Market Overview
Shelf Ready Packaging Market: Overview
Shelf ready packaging is a shelf-contained unit which plays a secondary role in packaging of goods but it is being used by sellers to attract buyers by its innovative design and treating it as a promotional platform which is making it a primary factor in business. The main reason to use shelf ready packaging is to decrease the in-store labor cost for stacking products on shelves but the associated reason to that is it can be used to do the self-publicity of the product. Due to growing concerns about reduction of waste generation, manufacturing industries are now trying to focus on recycling and reusing the packaging materials and to increase its cycle life. By doing this, the manufacturers are able to cut the unnecessary continuous cost of production in packaging. This secondary packaging used for shipping is now becoming efficient way to attract the customers which in turn increasing the shelf ready packaging market.
Shelf Ready Packaging Market: Dynamics
The major factors which are responsible for growth in shelf ready packaging market are reduction in operational cost, easy to disposal, less production of product waste, growth in retail market, easy transportation and growth in food especially packaged food & beverage demand. Shelf ready packaging becomes useful since food market and daily needs market transformed into a shopping mall and due to less availability of space, promotion on packaging with the help of digital printing packaging advancements helps to attract the customers. Sustainability is also a driving factor to the market of shelf ready packaging as it involves reuse of the material.
The factors which are restraining the shelf ready packaging market are e-commerce business due to which people are getting all the things available through smartphones, lack of flexibility in the promotion of the product or customize promotion from the customers, and extra inclusion of packaging cost.
Shelf Ready Packaging Market: Regional Outlook
On a global scale, North America has the highest market share in the shelf ready packaging market due to its enhanced retail revenue in recent years. India and China in Asia-Pacific region dominating market growth for shelf ready packaging in terms of both value and revenue due to increase in demand of food & beverage items. Increase in retail sector particularly in Asia-Pacific region is also a pivotal factor for the growth of shelf ready packaging market.
Due to already proven advantages of the trend, it is anticipated that shelf ready packaging market will emerge as successful market in coming years and will also increase its share in global packaging market due to increase in retail market.
Shelf Ready Packaging Market: Key Players
Some of the key players in shelf ready packaging over the world are Mondi PLC serves in United Kingdom, South Africa and Austria; Weedon Group in Europe, International Paper Company situated in United States, Orora Packaging Australia Pty Ltd in Australia, Amcor Limited located at Australia, Smurfit Kappa Group PLC in Ireland, LINPAC Packaging Ltd and Caps Cases Limited also situated in United Kingdom.
The key players in the report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on shelf ready packaging market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
Shelf Ready Packaging Market: Segmentation
The global shelf ready packaging market is segmented by material type, product type and end-use. The pricing for shelf ready packaging has being done based on material type segment in US$ million, and the volume is considered in tonnes.
The shelf ready packaging market is segmented on the basis of material type as
- paper & paperboard
- plastics
The shelf ready packaging market is segmented on the basis of product type as
- boxes
- trays
- containers
- folding cartons
- Out of these, market of corrugated cardboard box is anticipated to grow exponentially as compare to demand of other shelf ready packaging types.
The shelf ready packaging market is segmented on the basis of end use as
- food & beverages
- pharmaceutical
- personal care & cosmetics
- household
- electronics
- other end use
- In food application examples are dairy products, fruits & vegetables, pet food, baby food, confectionery and meat & seafood.
Reports Highlights:
- A detailed overview of parent market
- Changing shelf ready packaging market dynamics in the industry
- In-depth shelf ready packaging market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the shelf ready packaging market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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