Publishing: August 2021 | Report Code: CM12157 | Available Format: PDF
The global dunnage packaging market is projected to showcase strong growth in the forecast period (2021–2030) on account of the increasing demand for packaging solutions to facilitate the secure transportation of various goods in end-use industries, such as automotive, electronics, and aerospace. Thus, with the increasing need for the safe handling of goods, the market demand for dunnage packaging is projected to rise, thereby propelling the market growth.
The dunnage packaging market has been categorized into corrugated plastic, molded plastic, steel, aluminum, foam, corrugated paper, wood, fabric dunnage, and others. Among these, corrugated plastic is expected to account for a significant share in the market in the coming years. This can be ascribed to the fact that the corrugated plastic is a cheaper and superior packaging material. Corrugated plastic boxes are chemical-resistant, water-resistant, and flexible and possess relatively high strength. Moreover, since they are made of polypropylene, they can be easily recycled and, thus, are eco-friendly in nature.
The market has also been categorized on the basis of end user into automotive, aerospace, electronics, food & beverage, consumer durables, healthcare, and others. Of these, the automotive category is expected to account for a significant share in the market throughout the forecast period, owing to its increasing demand for safe, lightweight, eco-friendly, and cheap dunnage packaging solutions for transporting various kinds of automotive components.
Geographically, Asia-Pacific (APAC) is expected to hold the largest share throughout the forecast period. This can be ascribed to the demand for reusable packaging solutions in the automotive and electronics industries in the region. Moreover, the presence of a large number of manufacturers makes the region a lucrative market for dunnage packaging. Besides, in view of the increasing focus on the usage of multi-use packaging solutions instead of single-use packaging materials to support sustainability, the market for dunnage packaging is expected to boost in the near future.
The market demand for dunnage packaging has witnessed strong growth in recent years, and the trend is likely to continue in the coming years as well, primarily on account of the surging demand for packaging solutions for automotive components, such as the engines, power trains, lighting, and other interior components, for transportation purposes. Further, in the wake of bulk production, manufacturers have resorted to durable, cost-effective, lightweight packaging solutions for safe transportation.
Although dunnage packaging has a wide range of applications, it is subject to price fluctuations. This is because most of the dunnage packaging materials are made out of polymers, which are derived from petrochemicals. These products are extracted from crude oil, which are subject to price fluctuations, depending on the demand and availability. This volatility in prices, thus, hampers the demand for dunnage packaging to some extent, thereby impacting the market growth.
Some of the companies operating in the global dunnage packaging market are ORBIS Corporation, Corplex, Nefab Packaging Inc., UFP Technologies Inc., Reusable Transport Packaging, Amatech Inc., MJSolpac Ltd., Ckdpack Packaging Inc., GWP Group Ltd., Interior Packaging Design L.L.C., Packaging Corporation of America, Dunnage Engineering Inc., Salco Engineering and Manufacturing Co. Inc., KEENER Corporation, JIDA Industrial Solutions Inc., Artisanz Fabrication and Machine L.L.C., and Schoeller Allibert Group B.V.
The study provides the historical as well as the forecast size of the dunnage packaging market.
The dunnage packaging market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Material
Based on End User
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