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 pallet wrap market 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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There are several different types of pallet wraps, including hand-stretch, machine-stretch, and pre-stretch wraps. As opposed to hand-stretch wraps, which are physically wrapped around a pallet, machine-stretch wraps are wrapped using a machine, providing a more reliable and effective wrapping operation. Pre-stretch wraps are stretched before use to provide a tighter, more secure wrap and have a higher elastomeric content.
The growing need for environmentally friendly packaging choices led to the development of biodegradable and recyclable pallet coverings. These wrappers are made of plant-based materials like corn starch and are compostable, which reduces the environmental impact of packaging waste.
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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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