Study #: 3713 | Published: 02/2019 | Pages: 182 | Individual User License: US$ 5,100

This Fast-Growing Market Will Provide Benefits to Retailers

US demand for retail-ready packaging is forecast to climb 6.1% annually to $7.9 billion in 2023. Retail-ready packaging is especially important to retailers in the e-commerce age, as it simplifies stocking, reduces operating costs, and keeps shelves more organized, allowing brick and mortar stores to remain competitive with online retailers.

Key Findings in the Retail-Ready Packaging Study:

Greater Penetration in Stores Driving Gains

Warehouse clubs and discount grocers use retail-ready packaging whenever possible, while other stores only use it sometimes. The customer base is expanding as chains such as ALDI and Costco open more stores. Opportunities also exist for further use in stores that already use retail-ready packaging such as mass merchandisers and home centers. Additional opportunities will stem from greater penetration in outlets that have resisted adopting retail-ready packaging, particularly higher-value outlets such as mid-level and premium grocery stores.

Food Market Will Continue to Lead Demand

The food market is by far the largest market for retail-ready packaging. Despite a significant level of adoption, opportunities for increased use of retail-ready packaging in the food market continue to exist, particularly for types of packaging suited for use in refrigerated cases. Additionally, high-value graphics are increasingly being sought by premium grocery stores and mass merchandisers.

Nonfood Opportunities

Opportunities for retail-ready packaging are widespread, particularly in categories such as cosmetics and toiletries, household cleaning products, office products, and pharmaceuticals. Many of these have low retail-ready packaging penetration but would be especially well-suited for it, as they are often lightweight or packaged in pouches or small folding cartons that do not stack well, making shelves messy. Additionally, retail-ready packaging is a time saving improvement over the traditional avenue of stocking these items on retail hooks or built-in displays.

Study Coverage

This Freedonia industry study analyzes the $5.8 billion US retail-ready packaging market. It presents historical demand data (2008, 2013, and 2018) and forecasts for 2023 by product (corrugated boxes, corrugated floor displays, folding cartons, reusable plastic containers, and pad and shrink film packaging) and by market (food, beverages, and nonfood). The food market further examines demand by application (fresh produce; candy and confections; bakery products; snack food; grain products; canned food; dairy products; meat, poultry, and seafood; pet food; frozen food; and other food). The study also evaluates company market share and analyzes industry competitors including International Paper and WestRock.


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Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Packaging Industry Trends

