The global Dunnage Packaging market worth USD 4,183.30 million by 2030, growing at a CAGR of 5.8%
.jpg "The Global Dunnage Packaging Market 2020-2030 (USD Million)")
Due to the high demand from the automobile, communications, aerospace, and food & beverage sectors, the market is rising. Rising demand for sustainable and green packaging solutions is projected to fuel market growth over the coming years, considering their cost-effectiveness as opposed to expendable packaging.
The product is an important part of the replaceable/reusable packaging market, and enables companies to make repeated use of the same packaging for a considerable period of time, thus optimizing the costs associated with the packaging of the product. Demand is expected to rise with the rising consumption of sustainable packaging through the automobile, consumer durables, and food & beverage sectors.
As a result of the ability of products to ensure partial sustainability, cost savings, and protection of packaged products, the market in China is expected to show strong growth due to high demand. Moreover, due to lower manufacturing costs in the region, the presence of a large customer base and rising industrialization are projected to boost commodity demand in the automobile, healthcare informatics, and aerospace industries.
Dunnage Packaging Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 4,183.30 million |
| Growth Rate | CAGR of 5.8 % during 2020-2030 |
| Segment Covered | By Material Type, Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | DS Smith (UK), Myers Industries (US), Menasha Corporation (US), Schoeller Allibert (Netherlands), Nefab (Sweden), UFP Technologies (US), Amatech Inc. (US), Reusable Transport Packaging (Florida), Rehrig Pacific Company (US), MJSolpac Ltd. (UK). |
Key Segments of the Global Dunnage Packaging Market
Material Overview
- Corrugated Plastic
- Molded Plastic
- Foam
- Steel
- Aluminum
- Wood
- Fabric Dunnage
- Corrugated Paper
- Others
End Use Overview
- Automotive
- Aerospace
- Electronics
- Food & Beverages
- Consumer Durables
- Healthcare
- Others
Regional Overview
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global dunnage packaging market.
- Dunnage packaging is widely used for various end uses in automotive and aerospace, owing to their excellent properties and the market is expected to gain traction over the coming years
- With the growing electronics, food and beverages applications, there is a rise in the demand for dunnage packaging which is further expected to have a positive impact on the overall market growth
What does the report include?
- The study on the global dunnage packaging market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the dunnage packaging industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on Material and End Uses. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global dunnage packaging market. The report will benefit: Every stakeholder involved in the dunnage packaging market.
- Managers within the dunnage packaging industry looking to publish recent and forecasted statistics about the global dunnage packaging market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global dunnage packaging market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The dunnage packaging market is growing at a CAGR of 5.8 % over the forecast period
Europe dominated the market for dunnage packaging market and accounted for the largest revenue share.
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Manufacturers mainly use the commodity in automotive applications to move their completed and semi-finished automotive products, including the supply of body parts to assembly parts from the vendor or component supplier. In this sense, short distances and regular shipment of heavy and high-volume goods enable carmakers to opt for reusable packaging solutions.
Customizable dunnage solution manufacturing is a capital-intensive operation that requires a high start-up cost to set up an initial processing facility for the commodity. The manufacture of new machinery, which is expensive to purchase, has given rise to rapid technological developments. As a return on investment is strong in the long run, industry companies with large investment capabilities are expected to enter the market.
This, in essence, poses an entry barrier for small and medium-sized businesses as the high cost of capital per production unit renders it impossible for new entrants to generate dunnage solutions. In addition, consumer preferences vary in terms of package types, products used, and forms, indicating the need for professionally designed manufacturing lines to deliver distinctive solutions.
Material Segment
Based on the Material, the market is segmented into Corrugated Plastic, Molded Plastic, Steel, Aluminum, Foam, Corrugated Paper, Wood, Fabric Dunnage, and Others. The Corrugated Plastic material type segment has the largest share in the market in 2019 and the market is forecasted to grow with a significant rate of above 6.5% CAGR over the forecast period. Corrugated Plastic is projected to record the highest CAGR as it can be shaped into different shapes and sizes. Corrugated plastic packaging is used in a number of applications because of its low cost, flexibility, and simple availability. It has made it popular with consumers with characteristics such as longevity, safety, hygiene, and low weight.
End Use Segment
In terms of the End Use segment, the market is segmented into Automotive, Aerospace, Electronics, Food & Beverages, Consumer Durables, Healthcare, and Others. In 2019, the automotive segment has the fastest growth in the market in 2019, and the market is forecasted to grow with a significant rate of above 6% CAGR over the forecast period. Dunnage wrapping is mainly used while in transit to secure the cargo. This technology's cost-effectiveness and eco-friendly characteristics have led to its intensive application in the automotive end-use market. Dunnage packaging provides outstanding properties that are sufficiently durable to resist environmental conditions such as heat.
The Asia Pacific region has the largest share in the market with a CAGR of more than 35.2% in 2019 and is anticipated to continue with the same position during the forecast years 2018-2028. This growth is accredited to the growing demand from economies, including China and India, for recycled packaging solutions, as packaging styles ensure the protection of packaged goods, partial durability, and cost savings. Growing reusable packaging applications in the food & beverage, healthcare, and fast-moving consumer goods (FMCG) industries are expected to improve the regional demand further.
North America region is anticipated to provide a high CAGR of over 5.5% during the forecast period. Due to the excellent load stabilizing power, increasing demand for corrugated paper-based dunnage products from industries such as aerospace, electronics, and automotive is expected to increase the market growth. Key producers that rely on strategic strategies, such as comprehensive R&D, mergers & acquisitions, product enhancement, and capacity expansion, are distinguished by the regional industry.
The major players of the global dunnage packaging market are ORBIS Corporation (Menasha Corporation); Corplex (DS Smith); NEFAB GROUP; UFP Technologies, Inc.; Reusable Transport Packaging; Amatech Inc.; MJSolpac Ltd. Moreover, the market comprises several other prominent players in the dunnage packaging market as Ckdpack; GWP Group; Interior Packaging Design, LLC. Packaging Corporation of America; Dunnage Engineering; Salco Engineering and Manufacturing Co., Inc.; Package Design & Mfg; KEENER Corporation. The dunnage packaging market consists of top, medium level and a number of domestic players in the global market. In addition to this, the well-established players in the industry have made various strategies and research & developments to compete with other players in the regional and global market.