Global Retail-ready Packaging Market 2019-2023 | Use of Fiber-Based Material for Packaging to Boost Growth | Technavio

Global Retail-ready Packaging Market 2019-2023 | Use of Fiber-Based Material for Packaging to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 8, 2019--

The global retail-ready packaging market is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191108005252/en/

Technavio has announced its latest market research report titled global retail-ready packaging market 2019-2023. (Graphic: Business Wire)

Retail-ready packaging is eco-friendly as it is made of recyclable materials such as paper and cardboard. The high strength and stability offered by retail-ready packaging reduces transit damage and lowers storage space and transportation costs through supply chain optimization. It also ensures higher customer satisfaction with improved visibility. Many such benefits offered by retail-ready packaging are driving the growth of the market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30816

As per Technavio, the use of fiber-based material for packaging will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Retail-Ready Packaging Market: Use of Fiber-Based Material for Packaging

Packaging products made using fiber-based materials are witnessing wide acceptance across industries such as food and beverage, chemical, and construction. This is owing to the fact that fiber-based materials are reusable, renewable, and biodegradable in nature. The use of such packaging products is helping enterprises comply with regulations of various countries. The increased use of fiber-based material for packaging is expected to boost the growth of the global retail-ready packaging market during the forecast period.

“Growth in online retail stores/retailing and M&A leading to market consolidation are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Retail-Ready Packaging Market: Segmentation Analysis

This market report segments the global retail ready packaging market by end-users (food, beverages, household products, and other end-users) and geography (APAC, Europe, MEA, North America, and South America).

The North American region led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market. This is due to the growing demand for on-the-go food and ready-to-drink beverages in the US.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

KEYWORD:

INDUSTRY KEYWORD: PACKAGING MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/08/2019 08:30 AM/DISC: 11/08/2019 08:30 AM

Copyright Business Wire 2019.

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