Free Standing Display Units Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2022 – 2027

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 Since last few years, retail industry has evolved from being a cluster of local stores to organized chains such as supermarkets and hypermarkets. This trend is quite prominent in emerging regions such as North America, Asia-Pacific and the Middle East. Transformation in retail business industry structure is attributed to changing lifestyle and increasing per capita spending across the globe. Moreover, these supermarkets and hypermarkets offer new shopping experience to consumers. These retail stores are expected to witness robust growth rate over the forecast period especially in developing regions. Attracting customer attention, increasing in-store engagement, appropriate communication is key factors needed to drive higher sales in retail. The free standing display unit is one such retail business facilities that have seized key attention among retailers. Free standing display units help in maximizing the impression of a product. These are the strategic component of any marketer or retailers point of sales marketing display tool. Free standing display units are designed for superior product placement, high brand awareness, and better product visibility. Hence free standing display units are highly required in-house promotional tool, in every consumer goods and industrial goods sales outlet.

Free Standing Display Units Market- Market Segmentation:

Global free standing display units market is segmented on the basis of materials type, by shape, by films thickness, by end use and region. On the basis of material type, the global free standing display units market can be segmented into the paper display, plastic display, glass display, metal display, and others. On the basis of shape, the global free standing display units market can be segmented into square, rectangular and customized. On the basis of film thickness, the global free standing display units market can be segmented into thick, semi thick, and customized. On the basis of end use, the global free standing display units market can be segmented into food & beverage sector, automobile industry, personal care & cosmetic industry, home care industry, hardware industry, paint industry, furniture industry, and other industry.

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Free Standing Display Units Market- Market Dynamics:

Growth in demand for the free standing display units market is expected to grow strongly for several reasons. Growing trend of supermarkets and hypermarkets are one of the major factors contributing towards the growth of free standing display units market. Moreover, urbanization in developing economies along with changing lifestyle has led to appearance of many retail stores worldwide. The trend is quite prominent in FMCG and FMCD sector which is bolstering the growth of free standing display units market. The increase in retail market has propelled the overall growth of free standing display units. The presence of alternative display cases such as wall hangings can be the restraints to overall demand of free standing display units market.

Free Standing Display Units Market: Regional Outlook

Free standing display units has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA), and Latin America. Among these region, North America, and Europe are expected to collectively dominate the market throughout the forecast period due to huge retail industry. However, many multinational packaging companies are ramping up their investments in Asia Pacific to tap the growing needs of supermarkets and hypermarkets in the region and government support towards boosting manufacturing ecosystem. Furthermore, Asia Pacific rise in prominence has resulted in organizational changes – many new packaging entrants have emerged over the last few years, and many leading companies has set up their retail outlet in the region. Asia Pacific is expected to be primarily driven by China, Japan, and India. Latin America and the Middle East & Africa are expected to witness slow and steady growth over the forecast period. In Latin America, Brazil and Mexico are expected to create market opportunities for companies involved in intravenous product packaging.

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