Dunnage Packaging Market Trends and Forecast
The future of the global dunnage packaging market looks promising with opportunities in the automotive, aerospace, electronic, food & beverage, consumer durable, and healthcare markets. The global dunnage packaging market is expected to reach an estimated $4.0 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are expansion of global supply chains and international trade, growing demand for reliable and effective dunnage packaging solutions, and rising focus on sustainability and environmental responsibility.
• Lucintel forecasts that corrugated plastic is expected to witness the highest growth over the forecast period.
• Within this market, automotive is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Major packaging companies like Sealed Air announced plans to invest in sustainable dunnage solutions to meet government targets for reducing plastic waste.
China: Government initiatives promoting eco-friendly packaging have spurred local companies like Lushuihe to develop innovative biodegradable dunnage materials.
Germany: Leading packaging firm, DS Smith, unveiled targets to achieve carbon-neutral operations by 2030, driving research into recyclable and reusable dunnage products.
India: With increasing e-commerce activity, Indian packaging players such as UFlex are focusing on lightweight and cost-effective dunnage solutions to meet growing demand while adhering to sustainability goals set by the government.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dunnage Packaging by Segment
The study includes a forecast for the global dunnage packaging by type, application, and region.
Dunnage Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Corrugated Plastic
• Molded Plastic
• Foam
• Steel
• Aluminum
• Wood
• Fabric Dunnage
• Corrugated Paper
• Others
Dunnage Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Aerospace
• Electronics
• Food & Beverages
• Consumer Durables
• Healthcare
• Others
Dunnage Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dunnage Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dunnage packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dunnage packaging companies profiled in this report include-
• Menasha
• Schoeller Allibert
• Myers Industries
• Nefab
• UFP Technologies
• Reusable Transport
• DS Smith
Recent Development in the Dunnage Packaging Market
Sealed Air Corporation: Sealed Air introduced innovative Dunnage Air Bags made from recycled materials, aligning with sustainability goals while ensuring efficient cargo protection during transit.
Cordstrap: Cordstrap launched a series of lightweight and high-strength dunnage solutions, enhancing their product portfolio to cater to the evolving needs of the global packaging industry.
CHEP: CHEP collaborated with leading manufacturers to develop reusable and customizable dunnage solutions, promoting a circular economy model and reducing environmental footprint across supply chains.
Signode Industrial Group: Signode Industrial Group introduced advanced Dunnage Packaging Systems equipped with IoT technology, enabling real-time monitoring of cargo conditions and enhancing supply chain visibility and security.
DS Smith: DS Smith expanded its dunnage packaging offerings with the introduction of sustainable paper-based solutions, providing cost-effective and eco-friendly alternatives to traditional packaging materials.
Features of the Global Dunnage Packaging Market
Market Size Estimates: Dunnage packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dunnage packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Dunnage packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the dunnage packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dunnage packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the dunnage packaging market size?
Answer: The global dunnage packaging market is expected to reach an estimated $4.0 billion by 2030.
Q2. What is the growth forecast for dunnage packaging market?
Answer: The global dunnage packaging market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the dunnage packaging market?
Answer: The major drivers for this market are expansion of global supply chains and international trade, growing demand for reliable and effective dunnage packaging solutions, and rising focus on sustainability and environmental responsibility.
Q4. What are the major segments for dunnage packaging market?
Answer: The future of the global dunnage packaging market looks promising with opportunities in the automotive, aerospace, electronic, food & beverage, consumer durable, and healthcare markets.
Q5. Who are the key dunnage packaging market companies?
Answer: Some of the key dunnage packaging companies are as follows:
• Menasha
• Schoeller Allibert
• Myers Industries
• Nefab
• UFP Technologies
• Reusable Transport
• DS Smith
Q6. Which dunnage packaging market segment will be the largest in future?
Answer: Lucintel forecasts that corrugated plastic is expected to witness the highest growth over the forecast period.
Q7. In dunnage packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the dunnage packaging market by type (corrugated plastic, molded plastic, foam, steel, aluminum, wood, fabric dunnage, corrugated paper, and others), application (automotive, aerospace, electronics, food & beverages, consumer durables, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Dunnage Packaging Market Market, Dunnage Packaging Market Market Size, Dunnage Packaging Market Market Growth, Dunnage Packaging Market Market Analysis, Dunnage Packaging Market Market Report, Dunnage Packaging Market Market Share, Dunnage Packaging Market Market Trends, Dunnage Packaging Market Market Forecast, Dunnage Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.