Dunnage Packaging Market

Dunnage Packaging Market

Growth Factors of Dunnage Packaging Market

The dunnage packaging market size was valued at USD 4.00 billion in 2023, and the market is now projected to grow from USD 4.21 billion in 2024 to USD 6.65 billion by 2032, exhibiting a CAGR of 5.89% during the forecast period of 2023-2030.

The disrupted supply chain and lockdown has affected the market growth. It has stopped several manufacturing units. The rapid adoption of e-commerce and food & beverage industries necessitates packaging solutions. The COVID 19 pandemic overall propelled the dunnage packaging market growth.

The growing automotive industry increased huge demand for dunnage products. This packaging is cost effective and strong in nature. The increasing demand for packaging products from the automotive industry owing to its reduced wrapping waste and carbon footprint is supporting the market growth. Additionally, the flourishing logistics and transportation sector is a major contributor to the rapid growth in the dunnage packaging industry globally.

The rising online platform and high demand for sustainable packaging solutions is a market trend. The increasing requirement for dunnage packages focusing on sustainable solutions. It is propelling the demand for protective packaging solutions to safeguard the delivery of products to customers. Growing digital shopping activities solutions, dunnage offers excellent protection to durable and perishable products during transportation.

Comprehensive Analysis of Dunnage Packaging Market

The dunnage packaging market and packaging industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the packaging industry. These segmentations are methodically segregated by types of material, product type, and end use. The material includes plastic, fabric, paper, metal, and others. Segment by product type includes inserts & dividers, bags, racks, trays, pads & corners, and others. Similarly, the end use includes automotive, shipping & logistics, aerospace & defense, electrical & electronics, food & beverages, healthcare, and others.

The North American region is conducive to the global dunnage packaging market, leading to a recall of USD 1.36 billion owing to the existence of major companies and the well-established automotive sector are enhancing the market enlargement in the region. Additionally, the constant investments in research and development activities and growing technological advancements in packaging solutions are boosting market growth.

The top players in the market play a critical role in the packaging industry assuring industrial prospectus growth and setting market standards. These players include, ORBIS Corporation (U.S.), DS Smith (U.K.), Sonoco Products Company (U.S.), Corplex (France), NEFAB Group (Sweden), Dordan Manufacturing Company Inc. (U.S.), Reusable Transport Packaging (U.S.), IPS Packaging & Automation (U.S.), Signode Industrial Group (U.S.), Amatech Inc. (U.S.), MJSolpac Ltd. (U.K.), Ckdpack (Canada), GWP Group (U.K.), Packaging Corporation of America (U.S.), Southern Packaging, LP (U.S.) these market players provide a level-playing competitive landscape.

In March 2024, Allpack announced the launch of innovative dunnage bag solutions with the integration of the contain-a-pac brand. A contain-A-Pac brand for dunnage bags is primarily designed to revolutionize the shipping & logistics industry and improve its cargo protection product range.

Segmentation Table

Global Dunnage Packaging Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.89% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

- Plastic

- Fabric

- Paper

- Metal

- Others

By Product Type

- Inserts & Dividers

- Bags

- Racks

- Trays

- Pads & Corners

- Others

By End Use

- Automotive

- Shipping & Logistics

- Aerospace & Defense

- Electricals & Electronics

- Food & Beverages

- Healthcare

- Others

By Region

- North America (By Material, By Product Type, By End Use, and By Country)

• U.S. (By Material)
• Canada (By Material)

- Europe (By Material, By Product Type, By End Use, and By Country)

• Germany (By Material)
• UK (By Material)
• France (By Material)
• Italy (By Material)
• Spain (By Material)
• Russia (By Material)
• Poland (By Material)
• Romania (By Material)
• Rest of Europe (By Material)

- Asia Pacific (By Material, By Product Type, By End Use, and By Country)

• China (By Material)
• India (By Material)
• Japan (By Material)
• Australia (By Material)
• Southeast Asia (By Material)
• Rest of Asia Pacific (By Material)

- Latin America (By Material, By Product Type, By End Use, and By Country)

• Brazil (By Material)
• Mexico (By Material)
• Argentina (By Material)
• Rest of Latin America (By Material)

- Middle East & Africa (By Material, By Product Type, By End Use, and By Country)

• Saudi Arabia (By Material)
• UAE (By Material)
• Oman (By Material)
• South Africa (By Material)
• Rest of the Middle East & Africa (By Material)


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