QY Research has announced the release of a report titled, “Global Dunnage Air Bags Sales Market Report 2019.” As per the findings presented in the report, the global dunnage air bags market is expected to improve its total size to more than US$600 Mn by the end of 2025 while growing at a moderate CAGR of 4.4% during the forecast period 2019-2025. In 2018, the total market size reached over US$400 Mn.
Global Trade Growth and Need for Cargo Safety to Increase Demand: Dunnage air bags help with cost and time savings in the cargo management and shipping industries. They are used to reduce transportation and labor costs, improve load factor, and decrease the risk of cargo damage. The global dunnage air bags market is expected to gain from the growth of the cargo and logistics industry. The global demand for dunnage air bags is anticipated to improve due to the following factors.
● Innovations in inflatable dunnage air bags
● Need to reduce freight shipment damage rates
● High demand for freight security and safety
● Increase in international trade
● Cost-efficient alternative to rubber air bags
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Impact of Cross-border Ecommerce on Overseas Application: The report offers thorough analysis on different type segments of the global dunnage air bags market, viz. vinyl, kraft paper, polywoven, and others. The global dunnage air bags market is also segmented into railway, overseas, and truck on the basis of application. Among these, the overseas segment may secure a notable share of the global dunnage air bags market because of the massive growth of the cross-border ecommerce industry. Growing craze for international brands, especially apparel and footwear, increase in international shopping, and unavailability of certain consumer products in local or domestic markets could increase the demand for cross-border shipping.
Strong Demand for Protective Packaging in Asia Pacific: Asia Pacific could be among lucrative regional markets for dunnage air bags. Increase in import and export and trade activities is expected to create strong demand for dunnage air bags in the developing region. High demand for packaging and protective packaging solutions could be another driver of the Asia Pacific dunnage air bags market. Dunnage air bag manufacturers are predicted to benefit from their operations in the region due to the fast growth of the Asia Pacific freight transport management market.
Nature of Market: Moderately Fragmented
Readers of the report are provided with a comprehensive study on the competitive landscape and important players operating in the global dunnage air bags market, which include Cordstrap, Plastix USA, Shippers Products, Bates Cargo-Pak, Tianjin Zerpo Supply, Stopak, Cargo Tuff, Bulk-Pack, Phoebese Industrial, International Dunnage, Litco International, Guangzhou Packbest Air Packaging, Atlas Dunnage, Etap Packaging International, Shippers Europe, and Green Label Packaging.
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Key Points of Focus for Manufacturers
● Offering innovative dunnage air bag accessories
● Expanding product portfolio
● Adding superior cargo securing expertise
● Training employees and building knowledge centers
● Ensuring ease of cargo securing and environmental friendliness
About QY Research
QY Research is a leading global market research and consulting company. Established in 2007 in Beijing, China, QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and custom research to help our clients in providing non-linear revenue models and make them successful. We are globally recognized for our expansive portfolio of services.
