What Does the Historical and Current Retail Ready Packaging Market Size Trend Indicate?
The retail ready packaging market has seen considerable growth due to a variety of factors.
• The market size of retail ready packaging has experienced robust growth in the past few years. Projected to surge from $87.73 billion in 2024 to $93.97 billion in 2025, the market will witness a compound annual growth rate (CAGR) of 7.1%.
The historical growth can be credited to factors such as improved shelf restocking efficiency, increased brand visibility, decreased packaging waste, savings in supply chain expenses, and a reduction in in-store labor.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Retail Ready Packaging Market?
The retail ready packaging market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are in place for robust expansion of the retail ready packaging market in the upcoming years, with an estimated value of $134.97 billion by 2029, following a compound annual growth rate (CAGR) of 9.5%.
The projected growth within this period can be associated with the ongoing emphasis on efficiency, the requirements for e-commerce packaging, customization to distinguish brands, ecological considerations and automation integration. Leading trends predicted for this period include focus on reducing packaging waste, incorporating smart packaging technologies, e-commerce-adaptive packaging solutions, popularization of stand-up pouches and flexible packaging, along with breakthroughs in shelf-ready packaging designs.
What Factors Are Driving Growth In The Retail Ready Packaging Market?
The boom in retail industry is propelling the growth of the retail-ready packaging market. In essence, the retail industry encompasses establishments that vend products through physical and virtual storefronts, or sell goods directly to the consumer in small volumes. Retail-ready packaging enhances the effectiveness of the retail field by cutting down labor costs, offering an improved shopping experience to consumers, and stimulating unplanned buying. For example, as reported by the US Census Bureau, a government entity in the US, retail sales in the United States totaled $6519.8 billion in 2021 and jumped by 8% to hit $7041 billion in 2022. Hence, the fast-paced growth of the retail industry is fueling the ascension of the retail-ready packaging market.
What Are The Key Segments Within The Global Retail Ready Packaging Market?
The retail ready packaging market covered in this report is segmented –
1) By Product: Die Cut Display Boxes, Corrugated Boxes, Shrink Wrapped Trays, Folding Cartons, Other Products
2) By Material: Paper and Paperboard, Plastic
3) By Application: Food, Beverage, Cosmetics and Personal Care, Pharmaceuticals
Subsegments:
1) By Die Cut Display Boxes: Shelf-Ready Boxes, Display Trays
2) By Corrugated Boxes: Single-Wall Boxes, Double-Wall Boxes, Triple-Wall Boxes
3) By Shrink Wrapped Trays: Plastic Trays, Cardboard Trays
4) By Folding Cartons: Regular Slotted Cartons (RSC), Half Slotted Cartons, Full Overlap Cartons
5) By Other Products: Clamshell Packaging, Pouches, Blister Packaging
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How Are New Trends Impacting The Size Of The Retail Ready Packaging Market?
The introduction of new products has become a predominant trend in the retail-ready packaging industry. Corporations in this sector are focusing on innovating advanced products to solidify their market stance. For example, Amcor PLC, a packaging firm based in Australia, rolled out their high-shield laminate packaging in April 2022. This low-carbon, recyclable packaging solution aligns with the stringent barrier and performance requirements of the industry. The High Shield packaging options, available in paper-based and polyolefin-based variants, propose environmentally-friendly pharmaceutical sachet, stick pack, and strip pack packaging solutions. The novel materials used for these packagings assist pharmaceutical companies to distinguish themselves in the market by promoting recycle-readiness in response to regional needs.
Who Are the Key Players in the Retail Ready Packaging Market?
Major companies operating in the retail ready packaging market include:
• WestRock Company
• International Paper Company
• Georgia-Pacific LLC
• Amcor plc
• Smurfit Kappa Group plc
• Mondi plc
• Graphic Packaging International LLC
• Packaging Corporation of America
• DS Smith plc
• Huhtamaki Oyj
• Orora Ltd.
• Pratt Industries Inc.
• SIG Combibloc Group Ltd.
• BillerudKorsnas AB
• Clearwater Paper Corporation
• Uflex Ltd.
• Green Bay Packaging Inc.
• PaperWorks Industries Inc.
• Delkor Systems Inc.
• Vanguard Packaging LLC
• Caps Cases Ltd.
• Rondo Ganahl AG
• Weedon Group Ltd.
• The Cardboard Box Company Ltd.
• Bennett Packaging Of Kansas City Inc.
• i2i Europe Ltd.
• Service Technology International Ltd.
• Bahmuller GmbH
• Packaging Innovations Ltd.
• Detpak Packaging Philippines Inc.
• Atlas Packaging Ltd.
• Belmont Packaging Ltd.
What are the Regional Insights into the Retail Ready Packaging Market?
North America was the largest region in the retail ready packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail ready packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
