Pune, India, December 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Dunnage Packaging Market.
The growth of the retail sector with significant pace across the globe owing to the emerging market trends such as changing consumer lifestyle, increasing preference by end-use industries for dunnage packaging owing to its characteristics such as durability, cost-effectiveness, and compatibility for various end-use applications. The demand for dunnage packaging is also attributed to the secure and systematic arrangements which improve efficiency by minimizing the number of containers required for keeping individual article. Manufacturers, retailers, distributors, and suppliers are now focusing on materials, which can hold multiple parts at a time while retaining its conventional properties to insulate against light, heat & moisture. The introduction of multi-material dunnage solutions is expected to drive the demand for the dunnage packaging market as it has dual-material characteristics and consumes less space and caters stronger hold properties.
The Global Dunnage Packaging Market is expected to witness sustainable growth during the forecast period owing to the growth in the packaging industry and changing preferences of manufacturers regarding packaging solutions.
Asia-Pacific is expected to witness the highest growth in the global dunnage packaging market during the forecast period: MRFR
By region, the global dunnage packaging market has been segmented into Europe, Asia-Pacific, North America, the Middle East & Africa, and South America. In 2108, Asia-Pacific dominated the global market, primarily due to the growth in various end-use industries such as automotive, aerospace, food & beverages, healthcare, and consumer goods mainly in China and India.
The manufacturing industry in Asia-Pacific is growing due to the population and economic growth, which fuels the Asia-Pacific dunnage packaging market growth. Moreover, the busy lifestyles and the rising purchasing power in the developing countries coupled with the increasing awareness regarding the benefits of dunnage packaging among consumers is also expected to drive the market growth in Asia-Pacific. Besides, advanced composite packaging of goods with luxury specifications might hinder the overall market growth in the coming years.
The Global Dunnage Packaging Market was valued at USD 2.8 Billion in 2018 and is expected to witness 5.1% CAGR during the forecast period.
The corrugated plastic segment is expected to occupy the largest share of the global dunnage packaging market.
By material type, the global market has been segmented into corrugated plastics, molded plastics, aluminum, steel, fabric dunnage, corrugated paper, wood, foams, and others. The corrugated plastic segment is expected to register the highest growth rate during the forecast period owing to the various advantages associated with durability and cost-effectiveness. These plastic materials are extremely lightweight and have a high load-bearing capacity. The wood segment is expected to grow with the highest CAGR growth rate in terms of volume in the global dunnage packaging market.
The automotive industry segment is expected to occupy the largest share in the global dunnage packaging market.
Based on the end-use industry, the global dunnage packaging market is segmented into automotive, aerospace, electronics, food & beverages, consumer goods, and healthcare. The automotive industry segment is expected to register the highest growth rate during the forecast period. The automotive industry is growing across the globe, owing to an increase in population along with increasing disposable income among consumers, which is expected to drive the automotive industry segment.
Global Dunnage Packaging Market, 2018–2025 (USD Million)
Source: MRFR Analysis
Scope of the Report
This study provides an overview of the global dunnage packaging market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for Europe, Asia-Pacific, North America, Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global dunnage packaging market by material type, end-use industry, and region.
Access Report Details @ https://www.marketresearchfuture.com/reports/dunnage-packaging-market-8649
The prominent players in the global dunnage packaging market include Myers Industries (US), Menasha Corporation (US), DS Smith (UK), Schoeller Allibert (Netherlands), UFP Technologies (US), Reusable Transport Packaging (Florida), Nefab (Sweden), Amatech Inc. (US), Rehrig Pacific Company (US), MJSolpac Ltd. (UK).