Press release
Pallet wrap Market at a Highest CAGR with Top Players | Intertape Polymer Group Inc., Berry Global Inc.,Scientex Berhad, Aep Industries Inc., Sigma Stretch Film Corp. and More
Pallet wrap Market is expected to gain market growth at a CAGR of 6.0% in the forecast period to 2031, Pallet wrap is basically made from low density polyethylene and is used to wrap products that are utilized in the wrapping of goods onto the pallet. They aid in reducing product loss, remove load tampering and reducing injury to the worker. Its elasticity makes the product tightly bound, secure and safe.
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The market value is being propelled by factors such as decreased manufacturing costs and the introduction of advanced sensors integrated into pallet wraps, enabling product height detection and weight management. Additionally, the adoption of advanced packaging machines enhances packaging speed, further fueling market demand. Nevertheless, the market growth rate may face obstacles due to high operational costs.
The expansion of production to accommodate higher line speeds and the use of wider, thinner films has created profitable opportunities for market growth in pallet wraps. However, the projected need for a skilled workforce is expected to hinder the market's growth rate, presenting challenges for its expansion.
Top Key Competitors of Pallet wrap market:
Pearlice Cold Chain Private Limited,
Allied Propack Private Limited,
Beacon Industries.,
Stamar Packaging,
Riverside Paper Co. Inc.,
SJF Ventures,
Associated Bag,
Mil-Spec Packaging of GA Inc.,
Complete Packaging & Shipping Supplies, among others.
The global pallet wrap market encompasses various segments:
Thickness categories include 45 mm.
Product segmentation consists of hand wrap rolls and machine rolls.
Types are classified into one-time use and reusable.
Materials encompass polyethylene, polypropylene, polyethylene terephthalate, polyamide, and PVdC.
Film types are divided into blow film and cast film.
Machines include pallet stretch wrappers and pallet shrink wrappers.
Automation options range from automatic, semi-automatic to manual.
End-users span across industries such as food and beverage, pharmaceuticals, chemicals and fertilizers, personal care and cosmetics, consumer goods, automotive, and electrical and electronics.
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North America is anticipated to maintain its leading position in the pallet wrap market, driven by increasing demand from key sectors like food and beverages, construction, pharmaceuticals, and health supplements. Meanwhile, Asia-Pacific is expected to experience significant growth, fueled by heightened demand within the packaging industry.
Noteworthy industry developments include:
In 2023, Coveris, an Austrian packaging company, unveiled its latest sustainable stretch films, Unterland R and Unterland Crystal, tailored for silage bale wrapping. These films prioritize sustainability, utilizing renewable resources in their production.
In 2021 saw Revolution's expansion with the acquisition of Five Points Film, a Tennessee-based stretch film manufacturer. This move broadened Revolution's product range and customer base, leveraging Five Points' reputation for quality and innovation, including the incorporation of post-consumer material in their products.
Cortec introduced Eco Wrap in 2021, a compostable industrial-grade machine stretch film designed for pallet preparation in storage, inventory, or shipment. This initiative aims to promote sustainability in packaging solutions.
In 2020, BASF and Fabbri Group collaborated to develop certified compostable cling film for fresh food packaging. This sustainable film contributes to greenhouse gas reduction, minimizes food waste, and supports organic recycling.
Table of Content:
Introduction
Key Findings of the Study
Value Chain of the Pallet Wrapping Film Market
Global Pallet Wrapping Film Market-Segmentation by Type
Global Pallet Wrapping Film Market-Segmentation by Application
Global Pallet Wrapping Film Market-Segmentation by Marketing Channel
Competitive Intelligence A Company Profiles
Global Pallet Wrapping Film Market-Segmentation by Geography
Appendix
Methodology
Research Data Source
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Contact Us:
Robin
Sales Manager
+ 91-996-067-0000
+312-313-8080
sales@theresearchinsights.com
About US:
The Research Insights - A world leader in analysis, research and consulting that can help you renew your business and change your approach. With us you will learn to make decisions with fearlessness. We make sense of inconveniences, opportunities, circumstances, estimates and information using our experienced skills and verified methodologies. Our research reports will provide you with an exceptional experience of innovative solutions and results. We have effectively led companies around the world with our market research reports and are in an excellent position to lead digital transformations. Therefore, we create greater value for clients by presenting advanced opportunities in the global market.
