Synopsis of Product Display Packaging MarketPackaging has a significant impact on the efficiency and effectiveness of retail supply chains, where improvements can be achieved through the adaptation and development of the concept of packaging logistics. Product Display Packaging, also called luxury packaging, is used to pack products for increasing their aesthetic value by adding innovative packaging designs and packaging solutions. It combines the strengths and characteristics of secondary and promotional packaging to maximize the visibility and accessibility of a product in a retail environment. It is also known as the packaging provided to retailers by the manufacturers in a ready-to-sell form. In contrast to typical shelving, Product Display Packaging offers certain evident advantages, which make it useful, especially for a targeted marketing campaign, or for the launch of a new product.
The Global Product Display Packaging Market is expected to have a CAGR of 7.02% by the end of forecast period.
Key Players
The major player operating in the market of global Product Display Packaging are DS Smith Plc. (U.K.), International Paper (U.S.), Mondi Plc. (Austria), Smurfit Kappa Group Plc. (Dublin), Sonoco Products Company (U.S.), Deufol SE (Germany), C&B Product Display Packaging Inc. (Canada), Grant Austin Product Display Packaging (South Australia), Excel Displays & Packaging (U.S.), Glama Pak (Australia).
Product Display Packaging Market Regional Analysis
The global [FURL=https://www.marketresearchfuture.com/]Product Display Packaging Market[/FURL] witnessed fast growth in last few years. The value share of Product Display Packaging in developed economies, such as North America, Europe and Australia is higher than other regions, and is expected to maintain its dominance over the forecast period. The Asia Pacific market is expected to witness maximum growth rate in the global Product Display Packaging market. Moreover, increase in consumer income has led to the growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of Product Display Packaging products. Mostly, consumers view premium packaging as the basic indication of a high-quality product. Thus, vendors use expensive technologies, colors, and packaging techniques to develop premium packages, which will boost the market growth.
Segmentation
The global display packaging market has been segmented based on type and end use.
By type, the display packaging market has been segmented into cellulose fibers, corrugated pallets, and corrugated paper board sheeting, and others.
By end use, the display packaging market has been segmented into pharmacy and retail.
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