Pallet wraps, also known as stretch wraps or stretch films, are crucial packaging materials widely used in logistics, shipping, and warehousing industries. These wraps are designed to secure and stabilize palletized loads during transit or storage. Pallet wraps come in various materials, thicknesses, and types, providing flexibility to meet the specific needs of different applications.
Over the next ten years, the size of the Pallet Wraps Market in Australia is anticipated to expand at a CAGR of 3.0%. The market is expected to have grown from US$ 361.9 million in 2023 to US$ 468.1 million in 2032. It was valued at US$ 350.4 million in 2022, and in 2023 it is expected to rise by 3.3% year over year.
The development of mono-material wraps is expected to strengthen the market for pallet wraps in the country. Pallet wraps are used to secure and protect goods during transport and storage and are typically made of multiple layers of materials. A few of these include plastic, paper, and foil.
It offers increased productivity at lower prices. As a result, the government of Australia supports bio-products and environmental programs, which will benefit suppliers of pallet wrap. In the following ten years, they can create new biodegradable pallet wraps.
Pallet wraps are difficult to recycle and can contribute to environmental pollution. Mono-material pallet wraps, on the other hand, are made from a single material such as polyethylene or polypropylene and are much easier to recycle. Consumers & businesses are becoming more environmentally conscious, and are looking for packaging solutions that are both effective and environmentally friendly.
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Key Trend
The surge in online retail and the expanding e-commerce landscape has driven a heightened demand for effective packaging solutions, highlighting the importance of pallet wraps in guaranteeing the secure and reliable delivery of merchandise. Pallet wraps play a pivotal role in the logistics chain, serving as indispensable tools for safeguarding and preserving products during both transit and storage phases.
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Growth Factors
By allowing for better airflow and reducing the need for excess packaging materials, ventilated pallet wrapping can help to reduce the environmental impact of packaging processes. Fresh produce is essential for human well-being.
Fruit and vegetable ventilated pallet wrapping is gaining traction in the Australian packaging sector. It offers several advantages over traditional pallet wrapping. It also allows for better airflow around the product, which can help to reduce spoilage and extend the shelf life.
Despite this, several adults in the country fail to meet national fresh produce consumption standards, putting their health at risk. As a result, it is critical to ensure that consumers have access to fresh, nutritious food rather than permitting it to go to waste.
Ventilated stretch pallet wraps provide the same benefits as traditional wraps by securing palletized goods while allowing goods to breathe. These can keep fruits & vegetables fresh and appealing, which would spur their demand.
Competitive Landscape:
A few of the market players featured in the report are Sealed Air Corporation, Pro-Pac Packaging Limited, Visy Boxes & More, Omni Group Pty Ltd, Great Wrap, Signet, FROMM Packaging Australia, and others. Tier 3 players in the market hold 29 to 36% of the Australian pallet wraps market share.
Pallet wrap companies in the country are focusing on optimizing their manufacturing and distribution processes to reduce costs & improve efficiency. This includes investing in automation and robotics for pallet wrapping, which can save time and labor expenses. By streamlining operations, companies can offer competitive pricing and faster turnaround times to customers.
There are several start-ups in the pallet wrap industry in Australia that have been gaining attention for their innovative products. Here are a few of them:
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Market Outlook by Category:
By Materials:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyamide (PA)
- Polyvinylidene Chloride (PVDC)
By Thickness:
- < 15 mm
- 15 to 30 mm
- 31 to 45 mm
- > 45 mm
By Product Type:
- Hand Wrap Rolls
- Machine Rolls
By Film Type:
- Blown Film
- Cast Film
By End Use:
- Food & Beverages
- Pharmaceuticals
- Chemicals & Fertilizers
- Personal Care & Cosmetics
- Automotive
- Electrical & Electronics
- Others Industrial (Textile and Handicraft)
