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(MoneyNewsWire.Net, June 26, 2018 ) Global retail ready packaging market is estimated to witness a CAGR of 3.08% over the forecast period, reaching the total market size of US$80.692 billion by 2023 from US$67.276 billion in 2017. Retail ready packaging refers to the packaging and shipping of a product to the retailer in a ready-to- shelf condition in a merchandising unit. Retail Ready Packaging `makes it cost efficient by reducing storage cost, transport cost and in-transit damages.
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Major industry players profiled as part of the report are DuPont, Sonoco, Bemis, DS Smith, and Amcor among others.
Increasing demand for ready-to-eat and ready-to-make food products supported by rising number of supermarkets and hypermarkets both in developed and developing economies is boosting the demand for retail ready packaging solutions.
Geographically, APAC will witness the fastest regional market growth during the forecast period owing to the rising middle class population and corresponding demand for convenient food products in emerging APAC countries. Booming manufacturing of consumer electronics in China and India also contributes to the growing demand for retail ready packaging in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Retail Ready Packaging value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
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