Global Fabric Dunnage Packaging Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 881.50 Billion |
 Market Size (Forecast Year) |
USD 1,572.14 Billion |
 CAGR |
% |
| Major Markets Players |
Global Fabric Dunnage Packaging Market, By Functions (Damage Protection, Moisture Protection, Shock Absorption), End-Use Industry (Automotive, Aerospace, Electronics, Food and Beverage, Consumer Durables, Healthcare, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, the global market for fabric dunnage packaging has experienced moderate growth. As various commodities are frequently transported from one location to another daily, it leads to the growing preference for secure and convenient fabric dunnage packaging solutions among end-users, resulting in significant growth of the fabric dunnage packaging industry over the forecast period.
Global fabric dunnage packaging market was valued at USD 881.50 billion in 2021 and is expected to reach USD 1572.14 billion by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Market Definition
Fabric dunnage packaging refers to the packaging solutions that protect goods being transported and unloaded from damage. Fabric dunnage packaging solutions have multiple sections that can hold multiple parts at once, eliminating the need for individual packaging. Fabric dunnage packaging has many advantages in addition to damage prevention, including flexibility, cost efficiency, innovative design and development, appropriate coating, environmental friendliness, and resistance to external warm and abrasive conditions.
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Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Forecast Period |
2022 – 2029 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
USD 5.15 billion by 2029, registering a CAGR of 5.60% |
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Segments Covered |
By Functions (Damage Protection, Moisture Protection, Shock Absorption), End-Use Industry (Automotive, Aerospace, Electronics, Food and Beverage, Consumer Durables, Healthcare, Others) |
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Countries Covered |
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa |
|
Market Players Covered |
Ckdpack (India), GWP Correx (UK), Interior Packaging Design, LLC. (U.S.), Packaging Corporation of America (U.S.), Myers Industries (U.S.), Nefab (Sweden), UFP Technologies (U.S.), Dunnage Engineering (U.S.), Salco Engineering & Mfg. (U.S.), Signode Industrial Group LLC. (U.S), KEENER Corporation (U.S.), DS Smith (UK), Menasha Corporation (U.S.), Schoeller Allibert (Netherlands), Reusable Transport Packaging (Florida), Amatech Inc. (U.S.), MJSolpac Ltd. (UK) and Rehrig Pacific Company (U.S.) |
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Market Opportunities |
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Fabric Dunnage Packaging Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Awareness Regarding its Benefits
The fabric dunnage packaging offers various benefits as it allows new design and innovations flexibility, cost-effectiveness, provides proper cushioning, and is an eco-friendly packaging solution that is projected to accelerate the market's growth. Moreover, it helps create lightweight packaging for components while maintaining structural integrity and minimizing handling and transportation costs, which further increases the overall growth of the market.
- Growing End-Use Industries
The growth and expansion of various end user verticals such as automotive, metal working, oil and gas, power generation, machine industry, chemicals and other manufacturing is directly proportional to the increasing demand for materials and packaging solutions. Additionally, growing applications from end-use industries resulting in high demand will bolster the growth of the market.
- Rising Economic Growth
Surging urbanization and globalization across the globe will drive market value growth. Additionally, rise in e-commerce and retail business will further expand the future growth of the fabric dunnage packaging market.
Opportunities
- Rising Research and Development Activities and other Advancements
Furthermore growing number of research and development activities further generate various growth opportunities for the market. Surging technological advancements in the packaging equipment and technology to accommodate a diversified range of products and increased e-commerce industry's proliferation also provide lucrative opportunities to the market players in the forecast period of 2022 to 2029.
Restraints/Challenges
- High Initial Investments
The increasing need for high initial investments that affects small-scale packaging businesses or new manufacturers to survive in the long term will create hindrances for the growth of the fabric dunnage packaging market.
- Concerns Regarding Regional Restrictions
The varying environmental conditions across the region and compatibility of packaging in such region which challenge the fabric dunnage packaging market. Also, low awareness in underdeveloped regions and growing competition will act as growth restraints for the market.
This fabric dunnage packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fabric dunnage packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fabric Dunnage Packaging Market
The emergence of COVID-19 greatly impacted the various sectors across the globe. The materials and packaging sector was also grievously hit by the pandemic. Various lockdown and social distancing restrictions in travel and movement of goods for curbing the virus spread has disrupted the supply and distribution chain which critically affected the fabric dunnage packaging market. Due to limited labour availability, disrupted raw material supply, and logistic issues, the production process for dunnage has become a challenge for businesses. The implementation of lockdown resulted in a fluctuation in the price of raw materials, resulting in downfall in demand for dunnage and fabric dunnage packaging. As a result, the materials and packaging industry had to bear financial losses, therefore negatively impacting the fabric dunnage packaging market.
On the brighter side, the manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase.
Recent Development
- In February 2020, Nefab AB and Szkaliczki & Partners Holding Ltd. have signed a deal in which Nefab AB will buy all of Szkaliczki & Partners Plastic Processing Ltd's shares in Hungary. Nefab's global offering of engineered multi-material packaging solutions and logistics services now includes Szkaliczki's leading technology and strong engineering capabilities for thermoformed trays. Nefab will be even better positioned to serve customers worldwide in return flows, with engineered solutions that are optimized to lower customers' environmental impact and reduce costs throughout their supply chains, thanks to the addition of Szkaliczki's capabilities.
- In May 2021, ORBIS Corporation Expands Dunnage Offerings with New Fabric for Delicate Automotive Protection Offerings with New Fabric for Optimal Protection of Delicate Automotive is suitable for soft divider sets, hanging bags for lightweight parts, and extra-delicate Class-A components, chrome, and painted parts.
Global Fabric Dunnage Packaging Market Scope
The fabric dunnage packaging market is segmented on the basis of functions and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Functions
- Damage Protection
- Moisture Protection
- Shock Absorption
End-Use Industry
- Automotive
- Aerospace
- Electronics
- Food and Beverage
- Consumer Durables
- Healthcare
- Others
Fabric Dunnage Packaging Market Regional Analysis/Insights
The fabric dunnage packaging market is analyzed and market size insights and trends are provided by country, functions and end-use industry as referenced above.
The countries covered in the fabric dunnage packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the fabric dunnage packaging market because of the presence of a large number of manufacturers and high demand for fabric dunnage packaging in the automotive, electronics, and aerospace end-use industries is anticipated to thrust the requirement for dunnages in the province.
On the other hand, North America is estimated to register a significant growth during the forecast period of 2022 to 2029 owing to the increased expenditure in research and development.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fabric Dunnage Packaging Market Share Analysis
The fabric dunnage packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fabric dunnage packaging market.
Some of the major players operating in the fabric dunnage packaging market are
- Ckdpack (India)
- GWP Correx (UK)
- Interior Packaging Design, LLC. (U.S.)
- Packaging Corporation of America (U.S.)
- Myers Industries (U.S.)
- Nefab (Sweden)
- UFP Technologies (U.S.)
- Dunnage Engineering (U.S.)
- Salco Engineering & Mfg. (U.S.)
- Signode Industrial Group LLC. (U.S)
- KEENER Corporation (U.S.)
- DS Smith (UK)
- Menasha Corporation (U.S.)
- Schoeller Allibert (Netherlands)
- Reusable Transport Packaging (Florida)
- Amatech Inc. (U.S.)
- MJSolpac Ltd. (UK)
- Rehrig Pacific Company (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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