Pune, India, June 28, 2022 (GLOBE NEWSWIRE) -- The global retail ready packaging market size is expected to gain momentum owing to the increasing demand from the food & beverages sector during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Retail Ready Packaging Market, 2022-2029.”
The rising food and beverage demand, for processed food, particularly in developing countries, would contribute to the rise in popularity of retail-ready packaging, which delivers both aesthetic and aseptic value to products, making it a preferred choice in the food and beverage industry.
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List of Key Players Profiled in the Global Retail Ready Packaging Market:
- Mondi Group
- DS Smith
- Georgia-Pacific LLC
- Green Bay Packaging Inc.
- International Paper
- Smurfit Kappa
- the Cardboard Box Company
- Vanguard Packaging LLC
- Weedon Group Ltd.
- WestRock Company
What does the Report Offer?
The Retail Ready Packaging report is a collection of first-hand knowledge, qualitative and quantitative analysis by industry analysts, and input from industry professionals and value chain players an in-depth overview of current research and clinical advancements in retail-ready packaging.
Retail Ready Packaging Market Report Scope & Segmentation:
| Base Year | 2021 |
| Historic Years | 2018 - 2020 |
| Forecast Years | 2022 - 2029 |
| Segments Covered | By Material Type (Paper & Paperboard, Plastic, Others) By Application (Food & Beverages, Personal Care, Industrial Goods, Consumer Goods, Pharmaceuticals, Other) |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2022 to 2029 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | Mondi Group, DS Smith, Georgia-Pacific LLC, Green Bay Packaging Inc., International Paper, Smurfit Kappa, the Cardboard Box Company, Vanguard Packaging, LLC, Weedon Group Ltd.,WestRock Company and other players profiled. |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
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Industry Segments
By material type, the market is segmented into paper & paperboard, plastic, and others. On the basis of application, the market is segregated into food & beverages, personal care, industrial goods, consumer goods, pharmaceuticals, and others. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers & Restraints
Increasing Demand in End-Use Industries to Stimulate Growth
The global retail ready packaging market growth is expected to grow due to the rising demand in the end-use industry during the projected period. Various end-use industries such as Food, beverage, medicines, cosmetics, and personal care. In the packaging of processed foods, die cut trays, folding cartons, and corrugated boxes are commonly utilized. The rising global demand for processed foods and drinks is expected to drive the market share.
COVID-19 Impact
Negative Impact of Covid-19 on Retail Industry
Due to the extended lockdown in global countries, the COVID-19 pandemic has halted the production of a variety of products in the retail ready packaged sector. COVID-19 has already had a detrimental impact on equipment and machinery sales. To respond to urgent challenges and establish new working methods after COVID-19, industrial machinery manufacturers should focus on protecting their employees, operations, and supply networks.
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REGIONAL INSIGHTS
Technological Advancement to Promote Growth in North America
North America is expected to hold the largest global retail ready packaging market share during the forecast period. The rising R&D activities, Technological innovation, presence of prominent players are major contributing factors in the region.
North America is expected to have a sizable share of the market. This can mostly be attributed to India's and China's expanding retail sectors. The growth of numerous industries such as food and beverage, medicines, and cosmetics, and personal care has a significant impact on the area packaging business.
Competitive Landscape
Manufacturers Focus on R&D Investments to Strengthen their Position
The market is competitive because of the large number of businesses operating across national and international borders. Manufacturers are looking for ways to improve packaging's recycling ability. The new line loop packaging is designed to provide consumers with a zero-waste option that is also affordable and convenient in retail-ready packaging.
Industry Development
- June 2019: DS Smith PLC released a new line of loop-ready packaging designed to be more durable and to be reused several times before being recycled. They're designed to provide a zero-waste option for many of the retailer's most popular products while keeping low prices.
Key Questions Answered:
- What is the market size and CAGR of the Retail Ready Packaging Market during the forecast period?
- How is the growing demand impacting the growth of Europe Market shares?
- What is the growing demand of the Market during the forecast period?
- Who are the leading vendors in the market and what are their market shares?
- Is the impact of the COVID-19 pandemic on the APAC Market?
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