• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Reusable Packaging News

Pallet and reusable packaging news, resources and suppliers

Shuert Industries
  • Pallet and Container Playbook
  • Pallets 101
    • PLASTIC PALLET VENDORS
      • CORRUGATED PALLET VENDORS
    • IBC/Bulk Container Suppliers
      • PALLET PACK VENDORS
      • IBC/BULK CONTAINER GUIDE 2019
      • IBC/BULK CONTAINER POOLERS
  • Reusable Packaging 101
  • About Us
    • PRIVACY POLICY: REUSABLE PACKAGING NEWS
    • ADVERTISING & PARTNERSHIP INFORMATION
    • SUBMISSIONS
  • Español
You are here: Home / Announcements / Retail-Ready Packaging to Grow Globally to $82 Billion

Retail-Ready Packaging to Grow Globally to $82 Billion

October 20, 2016 By Rick LeBlanc

LEATHERHEAD, Surrey, UK –October 19, 2016 – Global growth for retail-ready packaging will grow steadily by around 4% annually from 2016-2021, reaching 38.7 million tons of paper and plastic materials, and a value of $82.0 billion in 2021, according to new market data from Smithers Pira.

In its new report, The Future of Retail-ready Packaging to 2021 [http://www.smitherspira.com/industry-market-reports/packaging/the-future-of-retail-ready-packaging] Smithers’ says that global retail-ready demand reached a total of 30.5 million tons of material in 2015 and was worth $62.8 billion. The market is expected to grow on average by around 4% annually across 2016–2021, reaching 38.7 million tons of paper and plastic materials and a value of $82.0 billion in 2021, at constant 2016 prices.

Stephen Harrod, Smithers consultant and report author, says: “Shorter print runs are seen as a key factor driving the retail-ready packaging (RRP) market, as more retailers and brand owners are looking for promotional marketing to boost sales. These promotions result in unpredictable demand for packaging in general – including RRPs – creating a premium on short runs and quick response to orders.”

From a geographic perspective, North America and Western Europe will cede market share to Asia-Pacific over the forecast period. The late adoption of RRP in North America means there is still reasonable growth in this region, while in the more mature market Western European demand is slowing. Asia-Pacific and Africa are the fastest expanding sectors, with both enjoying an average annual growth of over 6% from 2016–2021.

Related:

  • Retail-Ready Packaging and RTP, a View from the UK
  • Reusables and Retail Ready Packaging: Comments

The actual incremental tonnage of material generated in each region over this period shows a slightly different picture. With nearly half originating in Asia-Pacific and a further third from the emerging markets of Eastern Europe and South and Central America.

The changing demands for RRP have been a contributing factor in the development of high-quality, high-speed, wide-format digital printers for post-print corrugated packaging, many of which were unveiled at Drupa in June 2016, the international print technology fair. These developments lend themselves to the production of corrugated RRPs especially, many of which require shorter print runs and faster changeovers.

There is still stiff competition between materials as well as pack formats in RRP, which creates a healthy commercial environment. Competition is also leading to dispute about the environmental benefits of different types of RRPs. This trend is particularly pertinent in the fresh produce market, where competing food safety and environmental claims have been raised.

The Future of Retail-Ready Packaging to 2021 presents an in-depth quantitative and qualitative analysis of the global demand for RRP and a critical assessment of the major influences driving demand for it. The market is quantified and segmented according to the type of material and pack format, end-use application, and geographic location for 2011-2021.

Source: Smithers Pira

 

Filed Under: Announcements

Primary Sidebar

JOIN OUR NEWSLETTER

Shuert
Orbis
CONPearl
https://reuseabletranspack.com
Schaefer
RPPContainers.com
www.filmloc.com
SolarPowerSystems.org
Litco.com

SEARCH

Categories

Archives

COPYRIGHT © 2023 PACKAGINGREVOLUTION.NET · Log in