Dunnage Packaging Market
Dunnage Packaging Market Size, Share & Trends Analysis Report by Material (Corrugated Plastic, Molded Plastic, Foam, Steel), by End-User (Automotive, Aerospace, Electronics, Food & Beverages), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
Market Snapshot
| Dunnage Packaging Market Forecast Year: | 2022 - 2028 |
| Dunnage Packaging Market Historical Year: | 2016 - 2021 |
| Dunnage Packaging Market 2021: | USD 3.82 Billion |
| Dunnage Packaging Projected Market 2028: | USD 5.06 Billion |
| Dunnage Packaging Market CAGR: | 4.8% |
| Fastest Growing Region: | Asia Pacific |
| Largest Region: | Asia Pacific |
Market Synopsis:
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.
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
Region & Counties Covered
Companies 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
Market Segmentation:
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.
Competitive Landscape:
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)
· Molded Plastic
· Foam
· Steel
· Aluminum
· Wood
· Fabric Dunnage
· Corrugated Paper
· Others
By End-User -(Revenue- USD Million, 2016-2028)
· Automotive
· Aerospace
· Electronics
· Food & Beverages
· Consumer Durables
· Healthcare
· Others
By region- (Revenue- USD Million, 2016-2028)
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
· GCC Countries
· South Africa
· Rest of Middle East and Africa
Frequently Asked Questions
-
What is
the global demand for Dunnage Packaging
in terms of revenue?
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%
-
Which
are the prominent players
in the market?
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).
-
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 4.8% between 2021 and 2028.
-
What are
the driving factors
fueling the growth of the market.
The driving factors of the Dunnage Packaging include
- Increasing Urban Population
-
Which
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Dunnage Packaging in 2020.
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