Retail Ready Packaging Growth

Emerging economies drive the growth of retail ready packaging, according to a new study from Smithers. Western markets are mature and will show below average growth through 2024.

Smithers Retail Ready Packaging E 2regionaldemand

Demand for retail-ready packaging is coming from emerging and transitional economies, with Asia-Pacific accounting for 4.5 million metric tons – nearly half the total global demand – according to Smithers latest report, The Future of Retail-Ready Packaging to 2024.

Western markets, which are relatively mature, will show below-average growth through 2024. South and Central America will account for the second-highest volume demand – at 1.7 million metric tons. The total global demand is 9.1 million metric tons.

Global demand in value for retail-ready packaging (RRP) exceeded 29.1 million metric tons in 2018, having grown by an average of 4% annually since 2014. The market was worth an estimated $57.46 billion in 2018.

RRP consumption is expected to increase on average by 5.4% annually from 2019 to 2024, reaching a total of nearly 40 million metric tons valued at $77 billion at constant 2018 prices.

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