The global dunnage packaging market was valued at USD 2.8 billion in 2018 and is expected to exhibit a strong 5.1% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global dunnage packaging market is expected to be driven mainly by the growing packaging industry over the world. The major drivers and restraints affecting the global dunnage packaging market are profiled in detail in the report. The major trends in the global dunnage packaging market are also examined in the report. Major players operating in the global dunnage packaging market are also profiled in detail in the report. The impact of the COVID-19 pandemic on the global dunnage packaging market is also examined in detail in the report.
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Dunnage packaging refers to packaging that minimizes the movement of the item being packaged during transportation. Dunnage packaging solutions include multiple sections, which can contain multiple parts and thus negate the need for separate packaging for each of the individual parts. The increasing demand for secure and convenient packaging has been the major driver for the global dunnage packaging market over the last few years. Growing innovation in packaging materials such as paper, cardboard, honeycomb, etc. is likely to be a major driver for the global dunnage packaging market over the forecast period. Due to the growing demand for sturdy packaging, packaging industry giants have made considerable investments in the development of high-grade packaging materials that protect the package and prevent damage from environmental factors such as heat and moisture as well as damage from physical events such as bumping and dropping. Increasing development of foam packaging is also likely to be a major driver for the global dunnage packaging market over the forecast period.
The growing packaging industry is likely to be the major driver for the global dunnage packaging market over the forecast period. The growing ecommerce sector has massively improved the prospects of the packaging industry in recent years. As the number of consumers using online shopping channels has grown, this has led to a growing demand for effective packaging materials that can protect the packages from the various threats presented during transportation of the package. The increasing attention being paid to the environmental viability of packaging materials is also likely to be a major driver for the global dunnage packaging market, as this is likely to drive the demand for environment-friendly packaging materials such as paper and honeycomb.
Dunnage Packaging Market – Segments
The market is segmented into material type, end-use industry, and regions. The material type segment is sub-segmented into corrugated plastics, molded plastics, aluminum, steel, fabric dunnage, corrugated paper, wood, foams, and others. Among these, the corrugated plastic/ composite dunnage segment holds the largest market share. The segment is also expected to witness the highest CAGR during the forecast period.
The end-use industry segment is sub-segmented into aerospace, automotive, electronics, food beverages, consumer goods, healthcare, and others. Among these, the automotive industry segment holds the largest market share witnessing vast uptake in the rapidly growing automotive aftermarket industry. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the rest-of-the-world.
Global Dunnage Packaging Market – Regional Analysis
The Asia Pacific region dominates the global dunnage packaging market. Factors such as the rapidly growing industrialization and manufacturing activities and end-user industries boost the dunnage packaging market size. Rapidly expanding consumer markets and abundantly available natural resources are the major factors driving the market in this region.
Moreover, the growing demand for sustainable packaging in countries such as China and India increases the region's dunnage packaging market share. China and India account for the largest share in the regional market, witnessing the increasing demand from food beverage and consumer goods.
North America is another lucrative market for dunnage packaging solutions. The market growth attributes to the growing RD investments for product development and innovation of packaging materials.
Additionally, stringent government regulations for recycling packing materials propel the demand for smart and innovative packaging in the various end-use industries. Furthermore, the increasing demand and focus on developing low-cost dunnage packaging options are key factors accelerating the market growth. The US and Canada account for the largest markets for dunnage packaging.
The European dunnage packaging market is growing rapidly, heading with the increased awareness about sustainable packaging and a strong industrial base. Besides, the continually rising economy of this region and demand for packaged food beverages drives the dunnage packaging market growth. Increasing needs to reduce packaging waste, and demands for bulk transportation are major dunnage packaging market trends.
Dunnage Packaging Market – Competitive Analysis
The dunnage packaging market appears to be highly competitive due to several large and small players. Well-established players incorporate acquisition, collaboration, partnership, expansion, and product launch to gain a larger competitive share in this market and maintain their market position.
They compete based upon pricing and product service. They strive to offer a customized product portfolio designed to meet specific customer objectives and a broad range of services, from assembly to packing, with state-of-the-art service centers.
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Major Players:
Players leading the global dunnage packaging market include Myers Industries (US), DS Smith (UK), Menasha Corporation (US), Nefab (Sweden), Schoeller Allibert (Netherlands), UFP Technologies (US), Reusable Transport Packaging (Florida), Amatech Inc. (US), Rehrig Pacific Company (US), and MJSolpac Ltd. (UK), among others.
Industry/ Innovation/ Related News
May 11, 2021— ORBIS Corporation, an international leader in reusable packaging, announced adding new fabric PolySilk to its dunnage offerings for optimal protection of delicate automotive. The new nonwoven center fabric material is ideal for soft divider sets, hanging bags used for lightweight parts, and extra-delicate Class-A components, chrome and painted parts.
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