Retail Ready Packaging Market Update Analysis m

Snehal
Snehal 1/2/2020 6:14:11 AM

Retail
Ready Packaging Market Update, Analysis, Forecast, 2020 – 2026


APAC retail ready packaging market size,
furthered by sustained demand for processed food & beverages and
augmentation in retail sector, is expected to grow profoundly during the
assessment period 2019-2026. Nonetheless, APAC retail ready packaging market
revenue reigned supreme in 2018 and is anticipated to grow unabatingly during
the forecast period.

Stakeholders are expected to invest
heavily in emerging economies such as India and China as these countries are
experiencing considerable growth in retail sector. For instance, National
Investment Promotion and Facilitation Agency India has predicted Indian retail
market to zoom to US$ 1.7 trillion in the ensuing period.

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Complementing sustainability using
recyclable or reusable materials is set to act as a fillip in retail ready
packaging market. Retail ready packaging (RRP), also known as display ready
packaging will be underpinned by growth in retail sector and upsurge in food
& beverage sales volume in various outlets. RRP has been furthering shelf
space efficiency as these products are widely available in one piece and
two-piece pack style products. Stakeholders envisage retail ready packaging
market trends to expand robustly in the wake of proliferating retail sector and
robust food & beverage industry.

Corrugated boxes are set to dominate RRP
demand as the segment is touted to garner substantial revenue in light of
increased traction observed in food & beverage industry. The demand for
corrugated boxes will be fueled by popularity of reusable raw materials.
Further, growth in RRP will be fostered by labor cost savings owing to
reduction of product handling requirements in the course of stocking.

Assessing myriad factors, Global Market
Insights, Inc. projects retail ready packaging market size to surpass US$ 51
billion by 2026. Flourishing retail sector in emerging economies is anticipated
to foster the industry growth.

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In a bid to bolster their CRM, prominent
players are overwhelmingly investing in the retail ready packaging. For
instance, International Players Company is bolstering the production of raw
materials such as pulp & paper and retail ready packaging. Some of the preeminent
players are also infusing funds in research & development activities. It is
worth noting that paper & paper board will have boost retail ready
packaging market share owing to their sustained demand in production of various
products.

Leading companies such as Georgia-Pacific
Packaging have state-of-the-art innovative institute which enables stakeholders
to test novel concepts. The company came up with brand ready packaging—a new
type of retail ready packaging— which apparently complements high graphics
packaging solutions and eventually undergirds on-shelf brand impact by helping
brand owners easily embrace secondary packaging solution.

With companies looking to leave no stone
unturned, capacity expansion strategies have gained grounds in the past few
years. For instance, Amcor poured in investment of over US$ 25 million to
upgrade its facilities in Madison. The infusion would not only boost
macro-economic factors such as employment, but it would also help expand
capacity, bolster quality and reduce waste.

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Some of the prominent players such as
Georgia-Pacific LLC, Amcor, International Paper Company, D S Smith, Packaging
corporation of America are contemplating expansion of product portfolios
through capacity expansions and mergers & acquisitions.

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.

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