The global dunnage air bags market size is expected to reach US$ 670.6 mn by the end of 2027. During the forecast period of 2020 and 2027, the global dunnage air bags market is expected to surge at a CAGR of 5.7%.
Dunnage air bags have come a long way since their introduction in the early 1970s. They have made a tremendous contribution to the overall transportation industry, thereby boosting trade opportunities. Over the years, production of dunnage bags has witness a significant change. The consistent efforts to bring in an eco-friendly characteristic to the make of dunnage air bags has won the attention of many end users. Growing uptake of kraft paper, which is a perfectly reusable and a recyclable material is projected to augment the growth of the global market during the forecast period. The high load bearing capacity of kraft paper has also been a value addition to the use of this material in the production of dunnage air bags.
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A number of other factors are expected to drive the dunnage air bags market, such as capability of bearing high load, property which helps in keeping products stable during transit. Fast growth in organized retail sector, especially in emerging economies, is expected to fuel growth of the dunnage air bags market. Despite the positive outlook, there are a number of other factors that might hamper growth of the market, which includes poor resistance to damage in case of sharp pointed objects.
Awareness Regarding Benefits of Protective Layers during Cargo Transportation to Increase Growth Prospects across Dunnage Air Bags Market
Dunnage air bags are a type of packaging used during the transportation of cargo. The cargos remain protected, stabilized, and secured due to these bags. The growing influence of transportation and the rising concern about the damage caused to the cargos during transportation may bring tremendous growth opportunities for the forecast period of 2017-2025.
- Dunnage air bags are both light and robust. They enable efficient protection of large cargos. This aspect may invite promising growth prospects for the dunnage air bags market. Good durability, escalated cost-efficiency, and decreased handling efforts are some of the vital properties that may serve as prominent growth contributors for the dunnage air bags market. The rising awareness about the utilization of dunnage air bags among a considerable populace may further enhance the growth opportunities.
- Sustainability has gathered substantial momentum across the globe. Environmental conservation is regarded as a prime factor across various sectors. Recycled materials are preferred over non-recyclable materials. The material of dunnage air bags is 100 percent recyclable. Thus, this aspect will influence the growth of the dunnage air bags market to a great extent.
- The rapidly progressing shipping and logistics industry may further enhance the growth opportunities across the dunnage air bags market. Barring the novel coronavirus pandemic, the shipping and logistics industry has rarely faced growth damage. The coronavirus pandemic led to the enforcement of strict-lockdown restrictions. These restrictions resulted in the closure of a plethora of businesses across the globe.
- The border restrictions further increased the difficulties for the dunnage air bags market. Although goods transportation was allowed, certain reasons led to disruption in the supply chain and logistics. In addition, the firms manufacturing dunnage air bags were also closed on the back of the restrictions. This aspect hurt the growth of the dunnage air bags market considerably.
Few of the key players in the global dunnage air bags market include 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 A.S., Plastix USA LLC, Tianjin Zerpo Supply Co., Ltd., Atlas Dunnage, Guangzhou Packbest Air Packaging Co., Ltd., Eltete Middle East FZ LLC, Phoebese Industrial (Shanghai) Co., Ltd., Vir Engineers, Down River, Inc.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
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By Material Type
- Kraft Paper
By Bag Type
- 2 Ply
- 4 Ply
- 6 Ply
- 8 Ply
By End Use
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
The Dunnage Air Bags market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Dunnage Air Bags market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Dunnage Air Bags market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Dunnage Air Bags market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Dunnage Air Bags market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Dunnage Air Bags capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Dunnage Air Bags by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Dunnage Air Bags market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Dunnage Air Bags market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Dunnage Air Bags market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Dunnage Air Bags industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Dunnage Air Bags 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 Dunnage Air Bags market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Dunnage Air Bags market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Dunnage Air Bags market. These factors have benefited the growth of the global market for Dunnage Air Bags. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Dunnage Air Bags. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Dunnage Air Bags are as follows:
- History Year: 2016-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year 2020 to 2027
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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