Australia Pallet Wraps Market Outlook (2023 to 2032)

The Australia pallet wraps market size is expected to surge at a CAGR of 3.0% in the next ten years. The market is projected to increase from USD 361.9 million in 2023 to USD 468.1 million by 2032.

It was valued at USD 350.4 million in 2022, and is anticipated to exhibit y-o-y growth of 3.3% in 2023. As per Future Market Insights (FMI), the polyethylene (PE) segment by material held a share of about 78.3% in 2022 in the market.

In today’s world, due to high demand and consumption, need for transportation and packaging of materials is increasing rapidly. Owing to rising demand for packaging, manufacturers are aiming for the adoption of automation in their end-of-line packaging systems.

It offers high productivity with reduced costs. Hence, the government of Australia supports sustainability initiatives and bio-products, which will create an opportunity for pallet wrap manufacturers. They can develop new biodegradable pallet wraps in the next ten years.

The market is projected to create an extraordinary incremental growth opportunity of USD 117.7 million in the evaluation period. It is also predicted to expand 1.3 times the current value during the forecast period.

Growing prominence of e-commerce in Australia and the consequent surge in online retail activities have significantly influenced demand for pallet wraps. With a greater number of goods being shipped across vast distances, ensuring safe transportation of products is paramount. Pallet wraps provide stability and containment for stacked pallets, ensuring that products remain intact throughout the complex delivery process.

Need for cost-effective solutions would also contribute to rising demand for pallet wraps. Australia-based businesses are constantly seeking ways to optimize their packaging expenses without compromising on quality.

Pallet wraps, with their ability to securely protect goods, offer a cost-effective alternative to more expensive packaging methods. At the same time, they can ensure reliable product containment and minimize potential losses, which would spur their demand.

Attribute Details
Australia Pallet Wraps Market Estimated Size (2023E) USD 361.9 million
Projected Market Valuation (2032F) USD 468.1 million
Value-based CAGR (2023 to 2032) 3.0%
Collective Value Share: Top 5 Companies (2022A) 60 to 65%

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A few factors propelling pellet wrap sales in Australia are

  • High demand for customizable packaging options as offered by pallets is anticipated to bolster sales.
  • Growing focus on improving operational efficiency in the packaging process is likely to aid demand.
  • Increasing complexity of supply chains and logistics operations across Australia is anticipated to spur sales.
  • Need for secure and protected packaging during transit is a key factor propelling demand.
  • Emphasis on cost-effective packaging solutions in Australia is estimated to create new growth opportunities.
  • Compliance with regulatory requirements and industry standards is anticipated to drive the market.
  • Enhanced product presentation and branding opportunities in Australia is set to be a vital driving factor.

How Will Sales of Pallet Wraps in Australia between 2017 and 2022 Outpace Demand from 2023 to 2032?

The Australia pallet wraps industry showcased a CAGR of 1.9% during the historical period. It stood at a valuation of USD 350.4 million in 2022 from USD 315.7 million in 2017.

Over the years, the market has grown significantly, driven by increasing trade and need for efficient packaging solutions. The market is characterized by the presence of numerous small and large players who offer a wide range of products to cater to different needs.

Demand for pallet wraps in Australia has been primarily pushed by need for cost-effective and efficient packaging solutions for transporting goods over long distances. Pallet wraps offer various benefits such as protection from moisture, dust, and dirt, as well as ensuring the stability of goods during transportation.

The food & beverage sector is one of the key end users of pallet wraps in Australia. Growing trend for online shopping and rise of e-commerce in the country are also expected to offer significant growth opportunities to pallet wrap vendors in the evaluation period.

Adoption of sustainable and eco-friendly packaging solutions is further expected to drive growth in Australia. Companies are increasingly investing in research & development to create innovative and sustainable packaging materials. These are estimated to gain immense popularity among today’s consumers in the expected time frame.

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Top Australia Pallet Wraps Market Trends Listed by Future Market Insights (FMI)

Rising Demand for Packaged Foods to Spur Sales in Australia

Growth in packaged food sales in Australia is likely to have a positive impact on the Australia pallet wraps industry. Pallet wraps are used to secure and protect palletized goods during transportation and storage. Increasing demand for packaged food products is projected to push the need for more pallets for wrapping and securing them for safe transportation.