Manufacturer Efforts to Address Evolving Consumer Values

Convenience

Sustainability

Product Differentiation

Technology

Retail-Ready Packaging Trends

Scope & Current Level of Adoption

Performance Characteristics & Benefits

Venues Using Retail-Ready Packaging

Smart Features

Consumer Trends

Consumer Trends Affect Retail-Ready Packaging Use by Retailers

Consumers Like Food with Premium Characteristics

E-Commerce Increasingly a Preferred Purchase Method

Omnichannel Marketing Drives In-Store Purchases, Especially with Young People

Shopping at Grocery Stores

Shopping at Discount Stores

The Great Recession Influence on Shopping Trends

Dollar Stores

Warehouse Clubs

Mass Merchandisers

Foot Traffic in the Age of E-Commerce

Environmental & Regulatory Trends

Sustainability Initiatives & Other Environmental Factors

Recycling Infrastructure

Government Regulations

Global Retail-Ready Packaging Trends

Market Environment

Trade

Tariffs

PRODUCTS

Key Findings

Retail-Ready Packaging: Demand by Product

Corrugated Boxes

Product Description

Scope

Trays

Perforated & Modified Display Boxes

Combination Tray & Shipper Boxes

Modular Produce Boxes

Demand Forecast

Opportunities

Fast-Growing Markets

Smarter Design

Suppliers

Corrugated Displays

Product Description

Scope

Freestanding Floor Displays

Hanging Displays

Bulk Bins

Demand Forecast

Suppliers

Folding Cartons

Product Description

Scope

Standard Paperboard Folding Cartons

Mini-Flute Folding Cartons

High-Strength Folding Cartons

Demand Forecast & Opportunities

Suppliers

Reusable Plastic Containers

Product Description

Scope

Beverage RPCs

Produce RPCs

Other RPCs

Demand Forecast & Opportunities

Suppliers

Pad & Shrink Film Packaging

Product Description & Scope

Demand Forecast & Opportunities

Suppliers

MARKETS

Key Findings

Retail-Ready Packaging: Demand by Market

Food Retail-Ready Packaging

Demand by Application

Fresh Produce

Candy & Confections

Bakery Products

Snack Food

Grain Products

Canned Food

Dairy Products

Meat, Poultry, & Seafood

Frozen Food

Pet Food

Other Food Applications

Beverage Retail-Ready Packaging

Nonfood Retail-Ready Packaging

Demand Forecast

Cosmetics & Toiletries: Opportunities

Household Cleaning Products: Opportunities

Office Products: Opportunities

Pharmaceuticals: Opportunities

Other Nonfood Applications

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

Acquisitions & Divestitures

Competitive Strategies

Marketing Strategies

Distribution Strategies

Manufacturing Capabilities

Importance of Production Diversification

Package Design Services & Research & Development

Printing Capabilities

List of Industry Participants

APPENDIX

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographics

Consumer Spending

Retail Sales

Manufacturers' Shipments

Food Manufacturing Outlook

Packaging Industry Outlook

Produce Outlook


List of Tables

OVERVIEW

Table 2-1 | Characteristics that Consumers Like to See in Their Foods, 2018 (percent)

Table 2-2 | Reasons that Consumers Shop Online, 2018 (percent of consumers who shop online)

Table 2-3 | Shopping Behaviors & Enjoyment by Age Bracket, 2018 (percent)

Table 2-4 | Selected Grocery Stores Where Consumers Have Shopped in the Last 4 Weeks, 2016 - 2018 (percent)

Table 2-5 | Selected Stores Where Consumers Have Shopped in the Last 3 Months, 2008 - 2018 (percent)

PRODUCTS

Table 3-1 | Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 3-2 | Retail-Ready Corrugated Box Demand by Market, 2008 - 2023 (million dollars)

Table 3-3 | Retail-Ready Corrugated Display Demand by Market, 2008 - 2023 (million dollars)

Table 3-4 | Retail-Ready Folding Carton Demand by Market, 2008 - 2023 (million dollars)

Table 3-5 | Retail-Ready Reusable Plastic Container Demand by Market, 2008 - 2023 (million dollars)

Table 3-6 | Retail-Ready Pad & Shrink Film Demand by Market, 2008 - 2023 (million dollars)

MARKETS

Table 4-1 | Retail-Ready Packaging Demand by Market, 2008 - 2023 (million dollars)

Table 4-2 | Food Retail-Ready Packaging Demand by Application, 2008 - 2023 (million dollars)

Table 4-3 | Fresh Produce Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-4 | Candy & Confection Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-5 | Bakery Product Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-6 | Snack Food Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-7 | Grain Product Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-8 | Canned Food Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-9 | Dairy Product Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-10 | Meat, Poultry, & Seafood Retail-Ready Packaging Demand, 2008 - 2023 (million dollars)

Table 4-11 | Frozen Food Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-12 | Pet Food Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-13 | Other Food Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-14 | Beverage Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

Table 4-15 | Nonfood Retail-Ready Packaging Demand by Product, 2008 - 2023 (million dollars)

INDUSTRY STRUCTURE

Table 5-1 | Retail-Ready Packaging Sales by Company, 2018 (million dollars)

Table 5-2 | Selected Acquisitions & Divestitures

APPENDIX

Table 6-1 | Relevant Industry Codes

Table 6-2 | Relevant HS Codes

Table 6-3 | Abbreviations & Acronyms Used in Study

Table 6-4 | Macroeconomic Indicators, 2008 - 2023 (billion 2012 dollars)

