Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.52 Billion | USD 7.78 Billion | 5.2% | 2024 |
The global dunnage packaging market size was worth around USD 4.52 Billion in 2024 and is predicted to grow to around USD 7.78 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.2% between 2025 and 2034.
The report analyzes the global dunnage packaging market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the dunnage packaging industry.
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. Moreover, it includes bubble wrapping as well as packing of peanuts along with packaging of solid plastics offering cushion to products. Reportedly, dunnage packaging prevents packages from falling out from trucks, trains, or ships. Furthermore, it protects valuable & fragile items from damage due to extreme climatic conditions or changing environments.
Flourishing the e-commerce sector to scale up the expansion of the global market by 2030
Thriving e-commerce and digital shopping activities have translated into a surge in the demand for proficient packaging services. Moreover, dunnage packaging offers excellent protection to durable as well as perishable products during transit, thereby steering the global dunnage packaging market growth. An increase in the need for biodegradable and sustainable packaging will enlarge the scope of the demand for dunnage packaging in the coming years. The flourishing trade & logistics sector is likely to scale up the growth of the market globally. Apart from this, a prominent surge in the demand for renewable packaging in consumer durables, food & beverages, and automotive sectors will proliferate the expansion of the global market in the years ahead.
Additionally, the need for sustainable packaging will embellish the global market size in the upcoming years. According to the Association for Packaging and Processing Technologies, flexible packaging contributes about 19% of the global packaging market revenue and will grow at about 3.9% of CAGR by 2023. Moreover, a slew of giant firms have introduced new kinds of 100% renewable packaging and this will spur the size of the global market. For instance, in June 2020, Essential, a branding apparel firm, introduced new sustainable packaging in the form of poly bags, a product manufactured from eco-friendly material.
According to NCBI, plastic production has risen from nearly 2.5 million tons in 1950 to approximately 451 million tons by 2015 and this will double by the end of 2050. As they are non-recyclable, they can be infected with bacteria, thereby proving hazardous for humans as well as for the environment. Hence, there is a surging awareness among the packaging firms about protecting the environment. Reportedly, they are trying to produce renewable packaging by using bio-based polymers as raw materials. This, in turn, can transform into a humungous demand for dunnage packaging.
Demand for high funding for the initial setting up of the packaging units can hinder the global industry surge over 2023-2030
The need for huge capital investments can prevent small-scale packaging firms from using dunnage packaging, thereby creating a huge impediment in the growth path of the global dunnage packaging industry. Apart from this, the packaging is not compatible with fluctuations in the environment in a few of the regions, thereby further curtailing the product demand across a slew of end-use sectors.
Escalating use of recyclable packaging in a slew of end-use sectors to generate new avenues of expansion for the global market
Dunnage packaging tools are lightweight & stackable and help reduce space wastage and reducing transport costs. These features will help the global dunnage packaging market explore a spectrum of opportunities in the coming eight years. Moreover, the rise in the demand for recyclable packaging products across various end-use sectors has encouraged the players in the flexible packaging sector to manufacture packaging from renewable materials at reasonable costs, thereby steering the demand for dunnage packaging across various industries globally. New product launches are predicted to bring a paradigm shift in the global packaging sector with the dunnage packaging sector no exception to this. For instance, on 27th November 2023, The Kraft Heinz Company, a U.S.-based food firm, launched the first completely recyclable ketchup cap made up of polypropylene. The initiative will boost the expansion of the market globally.
Stringent government legislation over product usage can slow down the global industry expansion by 2030
Strict laws governing the use of dunnage packaging in various end-use sectors can pose a huge challenge for the global dunnage packaging industry expansion in the upcoming years. Furthermore, lack of raw material supply and disruptions in the supply chain activities can prove to be detrimental to the growth of the industry across the globe.
The global dunnage packaging market is sectored into application, raw material, and region.
In raw material terms, the dunnage packaging market across the globe is segregated into corrugated plastic, aluminum, corrugated paper, molded plastic, fabric dunnage, wood, steel, foams, and others segments. Moreover, the corrugated plastic segment, which acquired nearly two-fifths of the global market revenue in 2022, is predicted to register the fastest CAGR over the forecast timeline. The growth of the segment during 2023-2030 can be a result of low weight and lesser costs of the raw material. Apparently, corrugated plastic offers flexibility in designing customized packaging solutions fitting containers of various sizes. Beneficial features such as the high density of components per vessel and moisture resistance can augment the segmental surge in the coming years.
Based on the End-User Industry, the global dunnage packaging industry is sectored into electronics, automotive, consumer durables, aerospace, food & beverages, healthcare, and others segments. Apart from this, the automotive segment, which acquired a key share of the global industry earnings in 2022, is anticipated to lead the application landscape in the upcoming years. The segmental surge over the forecast timeline can be subject to escalating demand for protecting small mechanical components, engines, and interiors of vehicles.
Report Attributes | Report Details |
---|---|
Report Name | Dunnage Packaging Market |
Market Size in 2024 | USD 4.52 Billion |
Market Forecast in 2034 | USD 7.78 Billion |
Growth Rate | CAGR of 5.2% |
Number of Pages | 223 |
Key Companies Covered | DS Smith (UK), Menasha Corporation (US), Schoeller Allibert (Netherlands), Myers Industries (US), Nefab (Sweden), UFP Technologies (US), Reusable Transport Packaging (Florida), Amatech Inc. (US), MJSolpac Ltd. (UK), Rehrig Pacific Company (US), and others. |
Segments Covered | By Material, By End-User Industry, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific dunnage packaging market earnings are predicted to scale up over the coming years
Asia-Pacific, which contributed about 44% of the global dunnage packaging market share, is predicted to record massive growth in the next couple of years. The regional market surge over 2023-2030 can be credited to escalating demand for renewable packaging from various end-use sectors in countries such as India and China. The growing need for safe packaging of durable and perishable consumer products will steer the regional market demand. A large-scale application of sustainable packaging in a slew of end-use sectors such as healthcare, food & beverages, and fast-moving consumer goods sectors will proliferate the growth of the market in the region. A rise in the demand for single-use packaging, surging industrialization, and customer awareness about green packaging products will spearhead the expansion of the market in APAC.
The North American dunnage packaging industry is set to record the fastest CAGR in the coming eight years. The regional industry expansion over 2023-2030 can be credited 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 report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the dunnage packaging market on a global and regional basis.
The global dunnage packaging market is dominated by players like:
By Material
By End-User Industry
By Region
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