As demand for packaged food products continues to rise in Australia, need for pallet wraps is also expected to increase. Pallet wraps are an essential component of the packaging sector. Increasing demand for sustainable and eco-friendly packaging solutions is anticipated to make consumers incline toward reusable and recyclable pallet wraps.

Rising Preference for Eco-friendly Packaging Solutions to Create New Growth Avenues

The Australia pallet wraps industry has been witnessing growing demand from various sectors such as food & beverage, pharmaceuticals, automotive, and construction, among others. With increasing focus on sustainability, there was a rising demand for eco-friendly pallet wraps made from biodegradable or recyclable materials. It is projected to impact the market for pallet wraps in Australia with changing consumer preferences.

Growing popularity of bio-based products is hence estimated to push the market. Rising demand for perfect & higher stacking, fast palletizing, safe operation, and reduced labor costs would also generate immense profit for pallet wrap manufacturers in Australia.

Demand for Antibacterial and Antimicrobial Pallet Wraps to Propel Sales in Australia

Antibacterial and antimicrobial pallet wraps have become increasingly popular in Australia. It is due to their ability to provide superior protection against the growth & spread of harmful bacteria and microbes.

Antibacterial wraps are designed to be used in a wide range of sectors, including food & beverage, pharmaceuticals, and healthcare. With more stringent and high regulations in place, businesses are looking for effective solutions to protect products from contamination.

The COVID-19 pandemic had previously heightened the need for effective antibacterial and antimicrobial solutions, particularly in the healthcare sector. Rise of e-commerce has also increased the demand for pallet wraps that can withstand longer transit times. Need to ensure product quality during shipping has surged demand in Australia.

Antibacterial and antimicrobial pallet wraps can provide an additional layer of protection against bacteria and germs during transit. These can further reduce the risk factors of contamination and product spoilage.

Sales of antibacterial and antimicrobial pallet wraps in Australia are expected to continue to surge through 2032. As businesses seek to improve their hygiene standards and protect their products from contamination, these would experience high popularity.

Category-wise Insights

Which is the Highly Preferred Type of Pallet Wrap in Australia?

Machine Rolls to be the Most Popular Type of Stretch Wraps in Australia

Using machine rolls can significantly improve efficiency of the wrapping process. These are especially helpful in large warehouses or distribution centers where numerous pallets need to be wrapped quickly.

Use of machine rolls can help reduce the time and labor required to wrap pallets manually. Rising demand for machine rolls pallet wraps is driven by their ability to improve efficiency, reduce costs, and enhance safety & sustainability.

The segment is anticipated to provide an incremental opportunity of USD 80.9 million during the forecast period. The machine rolls product type segment is estimated to register a CAGR of 3.0% between 2023 and 2032.

Which Pallet Wrap Film Reigns Supreme as the Top Pick in Australia?

Cast Films to be Extensively Used in Reusable Pallet Wraps Owing to their Cost-effectiveness

Low cost of cast film makes it an attractive option for companies that need to keep their packaging costs reduced. The segment is anticipated to create an incremental opportunity of USD 83.1 million during the assessment period.

Growing emphasis on sustainability and eco-friendly practices in the Australia pallet wrap industry is also driving demand for cast films. Several cast films are manufactured using thinner gauges, reducing material consumption while maintaining strength and performance.

It helps in reducing waste generation and contributes to a more sustainable packaging solution. Moreover, certain cast films are designed to be recyclable, further aligning with the country’s sustainability goals.

Who is the Most Significant Buyer of Pallet Wraps in Australia?

Food & Beverage Companies to Look for Advanced Pallet Wrap Machines in Australia

The food & beverage segment based on end use is anticipated to remain at the forefront in Australia. The segment is projected to account for 45.5% of the total market share by the end of 2032.

Pallet wraps are widely used in the food & beverage sector to ensure the safe transportation of food products. These are lightweight, which reduces the transportation cost and also saves storage space.

Pallet wraps can also be printed with the company logo, brand name, and other marketing messages. They would further help to create brand awareness and promote the company’s products, thereby pushing sales.

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Competitive Landscape

Australia pallet wraps industry is expected to continue to expand due to increasing demand for efficient and cost-effective packaging solutions in various sectors. These include food & beverage, pharmaceuticals, and logistics sectors. Currently, leading players in the market are gaining high shares by developing innovative and sustainable products.

