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The dunnage packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Dunnage Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The dunnage packaging market size has grown strongly in recent years. It will grow from $3.56 billion in 2023 to $3.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growth in global trade and logistics, increased emphasis on product protection during shipping, adoption of lean manufacturing practices, expansion of the automotive industry, advances in packaging materials and design.
The dunnage packaging market size is expected to see strong growth in the next few years. It will grow to $5.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to rise in e-commerce and online retail, growing demand for sustainable packaging solutions, development of innovative and lightweight packaging materials, increased focus on supply chain optimization, expansion of the pharmaceutical and healthcare industry. Major trends in the forecast period include customization and personalization of dunnage packaging solutions, integration of automation in dunnage packaging processes, adoption of recyclable and biodegradable dunnage materials, emphasis on cost-effective and space-efficient packaging designs, collaboration between packaging providers and manufacturers for tailored solutions.
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Scope Of Dunnage Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dunnage Packaging Market Overview
Market Drivers –
The rise in the logistics sector is significantly contributing to the growth of dunnage packaging. Logistics is the transportation of goods from one place to another in a protected manner. Dunnage packaging is commonly used in logistics due to its various advantages, such as shock-absorbing properties, cushioning and padding of commodities packed, moisture protection, easy handling of heavy items, air circulation, and others that protect sensitive items from filling void spaces and making goods intact in transit. For instance, in 2023, according to the Council of Supply Chain Management Professionals, a US-based council, U.S. business logistics costs exceeded $2.316 trillion in 2022, which equated to 9.1% of the U.S.’s nominal gross domestic product. Additionally, e-commerce grew by 8% to $1.03 trillion, which represents 14.5% of the entire U.S. retail market. E-commerce provides the logistics of commodities or products picked up in stores. Therefore, the rise in the logistics sector is driving the growth of the dunnage packaging market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The dunnage packaging market covered in this report is segmented –
1) By Product: Dunnage Air Bags, Inserts, Dividers, Packaging Peanuts, Other Product Types
2) By Material: Corrugated Plastic, Molded Plastic, Foam, Steel, Aluminum, Wood, Fabric Dunnage, Corrugated Paper, Other Materials
3) By End-User Industry: Automotive, Aerospace, Electronics, Food and Beverages, Consumer Durables, Healthcare, Other End-Use Industries
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Regional Insights –
North America was the largest region in the dunnage packaging market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dunnage packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the dunnage packaging market report are ORBIS Corporation, Menasha Corporation, Schoeller Allibert AB, Myers Industries Inc., Nefab Group, UFP Technologies Inc., Reusable Transport Packaging, Amatech Inc., MJSolpac Ltd., Rehrig Pacific Company, Ckdpack, GWP Group Ltd., Interior Packaging Design LLC, Packaging Corporation of America, Dunnage Engineering, Salco Engineering & Manufacturing Inc., Keener Corporation, Package Design & Mfg, JIDA Industrial Solutions, Artisanz Fabrication and Machine LLC, Dordan Manufacturing Company, PolyFlex Products Inc., Thermoflex LLC, Brown Machine LLC, Sohner Plastics LLC, Sonoco Products Company, Great River Plastics LLC, Electro-General Plastics Cor and Rohrer Corporation, TriEnda LLC, Pregis Corporation, Sealed Air Corporation, Automated Packaging Systems Inc., Storopack Hans Reichenecker GmbH, Signode India Limited
1. Executive Summary
2. Dunnage Packaging Market Report Structure
3. Dunnage Packaging Market Trends And Strategies
4. Dunnage Packaging Market – Macro Economic Scenario
5. Dunnage Packaging Market Size And Growth
…..
27. Dunnage Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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