The global dunnage packaging market is anticipated to grow at a CAGR of 5.8% and surpass US$6.8 billion by 2032, according to Future Market Insights. greater transoceanic trade and greater import-export activity between nations both contribute to the expansion.
Along with the safe delivery of goods and services, sufficient security and protection are required for product shipment. These dunnage packing options are advantageous for securing and safeguarding goods during transportation, as well as an affordable means of avoiding damage to goods.
Therefore, end users are vying for market dominance by expanding their geographic reach through import and export or by setting up a distribution hub that drives dunnage packaging sales. In order to satisfy clients regarding the protection of their products, dunnage packaging manufacturers are utilising improved specs and quality. Market growth for dunnage packaging is anticipated as a result.
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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.
- 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.
Dunnage Packaging Market Report
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.
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2022 to 2032.
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Dunnage Packaging Market by Category
By Material:
- Plastic
- Paper
- Metal
- Wood
- Foams
- Others (Fabric, Rubber)
By Product:
- Dunnage airbags
- Inserts
- Dividers
- Packaging Peanuts
- Others (Bubble Wraps, etc.)
By End Use Industry:
- Automotive
- Aerospace
- Electronics
- Food and Beverage
- Consumer Goods
- Healthcare
- Logistics & Transportation
- Others (Personal Care & Cosmetic, Homecare, etc.)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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