The global dunnage air bags market is expected to gain market growth of 4.4% during the forecast period 2021 to 2030 and predicted to reach US$ 745 million by 2030.
The growth of the shipping & logistics industry, due to rise in global trade among countries, has resulted in the use of more packaging materials such as dunnage air bags. The increase in global trade has fueled the demand for cargo safekeeping materials such as dunnage air bags, thus driving the dunnage air bags market. Moreover, key cargo movers and cargo shipping advisors are preferring dunnage air bags over bubble-wraps and crumpled paper for ensuring safety of cargo till it reaches the final destination. The demand for global rail logistics due to its cost saving advantage is increasing, further propelling the demand for packaging products including dunnage air bags, and is projected to show positive growth in the upcoming years.
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A new study on the global dunnage air bags market, providing forecast for the period of 2021-2030. In the study, growth opportunity for the dunnage air bags market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the dunnage air bags market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.
Attributes of Dunnage Air Bags Fueling Growth of Global Market
Over the years, dunnage air bags are being used for securing cargo. The dunnage air bags come with various features such as light in weight, durable, cost-efficient, weather-resistant, load stabilizing capacity, waterproof, and recyclable. All such attributes lead to the demand for dunnage air bags. Polywoven dunnage air bags, which are comparatively lighter than Kraft paper dunnage air bags, help in working easily during loading and unloading of cargo. In addition, polywoven dunnage air bags provide resistance to weather and other environmental hazards, which attract product manufacturers to use it.
Moreover, vinyl dunnage air bags are inflated, which result in more safety of the product, and it expands and contracts with the altitude, which can be used on hairpinned roads. This attaches the attention of the customer to the extra safety of the product. Moreover, these dunnage air bags are waterproof that allows customers to use them during refrigerated transport. Furthermore, the Kraft paper dunnage air bags are recyclable, easily disposable, and economical.
Eco-friendly, Dually Dunnage Air Bag Matching Ongoing Trend, Demand
Dually dunnage air bags are comparatively lighter and easier to handle than the square dunnage air bag, as well as are more cost-efficient. In addition, are sustainable, can be reused in road transportation as well as have high burst pressure, which result in the overall performance of the dunnage air bags. Furthermore, the reusability feature attracts market players and saves cost. Overall, the dually dunnage air bags are the new product that companies can develop to increase their market share.
Rising regulations and ongoing trends toward using eco-friendly products are leading manufacturers to produce products to match the ongoing trend. The manufacturers can produce eco-friendly dunnage air bags.
Wenzhou Lianhai Bag company Ltd. developed eco-friendly dunnage air bags on July 8 2020. This dunnage air bag is compatible with the trending sustainable environmental concern regarding the use of eco-friendly raw material for manufacturing the product.
Retail Sector Witnessing Demand for Dunnage Air Bags in Emerging Markets
Over the years, dunnage air bags have been used by manufacturing companies to deliver the product safely to the end user. However now, retail sector is employing the use of dunnage air bags during the transportation of the product by road, rail, or waterways. Majority of all the shipments in the U.S. are carried out with the help of the eCommerce platform through truck trailers, which make use of dunnage air bags. Not only large products but also small products, which are luxurious and valuable in nature are also protected with the help of dunnage air bags.
eCommerce or the retail industry are majorly involved in using the flexible packaging material, which, in turn, aims to give customer satisfaction on the delivery of the product. Moreover, dunnage air bags will continue to dominate due to cost-efficiency and versatility. Moreover, increasing focus on customized packaging according to the product-fit for the item being shipped is anticipated to boost the demand for dunnage market in the retail sector.
Dunnage air bags made of Kraft paper DAB are anticipated to create an incremental opportunity of US$ 144 Mn by the end of 2030. Kraft paper dunnage air bags are sustainable in nature and therefore, are preferred more as compared to other material types.
The 2 ply dunnage air bags segment is anticipated to dominate over other bag types. The 2 ply dunnage air bags are medium-sized bags with 2 ply construction composed of inner polyethylene bag and two layers of waterproof Kraft paper. Therefore, the segment is expected to hold a market share of more than 30% by the end of 2030.
In terms of end use, dunnage air bags are majorly used for overseas shipments and is anticipated to create an incremental opportunity of US$ 117 Mn by the end of 2030.
Technology advancements have given rise to inflatable dunnage air bags that are light in weight as well as save cost, thus increasing the profit margins of product manufacturers. The inflatable dunnage air bags secures the shape of the product, which it is protecting, thereby ensuring security of the product at an advanced level. Majorly, dunnage air bags are demanded in dominant regions such as Europe and North America, due to their increasing trade activities in domestic as well as international markets.
In addition, these regions use latest growing technologies, which leads to early adoption of the product. In case of dunnage air bags, inflatable dunnage air bags are technologically advanced, which is a positive signal for the sales of these dunnage air bags in dominant regions such as Europe and North America.
Furthermore, inflatable dunnage air bags can be manufactured in countries such as China where the manufacturing cost is low due to cheap resource and technology cost, which will increase profit margins of manufacturers.
US$ 745 million by 2030
CAGR of 4.4% from 2021 to 2030
Material, Bag, End Use, Region
Cordstrap B.V.,Green Label Packaging, Atmet Group Inc, Stopak India Pvt. Ltd., Shippers Products, Shippers Europe Sprl, Bates Cargo-Pak APS, Litco International, Inc., Cargo Tuff LLC, Bulk-Pack, Inc.
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The global dunnage air bags market is highly fragmented in nature wherein the larger portion of market share is held by domestic players. Some of the key players operating in the global dunnage air bags market are Cordstrap B.V.,Green Label Packaging, Atmet Group Inc, Stopak India Pvt. Ltd., Shippers Products, Shippers Europe Sprl, Bates Cargo-Pak APS, Litco International, Inc., Cargo Tuff LLC, Bulk-Pack, Inc., Etap Packaging International GmbH, International Dunnage AS, Plastix USA LLC, Tianjin Zerpo Supply Co. Ltd., Atlas Dunnage, Guangzhou Packbest Air Packaging Co. Ltd., Phoebese Industrial (Shanghai) Co, Ltd, Vir Engineers, Eltete Middle East FZ LLC and Down River, Inc.
By Material Type
Kraft Paper DAB
By Bag Type
By End Use
Middle East & Africa
What will be the impact of COVID-19 on the dunnage air bags market?
Which end use will be most lucrative for dunnage air bags?
What will be market size for dunnage air bags by the end of 2030?
Which is the most preferred type of dunnage air bags in the global market?
Which region will remain most lucrative for market growth?
Which end use will generate maximum incremental opportunities in the global dunnage air bags market?
Who are major key players in the dunnage air bags market?
Key indicators associated with the dunnage air bags market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global dunnage air bags market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of dunnage air bags. Furthermore, forecast factors and forecast scenarios of the dunnage air bags market have been covered in the report to understand future prospects of the market.
A comprehensive evaluation and forecast on the dunnage air bags market are provided on the basis of material type, bag type, end use, and region.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The dunnage air bags market is analyzed at both regional and country levels.
The report delivers an exhaustive assessment on the structure of the dunnage air bags market, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of dunnage air bags manufacturers by leveraging an intensity map. It also highlights key end uses of dunnage air bags.
A realistic methodology, along with a holistic approach makes the base for sharp insights, which are provided in the dunnage air bags market for the study evaluation period. The TMR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.
Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the dunnage air bags market. The report has further undergone a cross-validation by in-house professionals to make the dunnage air bags market report one-of-its-kind, with the highest credibility.
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