Dunnage Packaging Market size is expected to be value USD 4,183.30 million by the end of 2030, registering a CAGR of 5.80% during the forecast period (2022 - 2030)
Dunnage Packaging Market size is expected to be value USD 4,183.30 million by the end of 2030, registering a CAGR of 5.80% during the forecast period (2022 - 2030).Dunnage is used for protective packaging. Logistics and transportation industries have the highest use of Dunnage packaging material. It is a material that prevents damage to the product inside the package. Low priority cargo industries use this type of packaging for all their products. Many consumables are transported every day for various purposes. There are many benefits of using this package. Some of the crucial features of this package are innovation. Flexibility, cost-effectiveness and extra cushioning are features of the product.
Further, the heat regulation and eco-friendly nature of the package make its use prevalent. The industries using this package are automotive, construction, food and beverage market. Further, the penetration of eCommerce sites is another important factor driving demand. The use of this package in retail and commercial industries is increasing the overall supply rate.
There are many types of Dunnage packaging material available. There are wood, plastic, and fibre metal packages available in the market. The sustainable and reusable quality of this product increases its usage. Today, sort of packaging is a high expenditure for many industries. Due to this cost-efficient packaging such as the Dunnage has a higher need. All these are factors that contribute to the rapid expansion of the market.
The Global Dunnage Packaging Market has been segmented, based on region as North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2018, Asia-Pacific held the largest share in the global dunnage packaging market, followed by the regions of North America and Europe; it is expected to continue to retain its dominance until 2025.
The growing demand for sustainable packaging in countries such as China and India, is one of the major factors, which is expected to raise the demand for dunnage packaging in the region during the forecast period. North America is estimated to grasp a high growth rate due to the growing R&D investments for product development and innovation of packaging materials. Furthermore, stringent government regulations in contrast to the recycling of packing materials in the US and Canada has propelled the demand for smart and innovative packaging in the various end use industries.
The Key Industry Participants of the global market for dunnage packaging are DS Smith (UK), Myers Industries (US), Menasha Corporation (US), Schoeller Allibert (Netherlands), Nefab (Sweden), UFP Technologies (US), Amatech Inc. (US), Reusable Transport Packaging (Florida), Rehrig Pacific Company (US), MJSolpac Ltd. (UK).
The Global Dunnage Packaging Market has been segmented based on material type, and end-use industry. By material type, the global market is segmented by corrugated plastics, molded plastics, aluminum, steel, fabric dunnage, corrugated paper, wood, foams, and others. The corrugated plastic segment also known as composite dunnage held the largest market share of the global dunnage packaging market in 2018 and is also expected to witness the highest CAGR during the forecast period.
By end-use industry, the global market has been segmented as automotive, aerospace, electronics, food & beverages, consumer goods, and healthcare. The automotive industry segment held the largest market share of the global dunnage packaging market owing to the substantial growth in the automotive aftermarket industry growth. This has created demand for dunnage packaging for transporting automotive parts.Recent Development
Nefab AB is signing a new deal with this szkaliczki & Partners Plastic. Both the companies are joining together to offer multi-material packaging solutions. Development of new technology is higher in this market. The supply chain and the production of these companies are increasing.
ORBIS Corporation is expanding its production of Dunnage packaging. There is a new automotive packaging product offered by this key player. This is a new type of packaging material that is soft. They are useful for many applications in the automotive. The development of this new product will increase the adoption rate of the market.
Dunnage packaging refers to the packaging solutions, which caters damage control to the goods which are transported and unloaded. Dunnage packaging solutions provide multiple sections, which can hold several parts at the time preventing individual packaging for each part. The global market for dunnage packaging has been witnessing moderate growth in the past couple of years. The demand for dunnage packaging and custom dunnage is expected to be driven by increasing preference for secure and convenient dunnage packaging solutions among the end-users. Moreover, the awareness regarding the superior characteristics of custom dunnage has been increasing rapidly. Such factors have led to the growth in the dunnage packaging materials, driving the growth of the dunnage packing market across the globe.
Furthermore, dunnage packaging of materials such as foam dunnage, cardboard dunnage, and honeycomb dunnage is a very crucial solution that is inclined towards major end-use industries such as automotive, food & beverages, consumer goods for advanced and secure packaging. Also, dunnage packaging is a very important innovation towards sustainable and efficient packaging. Also, one more driving aspect in the market is increasing demand environment-friendly packaging means with changing demand by consumers is expected to add to the market growth during the forecast period.
|Market Size||USD 4,183.30 million|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material typeand end-use industry|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DS Smith (UK), Myers Industries (US), Menasha Corporation (US), Schoeller Allibert (Netherlands), Nefab (Sweden), UFP Technologies (US), Amatech Inc. (US), Reusable Transport Packaging (Florida), Rehrig Pacific Company (US), MJSolpac Ltd. (UK).|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Nefab (Sweden), Myers Industries (US), DS Smith (UK), Schoeller Allibert (Netherlands), Menasha Corporation (US), are the leading players in the Dunnage Packaging Market
As dunnage packaging is a very important innovation towards sustainable and efficient packaging, the market will be rising with high demand of environment-friendly packaging in the future.
There will be secure and convenient dunnage packaging solutions mainly the end-users.
Dunnage packaging of materials such as foam, cardboard, and honeycomb dunnage is a very essential solution that serves major end-use industries such as automotive, food & beverages, consumer goods for secure packaging.
North America is estimated to grasp fastest growth at a high growth rate.