In Store Retail Packaging - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global In Store Retail Packaging Market is growing at a CAGR of 7.1% during the forecast period. Some of the key factors propelling the market growth include increase the adoption of fiber board-based packaging, Growth in organized retail, co-ordination between retailers, manufacturers & converters, and rise of sustainable packaging. However, low acceptance among smaller CPG manufacturers and highly regulated raw material procurement are likely to restraint the market.
By packaging, retail ready packaging is showing rapid growth mainly due to the brisk growth of modern-day retail networks such as hypermarkets, supermarkets, and convenience stores. Attractive retail packaging is helping to increase profitability, high visibility, and easy navigation of the product, which is significantly driving the in-store retail packaging market globally. Further, brands are collaborating with retail stores and vendors to increase profit margins by making retail-ready packaging visually appealing with high-quality prints.
On the basis of geography, North America is expected to have considerable market growth during the forecast period, due to high penetration of in-store retail packaging, are moving toward retail ready packaging to overcome the high labor and operational costs. With the change in governmental policies toward retail FDI investment, supermarkets and hypermarkets are increasing their presence in developing countries, thereby driving the global in-store retail packaging market.
Some of the key players in in store retail packaging market include Mondi, International Paper, Westrock, Weedon Group, DS Smith, Smurfit Kappa, DS Smith, Pratt Industries, C&B Display Packaging, STI Group, Conitex Sonoco, Indevco, Georgia Pacific, Menasha, Saica Pack, Mayr-MelnhofKarton AG, Packaging Corporation of America, Caps Cases, and STI Group.
• Paper Packing
• Rigid Plastic Packing
• Soft Plastic Packing
• Personal Care
• Beverage Industry
• Food Industry
• Display Packaging
• Retail Ready Packaging
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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