Table 6-5 | US Population & Households, 2008 - 2023 (million persons)

Table 6-6 | US Personal Consumption Expenditures, 2008 - 2023 (billion dollars)

Table 6-7 | Retail Sales, 2008 - 2023 (billion dollars)

Table 6-8 | US Manufacturers' Shipments, 2008 - 2023 (billion dollars)

Table 6-9 | Food Manufacturing by Product, 2008 - 2023 (billion dollars)

Table 6-10 | Packaging Supply & Demand, 2008 - 2023 (billion dollars)

Table 6-11 | Fresh Produce Supply & Demand, 2008 - 2023 (billion pounds)


List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | US Retail-Ready Packaging Market

OVERVIEW

Figure 2-1 | Key Trends in the US Retail-Ready Packaging Market

PRODUCTS

Figure 3-1 | Key Trends in Retail-Ready Packaging Products

Figure 3-2 | Types of Retail-Ready Corrugated Boxes

Figure 3-3 | Marketing Example: Social Media Used to Promote New Retail-Ready Box Technology

Figure 3-4 | Retail-Ready Corrugated Display Examples

Figure 3-5 | Retail-Ready Folding Carton Examples

Figure 3-6 | Applications for Reusable Plastic Containers

Figure 3-7 | Pad & Shrink Film Packaging Examples

MARKETS

Figure 4-1 | Key Trends in Retail-Ready Packaging Markets

Figure 4-2 | Fresh Produce Market: Opportunities for Retail-Ready Packaging

Figure 4-3 | Candy & Confections Market: Opportunities for Retail-Ready Packaging

Figure 4-4 | Bakery Products Market: Opportunities for Retail-Ready Packaging

Figure 4-5 | Snack Food Market: Opportunities for Retail-Ready Packaging

Figure 4-6 | Grain Products Market: Opportunities for Retail-Ready Packaging

Figure 4-7 | Canned Food Market: Opportunities for Retail-Ready Packaging

Figure 4-8 | Dairy Product Market: Opportunities for Retail-Ready Packaging

Figure 4-9 | Meat, Poultry, & Seafood Market: Opportunities for Retail-Ready Packaging

Figure 4-10 | Frozen Food Market: Opportunities for Retail-Ready Packaging

Figure 4-11 | Pet Food Market: Opportunities for Retail-Ready Packaging

Figure 4-12 | Other Food Markets: Opportunities for Retail-Ready Packaging

Figure 4-13 | Beverage Market: Opportunities for Retail-Ready Packaging

Figure 4-14 | Nonfood Market: Opportunities for Retail-Ready Packaging

Figure 4-15 | Cosmetics & Toiletries Market: Opportunities for Retail-Ready Packaging

Figure 4-16 | Household Cleaning Products Market: Opportunities for Retail-Ready Packaging

Figure 4-17 | Office Products Market: Opportunities for Retail-Ready Packaging

Figure 4-18 | Pharmaceuticals Market: Opportunities for Retail-Ready Packaging

Figure 4-19 | Other Nonfood Applications: Opportunities for Retail-Ready Packaging

INDUSTRY STRUCTURE

Figure 5-1 | US Retail-Ready Packaging Market Share, 2018 (billion dollars)

Figure 5-2 | US Retail-Ready Packaging: Leading Supplier, 2018

Figure 5-3 | US Retail-Ready Packaging: Second Leading Supplier, 2018

Figure 5-4 | US Retail-Ready Packaging: Co-Third Leading Supplier, 2018

Figure 5-5 | US Retail-Ready Packaging: Co-Third Leading Supplier, 2018

Figure 5-6 | US Retail-Ready Packaging: Fifth Leading Supplier, 2018

Figure 5-7 | US Retail-Ready Packaging: Sixth Leading Supplier, 2018

Figure 5-8 | Advertising Example: Promoting Real Differences

Figure 5-9 | Production Example: Requirements for Retail-Ready Packaging


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