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Ease of Product Replenishment Contributes to Growth of Global Retail Ready Packaging Market

Research and Markets has announced the addition of the "Global Retail Ready Packaging Market 2014-2018" report to their offering.

The analysts forecast the Global Retail Ready Packaging market to grow at a CAGR of 3.57 percent over the period 2013-2018. One of the key factors contributing to this market growth is the ease of product replenishment. The Global Retail Ready Packaging market has also been witnessing the increasing demand for retail ready packaging from the APAC region. However, the growth in online retailing could pose a challenge to the growth of this market.

Key vendors dominating this space are Amcor Ltd., DS Smith plc, Mondi Group Ltd., and Smurfit Kappa Group plc.

Other vendors mentioned in the report are Caps Cases Ltd., Creative Corrugated Designs Inc., ETT Verpackungstechnik GmbH, i2i Europe Ltd., Industrial Packaging Group, Linpac Packaging Ltd., Mayr-Melnhof Karton AG, Model Management AG, Polymer Logistics, RFC Container Company Inc., and Robert Bosch GmbH.

Commenting on the report, an analyst from the team said: The growing demand for RRP from the APAC region is one such trend emerging in the market. The increased use of RRP as a marketing tool and the growing Organized Retail sector are other emerging trends. Hence, the combined effect of drivers and trends is expected to contribute to the growth of the Global RRP market during the forecast period.

According to the report, one major driver is the easy product replenishment. Some of the other major drivers include the ability to easily identify brands, reduce product breakage, technological innovations in RRP, and increased cost control benefit for retailers. The rising global population is also contributing to the growth of this market.

For more information visit http://www.researchandmarkets.com/research/bb5bgb/global_retail

Source: http://www.researchandmarkets.com/

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