Pallet Wrap Industry Analysis in Japan

A Complete Study of Pallet Wrap Industry in Japan from (2024 to 2034)

Demand for pallet wrap in Japan is anticipated to exhibit a CAGR of 2.6% through 2034. The pallet wrap sales outlook is expected to grow considerably, from USD 146.9 million in 2024 to around USD 189.1 million by 2034.

Attributes	Key Statistics
Expected Base Year Value (2024)	USD 146.9 million
Anticipated Forecast Value (2034)	USD 189.1 million
Estimated Growth (2024 to 2034)	2.6% CAGR

Key Highlights

Thriving Supply Chain Management Industry boosts the Demand for Pallet Wrap in Japan

Japan is home to one of the world’s highly advanced manufacturing sectors, and there is always a requirement for efficient packaging solutions in these industries. Pallet wrap not only safeguard goods during transit but also contribute to the seamless stacking and handling of pallets in the final stages of the manufacturing and packaging processes. The surge in the demand for pallet wrap can be attributed to the nation's meticulous focus on efficiency and precision in supply chain management.

The rapid growth of the eCommerce sector and consumers' preference for last-mile delivery services have collectively driven the growth of pallet wrap industry in Japan. Secure and reliable packaging solutions have become paramount in the past few years. As consumers in Japan increasingly opt for online shopping, the pallet wrap industry is very likely to experience a surge in the coming years.

Consumption Analysis of Pallet Wrap in Japan

• The manufacturing sector in Japan is a significant consumer of pallet wrap. Industries such as automotive, electronics, and machinery rely on efficient packaging solutions to protect and organize goods during transit and within the warehouse.
• Logistics and warehousing companies in Japan also constitute one of the significant contributors to the growth of the pallet wrap industry. They use pallet wrap to secure and streamline the handling of goods during storage and transportation.
• Pallet wrap also plays a crucial role in the supermarkets and retail industry. These facilities utilize pallet wrap for the safe and organized transport of goods from distribution centers to retail outlets and supermarkets.
• With the rapid growth of the eCommerce sector in Japan, online retailers and platforms use pallet wrap for the secure packaging of goods.
• Industries involved in construction and the supply of building materials also use pallet wrap to secure and protect items such as tiles, pipes, and construction materials during transit and storage.

Category-wise Insights

Machine Rolls in Pallet Wrap retains its Popularity in Japan’s Industrial Sector

On the basis of product type, the machine rolls segment is projected to dominate the pallet wrap industry with a revenue share of 59.70%. Machine rolls in pallet wrap have gained popularity across industries in Japan due to their efficiency in packaging. Their demand in Japan’s industrial sector is gaining momentum as machine rolls offer a streamlined and automated solution in the final stages of packaging and logistics.

Another key reason machine rolls in the pallet wrap industry are preferred substantially in Japan’s marketplace is their cost-effectiveness. The automated application reduces material waste, optimizing each wrap efficiently.

Attributes	Details
Product Type	Machine Rolls
Value Share	59.70%

The Food and Beverage Industry Elevates the Sales of Pallet Wrap in Japan

Based on end users, the pallet wrap industry is segmented into food and beverage, manufacturing, eCommerce, etc., where the food and beverage industry is anticipated to heavily dominate the industry in Japan, with a revenue share of 39.80%. The demand for pallet wrap in Japan’s industrial outlook is experiencing noticeable growth as they act as a shield, ensuring that food products, whether fresh produce or packaged goods, remain protected from contaminants during their journey through the supply chain.

Pallet wrap provide secure and stable protection to palletized shipments, preventing damage and spoilage during transportation and storage. The convenience of pallet wrap in preserving the freshness and quality of food products has led to their widespread adoption in the industry. As the demand for diverse and high-quality food and beverage products continues to rise in Japan, so does the need for effective packaging solutions, further fueling the sales of pallet wrap.

Attributes	Details
End User	Food and Beverage
Value Share	39.80%

Competitive Landscape

The pallet wrap industry in Japan is populated with numerous players who have a loyal consumer base in the country’s manufacturing sector. With the rise in the country’s adoption of online shopping and its reliance on last-mile delivery services, there is an excellent demand for pallet wrap. These players not only cater to domestic consumers but also have a strong presence in the international market as well.

Recent Developments in Pallet Wrap in Japan:

• In 2023, the Japan-based company Dai Nippon Printing developed a new stretch film formulation that is more durable and resistant to tearing. This new film is being used by a number of Japan-based companies, including Toyota and Honda.
• In 2022, the Japan-based company Murata Machinery developed a new pallet wrapping robot that can wrap pallets up to 10 times faster than manual wrapping. This new robot is being used by a number of Japan’s businesses, including Amazon and Rakuten.
• In 2021, the Japan-based company Nitto Denko developed a new IoT sensor that can be attached to pallet wrap to track and monitor pallets in real time. This new sensor is being used by a number of businesses in Japan, including Kuehne + Nagel and Nippon Express.

Some of the Key Players Offering Pallet Wrap in Japan

• Dai Nippon Printing (DNP)
• Murata Machinery
• Nitto
• Denko
• Sumitomo Chemical
• TOYOSEI
• Intertape Polymer Group Inc.
• Berry Global Inc.
• Scientex Berhad
• Aep Industries Inc.
• Sigma Stretch Film Corp.
• Coveris

Scope of the Report

Attribute	Details
Estimated Valuation (2024)	USD 146.9 million
Projected Valuation (2034)	USD 189.1 million
Anticipated CAGR (2024 to 2034)	2.6% CAGR
Historical Analysis of the Pallet Wrap in Japan	2019 to 2023
Demand Forecast the Pallet Wrap in Japan	2024 to 2034
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Key Cities Analyzed	Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan
Key Companies Profiled	Dai Nippon Printing (DNP); Murata Machinery; Nitto; Denko; Sumitomo Chemical; TOYOSEI; Intertape Polymer Group Inc.; Berry Global Inc.; Scientex Berhad; Aep Industries Inc.; Sigma Stretch Film Corp.; Coveris

Key Segments

By Thickness:

• <15 mm
• 15-30 mm
• 31-45 mm
• 45 mm

By Product:

• Hand Wrap Rolls
• Machine Rolls

By Film:

• Blown Film
• Cast Film

By Material:

• Polyethylene
• LLDPE
• LDPE
• HDPE
  • Polypropylene
  • Polyethylene Terephthalate
  • Polyamide
  • PVdC

By End Use:

• Food & Beverages
• Pharmaceuticals
• Chemicals & Fertilizers
• Personal Care & Cosmetics
• Consumer Goods
• Automotive
• Electrical & Electronics

By City:

• Kanto
• Chubu
• Kinki
• Kyushu & Okinawa
• Tohoku
• Rest of Japan

Frequently Asked Questions

At What Rate is the Pallet Wrap Industry Growing in Japan?

The anticipated CAGR for the Japan pallet wrap industry through 2034 is 2.6%.

How Big will the Pallet Wrap Landscape be in Japan?

Demand for pallet wrap in Japan is likely to reach USD 189.1 million by 2034.

Which is the Preferred Product Type for Pallet Wrap in Japan?

Machine rolls are commonly preferred as pallet wrap in Japan.

Which Industry is the Common End User of Pallet Wrap in Japan?

In Japan, the food and beverage industry dominates the pallet wrap landscape.

What Factor is Driving the Growth of the Industry for Pallet Wrap in Japan?

The rise in the adoption of online shopping methods among the population has driven the demand for pallet wrap in Japan.