The global dunnage packaging market reached a value of US$ 3.9 billion in 2022 and is expected to reach US$ 6.8 billion by 2032, with a compound annual growth rate (CAGR) of 5.8% between 2022 and 2032.
Dunnage packaging offers several advantages such as damage avoidance, cost-effectiveness, flexibility, innovative design and development, environmental friendliness, suitable coating, and resistance to external abrasive and heated conditions.
The expansion of the aerospace and automotive industries is expected to drive significant growth in the dunnage packaging market during the forecast period. Reusable packaging is becoming increasingly prevalent in fast-moving consumer goods (FMCG), healthcare, and food and beverages sectors. Multi-use packaging solutions are preferred over single-use options. Customers are also becoming more aware of sustainable and environmentally friendly packaging materials.
Dunnage packaging includes various products such as dunnage airbags, dividers, peanuts, and others. In October 2020, Cargo Tuff LLC developed a dual dunnage airbag that is easier to handle and provides cost-effectiveness. In line with the sustainability trend, Wenzhou Lianhai Bag Company Ltd. introduced eco-friendly dunnage airbags in 2020.
Future Market Insights conducted a comprehensive market study titled “Dunnage Packaging Market” to provide these facts and insights. Their dedicated team of analysts and consultants employed a bottom-up approach, conducting primary, secondary, and tertiary research to gather and analyze data.
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The analyst from Future Market Insights stated, “With the increasing demand for dunnage packaging in industries such as aerospace and automotive, and the growing awareness of sustainable packaging materials, the global dunnage packaging market is expected to witness significant growth in the coming years.”
“The fact that dunnage packaging is cost-effective, the global dunnage packaging market is expected to grow on a gracious note in the forecast period”, says an analyst from Future Market Insights.
Key takeaways from the dunnage packaging market
- By material, the plastic dunnage packaging segment is anticipated to remain the leading segment, accounting for around 25% of demand in 2032.
- Air bags for dunnage in the product segment are estimated to hold a significant market share during the forecast period.
- Based on end-use industry, the automotive segment is projected to register a CAGR of 4.8% during 2022-2032.
- North America and Europe will account for nearly 55% of the global dunnage packaging market by the end of the forecast period.
- Demand for dunnage packaging is anticipated to be boosted in developing economies such as China, India and others due to the use of dunnage packaging by packers and shippers.
Ready from Key players covered in dunnage packaging market are:
- ORBIS Corporation ((Menasha Corporation)
- Coplex (DS Smith)
- NEFAB GROUP
- Amatech, Inc.
- Reusable transport packaging
- Stevedoring Engineering
- Salco Engineering and Manufacturing Co., Inc.
- KEENER Corporation
- ckpack
- UFP Technologies, Inc.
- Schoeler Allibert
- Craft and Machine Manufacturing, LLC.
- JIDA Industrial Solutions
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“The use of dunnage packaging in freight transportation will help manufacturers, distributors, resellers and carriers reduce losses caused by products damaged during transit. The need for dunnage packaging to ensure safety by lessening the impact of cargo shifting will create a growth opportunity for key manufacturers,” says an FMI analyst.
Report Benefits & Key Questions Answered
• Dunnage Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Water Resistant Packaging market that affected the growth in the market for the last assessment period 2015–2021 and also studies their consequent impact. It also provide refined the sales projection of the Water Dunnage Packaging market for the forecast period 2022 to 2032
• Dunnage Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Dunnage Packaging for the assessment period. As per the study, the demand for Dunnage Packaging will grow at a robust CAGR between 2022 to 2032.
• Dunnage Packaging Market Trend Analysis: The latest study by FMI on the Dunnage Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2022 to 2032.
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Dunnage Packaging Market by Category
By Material:
- Plastic
- Paper
- Metal
- Wood
- Foams
- Others (Fabric, Rubber)
By Product:
- Dunnage airbags
- Inserts
- Dividers
- Packaging Peanuts
- Others (Bubble Wraps, etc.)
By End Use Industry:
- Automotive
- Aerospace
- Electronics
- Food and Beverage
- Consumer Goods
- Healthcare
- Logistics & Transportation
- Others (Personal Care & Cosmetic, Homecare, etc.)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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