Analysts forecast the global bottle display packaging market to grow at a CAGR of 8.26% during the period 2018-2022. One trend in the market is increasing adoption of shelf-ready packaging.
- Advertising -
Retail stores and outlets have been constantly taking measures to retain their current customers to increase their prospective buyer base.
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- Advertising -
Many strategies are trailed to know customer responses to products that are displayed in retail outlets. Shelf-ready packaging, one among this kind of strategic procedures, is used as a marketing tool to promote products.
Major key players in the global bottle display packaging market: DS Smith, International Paper, Mondi, Smurfit Kappa, and Sonoco Products Company.
According to the bottle display packaging market report, one driver in the market is growth of beverages industry. The beverages industry has been constantly evolving with the introduction of new varieties of beverages and drinks, both alcoholic and non-alcoholic, in the market.
The global beverages industry is expected to reach around $2 trillion by 2022, growing at a CAGR of 2%-4% during the forecast period. The major factors driving the growth of the market for beverages are improved economic conditions and rising disposable income.
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Further, the bottle display packaging market report states that one challenge in the market is rise in raw material prices. The display packaging of products can be done using various raw materials such as wood, paper, and metal.
The metal and wood display units are used in stores if products need to be retained in their original state for a long period of time. However, many products are display packaged during seasonal sales or promotional period sales, which spans over a short period of time.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?