Dunnage Trays Market Size to Expand 1.6X During 2019-2029
Preferred for their reusability as well as protective attributes, dunnage trays are extensively used in packaging of fragile products such as artworks, electronic items, and medical equipment. Dunnage trays are gaining traction in freight transportation, which would fuel the growth of global dunnage trays market through 2029. As the packaging industry is embracing sustainability in a cost-effective way, the dunnage trays market will continue to witness a steady growth outlook at a CAGR of 4.3% during 2019 - 2029. Over the course of projection period, the market is projected for 1.6X revenue expansion. Upsurge in transnational trade activities particularly drive demand for dunnage trays.
Frequently asked questions about global dunnage trays market
What are future predictions for the dunnage tray market?
The dunnage tray market is projected to witness remarkable growth in the next ten years, with market value increasing from US$ 1.7 Bn in 2018 to reach US$ 2.7 Bn by 2029.
What is the anticipated market growth rate, overview, and analysis by material type of dunnage tray market in 2024?
The global dunnage tray market is anticipated to register a CAGR of 4.3%, and the Polypropylene (PP) segment is anticipated to account for 1/4th of the global market by material type. This is attributable to the wide use of this material, which assists in retaining the freshness of food products, in food packaging and related industries.
How will the dunnage tray market be crucial in the future?
Prominent tray manufacturers are focusing more on customized dunnage tray offerings over conventional dunnage trays, on account of the demand for customized dunnage trays that has increased rapidly in the recent past. Increasing adoption of automation is anticipated to boost the demand for recyclable dunnage trays, attributable to the suitability of such dunnage trays for loading fragile cargo.
Which end-use industries hold potential growth opportunities for manufacturers in the dunnage tray market.
Automotive, followed by food & beverage and healthcare & pharmaceuticals, accounts for the highest demand for dunnage trays. The consistent demand for dunnage trays from these industries for safe transit of packaged cargo and reduced incidences of loss provides gratifying opportunities to manufacturers in the dunnage tray market to reinforce their positions and shares.
How are automation technologies in the automotive industry contributing to market growth?
Prominent automotive manufacturers are adopting robotics & automation technologies in their assembly lines to enhance efficiency and ensure the standard of their products. The increasing usage of automation in industries leads to a rise in demand for customized dunnage trays, which are more suitable, and reduce risk of damage to parts. This factor is anticipated to considerably drive the growth of the dunnage tray market in the foreseeable future.
Who are the leading players in the dunnage tray market?
The dunnage tray market is fragmented. FMI has identified Sonoco Products Company, Menasha Corporation, DS Smith Plc, Trienda Holdings L.L.C., Dordan Manufacturing Company, and Sinclair & Rush, Inc. as the leading players.
Which region is estimated to lead the global dunnage tray market in terms of sales?
In terms of sales and market growth, the East Asia region is projected to remain at the forefront throughout the forecast period. The dunnage tray market in this region is projected to register a steady CAGR of 6.6% during the forecast period of 2019-2029.
Polypropylene Remains Sought-after over Other Materials
Polypropylene (PP) will maintain its lead in the dunnage trays market, accounting for one-fourth share of total revenues. Influenced by its umpteen mechanical properties as well as economical pricing, manufacturers of dunnage trays continue to prefer this plastic over other counterparts. Moreover, materials such as thermoplastic polyurethane (TPU), and butadiene styrene (ABS) are offering multiple avenues of growth and profitability to players active in the dunnage trays market.
Tapping White Spaces in Developing Regional Markets
Europe remains at the forefront in dunnage trays market, and around 2/5th of European market is accounted by the demand from autonomous vehicles sector. However, there are strong indications of Asia outperforming European market in the following years. With surge in merchandise sales across developing economies of Asia and Africa, dunnage tray manufacturers are eying opportunities to establish their bases in China, India, Vietnam, Philippines, Taiwan, and South African countries. Particularly led by China and India, wide availability of raw materials and economical cost benefit of these economies would reflect a wealth of investment opportunities for key stakeholders in the dunnage trays market.
Growth in Cross-border Trade Provides Impetus to Market
Inter-oceanic trade is emerging as a mainstream trend in market, bolstering the global demand for dunnage trays. The aforementioned factors significantly increase export across different trades, placing safety and protection of products at prominence, further creating white spaces of growth for dunnage trays. Besides safety, customizations according to production particulars like dimensions and quality, are also serving the market players with better return of investments.
