In the anticipated period from 2023 to 2033, size of the global dunnage packaging market is expected to surge at a CAGR of 5.9%. According to projections, the market value will rise from US$ 4.1 billion in 2023 to US$ 7.3 billion by 2033. At the end of 2022, it had a US$ 3.9 billion market value.
Through 2033, demand for dunnage packaging is predicted to expand at a very profitable rate. Recent estimates indicate that the market will have a US$ 3.4 billion opportunity for significant incremental growth. Additionally, it is likely to expand by almost two times its present value throughout this time.
Growth of e-commerce and online shopping has increased the demand for reliable packaging solutions. Transportable goods are well-protected with dunnage packing.
It assists in protecting items from potential harm and lowering the possibility of expensive returns. Businesses are using dunnage packing to make sure their items reach clients in perfect condition as consumers depend more and more on online shopping.
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Dunnage packaging is expected to become more popular as the emphasis on ecological practices grows. Businesses are looking for eco-friendly packaging options to support their corporate responsibility objectives as environmental issues become more prominent.
This need is met by dunnage packaging composed of recyclable and biodegradable materials. As a result, it might enable businesses to lessen their environmental impact while preserving the quality of their products.
Demand for dunnage packaging is anticipated to increase due to expansion of global trade and logistics networks. Demand for dependable packaging solutions has increased as the volume of commodities being carried across borders has surged. Dunnage packaging could be favored for international trade due to its capacity to safeguard goods during lengthy shipments.
Dunnage packaging has become increasingly popular as a result of the continual rise of sectors including automotive, electronics, and aerospace. These sectors rely significantly on pricey, delicate parts that need particular shipping security. Due to its adaptability and capacity to offer specialized solutions for various products, dunnage packaging is set to become a crucial component of their supply chains.
Demand for dunnage packaging is anticipated to increase as a result of ongoing technological improvements. Manufacturers are constantly coming up with new, cost-effective solutions to fulfill the changing needs of companies in a variety of sectors.
Dunnage packaging materials might become more effective and provide better protection for goods if they continue to improve. This is probably going to make it a desirable choice for businesses looking for the best packaging solutions.
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Key Takeaways from Dunnage Packaging Market Study:
- The dunnage packaging industry witnessed a CAGR of 4% during the historical period between 2018 and 2022.
- Germany dunnage packaging industry is estimated to surge at a CAGR of 8% during the forecast period from 2023 to 2033.
- China dunnage packaging industry is projected to create an incremental opportunity of US$ 328.4 million in the review period.
- Based on material, the plastic segment is anticipated to hold around 2% of the dunnage packaging market share by the end of 2033.
- The automotive segment based on end use is expected to create an incremental opportunity of US$ 736.8 million in the assessment period.
“Growth of the manufacturing and industrial sectors has been extremely important in generating demand. Demand for effective packaging solutions to safeguard fragile and priceless components during transit grew as these sectors saw expansion. Manufacturers looking to secure their products might select dunnage packaging owing to its capacity to offer reliable, individualized protection.” – says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
Manufacturers of dunnage packaging might prioritize ongoing innovation to create brand-new, enhanced dunnage packaging solutions. They might spend money on research & development to produce packaging materials that are stronger, lighter, and more environmentally friendly.
Manufacturers will provide specialized dunnage solutions to meet the needs of particular products and transportation requirements as businesses have different packaging requirements. Custom packaging can improve product protection while lowering waste.
Manufacturers of dunnage packaging are likely to embrace sustainable practices as environmental awareness rises. Utilizing eco-friendly materials, promoting recycling & biodegradability, and minimizing packaging waste are a few examples of how to do this.
For instance,
- Orbis Corporation announced the introduction of a new BulkPak series shipping container in May 2023.
- In 2022, CargoTuff LLC will introduce the 4Trans dunnage bag, a brand-new and distinctive product.
Get More Valuable Insights into Dunnage Packaging Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global market for dunnage packaging, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections on the dunnage packaging based on material (plastic, paper, metal, wood, foams, and others (fabric, rubber)), product (dunnage air bags, inserts, dividers, packaging peanuts, others (bubble wraps)), and end use (automotive, aerospace, electronics, food & beverage, consumer goods, healthcare, logistics & transportation, others (personal care & cosmetic, homecare)) across seven regions.
About the Packaging Division at Future Market Insights (FMI)
The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competition landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Dunnage Packaging Market Outlook by Category
By Material:
- Plastic
- Paper
- Metal
- Wood
- Foams
- Others (Fabric, Rubber)
By Product:
- Dunnage Air Bags
- Inserts
- Dividers
- Packaging Peanuts
- Others (Bubble Wraps)
By End Use:
- Automotive
- Aerospace
- Electronics
- Food & Beverage
- Consumer Goods
- Healthcare
- Logistics & Transportation
- Others (Personal Care & Cosmetic, and Homecare)
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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