Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 3.24 Billion |
| USD 5.15 Billion | |
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Global Dunnage Packaging Market, By Material (Corrugated Plastic, Molded Plastic, Aluminum, Steel, Fabric Dunnage, Corrugated Paper, Wood, Foams, Others), End-Use Industry (Automotive, Aerospace, Electronics, Food and Beverage, Consumer Durables, Healthcare, Others) – Industry Trends and Forecast to 2029.
In recent years, the global market for dunnage packaging has experienced moderate growth. As various commodities are frequently transported from one location to another daily, it leads to growing preference for secure and convenient dunnage packaging solutions among end-users, resulting in significant growth of the dunnage packaging industry over the forecast period.
Dunnage packaging refers to the packaging solutions protecting goods transported and unloaded from damage. Dunnage packaging solutions have multiple sections that can hold multiple parts at once, eliminating the need for individual packaging. Dunnage packaging has many advantages in addition to damage prevention, including flexibility, cost efficiency, innovative design and development, appropriate coating, environmental friendliness, and resistance to external warm and abrasive conditions.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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USD 5.15 billion by 2029, registering a CAGR of 5.60%
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Segments Covered
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By Material (Corrugated Plastic, Molded Plastic, Aluminum, Steel, Fabric Dunnage, Corrugated Paper, Wood, Foams, Others), End-Use Industry (Automotive, Aerospace, Electronics, Food and Beverage, Consumer Durables, Healthcare, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Ckdpack (India), GWP Correx (U.K), Interior Packaging Design, LLC. (U.S), Packaging Corporation of America (U.S), Myers Industries (U.S.), Nefab (Sweden), UFP Technologies (U.S.), Dunnage Engineering (U.S), Salco Engineering & Mfg. (U.S), Signode Industrial Group LLC. (U.S), KEENER Corporation (U.S), DS Smith (UK), Menasha Corporation (U.S.), Schoeller Allibert (Netherlands), Reusable Transport Packaging (Florida), Amatech Inc. (U.S.), MJSolpac Ltd. (U.K.) and Rehrig Pacific Company (U.S.)
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
The dunnage packaging offers various benefits as it allows new design and innovations flexibility, cost-effectiveness, provides proper cushioning, and is an eco-friendly packaging solution that is projected to accelerate the market's growth. Moreover, it helps create lightweight packaging for components while maintaining structural integrity and minimizing handling and transportation costs, which further increases the overall growth of the market.
The growth and expansion of various end user verticals such as automotive, metal working, oil and gas, power generation, machine industry, chemicals and other manufacturing is directly proportional to the increasing demand for materials and packaging solutions. Additionally, growing applications from end-use industries resulting in high demand will bolster the growth of the market.
Surging urbanization and globalization across the globe will drive market value growth. Additionally, rise in e-commerce and retail business will further expand the future growth of the dunnage packaging market.
Furthermore growing number of research and development activities are other market growth determinants. Surging technological advancements in the packaging equipment and technology to accommodate a diversified range of products and increased e-commerce industry's proliferation extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
The increasing need of high initial investments that affects the small-scale packaging businesses or new manufacturers to survive in the market for the long term will create hindrances for the growth of the dunnage packaging market.
The varying environmental conditions across the region and compatibility of packaging in such region which challenge the dunnage packaging market. Also, low awareness in the underdeveloped areas and growing competition will act as growth restraints for the market.
This dunnage packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dunnage packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The emergence of COVID-19 greatly impacted the various sectors across the globe. The materials and packaging sector was also grievously hit by the pandemic. Various lockdown and social distancing restrictions in travel and movement of goods for curbing the virus spread has disrupted the supply and distribution chain which critically affected the dunnage packaging market. Due to limited labour availability, disrupted raw material supply, and logistic issues, the production process for dunnage has become a challenge for businesses. The implementation of lockdown resulted in a fluctuation in the price of raw materials, resulting in downfall in the demand for dunnage and dunnage packaging. As a result, the materials and packaging industry had to bear financial losses, therefore negatively impacting the dunnage packaging market.
On the brighter side, the manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase.
The dunnage packaging market is segmented on the basis of material and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
On the basis of material, the dunnage packaging market has been segmented into corrugated plastic, molded plastic, aluminum, steel, fabric dunnage, corrugated paper, wood, foams and others. Corrugated plastic is expected to dominate the segment in the forecast period as it is flexible and impact-resistant and its ability to protect the packaged product from abrasion, moisture, vibration, corrosion and electrostatic discharge.
On the basis of end-use industry, the dunnage packaging market is segmented into automotive, aerospace, electronics, food and beverage, consumer durables, healthcare and others. Automotive is estimated to register the largest market share in the forecast period.
The dunnage packaging market is analyzed and market size insights and trends are provided by country, material and end-use industry as referenced above.
The countries covered in the dunnage packaging market report U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa.
Asia-Pacific dominates the dunnage packaging market because of the presence of many manufacturers and high demand for dunnage packaging in the automotive, electronics, and aerospace end-use industries is anticipated to thrust the requirement dunnages in the province.
North America, on the other hand, is estimated to register a significant growth owing to the increased expenditure in research and development.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The dunnage packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dunnage packaging market.
Some of the major players operating in the dunnage packaging market are Ckdpack (India), GWP Correx (U.K), Interior Packaging Design, LLC. (U.S), Packaging Corporation of America (U.S), Myers Industries (U.S.), Nefab (Sweden), UFP Technologies (U.S.), Dunnage Engineering (U.S), Salco Engineering & Mfg. (U.S), Signode Industrial Group LLC. (U.S), KEENER Corporation (U.S), DS Smith (UK), Menasha Corporation (U.S.), Schoeller Allibert (Netherlands), Reusable Transport Packaging (Florida), Amatech Inc. (U.S.), MJSolpac Ltd. (U.K.) and Rehrig Pacific Company (U.S.) among others.
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Dunnage Packaging Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Dunnage Packaging Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.