Stretch wraps, commonly referred to as pallet wraps, are a kind of plastic film that is used to hold things on a pallet steady and secure during transit. Recent years have seen a rise in the market for pallet wraps as a result of the rising need for packaging options that are both effective and economical. From 2023 to 2033, the pallet wraps market is anticipated to grow at a 4% CAGR, from US$ 6.14 billion in 2023 to US$ 9.12 billion in 2033.
Pallet wraps are increasingly in demand as a result of increased international shipping of goods brought on by the growth of e-commerce and online retail. The requirement for safe and secure packaging for exports as well as the expansion of international trade have further fueled the market’s expansion.
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There are various types of pallet wraps available, including hand-stretch wraps, machine-stretch wraps, and pre-stretch wraps. Hand-stretch wraps are manually wrapped around a pallet, while machine-stretch wraps are wrapped using a machine, providing a more efficient and consistent wrapping process. Pre-stretch wraps are made with a higher percentage of elastomeric material and are stretched before use, providing a tighter and more secure wrap.
The increasing demand for environmentally friendly packaging solutions has led to the development of biodegradable and recyclable pallet wraps. These types of wraps are made from plant-based materials, such as corn starch, and are compostable, reducing the environmental impact of packaging waste.
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The pallet wraps market is highly competitive, with a large number of manufacturers operating in the industry. Major players in the market include Berry Global, Inc., AEP Industries Inc., Intertape Polymer Group, Inc., and Mauser Group B.V. These companies are investing in research and development to improve the strength and performance of their products, and to develop new, innovative solutions for the market.
In conclusion, the market for pallet wraps is expected to continue growing in the coming years, driven by the increasing demand for efficient and sustainable packaging solutions. The development of environmentally friendly wraps and advances in technology will also play a key role in shaping the future of the market.
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Key Players:
- Intertape Polymer Group Inc.
- Berry Global Inc.
- Scientex Berhad
- Aep Industries Inc.
- Sigma Stretch Film Corp.
- Coveris
Key Segments of Pallet Wraps Industry Survey
Pallet Wraps Market by Thickness:
- <15 mm Pallet Wraps
- 15-30 mm Pallet Wraps
- 31-45 mm Pallet Wraps
- >45 mm Pallet Wraps
Pallet Wraps Market by Product:
- Hand Wrap Rolls
- Machine Rolls
Pallet Wraps Market by Film:
- Blown Film Pallet Wraps
- Cast Film Pallet Wraps
Pallet Wraps Market by Material:
- Polyethylene Pallet Wraps
- LLDPE
- LDPE
- HDPE
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