Global Revenue Of Dunnage Air Bags Is Nearly 421 M USD In 2017
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In the last several years, global market of dunnage air bags developed rapidly, with an average growth rate of 4.11%. In 2017, global revenue of dunnage air bags is nearly 421 M USD; the actual production is about 90.24 million units.
The classification of dunnage air bags includes poly-woven type, kraft?paper type, vinyl type, and the proportion of kraft?paper type in 2017 is about 42.40%, and the proportion is in decreasing trend from 2013 to 2017.
Dunnage air bags is widely used in truck, overseas, railway field. The most proportion of dunnage air bags is used in overseas and the proportion in 2017 is about 45.91%.
Europe is the largest consumption place, with a consumption market share nearly 33.75% in 2017. Following Europe, Asia-Pacific is the second largest consumption place with the consumption market share of 25.33%.
Market competition is intense. Cordstrap, Bates Cargo-Pak, Stopak, Bulk-Pack, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.