Dublin, Sept. 18, 2023 (GLOBE NEWSWIRE) -- The "Global Dunnage Air Bags Market by Material (Kraft Paper, Poly-Woven, Vinyl), Bag Type (2 Ply, 4 Ply, 6 Ply), End User - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global Dunnage Air Bags Market, a vital component of the logistics and packaging industry, is expected to surge at a Compound Annual Growth Rate (CAGR) of 6.01%, projecting a substantial increase from USD 642.28 million in 2022 to an estimated USD 680.00 million in 2023.
The market's growth trajectory is set to continue its ascent, reaching a staggering USD 1,024.51 million by 2030, according to a comprehensive report released today.
Market Segmentation & Coverage:
This groundbreaking report meticulously categorizes the Global Dunnage Air Bags Market to provide critical insights into its growth trends and revenue forecasts for key sub-markets:
Material: The market is assessed across three major categories: Kraft Paper, Poly-Woven, and Vinyl, with Vinyl poised to capture a significant market share in the forecast period.
Bag Type: The study examines bag types, including 2 Ply, 4 Ply, 6 Ply, and 8 Ply, with 6 Ply bags expected to gain substantial market share in the coming years.
End User: Analysis of end users reveals Overseas, Railway, and Truck segments, with Railway expected to witness significant market share growth.
Region: The market is scrutinized across three major regions - Americas, Asia-Pacific, and Europe, Middle East & Africa (EMEA). The Americas, led by the United States, commanded the largest market share of 38.74% in 2022, closely followed by EMEA.
Market Dynamics
Drivers:
- Growing demand from the packaging industry due to rapid industrialization.
- Increasing need in the logistics and shipping market to protect cargos.
- Rising preference for dunnage air bags due to their durability, reduced handling efforts, and cost efficiency.
Restraints:
- High production costs.
Opportunities:
- Introduction of new products and innovations.
- Emergence of sustainable dunnage air bags.
Challenges:
- Reduced resistance to sharp objects.
The report provides insights on various crucial aspects, including:
- Market Penetration: Comprehensive information on key players' market offerings.
- Market Development: In-depth analysis of emerging markets and penetration into mature segments.
- Market Diversification: Detailed information on new product launches, untapped geographies, recent developments, and investments.
- Market Trends: A comprehensive understanding of the cumulative impact of COVID-19, the Russia-Ukraine Conflict, and high inflation.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights into future technologies, R&D activities, and breakthrough product developments.
The report addresses critical questions, including:
- Market size and forecast of the Global Dunnage Air Bags Market.
- Impact of inhibiting factors and COVID-19 on the market during the forecast period.
- Investment opportunities in the Global Dunnage Air Bags Market.
- Competitive strategic window for market opportunities.
- Technology trends and regulatory frameworks.
- Market share of leading vendors.
- Suitable modes and strategic moves for entering the market.
Market Statistics:
The report provides market sizing and forecasts in seven major currencies, including USD, EUR, JPY, GBP, AUD, CAD, and CHF, enabling organizational leaders to make well-informed decisions. Historical data from 2018 to 2021 is analyzed, with 2022 as the base year, 2023 as the estimated year, and forecasts for the period from 2024 to 2030.
FPNV Positioning Matrix:
To assess the Global Dunnage Air Bags Market comprehensively, the FPNV Positioning Matrix evaluates vendors based on key metrics within Business Strategy and Product Satisfaction. This advanced analysis categorizes vendors into four distinct quadrants, representing various levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis:
The Market Share Analysis offers valuable insights into the competitive landscape by comparing vendor contributions to overall revenue, customer base, and other key metrics. This analysis sheds light on the level of competition within the market and provides a clear picture of market dynamics.
Key Attributes:
- No. of Pages: 185
- Forecast Period: 2023 - 2030
- Estimated Market Value (USD) in 2023: $680 Million
- Forecasted Market Value (USD) by 2030: $1,024.51 Million
- Compound Annual Growth Rate: 6.0%
- Regions Covered: Global
Companies Mentioned
- Atmet Group Inc.
- Bulk-pack, Inc.
- Cargo Tuff LLC
- Cordstrap B.V.
- Glasnost India
- Green Label Packaging
- ITW Shippers S.p.r.l.
- Lift And Lash Private Limited
- Litco International, Inc.
- Royal Packaging Industries
- Shree Sadguru Packaging
- Shubhaditya
- Signode Denmark ApS
- Southern Packaging LP
- Stopak India Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/1w73nq
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
