The Free Standing Display Units Market is anticipated to flourish at an average CAGR of 5.2% between 2023 and 2033. The market is expected to hold a market share of USD 5.41 billion by 2033, while the market is likely to reach a value of USD 3.26 billion in 2023.
| Attributes | Details |
|---|---|
| Free Standing Display Units Market CAGR (2023 to 2033) | 5.2% |
| Free Standing Display Units Market Size (2023) | USD 3.26 billion |
| Free Standing Display Units Market Size (2033) | USD 5.41 billion |
Growing urbanization in developing countries and changing lifestyle is expected to increase retail stores, thus benefitting the market during the forecast period. For instance, India's retail industry is highly competitive, with more than 13 million Kirana stores.
Reliance Retail Limited dominates the retail industry in India with more than 12,000 offers of various products. Other entities dominating the market include Aditya Birla Fashion and Retail, Avenue Supermarts Limited and Shoppers Stop, and Future Group.
Countries such as Malaysia, Singapore, and Thailand are renowned shopping destinations in the Asia Pacific region, with visitors making a significant contribution to the retail sector. Travelers are increasing demand for products, thus benefitting the market in the forecast period.
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Expanding supermarket chains across the globe is expected to play a significant role in driving the market during the forecast period. Also, product inventory and shelf space allocation are projected to be another significant factor driving the market during the assessment period.
Another factor contributing to the market expansion is the rapid development of the food and beverage sector, increasing demand for ready-to-eat food, and rising production of packaged food.
The launch of packaged food is anticipated to benefit the industry in the forecast period. For instance, a New Delhi-based food joint, Sattviko, a chain of vegetarian restaurants, launched a marketplace for packaged ‘Satvik’ foods. Such initiatives can propel the demand for free-standing display units during the forecast period.
In another instance, Little Freddie announced the launch of the United Kingdom’s first baby food pouch carrying the OPRL label for home recycling.
Launching innovative and new products demands sufficient display and exposure, which can boost demand for free standing display units among food chains, thus benefitting the industry during the forecast period.
Alternative display cases like wall hangings are expected to hamper the market growth during the forecast period. Also, the application of plastic is another constraint to the market as various countries are implementing stringent rules to regulate plastic usage. Thus, the market is likely to suffer significantly during the forecast period.
However, expanding the personal care and cosmetic sector and the automobile industry is likely to act as an opportunity for market growth during the assessment period. For instance, Belviso announced the launch of its premium skin care products in India. The launch of new products is expected to boost demand for free-standing displays for better visibility, thus benefiting the market in the assessment period.
According to the analysis, the global free-standing display units market is expected to be dominated by North America. In 2022, North America was expected to secure 20% of the global market share. The United States is expected to make the maximum contribution to developing the industry during the forecast period.
The domination of the region can be attributed to the expanding food and beverage sector and the booming personal care industry. The ready-to-eat meal segment is projected to dominate the market during the forecast period. This can be attributed to the busy lifestyle and hectic work schedule.
The launch of new ready-to-eat meals is projected to augment the market size. For instance, in 2020, Nestle launched a line of FreshlyFit ready-to-eat meals. Such factors are expected to boost demand for free-standing display units and benefit the United States market during the forecast period.
As per the analysis, the global free-standing display units market is expected to be the second-leading. In 2022, Europe was projected to claim 19% of the global market share.
The market's growth can be attributed to changing lifestyles, growing demand for packaged food, and the developing food and beverage sector. Countries like the United Kingdom, Germany, and others are expected to significantly contribute to developing the regional industry.
According to the analysis, Asia Pacific is projected to be the most lucrative market during the forecast period. The growth of the regional market can be attributed to fast-evolving economies such as India, China, and Japan.
The launch of ready-to-eat food products and expanding the food and beverage sector are expected to play a salient role in driving the regional market during the forecast period.
For instance, in March 2021, Instahot Foods Private Limited launched The Taste Company (TTC) brand. It offers a delectable menu of ready-to-eat Indian food products for breakfast and meals. Such factors are anticipated to drive the global free-standing display units market during the forecast period.
Prominent Start-ups Offering Free Standing Display Units
The global packaging industry is transforming, with numerous innovations and technological breakthroughs becoming evident. This has provided start-ups immense opportunities to capitalize on these booming trends and introduce novel product lines. Here are some notable start-ups operating in the free-standing display units’ domain:
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Key players in the global free-standing display units market include Bladen Box & Display, Silverpoint Display, Diamondpak, Pinterest, Splash Display Ltd Daytona, Cardboard Box Company, WH Skinner, Atlas Packaging, Shenzhen Bon Voyage Display Products Co., Ltd., Arno Gmbh, Foshan Kai Shine Loong Display Rack Co., Ltd., Zhongshan Detron Display Products Co., Ltd., Foshan Huayuexing Metal Production Co., Ltd., Shenzhen Apex Artcrafts Co., Ltd., and Guangzhou Xinchangyuan Furniture Design & Co.
Recent Developments
The plastic segment contributes a maximum share of total production.
The food & beverage industry holds the maximum revenue in the global market.
From 2018 to 2022, the global market exhibited a 5.2% CAGR.
The rising innovations are the key trends in the global market.
The increasing demand for packed food options in Europe have increased the demand.
| Market Value (2023) | USD 32.4 Billion |
|---|---|
| Market Value (2033) | USD 60.2 Billion |
| Market CAGR (2023 to 2033) | 6.4% |
| Estimated Size, 2021 | USD 3.7 billion |
|---|---|
| Projected Size, 2031 | USD 6.3 billion |
| Value-based CAGR (2021 to 2031) | 5.6% |
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Free Standing Display Units Market
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