Global Shelf Ready Packaging Market Size By Material Type (Corrugated Board, Plastic), By Product Type (Die-cut Display Containers, Corrugated Cardboard Boxes, Shrink Wrapped Trays), By End-User Industry (Food, Beverages, Household Products), By Geographic Scope And Forecast

Shelf Ready Packaging Market Size And Forecast

Shelf Ready Packaging Market size was valued at USD 69.41 Billion in 2023 and is projected to reach USD 98.78 Billion by 2031, growing at a CAGR of 4.51% from 2024 to 2031.

• Shelf Ready Packaging (SRP) is a packaging solution developed for the convenience of use in retail settings, allowing products to be stocked on shelves with minimal touch. SRP designs often contain elements like as ease of opening, product visibility, and compatibility with standard shelf systems. SRP’s major purpose is to speed the stocking process, lower labor expenses, and improve the product’s shelf attractiveness.
• SRP is widely utilized in several retail sectors, including grocery, pharmaceuticals, and consumer goods, to increase efficiency and visibility. It allows for quicker restocking and greater organization, which can increase sales and customer satisfaction. SRP’s scope is projected to expand in the future as technology and sustainability develop.
• Smart packaging with embedded sensors and eco-friendly materials is projected to gain popularity, addressing both operational and environmental problems. Furthermore, integrating SRP with digital platforms for real-time inventory management and consumer involvement could boost its usefulness in the retail environment.

Global Shelf Ready Packaging Market Dynamics

The key market dynamics that are shaping the global shelf-ready packaging market include

Key Market Drivers

• Rising Demand in the Retail SectorShelf Ready Packaging (SRP) use is increasing in the retail industry due to the expansion of supermarkets and hypermarkets. According to the Food Marketing Institute, supermarket sales in the United States were $701.2 billion in 2018, with a substantial number of products employing SRP to enhance shelf efficiency and lower labor expenses.
• Cost Reduction for RetailersSRP reduces personnel costs and improves store efficiency, benefiting retailers. According to research conducted by the European Organization for Packaging and the Environment (EUROPEN), SRP can cut in-store labor expenses by up to 25% while increasing sales by 3-5% due to enhanced product visibility and shelf availability.
• Increasing Focus on SustainabilityConsumers and sellers are demanding more environmentally friendly packaging options. According to the Sustainable Packaging Coalition, 74% of consumers are willing to pay a premium for sustainable packaging. This trend is encouraging manufacturers to use SRP, which often requires less material than traditional packaging methods.

Key Challenges

• Retailer RequirementsMeeting the individual requirements of multiple merchants, such as shelf layout and display preferences, might complicate SRP design. Different shop contexts require customization, which complicates design and production.
• Durability and Protection It is difficult to ensure that SRP preserves products throughout transportation and on shelves while being user-friendly. Inadequate protection can result in product damage and returns.
• Supply Chain IntegrationSuccessfully incorporating SRP into current supply chains necessitates collaboration among producers, distributors, and retailers. Misalignment can cause delays and additional expenditures.
• Sustainability Meeting environmental criteria while retaining durability and aesthetics is a significant problem. Companies must strike a balance between the use of recyclable or biodegradable materials and the demand for durable packaging.

Key Trends

• Sustainability FocusThere is a rising emphasis in SRP on environmentally friendly materials, such as recycled and biodegradable alternatives. Consumers and retailers alike want packaging that has a lower environmental impact, which drives innovation in sustainable solutions.
• Digital Integration Smart packaging technologies such as QR codes and NFC are increasingly being used in SRP. These features increase consumer involvement by providing real-time information about product origins and promotions.
• Interactive Packaging Including interactive components, such as augmented reality (AR), in SRP increases consumer engagement and creates an immersive brand experience. This trend demonstrates the growing relevance of digital interactions
• Logistics Efficiency The goal of SRP designs is to improve logistics and supply chain efficiency. Easy-to-handle trays and streamlined packing minimize handling time and expense, allowing for more efficient refilling.

Global Shelf Ready Packaging Market Regional Analysis

Here is a more detailed regional analysis of the global shelf ready packaging market

North America

• North America has historically been a dominant force in the shelf-ready packaging market. The need for Shelf Ready Packaging (SRP) in North America is increasing significantly, owing to the mature retail sector in North America, headed by major retailers, continues to implement SRP solutions to improve operational efficiency. In 2020, US retail sales surpassed USD 4.06 Trillion, demonstrating the sector’s strength and the necessity for smart packaging solutions. In 2018, supermarket sales in the United States alone were USD 701.2 Billion, with a sizable number of products utilizing SRP to improve shelf efficiency and reduce labor expenses. Furthermore, customer preference for convenience is emerging as a major driver, with 83% of North American consumers favoring ease of product access, which SRP effectively enables by allowing for instant identification and replenishment.
• Environmental concerns are also driving the expansion of SRP in the region, with 74% of North American consumers preferring to pay more for sustainable packaging. This trend has resulted in the growing adoption of environmentally friendly SRP solutions, with large retailers like Walmart promising to 100% recyclable, reuse, or compostable packaging for their private brands by 2025. Technological improvements continue to fuel the SRP business, with the North American packaging machinery market valued at $11.5 billion in 2019. Investments in breakthrough SRP technologies are accelerating the development of more efficient, cost-effective, and environmentally friendly packaging solutions customized to North American demands.

