Global Dunnage Air Bags Market 2018-2022 | Industry Analysis and Forecast | Technavio
LONDON--(BUSINESS WIRE)--Oct 3, 2018--The global dunnage air bags market research report by predicts the market to post a CAGR of almost 5% during the period 2018-2022.
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Technavio has published a new market research report on the global dunnage air bags market for the period 2018-2022. (Graphic: Business Wire)
A key driver for the global dunnage air bags market is the rapid growth of the global rail logistics market. During the forecast period, the global rail logistics market is anticipated to grow at a CAGR of over 4%. The growth in rail infrastructure and the low transportation cost are factors that have been boosting the growth of the rail logistics market. Therefore, the growth in the rail logistics operations is expected to increase the demand for dunnage bags to prevent cargo load movement so that the cargo is not damaged.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growth in intermodal freight transportation as one of the key trends in the global dunnage air bags market:
Global dunnage air bags market: Growth in intermodal freight transportation
There has been an increase in the use of intermodal freight transportation owing to its cost advantages when compared with single mode transportation. Intermodal freight transportation is around three times more effective than road transportation. This has encouraged freight forwarders to diversify the mode of transportation by adopting intermodal transportation.
“Intermodal freight transportation is more environment-friendly than road transportation. According to the US Environmental Protection Agency, the use of intermodal rail transportation over road transportation for distances of more than 1000 miles reduces greenhouse gas emissions by 65%. This is expected to boost the intermodal freight transportation market growth, thereby driving the demand for dunnage bags,” says a senior research analyst at Technavio.
Global dunnage air bags market: Segmentation analysis
This dunnage air bags market analysis report segments the market by material (paper, PP, and vinyl) and geography (the Americas, APAC, and EMEA).
The paper segment held the largest dunnage air bags market share in 2017, accounting for about 40% of the market. This material segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with more than 36% of the market share, followed by EMEA and APAC respectively. The Americas are expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 10/03/2018 04:12 PM/DISC: 10/03/2018 04:12 PM