Retail Ready Packaging Market Size, Growth to Reach USD 98530.6 million by 2030 | Credence Research

NEW YORK - Dec. 23, 2023 - PRLog -- The latest market report published by Credence Research, Inc. The global demand for Retail Ready Packaging  was valued at USD 65184.5 million in 2022 and is expected to reach USD 98530.6 Million in 2030, growing at a CAGR of 5.30% between 2023 and 2030.

The retail industry has been evolving rapidly, driven by changing consumer preferences and the need for greater efficiency in supply chains. Retail ready packaging (RRP) has emerged as a pivotal solution to address these challenges. RRP, also known as shelf-ready packaging, not only enhances product visibility on store shelves but also streamlines the replenishment process, making it a critical component of the modern retail ecosystem.

Market Segmentation

The retail ready packaging market can be segmented based on various factors, including packaging type, material, end-user, and region. Common packaging types include corrugated boxes, plastic containers, and trays. Materials can range from cardboard and plastic to metal and glass. End-users of RRP span across various industries, including food and beverages, cosmetics, electronics, and more.

Regional Perspective

The retail ready packaging market is not limited to a specific geography, with North America and Europe leading the way in adoption. However, emerging economies in Asia-Pacific and Latin America are expected to witness significant growth due to expanding retail sectors and changing consumer behavior.

Browse the Full Report: https://www.credenceresearch.com/report/retail-ready-packaging-market

List of Companies Covered:

• DS Smith plc (U.K.)
• Smurfit Kappa Group plc (Ireland)
• Mondi (U.K.)
• International Paper Company (U.S.)
• Caps Cases Limited (U.K.)
• Orora Packaging Australia Pty Ltd (Australia)
• WestRock Company (U.S.)
• Kapco Packaging (India)
• Amcor Limited (Australia)
• Georgia Pacific LLC (U.S.)
• Clearwater Paper Corporation (U.S.)
• Packaging Corporation of America (U.S.)
• Weedon Group Ltd. (U.K.)
• STI Group (Germany)
• Ashtonne Packaging (India)

By Segmentation

By Type of Retail Ready Packaging:

• Die-Cut Displays
• Shelf-Ready Trays
• Retail Ready Cartons
• Bags and Pouches
• Shrink-Wrapped Trays
• Other RRP Solutions

By Material Type:

• Cardboard and Paperboard
• Plastic
• Corrugated Board
• Other Materials

By Product Category:

• Food and Beverage
• Health and Beauty
• Household and Cleaning
• Electronics and Technology
• Apparel and Fashion
• Toys and Games
• Home and Garden
• Automotive
• Others

By Retail Format:

• Supermarkets and Hypermarkets
• Convenience Stores
• Department Stores
• Discount Stores
• Online Retail

By Sustainability Features:

• Recyclable Packaging
• Biodegradable Materials
• Reusable Packaging
• Reduced Packaging Waste
• Eco-Friendly Printing

By Region

• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)