Global Timber Wrap Market – Industry Trends and Forecast to 2029

Global Timber Wrap Market, By Product Type (HDPE Wrap Films, LDPE Wrap Films, PP Wrap Films), Application (Timber Manufacturer, Timber Wholesaler, Others) – Industry Trends and Forecast to 2029.

Global Timber Wrap Market Analysis and Size

Timber wrapping is a solid and effective packaging solution for sawn and planed wood during transit and storage. The film protects completed goods from being moist, dirty, or mold-infested. Simultaneously, the product range offers additional film features, such as high friction, to give outstanding anti-slip protection. Timber films are also a sort of flexible packaging used to wrap timbers. Flexible packaging is gaining a competitive advantage in the entire packaging sector, and the market for timber wrap films is projected to benefit from shifting market dynamics. 

• Data Bridge Market Research analyses that the timber wrap market was valued at USD 407 million in 2021 and is expected to reach USD 578.79 million by 2029, registering a CAGR of 4.50% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Global Timber Wrap Market Definition

A timber wrap film is a type of plastic wrapping with characteristics that appeal to the wood products business. These films are sturdy and durable, making them ideal for safeguarding various items such as plywood and lumber. Due to the sealant layer on top of the product being wrapped to protect it from any leaks or spills, they can also protect it from moisture damage.

Report Scope and Market Segmentation

Timber Wrap Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rise in the Demand for Adequate Storage, Transportation, Loading, and Unloading of Timber

The timber wrap market has benefited from increased demand for adequate storage, transportation, loading, and unloading of timber. Exporters confront enormous challenges in transporting these products and protecting them from dampness. Due to improved moisture barrier resistance, cost-effectiveness, and lightweight qualities, this is likely to stimulate demand for timber wrap films. 

• Increasing Preference for Environment Friendly Packaging

Players are using environmentally friendly packaging credits to boost their growth. As a result, they are concentrating on developing biodegradable timber wrap films to reduce plastic pollution and improve manufacturing sustainability. These are a few key developments that are predicted to alter the timber wrap films market dynamics, particularly in terms of profitability.

Furthermore, rising urbanization and increasing disposable income will drive the market's growth. Also, the ability of timber wrap to enhance the shelf-life and maintain the quality of timber will cushion the growth rate of timber wrap market. Another significant factor influencing the market's growth rate is the expansion of construction industry and increase in industrialization.

Opportunities

• Technological advancement

The worldwide timber wraps market is likely to rise strongly due to increase in technological advancement which is expected to offer lucrative prospects throughout the forecast period. To better moisture control, players are attempting to make timber wrap films seal packed using modern perforation technologies such as laser.

The globalization and lightweight, as well as damage-resistant features of timber wrap films, will boost new market opportunities for the market's growth rate. Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.

Restraints/ Challenges Global Timber Wrap Market

On the other hand, the high cost associated with the product will impede the market's growth rate. Along with this, fluctuating prices of raw material will further limit the growth rate of market. The negative impact of COVID-19 outbreak on supply chain and lack of awareness will act as market restraint and further challenge the market growth rate.   

This timber 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 the timber 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.

COVID-19 Impact on Timber Wrap Market

The current COVID-19 pandemic significantly impacted the worldwide timber wrap business. Because of the growing worry about the spread of coronavirus, the manufacturing and construction industries have been subjected to stringent controls. The COVID-19 outbreak had a negative impact on the building industry. In addition, the demand for timber wraps is strongly related to the increase of construction and infrastructure development. According to world bank estimates, global GDP has dropped by around 3.5 percent in 2020 due to the COVID-19 outbreak. By 2021, various countries' economies had begun to recover and had partially adjusted to pandemic limitations. Vaccine research and development has made significant progress, and many governments have issued various policies to stimulate economic recovery. This is likely to provide a significant boost to economic activity, particularly in the United States, but the prospects for long-term growth vary greatly between countries and sectors.

Global Timber Wrap Market Scope

The timber wrap market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• HDPE Wrap Films
• LDPE Wrap Films
• PP Wrap Films

On the basis of product type, the timber wrap market is segmented into HDPE wrap films, LDPE wrap films and PP wrap films.

Application

• Timber Manufacturer
• Timber Wholesaler
• Others

The timber wrap market is also segmented on the basis of application into timber manufacturer, timber wholesaler and others.

Timber Wrap Market Regional Analysis/Insights

The timber wrap market is analysed and market size insights and trends are provided by country, product type and application as referenced above.

The countries covered in the timber wrap market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

North America dominates the timber wrap market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing presence of number of consumers available in the U.S. timber that is popularly utilized to design furniture, residential houses, decoration items and shops in this region. 

Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to innovative packaging systems and the increasing focus of government for the development of infrastructure in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Timber Wrap Market Share Analysis

The timber 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 timber wrap market.

Some of the major players operating in the timber wrap market are:

• Davidson Plastics - Plastic Bag and Film Specialists (New Zealand)
• Flexoplas Packaging Ltd (New Zealand)
• Pakaflex Pty Ltd (Australia)
• Multifab Packaging (US)
• Pak-Line Limited (New Zealand)
• Polymax, Inc (US)
• Flex-Pak corporation (US)
• Polytarp Products (Canada)
• Balcon Plastics acrylic and PVC sign holders (UK)
• Inteplast Group (US)
• RKW Group (Germany)
• Ab Rani Plast Oy (Finland)
• Intertape Polymer Group (Canada)
• Tri-Pac, Inc (US)
• InterWrap Inc. (US)
• Polytarp Products (Canada)
• SCOTT Lumber Packaging, LLC (US)