Global Pallet Wrap Market, By Thickness (<15 Mm, 15-30 Mm, 31-45 Mm, >45 Mm), Product (Hand Wrap Rolls, Machine Rolls), Type (One-time Use, Reusable), Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyamide, PVdC), Film (Blow Film, Cast Film), Machine Type (Pallet Stretch Wrappers, Pallet Shrink Wrappers), Automation (Automatic, Semi-Automatic, Manual), End-User (Food and Beverage, Pharmaceuticals, Chemicals and Fertilizers, Personal Care and Cosmetics, Consumer Goods, Automotive, Electrical and Electronics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Pallet wrap market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 4.0% in the above-mentioned forecast period.
Pallet wrap is basically made from low density polyethylene and is used to wrap products that are utilized in the wrapping of goods onto the pallet. They aid in reducing product loss, remove load tampering and reducing injury to the worker. Its elasticity makes the product tightly bound, secure and safe.
The factors such as reduction of manufacturing cost along with the innovation of advanced sensors equipped with pallet warps help to detect the product height and manages weight are driving the growth in the market value. Moreover, advance packaging machines increases the packaging speed and further induce the demand for the market. However, the high operational costs will create hindrances for the market growth rate.
The increased production for higher line speeds of wider and thinner films has enabled increased production of pallet wraps generate profitable opportunities for the growth of the market. The requirement of skilled workforce is projected to further dampen the market growth rate, resulting in generating challenges for the market’s growth rate.
This pallet wrap market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pallet wrap market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pallet Wrap Market Scope and Market Size
Pallet wrap market is segmented on the basis of thickness, product, type, material, film, machine type, automation and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of thickness, pallet wrap market is segmented into <15 mm, 15-30 mm, 31-45 mm and >45 mm.
- On the basis of product, the market is segmented into hand wrap rolls and machine rolls.
- On the basis of type, the market is segmented into one-time use and reusable.
- On the basis of the material, the pallet wrap market is segmented into polyethylene, polypropylene, polyethylene terephthalate, polyamide and PVdC.
- On the basis of film, the market is segmented into blow film and cast film on the basis of film type.
- Based on machine, pallet market is segmented into pallet stretch wrappers and pallet shrink wrappers.
- On the basis of automation, the market is segmented into automatic, semi-automatic and manual.
- Based on end-user, pallet wrap market is segmented into food and beverage, pharmaceuticals, chemicals and fertilizers, personal care and cosmetics, consumer goods, automotive and electrical and electronics.
Pallet Wrap Market Country Level Analysis
The pallet wrap market is analyzed and market size insights and trends are provided by thickness, product, type, material, film, machine, automation and end-user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is estimated to dominate the pallet wrap market and will continue to flourish its trend of dominance during the forecast period due to the rising demand from the end-user industries such as food and beverages, construction, pharmaceutical and health supplement. Asia-Pacific is projected to show lucrative growth due to rising demand from the packaging industry.
The country section of the pallet wrap market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pallet Wrap Market Share Analysis
The pallet wrap market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pallet wrap market.
Some of the major players operating in the pallet wrap market report are Pearlice Cold Chain Private Limited , Allied Propack Private Limited, Beacon Industries., Stamar Packaging, Riverside Paper Co. Inc., SJF Ventures, Associated Bag, Mil-Spec Packaging of GA, Inc., Complete Packaging & Shipping Supplies, Natural Value Inc., Four Star Plastics, American Mfg Company, S. C. Johnson & Son, Inc., The Clorox Company, Polyvinyl Films, Inc., ChicWrap, Sun Packaging Technologies, Inc., and APEX Packaging Corporation among others.