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 US$ 361.9 million in 2023 to US$ 468.1 million by 2032.
It was valued at US$ 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 US$ 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) | US$ 361.9 million |
| Projected Market Valuation (2032F) | US$ 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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The Australia pallet wraps industry showcased a CAGR of 1.9% during the historical period. It stood at a valuation of US$ 350.4 million in 2022 from US$ 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.
Principal Consultant
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.
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.
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.
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 US$ 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.
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 US$ 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.
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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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:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | US$ 361.9 million |
| Projected Market Valuation (2032) | US$ 468.1 million |
| Value-based CAGR (2023 to 2032) | 3.0% |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2032 |
| Quantitative Units | Value (US$ 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 |
By 2023-end, the Australia pallet wraps market is estimated to reach a valuation of US$ 361.9 million.
The market is estimated to secure a revenue of US$ 468.1 million by 2032.
From 2023 to 2032, the market is likely to progress at a CAGR of 3.0%.
High demand for customizable packaging options and a growing focus on improving operational efficiency in the packaging process aids market growth.
Machine Rolls will be a highly preferred type of pallet wrap in Australia by 2032.
The food & beverages industry is the key consumer of Australian pallet wraps.
1. Executive Summary
1.1. Australia Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Type Innovation / Development Trends
4. Key Success Factors
4.1. Product Type Adoption / Usage Analysis
4.2. Product Type USPs / Features
4.3. Strategic Promotional Strategies
5. Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2032
5.1. Historical Market Volume (tons) Analysis, 2017 to 2022
5.2. Current and Future Market Volume (tons) Projections, 2023 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Pricing Analysis By Material
6.2. Australia Average Pricing Analysis Benchmark
7. Market Demand (in Value or Size in US$ million) Analysis 2017 to 2022 and Forecast, 2023 to 2032
7.1. Historical Market Value (US$ million) Analysis, 2017 to 2022
7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Australia Packaging Market Overview
8.2. Macro-Economic Factors
8.3. Forecast Factors - Relevance & Impact
8.4. Value Chain
8.4.1. Raw Material Suppliers
8.4.2. Pallet Wraps Manufacturers
8.4.3. End User
8.5. COVID-19 Crisis – Impact Assessment
8.5.1. Current Statistics
8.5.2. Short-Mid-Long Term Outlook
8.5.3. Likely Rebound
8.6. Market Dynamics
8.6.1. Drivers
8.6.2. Restraints
8.6.3. Opportunity Analysis
8.7. Australia Supply Demand Analysis
9. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Thickness
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume (‘000 tons) Analysis By Thickness, 2017 to 2022
9.3. Current and Future Market Size (US$ million) and Volume (‘000 tons) Analysis and Forecast By Thickness, 2023 to 2032
9.3.1. < 15 mm
9.3.2. 15 to 30 mm
9.3.3. 30 to 45 mm
9.3.4. > 45 mm
9.4. Market Attractiveness Analysis By Thickness
10. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Product Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume (‘000 tons) Analysis By Product Type, 2017 to 2022
10.3. Current and Future Market Size (US$ million) and Volume (‘000 tons) Analysis and Forecast By Product Type, 2023 to 2032
10.3.1. Hand Wrap Rolls
10.3.2. Machine Rolls
10.4. Market Attractiveness Analysis By Product Type
11. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Material
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume (‘000 tons) Analysis By Material, 2017 to 2022
11.3. Current and Future Market Size (US$ million) and Volume (‘000 tons) Analysis and Forecast By Material, 2023 to 2032
11.3.1. Polyethylene (PE)
11.3.1.1. LLDPE
11.3.1.2. LDPE
11.3.1.3. HDPE
11.3.2. Polypropylene (PP)
11.3.3. Polyethylene Terephthalate (PET)
11.3.4. Polyamide (PA)
11.3.5. Polyvinylidene Chloride (PVDC)
11.4. Market Attractiveness Analysis By Material
12. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Film Type
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ million) and Volume (‘000 tons) Analysis By Film Type, 2017 to 2021
12.3. Current and Future Market Size (US$ million) and Volume (‘000 tons) Analysis and Forecast By Film Type, 2022 to 2032
12.3.1. Blown Film
12.3.2. Cast Film
12.4. Market Attractiveness Analysis By Film Type
13. Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by End Use
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ million) and Volume (‘000 tons) Analysis By End Use, 2017 to 2022
13.3. Current and Future Market Size (US$ million) and Volume (‘000 tons) Analysis and Forecast By End Use, 2023 to 2032
13.3.1. Food & Beverages
13.3.2. Pharmaceuticals
13.3.3. Chemicals & Fertilizers
13.3.4. Personal Care & Cosmetics
13.3.5. Automotive
13.3.6. Electrical & Electronics
13.3.7. Other Industrial (Textile and Handicraft)
13.4. Market Attractiveness Analysis By End Use
14. Market Structure Analysis
14.1. Market Analysis by Tier of Companies
14.2. Market Share Analysis of Top Players
14.3. Market Presence Analysis
15. Competition Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. List of End Users
15.4. Competition Deep Dive (Australia Based/Operating Key Market Players)
15.4.1. Sealed Air Corporation
15.4.1.1. Overview
15.4.1.2. Product Type Portfolio
15.4.1.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.1.4. Sales Footprint
15.4.1.5. Strategy Overview
15.4.2. Omillioni Group Pty Ltd
15.4.2.1. Overview
15.4.2.2. Product Type Portfolio
15.4.2.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.2.4. Sales Footprint
15.4.2.5. Strategy Overview
15.4.3. FROMM Packaging Australia
15.4.3.1. Overview
15.4.3.2. Product Type Portfolio
15.4.3.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.3.4. Sales Footprint
15.4.3.5. Strategy Overview
15.4.4. Signet
15.4.4.1. Overview
15.4.4.2. Product Type Portfolio
15.4.4.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.4.4. Sales Footprint
15.4.4.5. Strategy Overview
15.4.5. JMP Holdings
15.4.5.1. Overview
15.4.5.2. Product Type Portfolio
15.4.5.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.5.4. Sales Footprint
15.4.5.5. Strategy Overview
15.4.6. Great Wrap
15.4.6.1. Overview
15.4.6.2. Product Type Portfolio
15.4.6.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.6.4. Sales Footprint
15.4.6.5. Strategy Overview
15.4.7. Pro-Pac Packaging Limited
15.4.7.1. Overview
15.4.7.2. Product Type Portfolio
15.4.7.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.7.4. Sales Footprint
15.4.7.5. Strategy Overview
15.4.8. Visy Boxes & More
15.4.8.1. Overview
15.4.8.2. Product Type Portfolio
15.4.8.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.8.4. Sales Footprint
15.4.8.5. Strategy Overview
15.4.9. Green Master Packaging
15.4.9.1. Overview
15.4.9.2. Product Type Portfolio
15.4.9.3. Profitability by Market Segments (Product Type/Channel/Region)
15.4.9.4. Sales Footprint
15.4.9.5. Strategy Overview
*The above list is indicative in nature and is subject to change during the course of research
16. Assumptions and Acronyms Used
17. Research Methodology
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Australia Pallet Wraps Market
