The global timber wrap films market is set to be worth around US$ 464.8 million in the present year 2023. As per the global timber wrap market analysis report released by FMI, it is projected to register a CAGR of 4.3% during the forecast period. Further, this report predicts the overall valuation of the market to reach up to US$ 714.2 million by the end of 2033.
In its recently released study titled “Timber Wrap Films Market: Global Industry Analysis 2023-2033 and Opportunity Assessment 2023-2023,” Future Market Insights provides crucial data on the market for wood wrap films. The global Timber Wrap Films Market is anticipated to grow in terms of revenue at a CAGR of about 4.3% over the course of the forecast period due to a variety of reasons, about which FMI provides in-depth insights and projections in its report on the Timber Wrap Films Market.
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Competitive Landscape:
Key players profiled in the report timber wrap films market include – RKW SE, Balcon Plastics Limited, Ab Rani Plast Oy., Polytarp Product, SCOTT Lumber Packaging, LLC, InterWrap Inc., Flexpak Corp., Inteplast Group, Multifab Packaging, Trioplast Industrier AB, Polymax, Inc., Davidson Plastics Ltd., Flexoplas Packaging Limited, Polyprint Packaging Limited, Pak-Line Limited, Pakaflex Pty Limited, Tri Pac Inc., and Intertape Polymer Group Inc.
Timber wrapping film is an effective packaging solution that protects timber during storage and shipment. Timber wrap films are used to protect timber from moisture and external elements, which can affect the finishing of the product.
Timber wrap films with high friction are used to provide anti-slip protection to timber packaging. High strength & barrier films are used for timber packaging to enhance the quality of the packaging. Basically, timber wrap films are designed to protect timber from extreme weather conditions and handling damage.
In the timber wrap films market report, FMI suggests that the growing use of wood for furniture, building & construction, packaging, and as a source of energy is driving the demand for timber, which further fuels the demand for timber wrap films during the forecast period. The timber wrap films market has been segmented on the basis of thickness and material type.
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Scope of the Report
The North America timber wrap films market is heavily driven by the United States. The demand for the timber in the U.S. was unexpectedly high last year and the same scenario is expected to be witnessed in the current year due to the high demand created by the housing sector. This factor is expected to drive the growth of the global timber wrap films market during the next decade.
Forests play an important role in the socio-economic development of a country. They are highly rich sources of firewood, timber, energy, and other products. Round wood, industrial round wood, and sawn wood are some of the major forest products that have high demand from end users.
Key Segmentations-
by Thickness:
- Up to 75 Micron
- 76 to150 Micron
- 151 to 225 Micron
- Above 225 Micron
by Material Type:
- Polyethylene (PE)
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Polypropylene (PP)
The transportation of these products and preventing them from moisture are major issues faced by exporters. This is expected to drive the demand for timber wrap films due to their characteristics such as enhanced barrier resistance against moisture, cost efficiency, and lightweight qualities.
The rising demand for storage, loading, and transportation of timber is expected to fuel the growth prospects of the timber wrap films market. Also, to prevent wood warping, timber wrap films are the optimum solution. For wooden furniture manufacturers, warping of timber products is a serious problem. This generally happens during transportation and results in financial losses to the manufacturers.
This issue can be prevented with proper transportation of timber by using timber wrap films. Timber wrap films are wrapped around the timber, which prevents them from coming in contact with moisture. This factor is expected to drive the growth of the global timber wrap films market during the forecast period.
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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