Dunnage Air Bags Market Snapshot (2022-2032)

According to Future Market Insights research, during the projected period, the global dunnage air bags market is set to enjoy a valuation of US$ 503.0 Million in 2022, and further expand at a CAGR of 4.5% to reach US$ 781.1 Million by the year 2032. The dunnage air bags market revenues are expected to fuel with the top 3 countries estimated to hold 30 to 35% of the global dunnage air bags market by the end of 2022.

Based on the material, kraft paper dunnage air bags segment is projected to remain the leading segment among the other material used for producing dunnage air bags. The kraft paper segment is estimated to create an incremental opportunity of US$ 140 Million during 2022 to 2032.

Attributes Details
Market Size 2022 US$ 503.0 Million
Market Size 2032 US$ 781.1 Million
Value CAGR (2022 to 2032) 4.5%
Collective Value Share: Top 3 Countries (2022E) 30 to 35%

The global dunnage air bags market forms around 10-15% of the global dunnage packaging market worth US$ 3.7 Billion in 2021.

According to the FMI analysis, the dunnage air bags market revenue totaled US$ 483.1 Million in 2021. With the propelling demand from the various end-users, the global dunnage air bags market is projected to reach US$ 781.1 Million by 2032, accelerating at a CAGR of 4.5% during the forecast period.

The dunnage air bags market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the dunnage air bags sales will rise during 2022-2032 and is projected to create an absolute incremental growth opportunity of US$ 298 Million.

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Historic Market Outlook for Dunnage Air Bags

The global dunnage air bags market witnessed a CAGR of 3.9% during the historic period with a market value of US$ 483.1 Mn in 2021.

Dunnage air bags are considered among the most efficient and sustainable packaging solutions which fill the voids and offers optimal transportation. Dunnage air bags are used to protect goods during transit. The usage of dunnage air bags results in a secured situation as the cargo remains stable during transportation, which assures safe delivery of the goods. In addition to absorbing vibrations, dunnage air bags brace weight, fill voids, and safeguard cargo from in-transit damage brought due to longitudinal or bouncing vertical movements. They can sustain tremendous pressure and resist shifting load and have excellent load stabilizing capacity. Dunnage air bag market expansion will be significantly impacted by recent movements in the logistics sector. Massive e-commerce growth during pandemics has prompted new competitors to enter the delivery and logistics sector from crowdsourced deliverers and local carriers, as well as new business models and strategies from established firms. This growth comes with tremendous uncertainty, which presents both risks and opportunities to the dunnage air bags market.

How does the Technological Advancement by Key Players Accelerate the Growth of Dunnage Air Bags Market?

The increasing technology gave rise to inflatable dunnage air bags which are lighter in weight as well as cost-saving which increases the profit margins for the product manufacturer. The inflatable dunnage air bags confirm the shape of the product which it is protecting, this ensures the security of the product at an advanced level.  Majorly, dunnage air bags are demanded in the dominant regions like Europe and North America because of their increasing trade activities in the domestic markets as well as the international markets. In addition to that, these regions use the latest growing technologies to be ahead of other countries which leads to the early adoption of product which is technologically advanced. In the case of dunnage air bags, the inflatable dunnage air bags are technological advancement which is a positive signal for the sales of these dunnage air bags across the globe.

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Ismail Sutaria

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How the Need for Replacing the Substitute for Protecting the Small, Valuable, and Luxury Products Create a Growth Opportunity for the Dunnage Air Bags Market?

Over the years, dunnage air bags are used for securing heavy or bulk products during transportation. The manufacturer of dunnage air bags can produce the air bags for small, valuable, luxury, and household products that can be used inside the primary packaging of the product. Recently, small or household products come with thermocol or plastic box packaging inside their primary packaging so that products may not get hampered. Therefore, the manufacturer can develop small dunnage air bags which can replace the non-biodegradable material. Considering the example of perfume bottles or the luxury wine bottle, these bottles need extra safety as are made from glass and are filled with liquid so the small dunnage air bags then can be used inside the primary package of the bottles which assures safety. Also, the replacement of thermocol with recyclable and reusable dunnage air bags will contribute to the regulation framed by the government for various environmental issues.

