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.
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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.
Segmentation:
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 share over the forecast period. Corrugated plastics are also known as composite dunnage. They offer the strongest protection against moisture, which is a key enemy for packages. Composite dunnage also protects the package from physical damage, due to its high mechanical strength and tensile strength.
By end use, the global dunnage packaging market is segmented into automotive, aerospace, electronics, food and beverages, consumer goods, and healthcare. The automotive industry holds the largest share in the global dunnage packaging market and is likely to retain its dominance over the forecast period.
Regional Analysis:
Asia Pacific holds the largest share in the global dunnage packaging market and is likely to retain its dominance over the forecast period through till 2025. The growing automotive industry in Asia Pacific and the growing demand for aftermarket automotive parts in the region is the major driver for the dunnage packaging market in the region.
Competitive Leaderboard:
Leading players in the global dunnage packaging market include MJSolpac Ltd., Rehrig Pacific Company, Reusable Transport Packaging, Amatech Inc., UFP Technologies, Nefab, Schoeller Allibert, Menasha Corporation, Myers Industries, and DS Smith.
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The food packaging market is projected to grow at a CAGR of 4% during the forecast period 2017-2023.
As per the food packaging market research report, the global market for food packaging is anticipated to grow rapidly.
The food packaging market research report by expert analysts is intended to help companies in the food packaging market.Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/2086Market SegmentationThe global food packaging market has been segmented based on material, type, and applications.
On the basis of material, the market for food packaging is segmented based on glass, paper & paperboard, plastic, metal.
The global market for food packaging is also covered based on applications segment which is further split into dairy, fruits & vegetables, meat, bakery & confectionery.Key influences such as high production cost could obstruct the food packaging market growth.
The food packaging market research report offers crucial details about the food packaging market based on the data and forecasts till 2023.Regional OverviewNorth America, Europe, Asia Pacific and the rest of the world regional market for food packaging are primarily covered in the global food packaging market research report.
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