Dunnage Paper Bags Market Outlook
The global dunnage paper bags market is estimated to reach US$ 483.2 Mn in 2022, and anticipated to reach US$ 810 Mn by 2032, owing to the increasing demand for protective packaging solutions across the globe. As per FMI, the dunnage paper bags market will exhibit the said growth at a CAGR of 5.3% during the forecast period from 2022 to 2032.
Dunnage paper bags is a type of packaging that comprises of protecting and cushioning goods during transportation. The size of the bags plays a vital role in defining the flexibility, strength, cost efficiency and user-friendliness of any product type.
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The sales of dunnage paper bags are on the rise across the globe and one of the key industries contributing to this demand is the food industry. Several food items such as vegetables and fruits are transferred in such bags so that they are safe from various factors like dirt, dust, water, etc.
These dunnage paper bags render an extra layer of protection that keeps the food products fresh even though they are exposed to tough environmental conditions during transportation. Besides food industry, dunnage paper bags are largely used in transport industry too.
These bags protect fragile products from any kind of damage. Dunnage bags are usually made of corrugated medium or high-density fiberboard (M/HDF) which has several air-filled small cells. These air cells give a cushioning effect to the goods during any harsh transportation. Moreover, dunnage paper bags are robust in nature and prevent crush injuries at edges and corners where most commonly any damages take place.
During transit, cargo incurs some damages, and this loss is reduced when dunnage paper bags are used as they save time and money in supply chain. Dunnage paper bags are quite user-friendly and need a compressed air source and an inflator tool for inflation. Dunnage paper bags are cost-effective and convenient to use for goods transportation in trucks, cargo vessel and railcars.
How are the Growing Cargo and Logistics Industries fueling the Growth of Dunnage Paper Bags Market?
In today’s world, transport is the key for manufacturers’ trade, mainly for cross border trade. IATA states that the value of international trade shipped by air would be nearly US$ 5 trillion, which is less than 1% of world trade by volume, however, is responsible for more than 35% by value.
Moving of goods from one end of the world to another is essential for better economy of countries and dunnage paper bags assist in secure transportation of goods. It is a known fact that shipping of goods is either done via railways, airways, or seaways. Shipping and cargo industries use dunnage paper bags for cargos as this assures reduced damage and secures the products during transit.
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Dunnage paper bags restrict the movement of cargo loads in overseas, truck containers or in railways.
Secondary Factors responsible for driving the Growth of Dunnage Paper Bags Market
As already mentioned, there is a huge demand for dunnage paper bags in the food industry, especially in the packaged food products. Dunnage paper bags are a great substitute for metal cans used in the packaged food products; as compared to metal containers, dunnage paper bags act as a much better barrier to gas and water vapor transfer.
This process helps in precluding oxidation processes which result in faster degeneration of dry foods such as cereal, chips, pretzels, etc., and therefore leads to better and extended shelf life and at the same time preserving the quality and taste of the food.
Artificial chemicals are used in the manufacturing process of packaging materials which can many a time be hazardous. Since majority population today are aware of the problems associated with health and safety, several manufacturers are leaning towards the adoption of eco-friendly packaging materials like cardboard bokes which are made from recycled paper. They are also using polyethylene terephthalate (PET) to decrease the waste of packaging materials. This also ensures safety of environment from pollution and saves money too.
During the forecast period, recession in shipping containers market could adversely affect the global dunnage paper bags market. Ever-changing trade strategies and uncertainty in trade policy affects the trade between nations. Since 2008-09, international trade has faced headwinds from slowing economic growth, particularly in primary market for commodities as well as finished goods. The slowdown in both value and volume of international trade, successively affected the shipping industry across the continents which impacts the global dunnage paper bags market.
What makes Asia Pacific to garner highest market share in the dunnage paper bags market?
In the past few years, dunnage paper bags have witnessed higher growth in sales in the Asia Pacific region owing to swiftly increasing LPG production in China. There has been a growing awareness regarding eco-friendly products across this region and this has encouraged the use of paper bags amongst end users. Also, higher expectations of local consumers for ‘value for money’, has forced logistics service providers to adopt more protective packaging solutions such as dunnage paper bags. Furthermore, due to the cost-effective nature of dunnage paper bags, the usage of such bags in Asia Pacific is anticipated to be higher.
Besides, North America is also anticipated to account for majority market share in the global dunnage paper market owing to increasing need from transport sector food industry. The European market is responsible for garnering second-largest revenue due to favorable government policies regarding eco-friendly product use which encourages manufacturers to opt for biodegradable materials like paper as compared to synthetic materials.
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Dunnage Paper Bags Market Competition
Some of the most eminent companies in the global dunnage paper bags market are Litco International, Inc., Bates Cargo-Pak ApS, Cordstrap B.V., Green Label Packaging, Atmet Group Inc., Stopak India Pvt. Ltd., Etap Packaging International GmbH.
Atmet Group Inc. is a pioneer in manufacturing dunnage air bags. Based in Atlanta, USA this company has their sales offices in several Asia Pacific countries. Over the year, Atmet has become the largest manufacturer of dunnage bags in Asia and is the industry leader in Load Damage Prevention.
They provide dunnage bags to several client industries such as Electronics, Food & beverages, Manufacturing, Machineries, Military, etc. Their sole commitment is to continue delivering innovation, superior services with fast deliveries and sustainable solutions to their clients.
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