The global timber wrap films market is set to be worth around USD 464.8 million in the present year 2023. As per the global timber wrap market analysis report released by FMI, it is projected to register a CAGR of 4.3% during the forecast period. Further, this report predicts the overall valuation of the market to reach up to USD 714.2 million by the end of 2033.
The key reason for this growth rate is the increased demand for high shelf life and retaining quality of the timber. The low-cost, lightweight, and damage-resistant features of timber wrap have made them a highly sought-after packaging product in the timber and wood industry.
Timber wrap films are durable, lightweight, and the only mode of packaging for facilitating the delivery of timber to end users and furniture manufacturers. Furthermore, the increasing volume of international timber trade is also accelerating the growth of the timber wrap products market.
Timber wrap film sales accounted for around 8% share of the global mulch film market back in the year 2021. Regulations for polyethylene materials are likely to strengthen over the assessment period thereby limiting the wrap film products market growth in the future. Despite these prospects, this is expected to drive demand for timber wrap films due to their improved moisture resistance, lightweight, cost-effectiveness, and other properties.
Some new advances that have taken place in the market include wrap film products released with high friction to provide anti-slip protection to the product. Timber wraps with high friction are used to provide anti-slip protection to timber packaging. High-strength & barrier films are used for timber packaging to enhance the quality of packaging.
| Attributes | Details |
|---|---|
| Market Size (2022) | USD 445.4 million |
| Market Size (2023) | USD 464.8 million |
| Sales Forecast (2033) | USD 714.2 million |
| Global Market Growth Rate (2023 to 2033) | 4.3% CAGR |
| Share of Top 5 Timber Wrap Film Manufacturers | 55% |
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| Particulars | Details |
|---|---|
| H1 2021 | 4.1% |
| H1 2022 Projected | 4.3% |
| H1 2022 Expected | 4.4% |
| BPS Change - H1, 2022 (O) – H1, 2022 (P) | (+) 10 ↑ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (+) 30 ↑ |
Future Market Insights predict a comparison and review analysis of the dynamics of the market, which is principally subjected to an array of industry factors. Moreover, a few definite influences concerning fluctuating prices of raw materials may further limit the growth of the timber wrap market.
The overall market is expected to surge by 30 basis share points (BPS) in H1-2022 (O) against comparison with H1-2021, according to an FMI analysis. However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 10 BPS has been noticed.
High-strength Timber Wrap Films to Observe Sustained Traction in End-use Industries
According to the previous market survey reports, the net worth of all timber wrap films sold in the year 2018 was around USD 380.3 million. The global timber wrap films market witnessed a growth rate of 3.7% over the historical period of 2018 to 2022.
Globalization has led to the growth of imports and exports around the world including the exchange of forest and wood products. This has resulted in immensive supply chains of timber and the increased role of logistics in the transportation of such timbers. In line with this advancement, companies are adopting flexible packaging to optimize their packaging systems for efficient and effective delivery. The pandemic had a huge impact on participants in the timber wrap films industry, as the production work, facilities, and other activities were shut down.
With very high consumption of wood across the globe, growth prospects for the wrap films market are expected to rise in the coming days. Key features of timber wraps such as cost efficiency and high barrier characteristics have proved beneficial for the export and import of timber to facilitate convenient and efficient delivery.
Based on the aforementioned factors, the global timber wrap films market is projected to expand at 4.3% CAGR from 2023 to 2033.
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| Regional Market Attributes | Details |
|---|---|
| The United States Timber Wrap Films Market Size in 2023 | USD 132.9 million |
| The United States Timber Wrap Films Market Size in 2033 | USD 183.9 million |
| The United States Timber Wrap Films Market CAGR (2023 to 2033) | 3.3% |
Demand for wood in the United States was high last year and the same scenario is expected to be witnessed in the current year due to the high demand created by the housing sector. This prominent factor is expected to drive the growth of the timber wrap films market in the United States over the coming years.
| Regional Market Attributes | Details |
|---|---|
| Canada Timber Wrap Films Market Size in 2023 | USD 15.6 million |
| Canada Timber Wrap Films Market Size in 2033 | USD 22.9 million |
| Canada Timber Wrap Films Market CAGR (2023 to 2033) | 3.9% |
On the other hand, the demand for timber wrap films in Canada is growing at a significant rate than in the United States. Key players operating in the suitable packaging films industry maintain a strategic focus on the country due to the high penetration of associated products in the country.
| Regional Market Attributes | Details |
|---|---|
| Europe Timber Wrap Films Market Size in 2023 | USD 142.1 million |
| Europe Timber Wrap Films Market Size in 2033 | USD 206.3 million |
| Europe Timber Wrap Films Market CAGR (2023 to 2033) | 3.8% |
Europe’s regional market accounted for over 30.3% of the global market share in 2022. This is primarily owing to the vast amount of consumers in the countries like Germany, Spain, and the United Kingdom.