Category-wise Insights

Which Material Segment is estimated to remain the Leading Segment for the Global Dunnage Air Bags Market?

Based on the material segment, the kraft paper dunnage air bags segment is estimated to remain the leading segment for the global dunnage air bags market. The target segment is anticipated register a CAGR of 5.4% during 2022-2032. The reason behind the same is the eco-friendly benefit offered by the kraft paper material.

Which End Use Segment Generate High Demand for the Dunnage Air Bags?

The logistics & transportation segment followed by the electrical & electronics segment is projected to generate high demand for the dunnage air bags. The logistics & transportation segment by end use is estimated to grow 1.7x the current market value during the forecast period. The increased need for secure delivery of goods augment the sales of dunnage air bags in logistics & transportation industry.

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Country-wise insights

How is the U.S. Projected to Supplement the Sales of Dunnage Air Bags?

The U.S. is estimated to hold around 4/5 portion of the North American dunnage air bags market by the end of 2022. The need of protective packaging for transporting stone & glass products in the U.S. is constantly increasing. This is projected to supplement the sales of dunnage air bags in the U.S. According to the World Integrated Trade Solution (WITS), the U.S. is one of the largest exporters of stone and glass. In 2020, the U.S. export of stone and glass accounted for US$ 136 Mn. Thus, the mentioned factor is estimated to fuel the demand for dunnage air bags in the U.S.

Competitive Landscape

The key players in the dunnage air bags market are trying to capture the market using product innovation strategy. Also, the key players are trying to expand their presence and capacity through merger or acquisitions. Some of the latest developments by the key players are as under-

  • In April 2022, Cargo Tuff LLC introduced cargo tuff airbag compacter. This innovation will help the company to deflate the used airbags. With this innovation, the company is one step ahead of recycling and reusability. The innovation by the company is cost-efficient and also suggests the easy deflation of air bags.
  • In November 2021, Signode Industrial Group LLC provided new Mobile Air Xtreme (Max) Inflatoror portable dunnage airbag inflation.

Scope of the Report

Attribute Details
Growth Rate CAGR of 4.5% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015 to 2020
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered Material, Bag Type, End Use, Region
Regions Covered North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania
Key Countries Covered USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia
Key Companies Profiled 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.; Phoebese Industrial (Shanghai) Co, Ltd.; International Dunnage; Down River, Inc.; Atlas Dunnage; Plastix USA LLC; Eltete Middle East FZ LLC; Atmet Group, Inc.; Shipper Europe Sprl
Customization & Pricing Available upon Request

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

By Region, Dunnage Air Bags Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Frequently Asked Questions

What was the value of the dunnage air bags market in 2021?

In 2021, the value of the global dunnage air bags market was US$ 483.1 Mn.

At what rate is the global dunnage air bags market is projected to expand during the forecast period?

During the forecast period, the global dunnage air bags market is anticipated to expand at a CAGR of 4.5%.

By 2032, what will the value of the global dunnage air bags market?

The global dunnage air bags market is expected to reach US$ 781.1 Mn by the end of 2032.

Which material segment is expected to lead the global dunnage air bags market during the forecast period?

During the forecast period, kraft paper is expected to lead the global dunnage air bags market.

What drives the demand for dunnage air bags?

The high demand for the protective packaging in the logistics sector is driving the demand for dunnage air bags.

Which are the top players augmenting the sales of dunnage air bags?

Cordstrap B.V., Green Label Packaging, Litco International, Inc., CargoTuff LLC, and Signode Industrial Group LLC are the top players augmenting the sales of dunnage air bags.

At what rate is the Indian dunnage air bags market projected to grow?

As per the FMI analysis, the Indian dunnage air bags market is projected to expand at a CAGR of 5.6% during 2022-32.

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