Retail-ready Packaging Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022 Pages: 140 SKU: IRTNTR72775

The retail-ready packaging market share is expected to increase by USD 16.92 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.82%.

This retail-ready packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers retail-ready packaging market segmentation by end-user (food, beverages, household products, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The retail-ready packaging market report also offers information on several market vendors, including Bandall BV, Caps Cases Ltd., DS Smith Plc, Graphic Packaging Holding Co., Great Northern Corp., International Paper Co., Koch Industries Inc., Logson Group, Mid-Atlantic Packaging Inc., Mondi Group, Orora Ltd., Packaging Corp. of America, Smurfit Kappa Group, Sonoco Products Co., STI Gustav Stabernack GmbH, Tosca Services LLC, Vanguard Packaging LLC, Visy Group, Weedon Group Ltd., and The West Rock group among others.

What will the Retail-ready Packaging Market Size be During the Forecast Period?

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Retail-ready Packaging Market: Key Drivers, Trends, and Challenges

The increased adoption of corrugated boxes is notably driving the retail-ready packaging market growth, although factors such as rising prices of wood pulp and paper may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the retail-ready packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Retail-ready Packaging Market Driver

The increased adoption of corrugated boxes is one of the key drivers supporting the retail-ready packaging market growth. Corrugated boxes are available in several forms and serve as packaging solutions for various products such as food, beverages, durable and non-durable products. This will drive the retail-ready packaging market. In the retail sector, the high demand for fast food requires lightweight and convenient packaging, which helps the market to grow. They are expected to contribute significantly to the total revenue of the market. Furthermore, corrugated packaging facilitates easy and quick material handling, which helps in the easy replenishment of the products, besides enabling retailers to make optimum utilization of shelf space which adds to the cost reduction for the retailers and manufacturers. Such beneficial attributes will drive the market growth during the forecast period.

Key Retail-ready Packaging Market Trend

M and A leading to market consolidation is one of the key trends contributing to the retail-ready packaging market growth. To gain an edge in the market, many companies have stepped forward to reduce competition through inorganic growth. For example, DS Smith acquired Interstate Resources, a US-based manufacturer and supplier of corrugated packaging products, in August 2017. In June 2018, DS Smith acquired Corrugated Container Corporation in the US and announced the proposed acquisition of Europac, a leading Western European integrated packaging business. Another example is the acquisition of KapStone Paper and Packaging by WestRock, which received a green signal from the European Commission in 2017. Thus, companies stepping forward to reduce competition will positively impact the market during the forecast period.

Key Retail-ready Packaging Market Challenge

Rising prices of wood pulp and paper is one of the factors hindering the retail-ready packaging market growth. Over the last few years, since 2019, paper mills raised the prices of kraft paper, which is the main raw material for the industry, by $20 to $40 per ton. However, buyers of corrugated boxes refuse to pay higher prices despite repeated requests. The profit margin for the packaging industry has contracted because of the rise in the price of all raw materials, mainly kraft paper, which is estimated to be around 70% to 76% of the total input cost.  Moreover, the increase in prices by paper mills is met by resistance by packaging users. This can compel many manufacturers to shut down their operations. Thus, the shutdown of the corrugated cardboard industry will have a drastic impact on the retail-ready packaging market since it is among the important raw materials.

This retail-ready packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global retail-ready packaging market as a part of the global metal and glass containers market . Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the retail-ready packaging market during the forecast period.

Who are the Major Retail-ready Packaging Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Bandall BV
  • Caps Cases Ltd.
  • DS Smith Plc
  • Graphic Packaging Holding Co.
  • Great Northern Corp.
  • International Paper Co.
  • Koch Industries Inc.
  • Logson Group
  • Mid-Atlantic Packaging Inc.
  • Mondi Group
  • Orora Ltd.
  • Packaging Corp. of America
  • Smurfit Kappa Group
  • Sonoco Products Co.
  • STI Gustav Stabernack GmbH
  • Tosca Services LLC
  • Vanguard Packaging LLC
  • Visy Group
  • Weedon Group Ltd.
  • The West Rock group

 

This statistical study of the retail-ready packaging market encompasses successful business strategies deployed by the key vendors. The retail-ready packaging market is fragmented and the vendors are deploying growth strategies such as product customization, product differentiation, and price differentiation to compete in the market.

Product Insights and News

  • Bandall BV - Under unified segment, the company manufactures bundling and banding solutions. 
  • Bandall BV - The company offers retail-ready packaging products such as open trays. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The retail-ready packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Retail-ready Packaging Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the retail-ready packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Retail-ready Packaging Market?

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36% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for retail-ready packaging market in North America. Market growth in this region will be faster than the growth of the market in APAC.

Many buyers switch to sustainable packaging for their goods, which will facilitate the retail-ready packaging market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

North America is one of the primary regions that was severely affected by the COVID-19 pandemic in 2020. However, in the first half of 2021, several countries lifted lockdowns and resumed their production and manufacturing activities, owing to the ramping up of the vaccination drives all over the region. Thus, the demand for retail-ready packaging is expected to witness an accelerating growth momentum during the forecast period.

What are the Revenue-generating End-user Segments in the Retail-ready Packaging Market?

