Retail Ready Packaging Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Die-cut Display Containers, Corrugated Cardboard Boxes, Folded Cartons, Shrink Wrapped Trays, Modified Cases, Others), By Material Type (Paper & Paperboard, Plastic, Others), By Application (Food & Beverages, Industrial Goods, Healthcare, Personal care & Cosmetics, Durable Consumer Goods, Others) and Region

Retail Ready Packaging Market size was valued at US$ 87.2 billion in 2023 and is projected to reach US$ 120.5 billion by 2030 and poised to grow at a 4.6% CAGR from 2024-2030. The primary objective of retail packaging is to make the packed product appealing to retailers and prospective buyers. The increased competition in consumer goods, food and beverage, electronics, and personal care and cosmetics is driving end-use players in these industries to develop retail-ready packaging that enables customer and merchandise engagement while reducing the need for individual product packaging, thus supporting market demand.

Moreover, The United States has a significant retail industry, with brick-and-mortar establishments accounting for the vast bulk of purchases. According to U.S. Census data, retail outlets continue to be the primary place for most consumers to shop. The fast rise of the e-commerce industry has boosted the use of ready retail packaging. According to the National Retail Federation (NRF), businesses that have retail storefronts run nine of the top ten e-commerce websites. The NRF predicts that retail sales will climb by 4-6% by the end of 2023 compared to the previous year. Furthermore, rise in the number of new stores has been observed in the United States, indicating a highly favourable prognosis for the industry. In addition, the food and beverage business are a key driver of the US economy. According to the United States Department of Agriculture (US$A), the country has 41,080 food and beverage processing plants in 2021. This is projected to drive product makers to create retail-ready packaging that conveys clear data about their items, hence driving market growth.

Retail Ready Packaging Market Key Developments:

• In February 2024, Preferred Packaging, a major part of C-P Flexible Packaging, and Northwest Frozen LLC have announced a significant collaboration to produce an innovative line of refrigerated, prepared meals with extended shelf life for retail distribution.
• In October 2022, PACK EXPO, ORBIS Corporation, a global leader in reusable packaging, emphasized the relevance of integrated reusable packaging solutions in improving supply chain effectiveness and sustainability. The XpressBulk retail-ready merchandising trays provide a sustainable, effective solution to the manual shelf replenishment process by allowing for the quick and easy movement of product from the truck to the store floor.