Global Dunnage Packaging Market: Key Highlights
Global Dunnage Packaging Market: Key Market Dynamics
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Global Dunnage Packaging Market: Regional Overview
North Americadunnage packaging has anticipated to grow at a steady during the forecasted period. This has attributed to the growing demand for corrugated paper-based dunnage products from various industries, such as electronic, aerospace, and automotive, owing to their excellent load stabilizing capacity. Moreover, manufacturers in the region are focusing on strategic initiatives such as extensive R&D, product innovation, merger & acquisition, to increase sale and meet rising demand. For instance, in May 2018, ORBIS Corporation, a subsidiary of a U.S.-based plastic and corrugated packaging manufacturer, acquired Menasha Corporation, a U.S.-based returnable and dunnage packaging manufacturer, with an aim to expand its product portfolio.
The Asia-Pacific is anticipated to witness the largest growth in dunnage packaging market during the forecasted period. This is attributed b-the rising demand for reusable packaging solutions from economies, including India and China, as these type of packaging ensures the safety of packaged products, partial sustainability, and cost-saving. The growing application of reusable packaging in the food & beverages, healthcare, and Fast-Moving Consumer Goods (FMCG) industries is likely to further propel the regional market. additionally, some other factors, including rising usage of multi-use packaging instead of single-use packaging solutions, ongoing industrialization, rising consumer awareness regarding green and sustainable packaging materials as well as reducing packaging wastage are anticipated to drive the product demand in the Asia Pacific
Global Dunnage Packaging Market: Key Players Overview
Liquibox is one of the global leaders in liquid packaging and dispensing working in partnership with customers to deliver high-quality, innovative solutions that achieve sustainable performance. The company offers a wide product solution for beverage, liquid food, and non-food and is located across the globe. In February 2020, Liquibox acquired DS Smith’s flexible packaging and Worldwide Dispensers with an aim to increase its geographical reach across 21 location across the globe.
Menasha Corporation is engaged in manufacturing of corrugated and plastic packaging and its supply chain. The company has a strong geographical presence in more than 112 locations in North America and Europe. The company operated through business unit including Menasha packaging, and ORBIS Corporation. Menasha Corporation. In 2019, Menasha Corporation generated sale of USD 2 billion.
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