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Leading retailers across the globe are encouraging suppliers to use Retail Ready Packaging Boxes solutions, which is also signaling growth in the market. The retail industry is gradually shifting towards small-format packages, which too has influenced the market growth. Other factors which contribute to the market expansion include a rise in the number of smaller stores and specialty stores. These types of stores generally store limited products in individual sized portions and Retail Ready Packaging Boxes format is ideally suited for these stores.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the Retail Ready Packaging Boxes Market based on material type, product type, and end user.
Based on material type, the Retail Ready Packaging Boxes market has been segmented into paper & paperboard, plastics, and others. Of these, the paper and paperboard segment will have the largest share in the market and is likely to capture the highest CAGR over the forecast period.
Based on product type, the Retail Ready Packaging Boxes market has been segmented die-cut display containers, shrink wrapped trays, modified cases, plastic containers, and others. Of these, the die cut display containers segment will dominate the market over the forecast period.
Regional Analysis
The established retail brands such as Walmart, The Kroger Company, Costco, and others in North America have adopted Retail Ready Packaging Boxes solutions, which is encouraging others in the industry to follow the suit. The presence of a developed retail industry, expanding the food & beverage industry is providing an impetus to the growth of the market. Additionally, various Retail Ready Packaging Boxes guidelines have been laid down in the region which has induced demand within the market.
The APAC Retail Ready Packaging Boxes market is likely to expand at a torrid pace on account of expanding consumer base in the region. Moreover, the development of established retail chains in the region has led to increased demand for Retail Ready Packaging Boxes solutions. The expanding food & beverage industry is also contributing significantly to the market growth.
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