Report Code: A12922 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Dunnage Packaging Market
Request Now !Dunnage packing is the protective packaging used to prevent damage that might impair quality while the goods are handled in transport and logistical activities. As various commodities are frequently transported daily from one site to another, the dunnage packaging industry is anticipated to expand significantly during the projected period. In addition to damage prevention, dunnage packaging offers many additional advantages such as flexibility, cost efficiency, innovative design & developments, appropriate coating, environmentally friendly, and resistance to external warm & abrasive conditions. Therefore, dunnage packaging is highly efficient in the food & beverages industry, the automobile industry, construction industry, and electronics industry. The increase in e-commerce and retail is anticipated to help dunnage packaging market flourish in the future. With the spread of COVID-19 pandemic, operations in many industries have stopped that have further reduced demand for dunnage packaging.                            Â
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
High Demand for Dunnage Packaging in the Automotive Industry
Automobile manufacturers transport finished and semi-finished automotive parts, including the supply of body pieces from various suppliers or components to the assemblies. So, the short distance and frequent transport of large and heavy goods have prompted car manufacturers to create sustainable packing solutions as there is a risk of damage. Dunnage packing offers many advantages, such as humidity protection, damage prevention, and stress absorption. Manufacturing companies rely on dunnage packaging due to the benefits. Therefore, increase in demands from the automobile sector to minimize transport damage is expected to boost the growth of the dunnage packaging market.
Fluctuation in the Price of Raw Material has Hampering the Growth of the Dunnage Packaging Market
Price volatility is a crucial element that is anticipated to hamper market growth during the forecast period. Â The disparity between supply & demand, and the fluctuating price of the oil commodity had affected the budget for dunnage packaging as the automotive sector are left with a low amount to carry on the packaging process. The availability of raw resources at lower or cheaper prices has led to some uncertainty. In January 2020, the COVID-19 pandemic, for example, had a significant effect on the pricing of petroleum that, in turn, influenced the price of raw materials. Fluctuations in the pricing of commodities have so presented the market expansion with a viable threat.
Key Benefits of the Report
Questions Answered in the Dunnage Packaging Market Research Report
Dunnage Packaging Market Report Highlights
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Key Market Players | DS Smith Plc, Orbis Corporation, Salco Engineering and Manufacturing Co., Inc, UFP Technologies, Inc, Amatech, Inc, Interior Packaging Design, LLC, MJSolpac Ltd, Dunnage Engineering Limited., Artisanz Fabrication and Machine, LLC, Keener Corporation |
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