Authored By: Sarah
18 Aug 2024

Retail-Ready Packaging Market 2024-2028: Size and Rising prices of wood pulp and paper; growth driven by the End-user, Some of key Companies Positioned Strategically

The retail-ready packaging market size by End-user (Food, Beverages, Household products, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 17.1 million. The market is expected to grow at a CAGR of   4.85% between 2024 and 2028.

  • The corrugated cardboard packaging industry is currently experiencing significant margin compression due to escalating input costs, particularly in the area of kraft paper, which represents approximately 70-76% of total input costs. Since 2019, paper mills have increased the price of kraft paper by USD20 to USD40 per ton. However, buyers of corrugated boxes have remained reluctant to accept these price hikes, leading to a contracting profit margin for the packaging industry. This situation has placed immense pressure on the corrugated cardboard industry to find cost-effective solutions or risk decreased profitability.
  • The Retail-Ready Packaging (RRP) market is experiencing significant growth due to increasing consumer demand for convenience and improved supply chain efficiency. RRP solutions enable seamless transition from manufacturer to retailer, reducing handling and damage during transportation. Brands prioritize RRP to ensure product freshness, maintain brand image, and meet consumer expectations for a premium shopping experience. This trend is particularly prominent in the food and beverage sector, where time-sensitive products require specialized packaging solutions. The global RRP market is projected to expand at a CAGR of over 5% through 2027.

Access the full report to know who are the other key countries segment-wise forecast and historic data

 

Some of the Key Companies:

  • 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 Plc
  • Orora Ltd.
  • Packaging Corp. of America
  • Smurfit Kappa Group
  • Sonoco Products Co.
  • STI Gustav Stabernack GmbH
  • Tosca Services LLC
  • Vanguard Packaging LLC
  • Visy Industries Australia Pty Ltd.
  • Weedon Group Ltd.
  • WestRock Co.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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