iCrowdNewswire   Jan 8, 2021  3:19 PM ET

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The global dunnage packaging market was valued at USD 2.8 billion in 2018 and is expected to exhibit a strong 5.1% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR).

The global dunnage packaging market is expected to be driven mainly by the growing packaging industry over the world. The major drivers and restraints affecting the global dunnage packaging market are profiled in detail in the report. The major trends in the global dunnage packaging market are also examined in the report. Major players operating in the global dunnage packaging market are also profiled in detail in the report. The impact of the COVID-19 pandemic on the global dunnage packaging market is also examined in detail in the report.

Dunnage packaging refers to packaging that minimizes the movement of the item being packaged during transportation. Dunnage packaging solutions include multiple sections, which can contain multiple parts and thus negate the need for separate packaging for each of the individual parts. The increasing demand for secure and convenient packaging has been the major driver for the global dunnage packaging market over the last few years. Growing innovation in packaging materials such as paper, cardboard, honeycomb, etc. is likely to be a major driver for the global dunnage packaging market over the forecast period. Due to the growing demand for sturdy packaging, packaging industry giants have made considerable investments in the development of high-grade packaging materials that protect the package and prevent damage from environmental factors such as heat and moisture as well as damage from physical events such as bumping and dropping. Increasing development of foam packaging is also likely to be a major driver for the global dunnage packaging market over the forecast period.

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The growing packaging industry is likely to be the major driver for the global dunnage packaging market over the forecast period. The growing ecommerce sector has massively improved the prospects of the packaging industry in recent years. As the number of consumers using online shopping channels has grown, this has led to a growing demand for effective packaging materials that can protect the packages from the various threats presented during transportation of the package. The increasing attention being paid to the environmental viability of packaging materials is also likely to be a major driver for the global dunnage packaging market, as this is likely to drive the demand for environment-friendly packaging materials such as paper and honeycomb.

Competitive Leaderboard:

  • MJSolpac Ltd.
  • Rehrig Pacific Company
  • Reusable Transport Packaging
  • Amatech Inc.
  • UFP Technologies
  • Nefab
  • Schoeller Allibert
  • Menasha Corporation
  • Myers Industries
  • DS Smith

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Segmentation:

The global dunnage packaging market is segmented on the basis of material type, end use industry, and region.

By material type, the global dunnage packaging market is segmented into corrugated plastics, molded plastics, aluminum, steel, fabric dunnage, corrugated paper, wood, foams, and others. The corrugated plastics segment dominates the global dunnage packaging market and is likely to retain a dominant

TABLE OF CONTENT

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

Continued…

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