Press release
Dunnage Air Bags Market Size & Share to See Modest Growth Through 2024
The packaging industry worldwide has projected a fabulous growth in the recent years. This has positively impacted the shipping and logistic company as there has been a tremendous rise in the logistics and transportation services. All these shipping and logistics carry valuable cargos which need to be protected from breakage while transiting. For these purposes, dunnage air bags are used. Dunnage air bags offer protective packaging to cargo and are used for transporting the cargo safely to its destination. These bags are robust and lighter so can be used for supporting large cargos.
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Global Dunnage Air Bags Market: Segmentation
The global dunnage air bags market is segmented into its material type, a number of layers, packaging type, application, and geography. On the basis of material type, the market is divided into Kraft paper, plastic which is further sub divided into polyvinyl chloride and polypropylene. Based on the number of layers, the market is segregated into 8 layers and above, 6 layers, 4 layers, and 2 layers. On the basis of packaging type, the market is classified into laminated dunnage bags, woven dunnage bags, and paper dunnage bags. Based on application, the market is categorized into railways, trucks, and ships. On the basis of geography, the market is divided into North America, Latin America, Europe, the Middle East and Africa and Asia Pacific.
Global Dunnage Air Bags Market: Growth Factors
Dunnage air bags are highly demanded in the shipping and logistic company as a safe mode of packaging and transportation of the cargo. Features of the dunnage air bags such as light weight, increased cost efficiency, high durability, enhance protection of shipments, and reduced efforts in handling are further propelling the demand for them in the market. Environment consciousness and the rising importance of transporting the cargo safely has led the transporter companies to increasingly opt for dunnage air bags over other packaging options. However, poor resistance to damage caused by sharp objects may hamper the market growth of the dunnage air bags in the coming periods.
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Global Dunnage Air Bags Market: Regional Analysis
The highest demand in the dunnage air bags market will be seen in North America. This can be attributed to the convenience offered by these bags for shipping and logistics industry. Countries such as the U.S. and Canada will be the major centers of demand in this region. Also, significant demand will be seen in Europe and Asia Pacific due to the growing dominance of these regions worldwide. Considerable market growth will be visible in the coming periods in Latin America and the Middle East and Africa.
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Global Dunnage Air Bags Market: Competitive Players
Some of the major companies in the dunnage air bags market include Green Label Packaging, Cordstrap B.V., Tyoga Container Co Inc, Litco International Inc., Southern Bracing Systems Enterprises LLC, Cejipac Sdn. Bhd., Southern Packaging LP, Bulk-Pack Inc., Packbest Air Packaging Co. Ltd., Buffers USA Inc., Parimet Safepak (Shenzhen) Company Limited, and Special Packaging Material Co. Ltd.
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