The rise in demand of dunnage packaging with features as cost-benefit, durability, and environment friendly has been providing opportunities for market growth
The global dunnage packaging market size is projected to reach nearly USD 4.5 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 5.0% over the forecast period of 2020-2028. Dunnage packaging is commonly used in sectors such as automotive, food & beverage, consumer durables and end-user industries. These companies incorporate a custom dunnage solution to adjust the form of the bundled product/s, which not only preserves the packed product, but also helps to conserve and maximize the space of the cargo.
The report also outlines the various characteristics of the global dunnage packaging industry by assessing the market from value chain analysis. Moreover, the dunnage packaging market report comprises various qualitative parts of the dunnage packaging industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
The dunnage packaging market has huge competition amongst the already well-known and new market players. Also, the dunnage packaging industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
Due to growing demand for environmentally friendly and 360 degree product protection properties, Dunnage packaging is finding increasing use in the automotive end-use industry. Dunnage packaging is used in the car industry in several applications. This packaging helps to build lightweight component packaging while preserving structural integrity, minimising the expense of handling & transport.
One of the leading markets in the area of dunnage packaging is Europe. Dunnage packaging is driven by increasing demand from end-use industries such as automobile, aerospace, and electronics. Large dunnage packaging companies are present in the area, concentrating on the implementation of different market strategies to improve dunnage packaging production and satisfy rising demand from end-users.
The major players of the global dunnage packaging market are Corplex (DS Smith); NEFAB GROUP; UFP Technologies, Inc.; Reusable Transport Packaging; ORBIS Corporation (Menasha Corporation); Amatech Inc.; MJSolpac Ltd. Moreover, the market comprises several other prominent players in the dunnage packaging market as Ckdpack; GWP Group; Packaging Corporation of America; Dunnage Engineering; Interior Packaging Design, LLC.; Salco Engineering and Manufacturing Co., Inc.; Package Design & Mfg; KEENER Corporation. The major players in the market comes up with some of the developments to enhance the market growth in the global industry.
Segment Overview of Global Dunnage Packaging Market
Material Overview, 2018-2028 (USD Billion, Million Units)
- Corrugated Plastic
- Molded Plastic
- Fabric Dunnage
- Corrugated Paper
End Use Overview, 2018-2028 (USD Billion, Million Units)
- Food & Beverages
- Consumer Durables
Regional Overview, 2018-2028 (USD Billion, Million Units)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America