Dunnage Packaging Market: An Overview
Dunnage packaging is the protective packaging used in transportation and logistics operations to avoid damage that might affect the quality during the handling of the product. Dunnage is also referring to as low priority cargo. As many consumables on a daily basis transported from one place to another regularly, it is expected that the Dunnage Packaging market to grow substantially during the forecast period. Apart from protection from damage, Dunnage Packaging offers many other advantages such as it allows new design & innovations flexibility, cost-effectiveness, provides proper cushioning, environment friendly and resistive to external heat & abrasive conditions. Thus, the Dunnage Packaging becomes very efficient in end use industries such as food & beverage, automotive, construction and electronics. The rise in e-commerce and retail business is also the reason which boosts the Dunnage Packaging market in the future.
There are many types of material available for the Dunnage Packaging markets such as paper, plastic, fiber, wood, and metals out of which paper usage is expected to increase during the forecast period since it solves the sustainability issues due to its recyclability and reusability properties. Due to all the aforementioned reasons, the Dunnage Packaging market is expected to flourish during the forecast duration.
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Dunnage Packaging Market: Dynamics
The factors which drive the Dunnage Packaging market are urbanization, rise in food & beverage sector, precision, product safety, efficiency during transportation & handling of the product, strength, flexibility and low waste generation.
The factors which restrain the Dunnage Packaging market are high cost investment which affects the small scale or new manufacturers to survive in the market, varying environmental conditions across the region and compatibility of packaging in such region and government’s laws & regulations.
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Dunnage Packaging Market: Segmentation
The Dunnage Packaging market is segmented on the basis of the type of material and end use industry.
The Dunnage Packaging market is segmented on the basis of the type of material as
- Corrugated plastic
- Molded plastic
- Corrugated paper
- Others (Glass and Rubber)
The Dunnage Packaging market is segmented on the basis of end use industry as
- Food and Beverage
- Consumer goods
- Others (Construction, Oil & Lubricants and Chemicals)
Dunnage Packaging Market: Regional Outlook
On a global scale, North America is the largest share contributor in the Dunnage Packaging market and is expected to remain dominating during the forecast period due to new innovations in packaging and abundant investment in research & development. Europe is the second largest share contributor in the Dunnage Packaging market due to extensive industrialization, a rise in automotive and aerospace buisness and expected to possess a positive growth during the forecast period.
Asia-Pacific region is anticipated to have the fastest growth in the Dunnage Packaging market during the forecast period due to the increase in the number of consumers, the rise in e-commerce and retail business. Latin America, Middle East & Africa and Oceania are the regions that are expected to have moderate growth in the Dunnage Packaging market during the forecast period due to urbanization and an increase in Healthcare facilities.
Dunnage Packaging Market: Key Players
Some of the key players in Dunnage Packaging market are DS Smith, Menasha Corporation, Schoeller Allibert, Myers Industries, Nefab Group, UFP Technologies, Reusable Transport Packaging, Amatech Inc., MJSolpac Ltd., Rehrig Pacific Company, Packaging Corporation of America, Interior Packaging Design, LLC, Gwp Group, Dunnage Engineering, Ckdpack Packaging Inc., Artisanz Fabrication and Machine, LLC, Jida Industrial Solutions, Keener Corporation, Package Design & Manufacturing, and Salco Engineering & Mfg, Dordan Manufacturing Company, PolyFlex Products Inc., Thermoflex, LLC, Brown Machine, LLC, Sohner Plastics LLC, Sonoco Products Company, Great River Plastics, LLC, Electro-General Plastics Cor and Rohrer Corporation.
Dunnage Packaging Market: Impact of COVID-19
The dunnage Packaging market is expected to undergo a severe loss due to the COVID-19 pandemic outbreak throughout the world. The pandemic made a great loss to the developed as well as developing countries in the world and during the course of the pandemic, only essential goods are allowed to be produced and market by many countries, it is expected that the Dunnage Packaging market growth will slow down during the course of this pandemic and grow gradually during the forecast period once all the market becomes functional.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.