Get Free Sample Report@ https://www.theresearchinsights.com/request_sample.php?id=534487
The market value is being propelled by factors such as decreased manufacturing costs and the introduction of advanced sensors integrated into pallet wraps, enabling product height detection and weight management. Additionally, the adoption of advanced packaging machines enhances packaging speed, further fueling market demand. Nevertheless, the market growth rate may face obstacles due to high operational costs.
The expansion of production to accommodate higher line speeds and the use of wider, thinner films has created profitable opportunities for market growth in pallet wraps. However, the projected need for a skilled workforce is expected to hinder the market's growth rate, presenting challenges for its expansion.
Top Key Competitors of Pallet wrap market:
Pearlice Cold Chain Private Limited,
Allied Propack Private Limited,
Beacon Industries.,
Stamar Packaging,
Riverside Paper Co. Inc.,
SJF Ventures,
Associated Bag,
Mil-Spec Packaging of GA Inc.,
Complete Packaging & Shipping Supplies, among others.
The global pallet wrap market encompasses various segments:
Thickness categories include 45 mm.
Product segmentation consists of hand wrap rolls and machine rolls.
Types are classified into one-time use and reusable.
Materials encompass polyethylene, polypropylene, polyethylene terephthalate, polyamide, and PVdC.
Film types are divided into blow film and cast film.
Machines include pallet stretch wrappers and pallet shrink wrappers.
Automation options range from automatic, semi-automatic to manual.
End-users span across industries such as food and beverage, pharmaceuticals, chemicals and fertilizers, personal care and cosmetics, consumer goods, automotive, and electrical and electronics.
Get Exclusive Discount@ https://www.theresearchinsights.com/ask_for_discount.php?id=534487
North America is anticipated to maintain its leading position in the pallet wrap market, driven by increasing demand from key sectors like food and beverages, construction, pharmaceuticals, and health supplements. Meanwhile, Asia-Pacific is expected to experience significant growth, fueled by heightened demand within the packaging industry.
Noteworthy industry developments include:
In 2023, Coveris, an Austrian packaging company, unveiled its latest sustainable stretch films, Unterland R and Unterland Crystal, tailored for silage bale wrapping. These films prioritize sustainability, utilizing renewable resources in their production.
In 2021 saw Revolution's expansion with the acquisition of Five Points Film, a Tennessee-based stretch film manufacturer. This move broadened Revolution's product range and customer base, leveraging Five Points' reputation for quality and innovation, including the incorporation of post-consumer material in their products.
Cortec introduced Eco Wrap in 2021, a compostable industrial-grade machine stretch film designed for pallet preparation in storage, inventory, or shipment. This initiative aims to promote sustainability in packaging solutions.
In 2020, BASF and Fabbri Group collaborated to develop certified compostable cling film for fresh food packaging. This sustainable film contributes to greenhouse gas reduction, minimizes food waste, and supports organic recycling.
Table of Content:
Introduction
Key Findings of the Study
Value Chain of the Pallet Wrapping Film Market
Global Pallet Wrapping Film Market-Segmentation by Type
Global Pallet Wrapping Film Market-Segmentation by Application
Global Pallet Wrapping Film Market-Segmentation by Marketing Channel
Competitive Intelligence A Company Profiles
Global Pallet Wrapping Film Market-Segmentation by Geography
Appendix
Methodology
Research Data Source
Buy Complete Report@ https://www.theresearchinsights.com/checkout?id=534487
Contact Us:
Robin
Sales Manager
+ 91-996-067-0000
+312-313-8080
sales@theresearchinsights.com
About US:
The Research Insights - A world leader in analysis, research and consulting that can help you renew your business and change your approach. With us you will learn to make decisions with fearlessness. We make sense of inconveniences, opportunities, circumstances, estimates and information using our experienced skills and verified methodologies. Our research reports will provide you with an exceptional experience of innovative solutions and results. We have effectively led companies around the world with our market research reports and are in an excellent position to lead digital transformations. Therefore, we create greater value for clients by presenting advanced opportunities in the global market.
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