Retail Ready Packaging Global Market By Product Type, By Material, By Technology, By Application, By End User, By Regional Forecast 2024-2033 | Amcor plc, BillerudKorsnas AB, Caps Cases Ltd., DS Smith plc, Huhtamaki Oyj

Retail Ready Packaging Global Market

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The Retail Ready Packaging Global Market Report 2023 by The Business Research Company, provides retail ready packaging market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Retail Ready Packaging Global Market Report 2023, the market size is expected to grow from $76.44 billion in 2022 to $81.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global retail ready packaging is expected to grow to $105.13 billion in 2027 at a CAGR of 6.4%.

The rapid expansion of the retail sector is contributing to the growth of the retail-ready packaging market going forward. The retail sector refers to businesses that sell goods through stores, on the internet, or to the public in small quantities. Retail-ready packaging is helpful for the retail sector by reducing labor expenditures, providing customers with a more efficient shopping experience, and encouraging impulsive purchases.

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The retail ready packaging market is segmented:

1) By Product: Die Cut Display Boxes, Corrugated Boxes, Shrink Wrapped Trays, Folding Cartons, Other Products

2) By Material: Paper and Paperboard, Plastic

3) By Application: Food, Beverage, Cosmetics and Personal Care, Pharmaceuticals

New product developments have emerged as a key trend gaining popularity in the retail-ready packaging market. Companies operating in the retail-ready packaging sector are developing innovative products to strengthen their position in the market. For instance, in April 2022, Amcor plc, an Australia-based packaging company, launched high-shield laminate packaging. This packaging solution is a new low-carbon, recyclable packaging option that satisfies the industry’s high barrier and performance standards on two fronts. These new High Shield packaging options, which offer options in both paper-based and polyolefin-based materials, include more environmentally friendly pharmaceutical sachet, stick pack, and strip pack packaging. The inventive material structure supports pharmaceutical companies’ efforts to differentiate themselves on the market by enabling recycle-readiness in accordance with regional demands.

The retail ready packaging market report table of contents includes: