Retail-Ready Packaging (RRP) Market Research Report
Growth opportunities in the Retail-Ready Packaging (RRP)
Market look promising over the next six years. This is mainly due to the
escalation in sales of the food and beverage sector, increment in the number of
items accessible, and increasing retail chains.
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Retail-Ready Packaging (RRP) Market Dynamics
(including market size, share, trends, forecast, growth, forecast, and industry
analysis)
Key
Drivers
Some of the drivers stimulating the growth of the global retail
ready packaging market include the augmentation in the availability of
items and the accelerating number of retail chains. Also, these packaging
imparts several advantages in contrast to the traditional retail packaging
regarding labor cost, product visibility, and stock handling. The packaging
allures and captivates brand owners and retailers by making the display more
attractive. Furthermore, the expansion in the growth of mass retailers and club
stores coupled with the broadening supply of food and beverage in
unconventional stores such as drug and dollar outlets are strengthening the
market size. The raised initiation of smaller-format locations by wholesalers
is expected to fuel the market as they possess limited product selection than
the standard counterparts with fewer employees. These stores can influence the
capability of these stores to enlarge the effectiveness of shelf space and
fasten the stocking of shelves. These factors will propel the retail ready
packaging market size.
The widespread outbreak of the coronavirus pandemic has
negatively impacted the market growth owing to the temporary suspension of the
manufacturing of many products led by the lockdown throughout the world.
Additionally, the COVID-19 affected the sales of tools and machinery, which
acted as a constraint for market growth.
Material
Type Segment Drivers
On the basis of the material type, paper and paperboard are
projected to expand at a faster CAGR over the forecast period. These are basic
raw materials implemented in the manufacturing of retail-ready packaging and
are also used as packaging materials in various industries, including homecare,
food & beverage, personal care, healthcare, hardware & electronics.
Moreover, these paperboards are flexible and can be curved, folded, and custom
die-cut in multiple ways. It is also viable to add graphics on the packaging
materials, such as hot foil stamping and embossing images on the surface of the
board. Furthermore, they offer enhanced efficiencies and cost savings
throughout the supply chain, which will bolster the market growth.
Retail-Ready
Packaging (RRP) Market’s leading Manufacturers:
·
WestRock Company
·
Vanguard Packaging Incorporated
·
Cardboard Box Company
·
International Paper
·
DS Smith
·
Caps Cases Limited
·
STI Group
·
Weedon Group
·
Smurfit Kappa
·
Mondi
Retail-Ready Packaging (RRP) Market Segmentation:
Segmentation by Type
·
Paper and Paperboard
·
Plastics
·
Others
Segmentation by Type of Package
·
Die-Cut Display Containers
·
Corrugated Cardboard Boxes
·
Shrink Wrapped Trays
·
Modified Cases
·
Plastic Containers
·
Others
Segmentation by End-User Application
·
Food & Beverage
·
Household Products
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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