Stretch wraps, commonly referred to as pallet wraps, are a form of plastic sheet used to maintain the stability and solidity of a pallet’s contents during travel. The industry for pallet wrap has grown as a result of the rising demand for economical packaging solutions. Pallet wrap market size is anticipated to increase by 4% CAGR from US$6.14 billion in 2023 to US$9.12 billion in 2033.
Pallet wraps are becoming more and more in demand as a result of the increased global movement of goods brought on by the growth of e-commerce and online retail. The expansion of global trade and the requirement for dependable and secure export packaging
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Pallet wraps come in a variety of styles, including pre-stretch, machine-stretch, and hand-stretch wraps. Machine-stretch wraps are wrapped using a machine, offering a more dependable and efficient wrapping procedure than hand-stretch wraps, which are actually wrapped around a pallet. Pre-stretch wraps contain a higher elastomeric content and are stretched before use to give a tighter, more secure wrap.
Pallet coverings that are biodegradable and recyclable were created in response to the increased need for ecologically friendly packaging options. Because these wrappers are compostable and comprised of plant-based ingredients like corn starch, they have a lower environmental impact than other types of packaging.
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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.
Key Players:
- Intertape Polymer Group Inc.
- Berry Global Inc.
- Scientex Berhad
- Aep Industries Inc.
- Sigma Stretch Film Corp.
- Coveris
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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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