Dunnage trays market is expected to witness market growth at a rate of approximately 4.6% in the forecast period of 2021 to 2028. Data Bridge Market Research report on dunnage trays market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the retail business globally is escalating the growth of dunnage trays market.
Dunnage trays refer to the type of trays that are widely used for handling, processing, and shipping of several parts or products. These trays are highly used in various industries, including electronics, retail food and beverage, cosmetics, healthcare, and shipping and logistics, among others.
The rise in the demand for safe transportation across various industries acts as one of the major factors driving the growth of dunnage trays market. The increase in order for the trays owning to the distribution efficiency provided to O.E.M manufacturers rendering smooth handling of WIP components, and growth of food, pharmaceutical, and manufacturing industry accelerate the market growth. The rise in the preference for Polypropylene (PP) over other counterparts, among manufacturers because of its umpteen mechanical properties coupled with economical pricing, and high popularity due to the customizations in accordance with production particulars such as dimensions and quality further influence the market. Additionally, expansion of end-use industries, urbanization and industrialization, and concerns regarding product safe transportation positively affect the dunnage trays market. Furthermore, launch of reusable, light weight and low cost dunnage trays extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
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Major players covered in the dunnage trays market report are Dunnage Engineering, Brown Machine Group Corporate, sohnerplastics., Great River Plastics, LLC, Electro-General Plastics Corp., Innovative Plastech, Engineered Components Packaging, LLC, Waveform Plastics, South-Pak, Inc., Bardes Plastics, Inc., DS Smith, Sonoco Products Company, Menasha Corporation, Schaefer Systems International Pvt Ltd, Sinclair Rush, Inc., Rohrer Corporation, Dordan Manufacturing Company., PolyFlex Pro, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Dunnage Trays Market Scope and Market Size
The dunnage trays market is segmented on the basis of material, application, and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the dunnage trays market is segmented into polystyrene, polyvinyl chloride (PVC), polyethylene terephthalate (PET), polypropylene (PP), high-density polyethylene (HDPE), high molecular weight polyethylene (HMWPE), acrylonitrile butadiene styrene (ABS), and thermoplastic polyurethanes (TPU).
- On the basis of application, the dunnage trays market is segmented into shipping trays, in-process trays, automation trays, wash cycle trays, food sterilization, assembly trays, and others.
- On the basis of end user, the dunnage trays market is segmented into automotive industry, electronics industry, healthcare industry, retail, food and beverage industry, shipping and logistics industry, cosmetics industry, and others.
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Global Dunnage Trays Market Country Level Analysis
The dunnage trays market is analyzed and market size, volume information is provided by country, material, application and end-user as referenced above.
The countries covered in the global dunnage trays market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the dunnage trays market due to the new innovations in packaging and abundant investment in research development within the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the increase in the number of consumers, and rise in e-commerce and retail business in the region.
Country section of the dunnage trays market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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