms of manufacturers, these packaging products allow effective brand promotions at a comparatively lower price, making them ideal for the competitive food & beverage market.
The other applications segment includes electronics, homecare products, and tobacco is anticipated to exhibit a CAGR of over 3.5% through 2028. The growing per capita income in the developing regions has resulted in the increase of electronic sales, in turn, boosting the overall retail ready packaging industry during the forecast period.
Asia Pacific is one of the major revenue pockets and will hold a market share of over 40% by 2028 due to the growing retail sector in India and China. The propelling investments in various sectors, such as food, beverages, cosmetics, and pharmaceuticals, are projected to have major to the overall Asia Pacific packaging industry.
The Middle East retail ready packaging industry held a share of around 9% in terms of revenue in 2021. The burgeoning retail sector in the region coupled with increasing demand for packaged food is anticipated to augment the production demand throughout the forecast period.
Retail Ready Packaging Market Share
In October 2018, Smurfit Kappa acquired Belgrade Paper Factory, one of the oldest paper-mills in Serbia and Avala Ada, a shipping & commercial packaging products manufacturer in Europe. This move is in line with the company’s strategy to expand its footprint in the Southeast European region.
The major players in the retail ready packaging industry include
- Refresco Group
- SIG Combibloc GmbH
- Weedon PSC Ltd.
- BillerudKorsnäs AB
- WestRock Company
- Georgia-Pacific LLC
- International Paper Company
- Smurfit Kappa Group
- Amcor
- Clearwater Paper Corporation
- Linpac
- Packaging Corporation of America
- DS Smith
- Huhtamaki Group
The retail ready packaging market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2022 to 2028 for the following segments
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By Product
- Die cut display boxes
- Corrugated boxes
- Shrink wrapped trays
- Folding cartons
- Others
By Material
- Paper & paperboard
- Plastic
By Application
- Food
- Dairy products
- Fruits & vegetables
- Meat & poultry
- Beverage
- Cosmetics & personal care
- Pharmaceuticals
- Others
The above information is provided on a regional and country basis for the following
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
