According to data from Future Market Insights, the global market for dunnage air bags is projected to be worth US$ 503 million in 2022 and rise at a CAGR of 4.5% to reach US$ 781.1 million by the year 2032. By the end of 2022, the top 3 countries are expected to dominate 30–35% of the global dunnage air bag market, resulting in higher market revenues.
Dunnage air bags are inflatable objects that were created specifically to fill in the spaces between cargo loads and keep them in place while being transported. They are built to endure a range of pressure and strain since they are made of sturdy, high-quality materials including polypropylene, kraft paper, and polyethylene. These bags are offered in a variety of shapes and sizes, making them appropriate for a variety of cargo types and transportation methods.
Numerous factors are anticipated to drive a significant growth in the market for dunnage air bags over the upcoming years. One of the main forces driving expansion is the increasing demand for safe and secure cargo transportation. The expansion of e-commerce and the rising demand for international trade have created a need for effective and efficient logistics solutions that can ensure the safe delivery of goods.
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The Key Players Are:
- Cordstrap B.V.
- Green Label Packaging
- Litco International, Inc.
- CargoTuff LLC
- Signode Industrial Group LLC
- Southern Bracing Systems Enterprises
- Bulk-Pack Inc.
- Southern Packaging, Lp
- Packbest Air Packaging Co., Ltd.
- Others
Factors Affecting the Dunnage Air Bags Market
The Dunnage Air Bags Market is expanding as a result of numerous causes. For companies and investors wishing to take advantage of the market’s potential, understanding these aspects is essential. Let’s examine the main drivers of growth:
1. Expanding global trade
The booming demand for Dunnage Air Bags has been considerably influenced by the rise of the global economy and trade. Businesses now depend more than ever on effective cross-border shipping of goods, which has increased the demand for dependable and secure packing solutions.
2. Concentrate on Product Safety
Maintaining the quality and integrity of products is crucial in today’s cutthroat business environment. To live up to client expectations, suppliers and manufacturers are emphasizing product safety more. When it comes to protecting items from damage brought on by movement and vibration during transportation, Dunnage Air Bags are an excellent choice.
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Dunnage Air Bags Market by Category
By Material, Dunnage Air Bags Market is Segmented as:
- Poly-woven Dunnage Air Bags
- Kraft Paper Dunnage Air Bags
- Vinyl Dunnage Air Bags
By Bag Type, Dunnage Air Bags Market is Segmented as:
- 2 Ply
- 4 Ply
- 6 Ply
- 8 Ply
By End Use, Dunnage Air Bags Market is Segmented as:
- Automotive
- Electrical & Electronics
- Food & Beverage
- Healthcare
- Logistics & Transportation
- Other Consumer Goods
Frequently Asked Questions (FAQs)
- What will be the growth of Dunnage Air Bags Market in the coming years?
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- What will be the size of Dunnage Air Bags Market in the foreseeable future?
- Which end-use type is expected to register significant growth in the Dunnage Air Bags Market?
- Which region accounted for the largest share in the Dunnage Air Bags Market?
- Who are the target audience in the Dunnage Air Bags Market?
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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