One of the recent industry developments:

  • In March 2023, Great Wrap, an Australia based pallet wrap manufacturer launched the world's first compostable pallet wrap. It was manufactured by using compostable biopolymers and food waste.

Scope of the Report

Attribute Details
Estimated Market Size (2023) USD 361.9 million
Projected Market Valuation (2032) USD 468.1 million
Value-based CAGR (2023 to 2032) 3.0%
Historical Data 2017 to 2022
Forecast Period 2023 to 2032
Quantitative Units Value (USD million) and Volume (tons)
Segments Covered Material, Thickness, Product Type, Film Type, End Use
Key Companies Profiled Sealed Air Corporation; Omni Group Pty Ltd.; FROMM Packaging Australia; JMP Holdings; Great Wrap; Signet; Pro-Pac Packaging Limited; Visy Boxes & More; Green Master Packaging
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Australia Pallet Wraps Market Outlook by Category

By Material:

  • Polyethylene (PE)
    • LLDPE
    • LDPE
    • HDPE
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyamide (PA)
  • Polyvinylidene Chloride (PVDC)

By Thickness:

  • < 15 mm
  • 15 to 30 mm
  • 31 to 45 mm
  • > 45 mm

By Product Type:

  • Hand Wrap Rolls
  • Machine Rolls

By Film Type:

  • Blown Film
  • Cast Film

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Chemicals & Fertilizers
  • Personal Care & Cosmetics
  • Automotive
  • Electrical & Electronics
  • Others Industrial (Textile and Handicraft)

Frequently Asked Questions

What is the Net Market Worth of the Australia Pallet Wraps Market in 2023?

By 2023-end, the Australia pallet wraps market is estimated to reach a valuation of USD 361.9 million.

What is the Estimated Net Worth of the Australia Pallet Wraps Market by 2032?

The market is estimated to secure a revenue of USD 468.1 million by 2032.

What is the Growth Forecast Rate for the Australia Pallet Wraps Market?

From 2023 to 2032, the market is likely to progress at a CAGR of 3.0%.

What Propels Growth in the Australia Pallet Wraps Market?

High demand for customizable packaging options and a growing focus on improving operational efficiency in the packaging process aids market growth.

Which is the Highly Preferred Type of Pallet Wrap in Australia?

Machine Rolls will be a highly preferred type of pallet wrap in Australia by 2032.

Which Industry is the Key Consumer of Australia Pallet Wraps?

The food & beverages industry is the key consumer of Australian pallet wraps.

Table of Content
	1. Executive Summary
	2. Market Overview
	3. Key Market Trends
	4. Key Success Factors
	5. Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2032
	6. Market - Pricing Analysis
	7. Market Demand (in Value or Size in USD million) Analysis 2017 to 2022 and Forecast, 2023 to 2032
	8. Market Background
	9. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Thickness
		9.1. < 15 mm
		9.2. 15 to 30 mm
		9.3. 30 to 45 mm
		9.4. > 45 mm
	10. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Product Type
		10.1. Hand Wrap Rolls
		10.2. Machine Rolls
	11. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Material
		11.1. Polyethylene (PE)
			11.1.1. LLDPE
			11.1.2. LDPE
			11.1.3. HDPE
		11.2. Polypropylene (PP)
		11.3. Polyethylene Terephthalate (PET)
		11.4. Polyamide (PA)
		11.5. Polyvinylidene Chloride (PVDC)
	12. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Film Type
		12.1. Blown Film
		12.2. Cast Film
	13. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by End Use
		13.1. Food & Beverages
		13.2. Pharmaceuticals
		13.3. Chemicals & Fertilizers
		13.4. Personal Care & Cosmetics
		13.5. Automotive
		13.6. Electrical & Electronics
		13.7. Other Industrial (Textile and Handicraft)
	14. Market Structure Analysis
	15. Competition Analysis
		15.1. Sealed Air Corporation
		15.2. Omillioni Group Pty Ltd
		15.3. FROMM Packaging Australia
		15.4. Signet
		15.5. JMP Holdings
		15.6. Great Wrap
		15.7. Pro-Pac Packaging Limited
		15.8. Visy Boxes & More
		15.9. Green Master Packaging
	16. Assumptions and Acronyms Used
	17. Research Methodology
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