Dunnage Packaging Market to reach USD 4.43 billion by 2027. Dunnage Packaging Market is valued approximately USD 3.15 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.00 % over the forecast period 2021-2027.
Dunnage Packaging Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Dunnage Packaging Market by region.
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Dunnage Packaging is the packaging material used to prevent any damage to the goods in the container or carrying a vehicle or ships hold. It helps keep the containers/cargo in place during transportation. Generally wooden blocks, boards, burlaps, bubble wrap, plastic bracing, planks, and paper are used for packaging. So, dunnage packaging helps secure and support packages throughout the shipping and handling process. Growing demand for green packaging solutions on account of cost-effectiveness is driving the growth for the market. The government regulations in most of the countries also had impact over companies to switch to green packaging
Furthermore, dunnage packaging also reduces the risk to damage during transportation. For instance, if you shipped a glass vase, you would probably use bubble wrap to fill in gaps in the box so the case wouldn’t shift around. Alternatively, if you shipped a pillow, you don’t need any dunnage given the risk of damage is lower. According to Reusable Packaging Association, around 50% of shoppers are using dunnage packaging. However, the market is highly competitive which will impede the growth of the market over the forecast period of 2021-2027. Also, with the increase in number of research and development activities and development activities along with increasing growth of emerging economies the growth of dunnage packaging market is likely to increase the market growth during the forecast period.
The regional analysis of global Dunnage Packaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to presence of a large number of manufacturers in the region. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027.
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Factors such as the increasing number of research and development activities for producing innovation in packaging material along with strict government regulations by the government would create lucrative growth prospects for the Dunnage Packaging market across Asia-Pacific region.
Major market player included in this report are: DS Smith Menasha Corporation Schoeller Allibert Myers Industries Nefab UFP Technologies Reusable Transport Packaging Amatech Inc. MJSolpac Ltd. Rehrig Pacific Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below: By Raw Material: Corrugated Plastic Molded Plastic Foam Steel Aluminium Wood Fabric Dunnage Corrugated Paper Others (Glass, Rubber, and Anti-Static) By End Users: Automotive Aerospace Electronics Food & Beverages Consumer Durables Healthcare Others (Construction, Oil & Lubricants, and Chemicals) By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019 Base year – 2020 Forecast period – 2021 to 2027
Target Audience of the Global Dunnage Packaging Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers
What is the aim of the report?
Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered. An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report. The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa. The various parameters accelerating the growth of Market are incorporated in the research report. The report analyses growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region. The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption. The growth rate of the market in every region, including their countries over the forecast period is included in the market report. Based on what factors are the key market players assessed in this report? The report offers detailed analysis of leading companies in the market across the globe. It provides details of the major vendors involved in the Market including Key Players A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report. The facts and figures about market competitors along with standpoints of leading market players are presented in the report. The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report. The report offers the present scenario and future growth prospects Market in various geographical regions. The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered. The SWOT analysis is conducted along with Porter’s Five Force analysis. The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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