Product ID: UCMIG15H2013
Dunnage Packaging Market Size, Share, Growth Analysis, By Raw Material(Corrugated Plastic, Moulded Plastic), By Application(Automotive, Aerospace) - Industry Forecast 2024-2031
Report ID:
UCMIG15H2013 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Dunnage Packaging Market Insights
Market Overview:
In 2019, the global market size for dunnage packaging was valued at USD 3.0 billion. It is projected to experience a compound annual growth rate (CAGR) of 6.1% from 2020 to 2027. This growth is anticipated to be driven by an increasing demand for sustainable and eco-friendly packaging solutions due to their cost-effectiveness compared to disposable packaging. The product plays a crucial role in the returnable/reusable packaging sector, which allows businesses to use the same packaging multiple times, leading to cost optimization. The demand for sustainable packaging is expected to rise in the automotive, consumer durables, and food & beverage industries.
Dunnage Packaging Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Paper Packaging by segment aggregation, the contribution of the Paper Packaging in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Dunnage Packaging Market Report Snapshots
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