The global floor displays market is estimated to secure a valuation of US$ 2,594.8 million in 2023 and reach US$ 4,390.5 million by 2033. The global market is expected to capture a CAGR of 5.4% in the global market during the forecast period.
The global floor display market has been expanding in recent years, which is anticipated to remain beyond 2023. In modern retail stores, supermarkets, and hypermarkets, floor displays are emerging as an effective product merchandising solution. Brands’ aggressive marketing strategies for reaching out to consumers have resulted in the emergence of various types of displays, driving the market growth.
Floor displays are increasingly important in driving impulsive consumer demand in supermarkets and grocery stores. Brands are allocating more budgets to marketing departments, particularly for new products, necessitating the development of innovative merchandising solutions.
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Key Takeaways:
- The global floor displays market is estimated to register a CAGR of 5.4% with a valuation of US$ 4,390.5 million by 2033.
- In the historical period, the market secured a CAGE of 4.7% between 2018 and 2022.
- The United States is anticipated to dominate the global market by capturing the maximum share by 2033.
How Prominent Players Bring Lucrative Growth in the Global Market?
The global market is highly fragmented by the present prominent players globally. These players are adopting advanced technologies to innovate, develop, and improve products as per consumers’ expectations. They are focused on developing cost-effective, high-quality, and sustainable products to attract consumers.
Key players adopt various marketing methodologies to bring unique and flexible products to expand the global market size. These marketing methodologies include mergers, acquisitions, partnerships, and product launches. These players are estimated to drive the global market to another height in the coming period.
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Recent Developments in the Global Market are:
In 2021, Smurfit Kapa announced its newly launched floor displays dump bins. It is a small, easy-to-open, and excellent container for use in shops. It is widely used for promotional purposes.
Floor Displays Market by Category
By Type of Material:
- Corrugated Board Floor Displays
- Foam Board Floor Displays
- Plastic Sheet Floor Displays
- Glass Floor Displays
- Metal Floor Displays
By Sales Channel:
- Hypermarkets
- Supermarkets
- Departmental Stores
- Specialty Stores
- Convenience Stores
By Application:
- Food & Beverages
- Cosmetics & Personal Care
- Pharmaceuticals
- Printing & Stationary
- Electronics
- Automotive
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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