The dunnage air bags market has been anticipated to grow at a noteworthy speed in the forthcoming years. The market growth has been attributed to the increasing investment by key market players in the flexible packaging operations that involve bubble packaging, dunnage bags, and air pillow. Along with this, the manufacturers from the dunnage air bags market are also putting efforts for the safe delivery of products to targeted end-users. Thus, based on these factors, the market has been anticipated to grow at a rapid speed in the forthcoming years.
In recent years, the retail sector has been employing the application of these air bags for the transportation of different products by waterways, rail, or road. Developed countries across the world are using these air bags with the assistance of an eCommerce platform. The transportation process requires truck trailers that use dunnage air bags. Large products, as well as small products that are valuable and luxurious in nature, require protection with the use of these air bags. Thus, based on these factors, the market has been estimated to grow at a noticeable speed in the upcoming years.
Dunnage Air Bags Market: Key Trends
There are innumerable benefits of using these air bags. Consumer satisfaction is possible with the versatility and cost-efficiency are some of the significant features of these air bags that have been expected to fuel growth impetus in the dunnage air bag market. In addition to this, rising concentration by key market players to customize packaging as per the requirement of the product can also fuel demand opportunities in the market during the forecast period.
During the COVID-19 pandemic, there have been various transportation and supply chain problems. But the noteworthy increase in the eCommerce platforms along with the high sale of pharmaceutical goods has been putting a positive impact on the growth prospects in the market.
On the flip side, the dunnage air bags have been susceptible to sharp and pointed items, for example, nails. These products can puncture the inflated internal polyethylene bladder. Thus, the manufacturers serving in the market are producing high-quality dunnage bags with resistance to moisture and puncture. Thus, owing to these factors, the dunnage air bags market has been anticipated to create various expansion avenues in the upcoming years.
Dunnage Air Bags Market: Competitive Dynamics and Key Developments
The key players that are serving in the dunnage air bags market have been taking innumerable efforts to create strategies in the industry to generate growth prospects in the years to come. Among these growth opportunities, expansion of the distribution network, portfolio diversion, product development and launches, expansion of company footprints through partnership and subsidiaries, mergers and acquisition, and R & D activities are prominently used by market players to bring lucrative opportunities in the global market in the years to come.
Some prominent players serving in the dunnage air bags market include:
- Atmet Group Inc
- Stopak India Pvt. Ltd.
- Green Label Packaging
- Bates Cargo-Pak APS
- Shippers Products
- Bulk-Pack, Inc.
- Shippers Europe Sprl
- Cargo Tuff LLC
- Litco International, Inc.
- Cordstrap B.V.
Dunnage Air Bags Market: Regional Assessment
The dunnage air bags market has been bifurcated into Europe, North America, the Middle East & Africa, Latin America, East Asia, Oceania, and South Asia on the basis of geographical locations. North America among these geographical regions has been anticipated to grow at a significant speed in the forthcoming years. The market growth has been possible with the increased scales of production of these air bags in the regional market. Owing to this factor, the regional market is predicted to grow rapidly in the years to come.
Current and Future Threats
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Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
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