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Dunnage Packaging Market worth $4.0 billion by 2024 - Exclusive Report by MarketsandMarkets™


(USGovernment-News.Com, November 16, 2021 ) The report "Dunnage Packaging Market by Material (Corrugated Plastic, Molded Plastic, Steel, Aluminum, Foam, Corrugated Paper, Wood, Fabric Dunnage), End-Use Industry, Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2024", is expected to grow from USD 3.0 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 5.0% during the forecast period. The market is witnessing significant growth because of the growing demand from various end-use industries such as automotive, and electronics. dunnage packaging has multiple features, durability, cost-benefit, and environmental friendly resulting in its increasing adoption.

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Automoitve was the largest end-use industry in 2019

Dunnage packaging is primarily employed to protect the cargo while in transit. The cost-effectiveness and eco-friendly characteristics of this technology have contributed to its intensive usage in automotive end-use industry. dunnage packaging offers excellent qualities that are strong enough to withstand external factors such as heat. Furthermore, its capability to keep cargo safe and producing less waste has resulted in the packaging of cargo, or component at an affordable rate.

Corrugated Plastic material type is the fastest-growing segment in the overall market.

Dunnage packaging is available in nine material types, namely, corrugated plastic, molded plastic, steel, aluminum, foam, corrugated paper, wood, fabric dunnage, and others (such as glass, rubber, and anti-static materials). Corrugated Plastic is expected to register the highest CAGR during the forecast period as it can be molded into various shapes and sizes. Due to its low cost, versatility, and easy availability, corrugated plastic packaging is used in a variety of applications. Properties such as durability, safety, hygiene, and low weight have made it popular among consumers.

Don't miss out on business opportunities in the Dunnage Packaging Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Dunnage Packaging Market”

172 - Market Data Tables

34 - Figures

180 - Pages 

Europe is expected to be the largest market for dunnage packaging during the forecast period.

Europe is one of the leading markets of the dunnage packaging industry. The growing demand from end-use industries such as automotive, aerospace, and electronics is driving the dunnage packaging market in the region. The region has a presence of major dunnage packaging companies who focus on the adoption of various business strategies to increase the production of dunnage packaging and meet the growing demand from end-users. For instance, Schoeller Allibert expanded its operations in Europe by opening a new production plant in Zabrze, Poland. The new plant manufactures a full product portfolio for customers in the CEE region, comprising brand new EuroClick, an ultra-versatile crate specifically developed for automotive market, in May 2016.

Some of the prominent players in the dunnage packaging market are 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). The strategies undertaken by these players include expansion, agreement, acquisition, divestment and investment.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com


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