Nowadays, dunnage bags are expansively being used for the transportation of commodities, electrical & electronics, consumer goods, foods and beverages, and many other products. Recently, a new study titled “Dunnage Air Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been broadcasted to the vast repository of Market Research Hub (MRH), which provides comprehensive overview of the market covering future growth prospects. Geographically, the research highlights the market expansion in some of the prime regions, including North America, Europe, Asia Pacific (APAC), Latin America and Middle East & Africa (MEA).
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In the initial section, the research provide detailed overview of the dunnage bags along with its introduction, year on year growth and pricing analysis. Another vital feature of this report is the analysis of the dunnage air bags market by region, material type, bag type, and end use; and the corresponding revenue forecast in terms of absolute dollar opportunity.
Major Insights from the Study
Analysts have found that dunnage air bags are highly demanded in the shipping and logistic company as a safe mode of packaging and transportation of the cargo. Globally, the increasing production of goods, which is highly seen in the developing parts of the world, has significantly pushed the market to achieve new heights. According to the research key findings, the global dunnage air bags was valued at US$404.3 mn in 2016 and is expected to display a CAGR of 4.8% during the forecast years of 2017 to 2025. On the basis of geography, Asia Pacific is expected to hold a lion’s share in the global dunnage air bags market mainly because of the growing import and export activities in the region.
A number of other factors which are expected to drive the dunnage air bags market, such as capability of bearing high load, property which helps in keeping products stable during transport. Booming e-commerce and flourishing cargo and logistics industry are also noted as key growth drivers for the global market.
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As the report moves ahead, market segmentation on the basis of material type, bag type and end-use can be grasped in a precise form. On the basis of bad type, it include 2 Ply, 4 Ply, 6 Ply and 8 Ply. Material type used in the manufacturing of these bags include Poly-woven, Vinyl and Kraft Paper. Out of these, the kraft paper segment is projected to dominate the global market. This segment is anticipated to exhibit a CAGR of 5.4% during the forecast period.
The report also offers detailed competitive landscape and analysis and studies the business and product strategies of some of the leading players. Few of the key players active in the global dunnage air bags market include Cordstrap B.V., Etap Packaging International GmbH, Green Label Packaging, Stopak India Pvt. Ltd., Atlas Dunnage, Shippers Products, Vir Engineers, Shippers Europe Sprl, Bates Cargo-Pak ApS, Litco International, Inc., Cargo Tuff LLC, Bulk-Pack, Inc., International Dunnage A.S., Plastix USA LLC, Tianjin Zerpo Supply Co., Ltd., Atmet Group Inc., , Eltete Middle East FZ LLC, Phoebese Industrial (Shanghai) Co., Ltd., Down River, Inc.
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