The worldwide dunnage trays market is competing to arrive at US$ 2.6 Bn constantly 2029 at a CAGR of 4.3% somewhere in the range of 2022 and 2029.
Dunnage trays are popular, particularly for travel and handling of auto parts on shop floors. Significantly determined by their reusability, deals of dunnage trays are set for consistent development at a CAGR of 4.3% during 2022 – 2029. Tweaked dunnage trays are uniquely intended for the auto fabricating process, in which a robot removes the parts from the plate and feeds them straightforwardly into the mechanical production system.
Notwithstanding, organizations have presented an improved arrangement by giving reusable dunnage trays that are 100 percent recyclable. These reusable dunnage trays are planned uniquely to safeguard spare parts and other comparative material during the assembling system, can be re-utilized, and are treated as capital venture.
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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.
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.
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How has Covid-19 impacted the Dunnage Tray Market?
“Market re-oxygenated post-Covid”
The outbreak of Covid-19 had halted the production of dunnage trays between March 2020 and Sep 2021 in wake of partial/total lockdowns being enforced all across. Also, another reality was that international borders were sealed in this timespan.
However, with normalcy getting restored, the dunnage tray market is slated to grow on an irrevocable note in the forecast period. The post-Covid era would, in fact throw a better light on ensuring safety and damage-free ambience.
Competitive Landscape
The global dunnage tray market is fairly competitive with regards to organic growth.
- DS Smith Packaging has its series of EPP, EPS, and HDPE trays. There are Bespoke trays – nestable on being empty and stackable on being filled.
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 Covered in Dunnage Tray Industry Research
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 Dunnage Tray Market
- Latin America Dunnage Tray Market
- Europe Dunnage Tray Market
- East Asia Dunnage Tray Market
- South Asia Dunnage Tray Market
- Oceania Dunnage Tray Market
- Middle East & Africa (MEA) Dunnage Tray Market
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”?
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