The Dunnage Packaging Market is expected to be worth USD 4,183.30 million by the end of 2030, with a CAGR of 5.80% during the forecast period (2022 – 2030).
The Global Dunnage Packaging Market is expanding rapidly and is expected to grow significantly shortly. Packaging demand from the e-commerce and logistics industries is steadily increasing and is regarded as the primary driver of the Global Dunnage Packaging Market’s expansion. As opposed to expendable packaging, Dunnage packaging provides sustainable and green packaging solutions and is expected to drive market growth in the coming years. The growing use of sustainable packaging in the consumer durables, automotive, and food and beverage industries is expected to boost demand in the coming years. The global Dunnage Packaging Market will have many upcoming opportunities as the e-commerce industry grows rapidly, which will also grow the global Dunnage Packaging Market. The logistics sector is also growing, which will provide a lot of business to the packaging industry, increasing the packaging industry’s global market share.
Dunnage is another term for low-priority cargo. As many consumables are transported daily from one location to another, the Dunnage Packaging market is expected to grow significantly during the forecast period. Numerous materials are available for the Dunnage Packaging markets, including paper, plastic, fiber, wood, and metals. Paper usage is expected to increase during the forecast period due to its recyclability and reusability properties. The Dunnage Packaging market is expected to thrive during the forecast period for all the reasons stated above.
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The Global Dunnage Packaging Market is segmented based on Application and Raw Material.
According to the application:
According to the raw material:
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The Global Dunnage Packaging Market is divided into four regions based on regional analysis: Asia-Pacific, Europe, North America, and the Rest of the World.
North America had the most regional presence, and the market is expected to have a significant presence in the same region during the forecast period. This is because significant players such as NEFAB GROUP and Reusable Transport Packaging will boost market growth by incorporating technological advancements into the product portfolio. Increased enterprise R&D expenditures would boost the regional market growth.
The Asia-Pacific region is expected to have the fastest growth in the Dunnage Packaging market due to the growth in retail and e-commerce during the forecast period.
Latin America, Africa, the Middle East, and Oceania are expected to have moderate growth in the Dunnage Packaging market due to urbanization and an increase in healthcare facilities during the forecast period.
Key Industry Participants
The Key Industry Participants of the global market for dunnage packaging are DS Smith (UK), Myers Industries (US), Menasha Corporation (US), Schoeller Allibert (Netherlands), Nefab (Sweden), UFP Technologies (US), Amatech Inc. (US), Reusable Transport Packaging (Florida), Rehrig Pacific Company (US), MJSolpac Ltd. (UK).
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