Global Dunnage Packaging Market Overview 2024, Forecast To 2033
19 Feb, 2024
The dunnage packaging market has grown strongly, rising from $3.56 billion in 2023 to $3.84 billion in 2024 at a CAGR of 7.9%. The forecast anticipates strong growth, reaching $5.24 billion in 2028 with a CAGR of 8.1%. Growth drivers include global trade and logistics, product protection emphasis, lean manufacturing practices adoption, and advances in packaging materials and design. Key trends encompass customization and personalization of dunnage packaging solutions, automation in dunnage packaging processes, adoption of recyclable and biodegradable materials, cost-effective and space-efficient packaging designs, and collaboration between packaging providers and manufacturers.
Global Dunnage Packaging Market Key Driver
The rise in the logistics sector is significantly contributing to the growth of dunnage packaging. The logistics sector's growth, with U.S. business logistics costs exceeding $2.316 trillion in 2022, emphasizes the importance of efficient packaging solutions like dunnage. The rise in the logistics sector is driving the demand for dunnage packaging.
Get A Free Sample Of The Global Dunnage Packaging Market ReportGlobal Dunnage Packaging Market Segments
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
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
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
Major Dunnage Packaging Industry Players
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
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Dunnage Packaging Market Overview
Dunnage packaging refers to the packaging of commodities such as food and beverages, healthcare, consumer durables, and others with corrugated plastics, fabric, molded plastic, wood, foam, and other materials that prevent damage to goods in the container or in carrying vehicles during transportation. It helps to keep goods in a particular place during the process of logistics.
Dunnage Packaging Global Market Report 2023 provides data on the global dunnage packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dunnage packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.