Lumber is widely employed in building materials, shops, furniture, and decorative things. In addition, the widespread use of modern packaging equipment has made the regional market more competitive.
| Regional Market Attributes | Details |
|---|---|
| East Asia Market Size in 2023 | USD 68.4 million |
| East Asia Market Size in 2033 | USD 119 million |
| East Asia Market CAGR (2023 to 2033) | 5.7% |
China timber wrap films market holds a notable value share in the global market due to recent innovations in packaging systems. Demand for building materials is also getting driven by the construction industry in China, which is likely to maintain its dominance over the forecast period.
| Regional Market Attributes | Details |
|---|---|
| South Asia Market Size in 2023 | USD 45.8 million |
| South Asia Market Size in 2033 | USD 82.8 million |
| South Asia Market CAGR (2023 to 2033) | 6.1% |
The regional market in India presents a huge potential for the growth of timber wrap film manufacturers as per the market report. The focus of the government on infrastructure development and increasing new construction activities is boosting the demand for various timber-based products.
| Market Segments by Thickness | Up to 75 Micron |
|---|---|
| Value in 2023 | USD 45.6 million |
| CAGR (2023 to 2033) | 3.2% |
| Market Segments by Thickness | 76 to150 Micron |
|---|---|
| Value in 2023 | USD 215.1 million |
| CAGR (2023 to 2033) | 5% |
| Market Segments by Thickness | 151 to 225 Micron |
|---|---|
| Value in 2023 | USD 134 million |
| CAGR (2023 to 2033) | 3.9% |
| Market Segments by Thickness | Above 225 Micron |
|---|---|
| Value in 2023 | USD 70 million |
| CAGR (2023 to 2033) | 3.6% |
Based on thickness, the 76 to 150 microns timber wrap films are expected to dominate the global market for some more years ahead. Timber wrap films with this thickness have high-temperature stability and have a high preference among end users owing to their anti-static and flame-retardant properties.
76 to 150 microns timber wrap films segment is anticipated to be followed by the 151 to 225 microns segment during the coming decade.
| Market Segments by Material Type | Polythene (PE) |
|---|---|
| Value in 2023 | USD 392 million |
| CAGR (2023 to 2033) | 3.9% |
| Market Segments by Material Type | HDPE |
|---|---|
| Value in 2023 | USD 250.5 million |
| CAGR (2023 to 2033) | 4.1% |
| Market Segments by Material Type | LDPE |
|---|---|
| Value in 2023 | USD 141.5 million |
| CAGR (2023 to 2033) | 3.4% |
| Market Segments by Material Type | Polypropylene (PP) |
|---|---|
| Value in 2023 | USD 72.8 million |
| CAGR (2023 to 2033) | 3.2% |
Polyethylene may remain the preferred material for timber wrap film manufacturing, with HDPE preferred over LDPE, due to its unmatched resistance to temperature and humidity. Timber manufacturers primarily utilize HDPE or high-density polyethylene wrap films for packing and to protect their products from dirt, humidity, and pests.
LDPE is a low-density polyethylene that has a thinner layer than HDPE, making it more flexible than its counterpart. Because it has low strength properties than HDPE wraps, it is typically used where there should not be a lot of strain on the film.
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The focus of leading stakeholders in the timber wrap films market on strategic expansion through independent sales partners is a key strategy observed in the sector. In addition to this, the acquisition of small-scale firms for increasing their subsidiaries continues to sustain the moderate growth of the market.
The constant search of timber product manufacturers for high-quality and printable wrap film solutions has led to innovations in films as well as secondary packaging equipment.
Moreover, because key players are applying automation to increase their production capacity, the market is likely to expand over the coming years.
Research and development investments for novel and value-added offerings such as non-woven and UV-stabilized timber wrap films might also remain a key growth sustenance aspect. For instance, Pakaflex Pty Ltd. introduced the Enduratuff timber wrap range, which is tough and has enhanced anti-sweating performance.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Mexico, Brazil, Mexico, Argentina, Germany, Italy, France, The United Kingdom, Nordic, Spain, Japan, China, Thailand, Australia, GCC Countries, South Africa, Turkey |
| Key Market Segments Covered | Thickness, Material Type, Region |
| Key Companies Profiled | RKW SE; Ab Rani Plast Oy.; Polytarp Products; SCOTT Lumber Packaging, LLC; InterWrap Inc.; Flexpak Corp.; Inteplast Group; Multifab Packaging; Polymax, Inc.; Polyprint Packaging Limited; Pakaflex Pty Limited; Tri Pac Inc.; Intertape Polymer Group Inc. |
| Pricing | Available upon Request |
The market witnessed a growth rate of 3.7% historically.
Innovation and eco-friendly wrapping films are key trends.
A CAGR of 4.3% is expected from 2023 to 2033.
The market is expected to reach USD 714.2 million by 2033.
Top 5 countries' market share is 55%
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Thickness 5.1. Up to 75 Micron 5.2. 76-150 Micron 5.3. 151-225 Micron 5.4. Above 225 Micron 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. Polyethylene (PE) 6.1.1. High Density Polyethylene (HDPE) 6.1.2. Low Density Polyethylene (LDPE) 6.2. Polypropylene (PP) 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. RKW SE 15.2. Ab Rani Plast Oy. 15.3. Polytarp Products 15.4. SCOTT Lumber Packaging, LLC 15.5. InterWrap Inc. 15.6. Flexpak Corp. 15.7. Inteplast Group 15.8. Multifab Packaging 15.9. Polymax, Inc. 15.10. Polyprint Packaging Limited 15.11. Pakaflex Pty Limited 15.12. Tri Pac Inc. 15.13. Intertape Polymer Group Inc. 16. Assumptions & Acronyms Used 17. Research Methodology
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Timber Wrap Films Market
