Global Retail Ready Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material (Paper, Plastic, Glass, Metal), By Product (Corrugated Board, Bottles, Boxes, Containers, Blisters And Clamshells, Others), By End-User Industry (FMCG, Consumer Electronics, Healthcare, Others), And By Geography - Forecasts From 2021 To 2026

The global retail ready packaging market is projected to witness a CAGR of 3.17% during the forecast period to reach a total market size of US$92.704 billion by 2026, increasing from US$74.512 billion in 2019. 

Retail-ready packaging is a secondary packaging solution that makes it easier to stock retail shelves or store floors by reducing the handling requirements. These packaging designs ease the task for the retailer to sell their products.

What drives the market?

The retail-ready packaging is a convenient way to stock up on goods in supermarkets and stores. They require less space as more products can be put on a shelf at once and restocking time is cut down. These packages are easier to identify, open, replenish, and recycle making them a widely used solution to store goods across several industry verticals. Additionally, this packaging comes with unique design options which help consumers identify with the brands and increase product sales.

By end-user, FMGC is considered to hold a significant share as people indulge in buying more and more consumer goods owing to their increasing purchasing power. Geographically, North America is expected to capture the market due to the rapid technological advancement in packaging solutions. By product, corrugated boxes are rapidly expanding their share due to the increasing sale of consumer electronics products. These boxes are a safer solution to transfer and stock electronic products.  

Growth Factors.

• Availability of diverse products.

The manufacturing sector is witnessing a boom over the years from consumer electronics to processed food items. Along with it, the disposable income of the people has been rising which fuels the demand for consumer goods in the market. As a result, the stores must stock up on their products to serve the increasing consumer base. These packaging solutions allow the bundling of several products in a judicious way that can be straightforwardly stocked on the racks, post-acquirement. Moreover, it creates a more efficient shopping experience for consumers and often triggers impulse purchases.

• An increasing number of retail chains.

Retail stores are an important point of sale for several products under one roof. People rely largely on these stores for their daily supply of goods. Since the number of retail chains is expanding far and wide both globally and on the local level, the retail-ready packaging market is spectating proliferating growth. Walmart is presumed to have 11,000 operational stores globally while Costco has 776 warehouses. These growing retail chains are a major growth factor in the market.

Impact of COVID-19 on the Retail Ready Packaging Market

The pandemic has slowed down the production of various products in the retail-ready packaging market, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the retail-ready packaging market significantly in the first half of 2020. Further, the bleak future of the manufacturing industries is likely to harm the market growth throughout the year.

Competitive Insights.

The market leaders for the Global Retail Ready Packaging Market are DS Smith, Smurfit Kappa Group, HLP Klearfold, WS Packaging Group, Inc., Mondi, DuPont, Automated Packaging Systems, Inc., Bennett Packaging, Amcor Limited, Sonoco Products Company, Bemis Company, Inc, and 3M. The key players in the market implement growth strategies such as product launches, mergers, acquisitions, etc. to gain a competitive advantage over their competitors. For Instance,

• Flexible packaging producer Liqui-Box, a portfolio company of Olympus Partners, acquired DS Smith Plastics from DS Smith PLC in a transaction valued at approximately £400 million in 2020.
• In 2021, Smurfit Kappa Group acquired Cartones del Pacifico, a paper-based packaging company in Peru.  It expands its footprint in the Americas from 12 to 13 countries and builds on the group's position as a pan-regional supplier in Latin America.
• WS Packaging Group was acquired by Platinum Equity from the company J.W. Childs Associates, L.P. in 2018.
• Mondi completed the purchase of a 90.38% stake in Turkey-based Olmuksan International Paper Ambalaj Sanayi ve Ticaret from International Paper for €66m in 2021.
• Sealed Air Corporation had signed a definitive agreement to acquire Automated Packaging Systems, Inc., for a purchase price of $510 million in cash in 2019.
• In 2019, Amcor acquired Bemis Company Inc.
• Sonoco Products Company in 2020 acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for a total consideration of $49 million. In the same year, the company acquired Illinois-based Thermoform Engineered Quality (TEQ) including Stevenage (UK)-based Plastique Holdings in a $187m deal.

Segmentation:

• By Material
  • Paper
  • Plastic
  • Glass
  • Metal
• By Product
  • Corrugated Board
  • Bottles
  • Boxes
  • Containers
  • Blisters and Clamshells
  • Others
• By End-User Industry
  • FMCG
  • Consumer Electronics
  • Healthcare
  • Others
•  By Geography
  • North America
    • USA
    • Canadá
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Taiwan
    • Thailand
    • Others