Selbyville, Delaware, Dec. 16, 2019 (GLOBE NEWSWIRE) --
According to latest report “Retail Ready Packaging (RRP) Market by Product (Die Cast Display Box, Corrugated Paper Box, Shrink Wrapped Trays, Folding Cartons), Material (Paper & Paperboard, Plastic), Industry (Food, Beverages, Cosmetic & Personal Care, Pharmaceuticals), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of retail ready packaging (RRP) is predicted to reach $51 billion by 2026. Booming retail sector in the developing regions shall fuel the market growth.
Some major findings of the retail ready packaging market report include:
- Developments in the Asia Pacific retail sector is one of the pivotal factors driving the market demand.
- Paper & paperboard will have the largest market share due to their growing demand in production of various retail ready packaging products.
- Corrugated boxes industry will generate revenue owing to their increasing usage mainly for the packaging of food and beverages.
- Companies in the value chain are engaged in capacity expansions and mergers to gain competitive advantage over their competitors.
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Retail ready packaging or shelf ready packaging is a broader concept of packaging that allows easy identification of products and facilitates “one touch replenishment” principles. RRP mostly uses recyclable or reusable raw materials and hence are a preferred choice among various FMCG manufacturers. These products are available with vast range of printing techniques and in a wide range of one piece and two-piece pack style products. The growing retail sector across the globe along with the strive for reduction in labor cost amongst the retailers is projected to boost industry growth.
The retail ready packaging market has medium level of backward integration with some of the major player engaging in the production of raw materials. For instance, proficient players such as International Paper company is one of the largest players globally that engages in the production of both retail ready packaging and raw materials such as pulp & paper. The company is one of the largest renewable manufacturers across the globe. Some of the companies in the RRP market are also seen to actively engage in research and development for production of innovative products. Companies such as Georgia-Pacific Packaging owns state of art innovative institute that stimulates real world retail packaging environments to test new concepts. The company has developed a new type retail ready packaging known as “brand ready packaging” that creates high graphics packaging solutions that helps the brand owners to easily adopt secondary packaging solutions that facilitates an on-shelf brand impact.
Some proficient players are also seen to adopt capacity expansion strategies to attain a larger share in the retail ready packaging (RRP) market. For instance, Amcor, invested over USD 25 million to upgrade its facilities in Madison to improve quality, expand capacity, and reduce waste with an updated technology. Furthermore, this expansion is also expected to result in 50% increase in employment in the plant. These growing trend of strategical transformations in the market by the key players is projected to bring about more competition in the market in turn positively effecting the RRP demand in the coming years.
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Asia Pacific was the largest retail ready packaging market in terms of both volume and revenue in 2018 and is projected to exhibit the same trend throughout the review. The growing retail sector in the region coupled with the increasing demand for processed food and beverages shall generate substantial revenue generating opportunities in this region throughout the assessment period. Moreover, the increasing retail sales especially in China and India shall further aid to the market demand. According to National Investment Promotion & Facilitation Agency India, the India retail market shall cross USD 1.7 trillion in the coming years from USD 795 billion in 2017.
Browse key industry insights spread across 490 pages with 772 market data tables & 22 figures & charts from the report, “Retail Ready Packaging Market Size 2019–2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/retail-ready-packaging-rrp-market
Table of Contents (ToC) of the report:
Chapter 3. Retail Ready Packaging (RRP) Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2015 – 2026
3.3. Industry ecosystem analysis
3.3.1. Manufacturing trends
3.3.2. Profit margin
3.3.3. Value addition
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Recyclability
3.5. Painting techniques
3.6. Innovation & sustainability
3.6.1. Patent analysis
3.6.2. Production process
3.6.3. Future trends
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.2. Industry pitfalls & challenges
3.8. Regulatory landscape
3.8.1. U.S.
3.8.2. Europe
3.8.3. China
3.9. Growth potential analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Price by product
3.10.3. Price by material
3.10.4. Price by application
3.11. Competitive landscape, 2018
3.11.1. Company market share analysis, 2018
3.11.2. Brand analysis
3.11.3. Key stakeholders
3.11.4. Strategic dashboard
3.12. Porter’s analysis
3.12.1. Supplier power
3.12.2. Buyer power
3.12.3. Threat of new entrants
3.12.4. Threat of substitutes
3.12.5. Industry rivalry
3.13. PESTEL analysis
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/retail-ready-packaging-rrp-market
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.