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.
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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.
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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
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the global dunnage paper bags market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with dunnage paper bags market attractiveness as per segments. The report also maps the qualitative impact of various factors on dunnage paper bags market segments and geographies
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This post was originally published on Analytics News