Retail Ready Packaging Market Size, Share & Trends Analysis Report By Material (Plastic, Paper & Paperboard), By End-use (Electronics, Pharmaceuticals), By Product, By Region, And Segment Forecasts, 2023 - 2030

Retail Ready Packaging Market Size, Share & Trends Analysis Report By Material (Plastic, Paper & Paperboard), By End-use (Electronics, Pharmaceuticals), By Product, By Region, And Segment Forecasts, 2023 - 2030

Retail Ready Packaging Market Growth & Trends

The global retail ready packaging market size is anticipated to reach USD 126.52 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.6% from 2023 to 2030. This is attributed to the factors that emphasize lowering the overall labor cost associated with retail centers and reducing the time taken to check in and stock shelves.

The retail ready packaging is also known as shelf-ready packaging. The retail ready packaging enhances product visibility and reduces handling, which has contributed to its high adoption rate. Furthermore, it is designed to protect the products during transit and significantly reduce the chances of damage.

In September 2023, Smurfit Kappa and WestRock Company entered into a joint venture to formSmurfit WestRock. This strategic initiative is aimed at strengthening and expanding both companies’ product offerings in the market. In January 2023, Solidus Solutions announced its intent to showcase its Futureline product range consisting of retail ready packaging solutions at the Fruit Logistica show in Berlin. The show was held between 8th February 2023 and 10th February.

In November 2022, Robert Cullen Ltd announced an investment of USD 17.3 million (GBP 15.0 million) for the expansion of its UK-based manufacturing facility. The company manufactures corrugated boxes for ready retail packaging and this investment can help the company strengthen its presence in the market.

Retail Ready Packaging Market Report Highlights

• North America emerged as the dominant region in the market in 2022 in terms of revenue. The presence of a significant number of retail ready packaging manufacturers in the region is expected to drive the consumption of retail ready packaging products. Asia Pacific is expected to grow with the fastest growth rate over the forecast period. The growing urbanization in the region and the growth of supermarkets, hypermarkets, and other models of retail outlets in the region are expected to drive the market growth
• Based on material, the paper & paperboard dominated the overall market in 2022 with a revenue share of over 61.0%. The ease of recycling paperboard materials, minimal handling needs, along sustainable sourcing methods, have made it an ideal choice for the retail-ready packaging solutions
• Based on end-use, the food & beverage segment dominated the market in terms of revenue with a revenue share of over 37.0% in 2022. Retail-ready packaging plays a crucial role in the food and beverage industry, providing a means to protect, preserve, and present products to consumers
• Based on product, the die-cut display containers dominated the market with a revenue share of 30.0% in 2022. The die-cut display containers or boxes are stamped from corrugated sheets cookie-cutter style. They offer versatility in terms of size, style, shape, or design
• In June 2023, DS Smith launched DD Wrap, a new sustainable shelf-ready packaging solution. This new packaging solution is expected to improve the overall consumer in-store shopping experience and will enable the end-user company to enhance their brand visibility
• In May 2021, DS Smith announced investing USD 140.0 million in its research and development. This investment will be used to develop new materials to replace plastics and also develop strengthened corrugated cardboard for the market.

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