Global Retail-ready Packaging Market 2019-2023 | Use of Fiber-based Material for Packaging to Boost Growth | Technavio

The global retail-ready packaging market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio.

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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.

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.

“Along with the use of fiber-based material for packaging, the increasing use of corrugated boxes, the growth in organized retail segment, the M&A leading to market segmentation, and the growth in online retail stores/e-retailing are some other major factors that are expected to boost the growth of the retail-ready packaging market during the forecast period,” says a senior analyst at Technavio.

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.

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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

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