Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5 Billion | USD 8 Billion | 6.3% | 2022 |
FrequentlyAsked Questions
Dunnage packaging is a kind of protective packaging that is utilized to prevent damage caused to goods during transportation and logistical activities. In addition to this, dunnage packaging, a durable padding material, is utilized for protecting goods during shipping.
The global dunnage packaging market growth over the forecast period can be owing to a prominent surge in the demand for renewable packaging in consumer durables, food & beverages, and automotive sectors.
According to a study, the global dunnage packaging industry size was $5 billion in 2022 and is projected to reach $8 billion by the end of 2030.
The global dunnage packaging market is anticipated to record a CAGR of nearly 6.3% from 2023 to 2030.
The North American dunnage packaging industry is set to register the fastest CAGR over the forecasting timeline owing to escalating demand for corrugated plastics from end-use industries such as automotive, aerospace, and electronics sectors will steer the industry growth in the sub-continent. Apart from this, an increase in load load-stabilizing capacity of the product will spearhead the industry surge in the region. Moreover, the presence of key players in the region will spur the expansion of the market in the region.
The global dunnage packaging market is led by players such as ORBIS Corporation (Menasha Corporation), UFP Technologies, Inc., Amatech Inc., Reusable Transport Packaging, MJSolpac Ltd, Salco Engineering and Manufacturing Co., Inc., Schoeller Allibert, Interior Packaging Design, LLC, KEENER Corporation, Ckdpack, Dunnage Engineering, Packaging Corporation of America, JIDA Industrial Solutions, Artisanz Fabrication and Machine, LLC, Package Design & Mfg, NEFAB GROUP, GWP Group, and Corplex (DS Smith).
The global dunnage packaging market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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