The global retail-ready packaging market is expected to grow at a CAGR of 4.31% during the forecast period. Based on the end-user, the global retail-ready packaging market has been segmented into food, beverages, household products, and other end-users.
Growing urbanization and expansion of organized retailing in developing countries are significant factors that influence the demand for packaged food products. These high-volume products need frequent replenishment leading to an increase in retail-ready packaging. Aesthetic appeal, customer convenience, material compatibility, and product features are factors that help vendors in determining the type of packaging to be used for food products.
Rigid plastics, corrugated boxes, die-cut wraps, and shrink wraps are the most important packaging products used in the food packaging market, primarily because they are easy to carry and store. Retail-ready packaging is especially useful in the food industry for transportation, storage, and display purposes. The food industry was the dominating end-user segment of the global retail-ready packaging market in 2018 and is expected to lead the market over the next five years. Download the free sample report @ http://bit.ly/2FQl7Qx
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