According to Stratistics MRC, the “Global Dunnage Packaging” Market is accounted for $2.83 billion in 2018 and is expected to reach $5.20 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Increasing urban population and rising demand for dunnage packaging from end-user industries are the major factors driving the market growth. However, the difficulty faced by small manufacturers and new entrants while investing in highly advanced equipment is restraining market growth.
Request for sample here: “Global Dunnage Packaging”
Dunnage packaging provides damage control to the products which are transported and unloaded. This packaging solutions offer numerous sections, which holds several portions while preventing singular packaging for each part. This packaging is extremely favorable and helpful in many industries.
Driver: Rising demand for dunnage packaging from various end use industries is driving the growth of the global dunnage packaging market.
Strong demand for dunnage packaging from enduser industries is likely to increase the demand in the long run. Dunnage packaging of materials is an essential solution that is tendingto major enduser industries for advanced and secure packaging. Also, dunnage packaging is a very significant development towards maintainable and efficient packaging. Further, global automotive industry is booming on the account of urbanization and increasing disposable income.
Opportunity: Rapid technological advancements, as well as improved production capacity, are offering plenty of opportunities for dunnage packaging market.
As the automobile sector is growing so heavily, manufacturers are focusing on this industry. Market players are investing in the manufacturing & warehousing field because of high demand for logistics and packaging, because of rapid developments among worldwide. Moreover, market players are setting their stakes in the medical field, due to high utilization of delicate components which need safe storage and transportation.
Request for customization here: “Global Dunnage Packaging”
By material, the corrugated plastic segment is anticipated to hold considerable market share during the forecast period as it is used in a many applications because of its low cost, adaptability, and simple accessibility and also it can be molded into different shapes and sizes.
By geography, Europe region is anticipated to hold considerable market share during the forecast period owing to high demand of this packaging solutions from many industries and presence of major companies who focus on the adoption of business strategies to improve the production of dunnage packaging and meet the demands from industries.
Some of the key players profiled in the Dunnage Packaging Market include UFP Technologies, SchoellerAllibert, Reusable Transport Packaging, Rehrig Pacific Company, Packaging Corporation of America, Nefab Group, Myers Industries, Mjsolpac Ltd., Menasha Corporation, Interior Packaging Design, LLC, Gwp Group, Dunnage Engineering, DS Smith, Ckdpack Packaging Inc., Amatech Inc., Artisanz Fabrication and Machine, LLC, Jida Industrial Solutions, Keener Corporation, Package Design & Manufacturing, and Salco Engineering & Mfg.
Menasha Corporation: In May 2019, Menasha corporation expanded health care/self-care center of retail excellence at walgreens. The new Health Care/Self Care “Center of Retail Excellence” will combine dedicated Walgreens-experienced project managers and new category data analysts with the Chicago-based Menasha/Walgreens design team.
For more information fill in the Inquiry form at: “Global Dunnage Packaging”
Nefab Group: In Aug 2017, Nefab Group signed an agreement with Speed Group to combine packaging and logistic expertise to the benefit of customers in Sweden and abroadthat will enable customers to have the right product at the right place and the right time. Together, Nefab and Speed Group, will be able to offer their customer improved logistic flows and complete packaging solutions that will have positive impact on their customer’s total costs and environmental impact.
About Stratistics MRC:
StratisticsMRC Pvt Ltd. is a market research firm serving the fortune 500 companies across the world with market intelligence. We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
We have a core research team with research analysts across the industry verticals to serve our varied customers such as technology suppliers, manufacturers, distributors, end-users, consulting companies, investment firms and research institutes. We ensure that our research reports, white papers, policy briefs provide result-oriented findings and recommendations. Our research reports help you to make better decisions in building the organization present in a global scenario. Our consultancy services offer you with the highly qualified professional research team to match your research needs. We are in the process of addressing the challenges of our clients and able to deliver the quality outputs to meet their business objectives and goals in a potential way. We invest more in building our teams and enhance our client relationships across the geographies where we work.
James Lamb
United States Direct:+1-301-202-5929
Email: sales@strategymrc.com
Corporate Sales Specialist
