Market for Dunnage Tray is expected to reach US$ 2.6 Bn by 2029

ankush December 2, 2022December 2, 2022

The global dunnage tray market is vying to reach US$ 2.6 Bn by the year 2029 at a CAGR of 4.3% between 2022 and 2029. Dunnage trays have been witnessing a sizable demand for the last few years, particularly to process automotive parts on the shop floor. Automotive manufacturing process implies a robot that takes the components out of the tray and feeds them directly into the assembly line. These days, there are reusable dunnage trays that are 100% recyclable. These reusable dunnage trays could be treated as capital investment.

Notwithstanding, organizations have presented an improved arrangement by giving reusable dunnage trays that are 100 percent recyclable. These reusable dunnage trays are planned uniquely to safeguard spare parts and other comparative material during the assembling system, can be re-utilized, and are treated as capital venture.

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Key Takeaways of Dunnage Trays Market Study

Dunnage trays market has been witnessing significant growth in demand for custom-designed dunnage trays, with cavities that can be shipped and unloaded at the assembly line.
Automotive industry remains the prominent end-use industry, followed by healthcare & pharmaceuticals, in global dunnage trays market.
Polypropylene (PP) continues to be preferred over the high-density polyethene (HDPE) among manufacturers of dunnage trays. This is attributable to industry experts declaring polypropylene as a tough and robust material with suitable properties such as good heat & puncture resistance and strength for manufacturing dunnage trays.

Increasing implementation of robotic technology in manufacturing, especially in the automotive industry has been a driving force for sales of customized dunnage trays, as assembly line are replaced by robots. The thriving electric vehicle (EV) market is anticipated to contribute substantially to the growth of the dunnage trays market in the foreseeable future.

Players in Dunnage Trays Market Focus on Product Durability and Reusability

The primarily role of a dunnage tray is to safeguard the cargo during the transit, and this packaging solution can withstand external factors such as heat (especially during the manufacturing process), giving confidence to end-users, and increasing its use in extreme climatic conditions. Dunnage trays can last for many years, ultimately saving costs by reducing the need for frequent repurchase.

Thus manufacturers in the dunnage trays market focus on use of sustainable materials, which are hygienic and easy to clean, with an aim to improve their product sales. Prominent manufacturers in the dunnage tray are using High-density Polyethylene (HDPE), as this easily recyclable material helps to protect stored parts against electrostatic discharge from charged surfaces and grounded items nearby, which could lead to undesired accidents or loss of sensitive electronic devices and sensors.

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Dunnage Trays Demand Analysis (2014 to 2021) Vs Market Outlook (2022 to 2029)

Dunnage tray manufacturers are witnessing hoards of opportunities in the form of enhanced production capacity and quick tech-enabled transformation. The automobile vertical does hold the largest market share in terms of revenue. The growth of manufacturing sector is directly proportional to demand for packaging and logistics. As such, dunnage trays would be witnessing a growth-oriented normal in the upcoming period.

The thermoformed dunnage trays could be designed for stacking and rotating. In other words, there does exist a clearance between tray’s bottom and product’s top during stacking. Thus, superior protection of product is rendered at the time of shipping and handling.

Competitive Landscape

The global dunnage tray market is fairly competitive with regards to organic growth.