Australia Pallet Wraps Market Insights Forecasts to 2033

• The Australia Pallet Wraps Market Size was valued at USD 371.9 Million in 2023.
• The Market is Growing at a CAGR of 3.21% from 2023 to 2033
• The Australia Pallet Wraps Market Size is Expected to Reach USD 510.3 Million by 2033

The Australia Pallet Wraps Market Size is Anticipated to Reach USD 510.3 Million by 2033, Growing at a CAGR of 3.21% from 2023 to 2033.

Market Overview

Pallet wrap, commonly referred to as stretch wrap or stretch film, is a thin, rugged plastic sheet used in the wrapping and protection of items on a pallet during transportation and storage, and may also be used for the wrapping and organization of small items. Most pallet wraps are simply pure polyethylene and are used to cover packaging onto pallets. They reduce losses, burdens, and worker injuries. Flexibility keeps things closely packed, protective, and protective. With the rise in the importance of packaging, firms are seeking to include packaging in their end-use packaging infrastructure. This brings high production combined with low cost. For this reason, the Australian government embraces sustainability and organic manufacturing, which then allows pallet wrap manufacturers to have an opportunity. Good coverage pallet packaging is the cheapest of all packaging options. At the same time, production could be contained, and losses reduced therefore leading to higher demand.

Report Coverage

This research report categorizes the market for the Australia pallet wraps market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia pallet wraps market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia pallet wraps market.

Driving Factors

The growth in the packaged food market in Australia is anticipated to fuel the Australian pallet wraps industry. The pallet wraps to protect the palletized products against damage amid transportation and storage. Higher demand for packaging of packaged foods is likely to provide an added requirement to manufacture more pallets for safe wrapping and packaging. As demand for packaged foods across Australia goes higher, so will demand for pallet wrap. The pallet wraps are one of the most important components of the packaging industry. Consumers are going to prefer reusable pallet wraps as demand in this particular area is increasing, and consumers are looking toward sustainable and environmentally friendly packing solutions.

Restraining Factors

Wrapping the wrong film can cause material, financial, time, maintenance waste, failure, and other problems. The thickness of the film must match the size of the material, the shape of the pallet, and the strength requirements. Undue intensity can cause tears, material injury, and financial loss. This has a great drawback on environmental impact. Most of the expansion films are of low-density polyethylene (LDPE). These are not easily damaged; however, the stretch film leads to increased environmental damage and pollution if not disposed of properly.

Market Segmentation

The Australia pallet wraps market share is classified into product, film, and end-use.

• The machine rolls segment is expected to hold the largest market share through the forecast period.

The Australia pallet wraps market is segmented by product into hand wrap rolls and machine rolls. Among these, the machine rolls segment is expected to hold the largest market share through the forecast period. Machine rolls will considerably increase the efficiency of the wrapping process. They are extremely handy, especially in large warehouses or distribution centers where lots of pallets need rapid wrapping. Using machine rolls may reduce the time and effort that can be spent on manual wrapping of pallets. Pallet wraps and machine rolls are in great demand because they enhance productivity, cut costs, and promote safety and sustainability.

• The cast film segment is expected to dominate the Australia pallet wraps market during the forecast period.       

Based on the film, the Australia Pallet Wraps Market is divided into blown film and cast film. Among these, the cast film segment is expected to dominate the Australia pallet wraps market during the forecast period. This is because film synthesis is relatively inexpensive to synthesize, hence, making it an attractive option for companies to reduce packaging costs. Due to the growing demands on sustainability and eco-friendly culture in the Australian pallet wrap industry, artist film is increasingly in demand. The majority of cast films are manufactured in a thin gauge; hence they use less material content without compromising strength and efficiency simultaneously. It reduces waste and integrates sustainable packaging. Moreover, mass-produced films are developed to be recyclable, focusing on national sustainability goals.

• The food & beverages segment is expected to hold the largest market share through the forecast period.

The Australia pallet wraps market is segmented by end-use into food & beverages, pharmaceuticals, chemicals & fertilizers, personal care & cosmetics, automotive, electrical & electronics, and other industrial (textile and handicraft). Among these, the food & beverages segment is expected to hold the largest market share through the forecast period. The main use of pallet wrapping is in the food and beverage sectors; to guarantee safe transport of foodstuff. The wraps are light, which helps cut down the shipping cost and free up storage space. Pallet wraps can be customized according to the different companies with their logos, brand names, and marketing messages. They would work for brand recognition and promotion of the company's products, and, ultimately, will increase the sale.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia pallet wraps market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2024, Sydney-based startup Bearhug announced that it would scale its supply of reusable pallet wraps across Australia to eliminate single-use plastic from FMCG supply chains after closing a $325,000 funding round just 18 months after launching in January 2023.

Market Segment

This study forecasts revenue at Australia, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Australia pallet wraps market based on the below-mentioned segments:

Australia Pallet Wraps Market, By Product

• Hand Wrap Rolls
• Machine Rolls

Australia Pallet Wraps Market, By Film

• Blown Film
• Cast Film

Australia Pallet Wraps Market, By End-Use

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