Retail Ready Packaging Market Share Growth

Vijay Ovhal
Vijay Ovhal 5/5/2023 5:17:49 AM

Retail Ready Packaging Market Share, Growth Analysis, Industry
Statistics, Forecast by 2028

The retail ready packaging market is projected to witness
exponential development by 2028 on account of the booming pharmaceutical
industry.

Retail ready packaging is being rapidly adopted by various
mass retailers, supermarkets, and e-commerce packaging vendors as it
significantly reduces costs in supermarkets by saving on de-palletization. Many
retail stores around the world are upgrading to ensure better distribution,
optimization of shelf space, and ease of recycling, which has facilitated
product uptake in recent years.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/363

Moreover, to capitalize on emerging trends in the market,
companies have been engaging in lucrative strategies, which has favorably
impacted the overall business landscape of the retail ready packaging industry.
For instance, in August 2021, Refresco Group B.V., a major bottler and beverage
solutions provider, announced the acquisition of three production facilities in
the U.S. from The Coca-Cola Company, a leading beverage corporation. The deal
enabled Refresco to strengthen and expand its manufacturing footprint across
strategic locations.

The retail ready packaging market has been segmented on the
basis of application, material, product, and region. In terms of material, the
market has further been bifurcated into paper & paperboard and plastic.
Under plastics, the market has been categorized into PE, PETE, and others. The
PETE segment accounts for around 30% market share and is expected to grow at a
CAGR of above 4.5% through the assessment period.

From the viewpoint of product, the retail ready packaging
market has been classified into folding carton, die cut, shrink wrapped tray, corrugated
paper box, and others. The folding carton segment is estimated to amass
substantial gains over the forecast period. Folding carton, also called box
board, is a low grammage solid board that is ideally suited for the packaging
of lightweight products. Rapid expansion of the retail industry, along with the
proliferation of e-commerce, is likely to fuel product adoption.

Browse complete summary of this research report @ https://www.gminsights.com/industry-analysis/retail-ready-packaging-rrp-market

With respect to application, the market has been segregated
into pharmaceuticals, food, cosmetics & personal care, beverage, and others.
Under food, the market has further been divided into meat & poultry, dairy
products, and fruits & vegetables. The fruits & vegetables segment is
anticipated to expand at a CAGR of approximately 5.1% over the study timeline.
The pharmaceutical segment held a share of nearly 10% in 2021 and is set to
reach a considerable valuation by the end of 2028.

On the regional spectrum, the North America retail ready
packaging market registered a notable share of around 20% in the overall
industry revenue in 2021 and is poised to gain substantial traction over the
stipulated timeframe.

About Global Market Insights





















Global Market Insights Inc., headquartered in Delaware,
U.S., is a global market research and consulting service provider, offering
syndicated and custom research reports along with growth consulting services.
Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy,
and biotechnology.

Vijay Ovhal
Written by

Vijay Ovhal

Post a comment