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)
|Forecast Years for Dunnage Packaging Market:||2022 - 2028|
|Historical Years for Dunnage Packaging Market:||2016 - 2021|
|Revenue 2021 for Dunnage Packaging Market:||USD 3.82 Billion|
|Revenue 2028 for Dunnage Packaging:||USD 5.06 Billion|
|Revenue CAGR (2022 - 2028) for Dunnage Packaging Market :||4.8%|
|Fastest Growing Region (2022 - 2028) for Dunnage Packaging Market:||Asia Pacific|
|Largest Region (2021) for Dunnage Packaging Market:||Asia Pacific|
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.
Regions & Countries Covered
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
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)
· Molded Plastic
· Fabric Dunnage
· Corrugated Paper
By End-User -(Revenue- USD Million, 2016-2028)
· Food & Beverages
· Consumer Durables
• 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 Questions
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%
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.
the driving factors
fueling the growth of the market.
The driving factors of the Dunnage Packaging include
- Increasing Urban Population
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Dunnage Packaging in 2020.