Global retail-ready packaging market size is forecast to grow by
USD 7.97 billion during 2019-2023 at a CAGR of 4% with food segment having the
largest market share. Retail ready packaging market analysis indicates growth
will be driven by the benefits of retail-ready packaging. Retail-ready
packaging industry growth will also be impacted by the use of fiber-based
material for packaging. A key factor driving the growth of the market are the
benefits of retail-ready packaging. Retail-ready packaging is used for moving
goods from case to shelves in a single attempt, without emptying single units.
Features such as robustness, shelf space optimization, and ease of
identification and disposal make retail-ready packaging solutions popular among
end-users. The enhanced visibility of this packaging type results in higher
customer satisfaction, leading to higher impulse purchase and increased sales.
The strength and stability of retail-ready packaging also minimizes the chances
of damage during transit. Such benefits will further enhance the preference for
retail-ready packaging, resulting in the growth of the market.
Looking for more information on this market? Request
a free sample report http://bit.ly/2KKozjc
As per Technavio, the use of fiber-based material for packaging
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
retail-ready packaging market research report also analyzes other
important trends and market drivers that will affect market growth over
2019-2023.
Global retail-ready packaging market: Use of fiber-based
material for packaging
Fiber-based materials are among the most suitable forms of
sustainable packaging materials. They are reusable, renewable, or biodegradable
materials that can be used in packaging products. They witness wide acceptance
in the food and beverage, chemical, and construction industries and are used
for products such as paper boards and corrugated packaging. Hence, some
enterprises offer packaging products made of fiber-based materials, hence, will
lead to its high adoption for packaging.
Global retail-ready packaging market: Segmentation analysis
This market research report segments the global retail-ready
packaging market by the end user (food, beverages, household products, other
end-users) and geographical regions (North America, Europe, APAC, South
America, and MEA).
The North American region led the market in 2018, followed by
Europe, APAC, South America, and MEA, respectively. However, during the
forecast period, the APAC region is expected to register the highest
incremental growth due to the rising household disposable income, which
increases the demand for processed and packaged food and beverages, and the
rapid growth in the retail e-commerce industry.
Some of the key topics covered in the report include:
Market Landscape
·
Market ecosystem
·
Market characteristics
·
Market segmentation analysis
Market Sizing
·
Market definition
·
Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
·
Regional comparison
·
Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
·
Vendors covered
·
Vendor classification
·
Market positioning of vendors
·
Competitive scenario
No comments:
Post a Comment