Future Market Insights, in its new report, offers an unbiased analysis of the global dunnage packaging market, looking at historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections in dunnage packaging based on material (plastic dunnage packaging, paper dunnage packaging, metal dunnage packaging, wood dunnage packaging, foam dunnage packaging, and others ( fabric, rubber)), product (dunnage air bags, inserts, dividers, peanut packaging, others (bubble wrap, etc.)), end-use industry (automotive, aerospace, electronics, food and beverage, consumer goods consumption, health care, other (personal care and cosmetics, home care, etc.)) across seven regions.
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According to Future Market Insights, the global dunnage packaging market is projected to expand at a CAGR of 5.8%, exceeding US$6.8 billion by 2032. The growth is supported by the growing trend of inter-oceanic trade and increased import-exports between countries.
The shipment of products needs adequate security and protection along with the safe delivery of goods and services. As these dunnage packaging solutions are useful for securing and protecting products while in transit, as well as an inexpensive way to prevent damage to goods.
Therefore, end users are trying to dominate the global market by increasing their geographic reach through import and export or by establishing a distribution center that generates sales of dunnage packaging. Therefore, dunnage packaging manufacturers are taking advantage of better specifications and quality that provide customers with satisfaction regarding the protection of their products. This is expected to boost the dunnage packaging market.
Ready from Key players covered in dunnage packaging market are:
- ORBIS Corporation ((Menasha Corporation)
- Coplex (DS Smith)
- NEFAB GROUP
- Amatech, Inc.
- Reusable transport packaging
- Stevedoring Engineering
- Salco Engineering and Manufacturing Co., Inc.
- KEENER Corporation
- ckpack
- UFP Technologies, Inc.
- GWP Group
- Interior Packaging Design, LLC.
- Packing Corporation of America
- MJ Solpac Ltd.
- Design and manufacture of packages
- Schoeler Allibert
- Craft and Machine Manufacturing, LLC.
- JIDA Industrial Solutions
Key takeaways from the dunnage packaging market
- By material, the plastic dunnage packaging segment is anticipated to remain the leading segment, accounting for around 25% of demand in 2032.
- Air bags for dunnage in the product segment are estimated to hold a significant market share during the forecast period.
- Based on end-use industry, the automotive segment is projected to register a CAGR of 4.8% during 2022-2032.
- North America and Europe will account for nearly 55% of the global dunnage packaging market by the end of the forecast period.
- Demand for dunnage packaging is anticipated to be boosted in developing economies such as China, India and others due to the use of dunnage packaging by packers and shippers.
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“The use of dunnage packaging in freight transportation will help manufacturers, distributors, resellers and carriers reduce losses caused by products damaged during transit. The need for dunnage packaging to ensure safety by lessening the impact of cargo shifting will create a growth opportunity for key manufacturers,” says an FMI analyst.
Dunnage Packaging Market Overview
Corplex (DS Smith), ORBIS Corporation (Menasha Corporation), UFP Technologies Inc., NEFAB GROUP, are some of the major players operating in the target market. Additionally, Reusable Transport Packaging, Amatech Inc., GWP Group, Ckdpack, MJSolpac Ltd., and Interior Packaging Design LLC, are also notable players in the market. Tier 1 players in the market hold 15-20% of the overall dunnage packaging market.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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