Retail Ready Packaging Sales Across Food & Beverages Sector Likely to Inflate amid Rising Preference to Shorten Labor Costs, Reports Fact.MR study

ROCKVILLE, Maryland, May 27, 2019 /PRNewswire/ -- With the growing provision for retail ready packaging for retailers, the inclination towards traditional retail packaging has declined. The overriding response towards retail ready packaging can be defined as their ability in enabling products to be placed directly onto the shelves or selling floor, without the need to unpack the inner contents. Fact.MR has vigorously compiled a new research study titled "Retail Ready Packaging Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026", which has been published on its online portal. It has been observed that demand for RRP is further encouraged by its indispensable role to improve product identification as well as augment brand visibility.

According to the investigated report, the global retail ready packaging market is likely to portray average growth at 4.6% CAGR, in terms of volume, during the stated forecast period until 2026. Furthermore, the study estimates the target market is projected to exceed US$ 100,000 in revenues by 2026-end. The fundamental motive of this assessment is to highlight the comprehensive scenario prevailing across the global retail ready packaging market, together with the anticipated future market status when influenced by ongoing trends and opportunities.

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Food & Beverage Segment to Retain their Foremost End-User Position

The food & beverages end-user division is likely to dominate the global market for retail ready packaging. It has been noticed that, the market revenue share for this particular segment is considerably bigger as compared to other end-user segments combined. In the coming years, demand for retail ready packaging concerning food & beverages would be motivated by rising importance of curtailing labor costs through the elimination of product handling requirements.

Paper & Paperboard Likely to Remain the Preferred Material Type

The trendy material option is expected to be paper & paperboard, as most manufacturers are inclined towards its usage in handling ready packaging products. The most attractive aspects for the popularity of paper & paperboard can be accredited to its sustainability and recyclability features. Interestingly, a market revenue share surpassing 50% has been anticipated for paper & paperboard during the stated forecast period.