Published on : Oct 24, 2017
Albany, New York, October 24, 2017: A new research report titled “Retail Ready Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” has been freshly broadcasted to the vast repository of Market Research Hub, which provides an in-depth study on the current as well as future scenario of the retail ready packaging market across the world. After an in-depth study of the market, the analysts have included drivers, restraints, opportunities and trends to offer a crystal clear picture to the clients. Further, the study provides actual data of 2016 along with estimated data of 2017, and forecast data up to 2025 in terms of revenue (US$ Mn) and volume (Mn Tons).
As the name suggests, the global retail ready packaging market is displaying rapid growth predominantly due to the rapid growth of modern retail channels such as supermarkets, hypermarkets, and convenience stores across the world. Retail ready packaging (RRP) is used to package consumer products such as food and beverages. Retail ready packaging is also known as shelf ready packaging, refers to secondary packaging of retail products that arrive all set to go directly onto the shelf or selling floor without the need for unpacking of inner contents.
Geographically, a detailed analysis of regions of the global market for the retail ready packaging has offered in this report along with an attempt to educate the key players in the market about in which region they should invest in. Key regions profiled in the study are North America, Middle East & Africa, Latin America, Asia Pacific and Europe. Asia Pacific, of them, is predicted to register maximum growth in the upcoming years because of the ratification in retail supply chain in its developing nations, such as India and Japan. In addition, the report includes consumption of retail ready packaging and the revenue generated from sales of retail ready packaging across the globe and key countries. As per the analyst estimations, the global retail ready packaging market will attract a revenue of US$60,521.1 mn by the end of 2017. Exhibiting a CAGR of more than 4.3% between 2017 and 2025, the market will touch a valuation of US$84,465.6 mn by the end of 2025.
Furthermore, global retail ready packaging market can be segmented on the basis of material, product type and application. It is an important section by which the analysts identify Y-o-Y growth projections, basis point share analysis, market value, volume and market attractiveness analysis for each segment. By material, the study covers paperboard & paper; plastics and other. Product type includes Die-cut Display containers, Folding Cartons, Plastic Containers, Corrugated cardboard boxes, Shrink Wrapped trays, Modified Cases. Retail ready packaging finds extensive application in food, beverages, health & beauty products, household products, electronics, flowers, and others. The food segment is currently recording a substantial revenue in the retail ready packaging market and is likely to retain its supremacy until the end of the forecast period.
Some of the leading players in the global retail ready packaging market include International Paper Company, DS Smith plc, Orora Packaging Australia Pty Ltd, Smurfit Kappa Group plc, Mondi, Amcor Limited, Caps Cases Limited, LINPAC Packaging i2i Europe Ltd, Creative Corrugated Designs, Inc.
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