The latest market report published by Constancy Researchers “Global Steel Dunnage Packaging Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities,Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Steel Dunnage Packaging Market: Overview
The global steel dunnage packaging market was valued at US$ XX Million in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global steel dunnage packaging market is anticipated to witness lucrative growth in the years to come due to the rapid industrialization in the emerging economies along with the rising demand for steel dunnage packaging from numerous end use industries including healthcare, food & beverages, and others. Furthermore, the growing urbanization and enhanced demand for steel dunnage packaging in the Asia Pacific region are some other key factors for the growth of the steel dunnage packaging market during the forecast period. Moreover, the emergence of new technologies coupled with increased demand for eco-friendly packaging are some of the key opportunities for the global steel dunnage packaging market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global steel dunnage packaging market growth in the years to come.
Global Steel Dunnage Packaging Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global steel dunnage packaging market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global steel dunnage packaging market, the demand for steel dunnage packaginghas decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
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Global Steel Dunnage Packaging Market: Report Highlights
- On the basis of application, in the steel dunnage packaging market, the automotive category had a substantial share in the global market in 2020 and is estimated to continue its significant growth over the forecast period. Besides, the electronics category is estimated to witness lucrative growth during the forecast period.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to witness substantial growth over the upcoming years. This is majorly due to the rising demand for reusable packaging solutions and the increased demand for steel dunnage packaging from food & beverages, healthcare, and other industries in the region. On the other flip, North America and Europe is estimated to witness substantial growth over the upcoming years.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global steel dunnage packaging market.
- As per the research by Constancy Researchers Private Limited, the global steel dunnage packaging market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Steel Dunnage Packaging Market
- DS Smith
- Menasha Corporation
- Schoeller Allibert
- Myers Industries
- Nefab Group
- UFP Technologies
- Reusable Transport Packaging
- Amatech Inc.
- Mjsolpac Ltd.
- Rehrig Pacific Company
- Ckdpack Packaging Inc.
- Gwp Group
- Interior Packaging Design, LLC
- Packaging Corporation of America
- Dunnage Engineering
- Salco Engineering & Mfg.
- Package Design & Manufacturing
- Keener Corporation
- Jida Industrial Solutions
- Artisanz Fabrication and Machine, LLC
- Others
Global Steel Dunnage Packaging Market:Segmentation
Constancy Researchers Private Limited has segmented the global steel dunnage packaging market on the basis of application, and regional analysis-
Global Steel Dunnage Packaging Market: By Application
- Automotive
- Aerospace
- Electronics
- Food & Beverage
- Consumer Durables
- Healthcare
- Others
Global Steel Dunnage Packaging Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
