Europe currently dominates the dunnage tray market due to high demand from the autonomous vehicle sector. North America maintains a stable presence. However, Asian economies are poised to surpass Europe in this market as major players establish bases in countries like Vietnam, India, China, Taiwan, Philippines, and South Africa, attracted by more affordable raw materials.
The global dunnage tray market is poised for substantial growth, with an ambitious target of reaching US$ 2.6 billion by 2029, driven by a robust Compound Annual Growth Rate (CAGR) of 4.3% between 2022 and 2029. Over the past few years, dunnage trays have gained significant traction, particularly in the automotive sector where they are employed to efficiently handle automotive parts on the shop floor.
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In the automotive manufacturing process, robotic systems play a pivotal role by extracting components from dunnage trays and feeding them directly into the assembly line, enhancing production efficiency. Notably, there’s a notable shift towards reusable dunnage trays that are not only efficient but also 100% recyclable. These reusable trays are increasingly viewed as capital investments due to their sustainable and cost-effective nature.
However, the dunnage tray market faces a competitive landscape with the emergence of substitutes such as foam inserts. These substitutes are challenging the market dynamics, potentially hindering its growth.
Recent market analysis by Future Market Insights reveals a significant surge of 20 basis share points (BPS) in H1-2022 when compared to H1-2021. Furthermore, there’s a noticeable 10 BPS increase in growth rate between the projected H1-2022 and the actual H1-2022 outlook. This growth is primarily attributed to the critical role dunnage trays play in limiting damages during transportation by absorbing shocks, maintaining goods’ moisture levels, and protecting them from damage, particularly valuable in the automotive sector. Ultimately, the growing adoption of robotic technology in manufacturing, especially in the automotive industry, continues to drive sales of customized dunnage trays.
Key Takeaways of Dunnage Trays Market Study
- Dunnage trays market has been witnessing significant growth in demand for custom-designed dunnage trays, with cavities that can be shipped and unloaded at the assembly line.
- Automotive industry remains the prominent end-use industry, followed by healthcare & pharmaceuticals, in global dunnage trays market.
- Polypropylene (PP) continues to be preferred over the high-density polyethene (HDPE) among manufacturers of dunnage trays. This is attributable to industry experts declaring polypropylene as a tough and robust material with suitable properties such as good heat & puncture resistance and strength for manufacturing dunnage trays.
Increasing implementation of robotic technology in manufacturing, especially in the automotive industry has been a driving force for sales of customized dunnage trays, as assembly line are replaced by robots. The thriving electric vehicle (EV) market is anticipated to contribute substantially to the growth of the dunnage trays market in the foreseeable future.
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Players in Dunnage Trays Market Focus on Product Durability and Reusability
The primarily role of a dunnage tray is to safeguard the cargo during the transit, and this packaging solution can withstand external factors such as heat (especially during the manufacturing process), giving confidence to end-users, and increasing its use in extreme climatic conditions. Dunnage trays can last for many years, ultimately saving costs by reducing the need for frequent repurchase.
Thus manufacturers in the dunnage trays market focus on use of sustainable materials, which are hygienic and easy to clean, with an aim to improve their product sales. Prominent manufacturers in the dunnage tray are using High-density Polyethylene (HDPE), as this easily recyclable material helps to protect stored parts against electrostatic discharge from charged surfaces and grounded items nearby, which could lead to undesired accidents or loss of sensitive electronic devices and sensors.
Know More About Dunnage Trays Market Report
Future Market Insights, in its new offering, offers an unbiased analysis of the global dunnage trays market, analysing historical demand from 2014-2021 and forecast statistics for 2022-2029.
The study unravels growth projections on the dunnage trays market on the basis of material type (Polypropylene (PP), Polyvinyl Chloride (PVC), Thermoplastic polyurethanes (TPU), Acrylonitrile butadiene styrene (ABS), High density polyethylene(HDPE), end-use industry (electrical & electronics, health care & pharmaceuticals, automobile, food & beverages, agriculture, shipping & logistics, manufacturing & warehousing), across seven major regions.
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Key Segments:
Material Type:
- Polypropylene (PP)
- Polyvinyl chloride (PVC)
- Thermoplastic polyurethanes (TPU)
- Acrylonitrile butadiene styrene (ABS)
- High-density polyethylene (HDPE)
End-use:
- Electrical & Electronics
- Healthcare & Pharmaceuticals
- Automobile
- Food & Beverage
- Agriculture
- Shipping & Logistics
- Manufacturing & Warehousing
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
Frequently Asked Questions
- How much is the Dunnage Tray market currently worth?
- What is the sales forecast for Dunnage Tray through 2029?
- What was last 7-year market CAGR for the sales of Dunnage Tray?
- Who are the key manufacturing companies for Dunnage Tray?
- What’s with “North America”?
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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