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The retail-ready packaging market share growth by the food segment will be significant during the forecast period. Growing urbanization and expansion of organized retailing in developing countries are significant factors that influence the demand for packaged food products. These high-volume products need frequent replenishment leading to an increase in retail-ready packaging. Aesthetic appeal, customer convenience, material compatibility, and product features are factors that help vendors in determining the type of packaging to be used for food products. Rigid plastics, corrugated boxes, die-cut wraps, and shrink wraps are the most important packaging products used in the food packaging market, primarily because they are easy to carry and store. Such factors will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the retail-ready packaging market size and actionable market insights on post COVID-19 impact on each segment.

 

Retail-ready Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.82%

Market growth 2022-2026

$ 16.92 million

Market structure

Fragmented

YoY growth (%)

4.16

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bandall BV, Caps Cases Ltd., DS Smith Plc, Graphic Packaging Holding Co., Great Northern Corp., International Paper Co., Koch Industries Inc., Logson Group, Mid-Atlantic Packaging Inc., Mondi Group, Orora Ltd., Packaging Corp. of America, Smurfit Kappa Group, Sonoco Products Co., STI Gustav Stabernack GmbH, Tosca Services LLC, Vanguard Packaging LLC, Visy Group, Weedon Group Ltd., and The West Rock group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Retail-ready Packaging Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive retail-ready packaging market growth during the next five years
  • Precise estimation of the retail-ready packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the retail-ready packaging industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of retail-ready packaging market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Food - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Food - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Food - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Food - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Food - Year-over-year growth 2021-2026 (%)
  • 5.4 Beverages - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Beverages - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Beverages - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Beverages - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Beverages - Year-over-year growth 2021-2026 (%)
  • 5.5 Household products - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Household products - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Household products - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Household products - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Household products - Year-over-year growth 2021-2026 (%)
  • 5.6 Others - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by End-user
    • Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 China - Market size and forecast 2021-2026
    • Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.12 Canada - Market size and forecast 2021-2026
    • Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 Bandall BV
    • Exhibit 97: Bandall BV - Overview
    • Exhibit 98: Bandall BV - Product / Service
    • Exhibit 99: Bandall BV - Key offerings
  • 10.4 Caps Cases Ltd.
    • Exhibit 100: Caps Cases Ltd. - Overview
    • Exhibit 101: Caps Cases Ltd. - Product / Service
    • Exhibit 102: Caps Cases Ltd. - Key offerings
  • 10.5 DS Smith Plc
    • Exhibit 103: DS Smith Plc - Overview
    • Exhibit 104: DS Smith Plc - Business segments
    • Exhibit 105: DS Smith Plc - Key offerings
    • Exhibit 106: DS Smith Plc - Segment focus
  • 10.6 Graphic Packaging Holding Co.
    • Exhibit 107: Graphic Packaging Holding Co. - Overview
    • Exhibit 108: Graphic Packaging Holding Co. - Business segments
    • Exhibit 109: Graphic Packaging Holding Co. - Key news
    • Exhibit 110: Graphic Packaging Holding Co. - Key offerings
    • Exhibit 111: Graphic Packaging Holding Co. - Segment focus
  • 10.7 Great Northern Corp.
    • Exhibit 112: Great Northern Corp. - Overview
    • Exhibit 113: Great Northern Corp. - Product / Service
    • Exhibit 114: Great Northern Corp. - Key offerings
  • 10.8 International Paper Co.
    • Exhibit 115: International Paper Co. - Overview
    • Exhibit 116: International Paper Co. - Business segments
    • Exhibit 117: International Paper Co. - Key news
    • Exhibit 118: International Paper Co. - Key offerings
    • Exhibit 119: International Paper Co. - Segment focus
  • 10.9 Koch Industries Inc.
    • Exhibit 120: Koch Industries Inc. - Overview
    • Exhibit 121: Koch Industries Inc. - Product / Service
    • Exhibit 122: Koch Industries Inc. - Key offerings
  • 10.10 Mondi Group
    • Exhibit 123: Mondi Group - Overview
    • Exhibit 124: Mondi Group - Business segments
    • Exhibit 125: Mondi Group - Key news
    • Exhibit 126: Mondi Group - Key offerings
    • Exhibit 127: Mondi Group - Segment focus
  • 10.11 Smurfit Kappa Group
    • Exhibit 128: Smurfit Kappa Group - Overview
    • Exhibit 129: Smurfit Kappa Group - Business segments
    • Exhibit 130: Smurfit Kappa Group - Key news
    • Exhibit 131: Smurfit Kappa Group - Key offerings
    • Exhibit 132: Smurfit Kappa Group - Segment focus
  • 10.12 STI Gustav Stabernack GmbH
    • Exhibit 133: STI Gustav Stabernack GmbH - Overview
    • Exhibit 134: STI Gustav Stabernack GmbH - Product / Service
    • Exhibit 135: STI Gustav Stabernack GmbH - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 136: Inclusions checklist
    • Exhibit 137: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 138: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 139: Research methodology
    • Exhibit 140: Validation techniques employed for market sizing
    • Exhibit 141: Information sources
  • 11.5 List of abbreviations
    • Exhibit 142: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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