Dunnage Packaging Market
Dunnage Packaging Market - Global Industry Assessment & Forecast
- By Material Corrugated Plastic, Molded Plastic, Foam, Steel, Aluminum, Wood, Fabric Dunnage, Corrugated Paper, Others
- By End-User Automotive, Aerospace, Electronics, Food & Beverages, Consumer Durables, Healthcare, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 3.82 Billion|
|Revenue 2028:||USD 5.06 Billion|
|Revenue CAGR (2022 - 2028):||4.8%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Global Dunnage Packaging Market valued at USD 3.82 Billion in 2021 and is projected to reach a value of USD 5.06 Billion by 2028 at a CAGR of 4.8% over the forecast period.
The Dunnage Packaging market is witnessing growth due to the increasing demand for Dunnage Packaging from the electronics, automotive, aerospace, and food and beverage industries. Moreover, the increased optimization of pack size, strong demand for Dunnage Packaging from end-use industries, various benefits of dunnage packaging, and rising urban population are the factors fueling the growth of the Dunnage Packaging Market during the forecast period. Additionally, the Dunnage Packaging includes some additional benefits involving flexibility in innovation and design, optimum cushioning, cost-effectiveness, resistance to abrasive and external heat conditions, and environmental friendliness which is expected to drive the growth of the Dunnage Packaging market in coming years. The growth of the e-commerce and retail sector is the other prime factor that is projected to enhance the Dunnage Packaging market in the upcoming years. The Dunnage Packaging market has seen a speedy expansion in recent years and this tendency is predicted to continue in the coming future due to an increased demand for packaging solutions for automotive components like power trains, lights, engines, and the other interior components for transportation. Furthermore, Dunnage Packaging is the protective packaging used in logistics operations and transportation in order to avoid damage that might affect the quality of the product during handling which is predicted to drive the market growth in years to come. Besides, the price fluctuation of Dunnage Packaging is hampering the growth of the Dunnage Packaging market during the forecast period. Whereas, increasing investments in research and development by the industrial sector are expected to provide growth opportunities for the Dunnage Packaging market in the coming future.
Dunnage Packaging Market Size, 2021 To 2028 (USD Billion)
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
The Dunnage Packaging Market is segmented as material and end-user. Based on material the market is segmented as corrugated plastic, molded plastic, foam, steel, aluminum, wood, fabric dunnage, corrugated paper, and others (glass, rubber, and anti-static). On the basis of end-user, the market is segmented as automotive, aerospace, electronics, food & beverages, consumer durables, healthcare, and others (construction, oil & lubricants, and chemicals).
Below tree is interactive. You can click the nodes to get more information.
Electronics Sector is Projected to Grow at the Highest CAGR Within the Segment
Based on end-user, the electronics segment is expected to witness the highest growth during the forecast period. The Dunnage Packaging is experiencing growth in the application of the end-use industry owing to the increasing demand for 360 degree and eco-friendly product safety properties. Electronics packaging helps in creating lightweight packaging for components while sustaining structural integrity, and lower transportation and packaging costs which is driving the growth of the electronics packaging segment.
The Corrugated Plastic Segment Owns a Major Share
On the basis of material, the corrugated plastic segment is dominating the Dunnage Packaging Market. Corrugated plastic is lightweight, and low-cost material that can be customized to fit in any container. Moreover, various properties of the material involving high parts-per-container density and moisture resistance are predicted to boost the demand for corrugated plastic in the Dunnage Packaging Market during the forecast period.
Asia Pacific Region to Maintain its Leading Positing in the Global Market
The APAC region is predicted to be the largest and fastest-growing region for the Dunnage Packaging Market during the forecast period. The electronics and automotive industries are the major consumers of Dunnage Packaging in the Asia Pacific region. Moreover, the presence of large numbers of manufacturers in the region makes the region the outermost important market for dunning packaging. The growth of the Asia Pacific region is attributed to the increasing demand for Dunnage Packaging in the electronics, automotive, and aerospace end-user industries. Whereas, Japan and China are considered the prime contributors in the Asia Pacific Dunnage Packaging Market.
The Dunnage Packaging Market is fragmented in nature due to the presence of the major key players in the market. Some of the prime key players in the market are DS Smith (UK), Menasha Corporation (US), Schoeller Allibert (Netherlands), Myers Industries (US), Nefab (Sweden), UFP Technologies (US), Reusable Transport Packaging (Florida), Amatech Inc. (US), MJSolpac Ltd. (UK), Rehrig Pacific Company (US).
Segmentation of Dunnage Packaging Market:
By Material -(Revenue- USD Million, 2016-2028)
· Corrugated Plastic
· Molded Plastic
· Fabric Dunnage
· Corrugated Paper
By End-User -(Revenue- USD Million, 2016-2028)
· Food & Beverages
· Consumer Durables
By region- (Revenue- USD Million, 2016-2028)
• The US
• The UK
• Rest of Europe
• South Korea
• South East Asia
• Rest of Asia Pacific
• Rest of Latin America
Middle East & Africa-
· GCC Countries
· South Africa
· Rest of Middle East and Africa
Frequently Asked Question
The global Dunnage Packaging valued at USD 3.82 Billion in 2020 and is expected to reach USD 5.06 Billion in 2028 growing at a CAGR of 4.8%.
The prominent players in the market are DS Smith (UK), Menasha Corporation (US), Schoeller Allibert (Netherlands), Myers Industries (US), Nefab (Sweden), UFP Technologies (US), Reusable Transport Packaging (Florida), Amatech Inc. (US), MJSolpac Ltd. (UK), Rehrig Pacific Company (US).
The market is project to grow at a CAGR of 4.8% between 2021 and 2028.
The driving factors of the Dunnage Packaging include
- Increasing Urban Population
Asia Pacific was the leading regional segment of the Dunnage Packaging in 2020.