DS Smith, Smurfit Kappa, Mondi, International Paper, and Westrock are identified as prominent vendors in the in-store retail packaging market.
Arizton’s recent market research report on the global in-store retail packaging market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The study segments the market by packaging (retail-ready packaging and display packaging), products (fiberboard and rigid plastic and others), applications (food, beverage, and other industries), and geography (Europe, APAC, North America, Latin America, and MEA).
The global retail-ready packaging segment is projected to grow at a CAGR of over 5% during the period 2018–2024
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The growth of retail-ready and display packaging is largely attributed to the growing retail landscape, which is adopting modern retailing techniques to reduce labor and handling costs while enabling higher replenishment efficiencies.
The retail-ready packaging market is divided into four major segments – packaging, products, applications, and geography.
Fiber board-based retail-ready packaging is widely adopted among retailers
Brands are using premium material for secondary packaging, making retail-ready packaging visually appealing with high-quality print and promoting their products via displays. The key advantages of retail-ready packaging are brand awareness, sales conversion, increasing profitability, and easy navigation. The fiberboard-based retail-ready packaging segment is expected to dominate the market during the forecast period. The increase in retail investments in APAC and the steady growth of the European market will aid the growth of the retail-ready packaging market globally.
The customers in Europe and North America are aware of environmental concerns, and currently, all packaging vendors are shifting toward recycled and reusable packaging. Compliance-related factors have also contributed to the high usage of corrugated and solid board fibers for in-store retail packaging. Rigid plastic-based retail-ready packaging is used when the primary packaging has to be visible, and brands require transparent rigid plastic for shelf storage. The transparent rigid plastic is widely used for retail-ready packaging of personal care products and other luxury items.
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The food industry to generate the highest value in the in-store retail packaging market
Retail-ready packaging for the food industry is mainly in the form of corrugated and cardboard material. The frequent launch of different varieties of food products and the advent of small-sized packs have resulted in high demand for retail-ready packaging. The demand for smaller food packs with retail-ready packaging made of micro flute materials is high in demand, as these materials facilitate high-quality print for high visual impact. Countertop display products are the most strategically located and witness higher sales turnaround than other display stands. Monolayer plastic packaging is likely to find high application in the fresh food industry, especially in APAC, MEA, and Latin American regions. The overall retail-ready packaging market is witnessing the fastest growth in the APAC region, aided by China. The demand for retail packaging is expected to be the highest for dairy products in Europe, followed by the US and China.
DS Smith, Smurfit Kappa, Mondi, International Paper, and Westrock are identified as prominent vendors in the in-store ready packaging market.
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The complete overview of the latest market research report on the global in-store retail packaging market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.
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