Dunnage Paper Bag Market: Overview
Dunnage paper bags are expected to witness high sales, with the rising demand for protective packaging solutions. Due to the risk, which commercial goods faced is being damaged during transit. The tremulous movements of vehicles increases the chances of goods arriving at destination in damaged condition. This gives rise to the need of protective solutions for the goods in transit. Dunnage paper bags are designed to reduce the impact of such jerky movements and preserve the integrity of their merchandise. In today’s competitive world, one cannot afford to lose valuable goods during transit. Customer desired to get product in proper condition.
Dunnage paper bags provides convenient and cost effective solutions for transportation of goods in cargo vessel, trucks and railcars. They are wide variety of sizes available in paper dunnage bags in order to secure and protect loads and prevent damage under different transport conditions. Dunnage paper bags saves time and money in supply chain by reducing losses due to damage of cargo in transit. Dunnage paper bags are easy to use and require a compressed air source and a inflator tool for inflation. Many key manufacturers of dunnage paper bags such as Cordstrap B.V. which has presence in more than 50 countries is trying to improvise the product towards more cost effective product.
Growing cargo and logistics industry to fuel growth of dunnage paper bags
Transport is necessary for manufactures’ trade, especially for cross border trade today. According to IATA, the value of international trade shipped by air would be around US$ 5 trillion, which is less than 1% of world trade by volume, but accounts for over 35% by value. Moving of goods from one corner of the world to another, is necessary for economy of countries and dunnage paper bag helps to ensure proper transportation of goods.
Shipping of goods and products is either done through airways or sea-ways. Shipping and cargo industries employ dunnage paper bags for bracing of cargo, results in damage prevention and securement of products during transit. Dunnage paper bags restrain movement of cargo loads in overseas, trucks containers or in railways. These factors give rise to growing demand for dunnage paper bags.
Recession in shipping containers market might affect the market
Changing trade tactics and uncertainty in trade policy affects the trade among nations. International trade has faced headwinds since 2008-09, from slowing economic growth, especially in key markets for both commodities and finished goods. The slowdown in both volume and value of International trade, in turn, impacted the shipping industry across the continents which affects global dunnage paper bags market.
Dunnage Paper Bag Market: Segmentation
On the basis of bag type, global dunnage paper bag market can be segmented as: Below 2 ply, 2-4 ply, 5-7 ply & Above 7 ply. On the basis of end use, global dunnage paper bag market can be segmented as: Truck, Overseas & Railway
Asia Pacific to register high sales in the dunnage paper bags market
Dunnage paper bags have seen maximum growth in sales in the past few years in the Asia Pacific region. Growing expectations of local consumers for ‘value for money’, has compelled logistics service providers in the region to opt for protective packaging solutions such as dunnage paper bags. Growing urbanizations in the fast emerging economies of India and China has created more demand for in transit damage protection solutions such as dunnage paper bags. Dunnage paper bags have therefore witnessed maximum usage by packers & movers. In addition, the future usage of dunnage paper bags in the Asia Pacific region is expected to be higher, owing to its cost effective nature.
Dunnage Paper Bag Market: Key Players
Some of the key players in the dunnage paper bag market are as follows:
Litco International, Inc.,Bates Cargo-Pak ApS,Cordstrap B.V.,Green Label Packaging,Atmet Group Inc.,Stopak India Pvt. Ltd. & Etap Packaging International GmbH
Download the sample copy of Report with table of contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9648