The report on ‘Global Dunnage Air Bag Market’ states that global dunnage airbag market is estimated to expand at a considerable CAGR during 2022-2028.
Global dunnage air bags market is expected to rise due to the soaring demand from the logistics & shipping business to safeguard cargo, and the surging demand for more packaging materials brought on by rapid industrialization.
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For those unaware, an inflation valve-equipped poly bladder known as a dunnage air bag is used to reduce front-to-back load movement in tractors, trailers, railcars, and international shipping containers.
Additionally, new product innovation & introduction, and rising consumer awareness of its environmental impact, are creating lucrative growth prospects for the industry.
However, it is anticipated that decreased resistance to sharp items may restrict market expansion over the forecast period of 2022–2028.
Worldwide dunnage air bag business space is segmented on the basis of material type, packaging model, layers, and application spectrum. By material type, the market is divided into plastic, polyvinyl chloride (PVC), polypropylene (PP), kraft paper, and others.
In terms of packaging models, this business space is segregated into woven dunnage bags, paper dunnage bags, and laminated dunnage bags. On the basis of layers, this industry vertical is bifurcated into 2 Layers, 4 Layers, 6 Layers, 8 layers, and above. By application spectrum, the market is divided into ship, railways, trucks, and others.
Geographically, the market is spread across Asia Pacific, Europe, North America, Latin America, and the Rest of the World.
Among these, North America market stands tall in terms of market share and is poised to record a healthy CAGR through the analysis period, due to growing demand from the logistics and shipping business to safeguard cargo.
Among these, Asia Pacific market is also estimated to witness the highest growth rate over the forecast period, owing to lucrative expansion prospects in the region.
The key players involved in global dunnage air bag industry are Green Label Packaging, Atmet Group Inc., Shippers Products, Bates Cargo-Pak Aps, Shippers Europe Sprl, Bulk-Pack Inc., Litco International Inc., Stopak India Pvt. Ltd., Cargo Tuff LLC, and Cordstrap B.V.