Asia Pacific

• Asia Pacific is experiencing rapid growth in the shelf-ready packaging market. Shelf Ready Packaging (SRP) market demand is increasing significantly in the Asia Pacific area, owing to some causes. Rising disposable incomes in the region are dramatically increasing consumption of packaged products. The World Bank states that GDP per capita in East Asia and the Pacific increased by 53%, from $7,651 in 2010 to $11,725 in 2019.
• This higher power to spend is driving up demand for consumer goods and, as a result, for effective packaging solutions such as SRP. Additionally, the modernization of the retail sector is critical. According to Nielsen, modern trade formats such as supermarkets and hypermarkets rose by 5.3% in Southeast Asia in 2019, highlighting the importance of SRP in improving in-store efficiency and product presentation.
• The growing e-commerce sector is also driving the SRP market in Asia Pacific. According to eMarketer, regional e-commerce sales will total $2.45 trillion in 2020, accounting for 62.6% of global e-commerce sales. This tremendous development needs packaging solutions that are appropriate for both online and offline retail settings, which SRP effectively solves.
• Furthermore, government support for sustainable packaging techniques, as seen by China’s National Sword policy, and consumer willingness to pay more for eco-friendly packaging in Japan, contribute to SRP adoption.

Global Shelf Ready Packaging MarketSegmentation Analysis

The Global Shelf Ready Packaging Market is Segmented on the basis of Material Type, Product Type, End-User Industry, And Geography.

Shelf Ready Packaging Market, By Material Type

• Corrugated Board
• Plastic
• Paperboard

Based on Material Type, the market is bifurcated into Corrugated Board, Plastic, and Paperboard. The corrugated board now dominates the shelf-ready packaging market due to its affordability, adaptability, and recyclability. It provides superior product protection and customizing choices and is widely utilized in a variety of sectors. Paperboard, on the other hand, is emerging as the fastest-growing market, owing to rising consumer awareness of sustainability and increased demand for environmentally friendly packaging solutions. Paperboard strikes a mix between strength and aesthetic appeal, making it appropriate for a wide range of products, including food and cosmetics.

Shelf Ready Packaging Market, By Product Type

• Die-cut Display Containers
• Corrugated Cardboard Boxes
• Shrink Wrapped Trays
• Modified Cases
• Plastic Containers

Based on Product Type, the market is segmented into Die-cut Display Containers, Corrugated Cardboard Boxes, Shrink Wrapped Trays, Modified Cases, and Plastic Containers. Corrugated cardboard boxes currently dominate the shelf-ready packaging market due to their versatility, low cost, and ability to handle a wide range of product sizes and forms. They provide superior product protection and are widely used in various sectors. Die-cut display containers are emerging as the fastest-growing market, driven by a greater emphasis on product visibility and consumer involvement at the point of sale. These containers have customizable designs, allowing marketers to create eye-catching displays that increase product attractiveness and sales.

Shelf Ready Packaging Market, By End-User Industry

• Food
• Beverages
• Household Products
• Pharmaceuticals

Based on End-User Industry, the market is segmented into Food, Beverages, Household Products, and Pharmaceuticals. Food is the most important segment in the shelf-ready packaging market because of the large volume of packaged food goods and the requirement for efficient and appealing packaging to retain freshness and appeal to customers. The pharmaceuticals market, on the other hand, is growing at the quickest rate, owing to rising demand for easy and secure packaging solutions for medications and healthcare items, combined with severe regulatory requirements.

Key Players

The “Global Shelf Ready Packaging Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Visy, DS Smith, Smurfit Kappa, Mondi, International Paper, Bandall, STI Group, LC Packaging, DeLine Box & Display, WH Skinner, Cardboard Box, Clifford Packaging, Dunapack Packaging, WestRock, GWP, Europac, Rovema, Belmont Packaging, VPK Peterson, Cepac, Rondo Ganahl, Durham Box. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Shelf Ready Packaging Market Recent Developments

• In October 2023, Durham Box will debut elegant shelf-ready packaging for the fastest-growing home décor business. The packs are designed for simple setup, with an easy-close envelope and tear-off toppers for convenient in-store display.
• In January 2023, THIMM introduced the greatest Deli Reform solution for goods presentation and packaging. The combination of custom shelf-ready packaging and a display design allowed the Deli Reform brand to express itself efficiently and effectively in retail outlets.
• In May 2022, Smurfit Kappa U.K., a manufacturer of paper-based packaging products, purchased Atlas Packaging, a corrugated packaging provider. The organization has a strong market presence in the United Kingdom, allowing it to satisfy demand and deliver value to its diversified clientele.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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