Polypropylene(PP) holds leading revenue share
Acrylonitrile butadiene styrene(ABS) to exhibit promising growth
Automobile industry remains key revenue generator
Adoption in healthcare & pharmaceuticals industry to remain sluggish
How Growth will Unfold
Rapid tech-enabled transformation as well as enhanced production capacity are offering plethora of opportunities for dunnage tray manufacturers. As the automobile sector captures a leading revenue share, manufacturers are targeting this end-use category. Market players are also channelizing their investment towards the manufacturing & warehousing sector on grounds of rising demand for logistics and packaging, driven by swift progressions in global trade. In addition to this, market players are placing their stakes in the healthcare & pharmaceutical industry, owing to increasing use of fragile components that demand for safe storage and transportation.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Dunnage Tray Market Analysis 2019-2029
A recent market study published by Future Market Insights on the dunnage tray market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the dunnage tray market are obtained with maximum precision.
Dunnage Trays Market Taxonomy
The global dunnage tray market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
- Polypropylene (PP)
- Polyvinyl chloride (PVC)
- Thermoplastic polyurethanes (TPU)
- Acrylonitrile butadiene styrene (ABS)
- High-density polyethylene (HDPE)
- Electrical & Electronics
- Healthcare & Pharmaceuticals
- Food & Beverage
- Shipping & Logistics
- Manufacturing & Warehousing
- North America
- Latin America
- South Asia
- East Asia
The report begins with an executive summary of the dunnage tray market, which includes key findings and statistical analysis of the market.
Readers can find the definition and detailed taxonomy of the dunnage tray market in this chapter, which will help them understand the basic information about the market.
This section explains the global market value analysis and forecast for the dunnage tray market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical dunnage tray market, along with opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).
This section covers pricing analysis of the dunnage tray market at the regional level has also been provided in this section.
This section explains the global market value analysis and forecast for the dunnage tray market during the forecast period of 2019-2029 and the key macroeconomic factors that are expected to influence growth of the dunnage tray market during the forecast period. This section also highlights the opportunity analysis for the dunnage tray market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the dunnage tray market.
This chapter explains how the dunnage tray market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, the Middle East and Africa (MEA), and Oceania.
Based on Material Type, the dunnage tray market has been segmented into Polypropylene (PP), Polyvinyl Chloride (PVC), Thermoplastic polyurethanes (TPU), Acrylonitrile butadiene styrene (ABS), and High-density polyethylene (HDPE). In this chapter, readers can find information about key trends and developments in the dunnage tray market and market attractiveness analysis, based on material type.
This chapter provides details about the dunnage tray market based on end-use industry, and has been classified into electrical & electronics, healthcare & pharmaceuticals, automobile, food & beverages, agriculture, shipping & logistics, and manufacturing & warehousing. Through this chapter, readers can understand market attractiveness analysis based on end-use industry.
This chapter includes detailed analysis of the growth of the North America dunnage tray market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on material type, end-use industry, and countries in North America.
This chapter provides the growth scenario of the dunnage tray market in countries in Latin American such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Important growth prospects of the dunnage tray market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX, and the rest of Europe are included in this chapter.
This chapter provides information about how the dunnage tray market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.
India, Indonesia, Thailand, Malaysia, and the rest of South Asia are among leading countries in the South Asia region, which are prime subjects of assessment to obtain growth prospects of the South Asia dunnage tray market in this chapter. Readers can find detailed information about growth parameters of the South Asia dunnage tray dunnage tray market during the forecast period.
This chapter highlights the growth of the dunnage tray market in East Asia by focusing on China, Japan, South Korea, and the rest of East Asia. This section also helps readers to understand key factors that are responsible for the growth of the dunnage tray market in East Asia.
In this chapter, Australia and New Zealand are countries in the Oceania region that are prime subjects of assessment to obtain growth prospects of the Oceania dunnage tray market.
This chapter explains how the dunnage tray market is anticipated to grow across various emerging countries such as Brazil, China, and India.
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the dunnage tray market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in this report are DS Smith Plc., Sonoco Products Company, Menasha Corporation, SSI Schaefer Ltd, Sinclair & Rush, Inc., and Trienda Holdings L.L.C.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the dunnage tray market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the dunnage tray market. The report focuses on dunnage tray consumed in the packaging industry.
How the research was conducted?
- C-Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Packaging Europe
- Packaging Strategies
- Packaging News
- Packaging World
- Industry Associations
- American Plastics Council (APC)
- World Packaging Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits