Market Survey on Australia Pallet Wraps Market Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, Supply and Demand Analysis, Production Capacity, Regulations, Trade Analysis, and Competitor Analysis by Primary and Secondary Packaging Manufacturers
An In-depth Market Insights of Australia Pallet Wraps Market including Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Polyamide (PA), and Polyvinylidene Chloride (PVDC) Covering Australia
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 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%
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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 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.
Find your sweet spots for generating winning opportunities in this market.
Comparative View of Adjacent Australia Pallet Wraps Market
Australia Pallet Wraps Market:
Attributes
Australia Pallet Wraps Market
CAGR (2023 to 2032)
3.0%
Market Value (2023)
US$ 361.9 million
Growth Factor
Pallet wraps play a crucial role in securing products on pallets, preventing damage, and minimizing losses during transportation. As companies strive to streamline their supply chain processes, demand for pallet wraps has increased.
Key Trend
Rise in e-commerce has led to an increased need for efficient packaging solutions, including pallet wraps, to ensure the safe delivery of goods. Pallet wraps are essential for securing and protecting products during transportation and storage.
Corrugated Pallet Wrap Market:
Attributes
Corrugated Pallet Wrap Market
CAGR (2023 to 2033)
7.2%
Market Value (2023)
US$ 707.71 million
Growth Factor
Corrugated pallet wraps provide excellent cushioning and protection for products, preventing damage from shifting or impacts during transit. They offer improved load stability, reducing the risk of load collapse or product damage, which can be particularly important for fragile or sensitive goods.
Key Trend
Corrugated pallet wraps can offer cost advantages over other packaging materials. They can be manufactured at a lower cost compared to plastic wraps or stretch films, and their recyclable nature reduces waste disposal expenses.
Stretch Wrappers Market:
Attributes
Stretch Wrappers Market
CAGR (2022 to 2031)
5.6%
Market Value (2022)
US$ 417.6 million
Growth Factor
Compared to manual wrapping methods, stretch wrappers can wrap pallets faster and more consistently, reducing labor time and effort. This increased efficiency would allow businesses to process higher volumes of pallets in less time, leading to improved productivity and throughput.
Key Trend
Stretch wrappers provide a tight and secure wrap around pallets, ensuring load stability during transportation and storage. As businesses prioritize the safe transportation and protection of their goods, demand for stretch wrappers has increased.
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
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 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.
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 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.
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.
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.
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 US$ 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 US$ 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
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 Used17. Research Methodology
List of Tables
Table 01: Market Value (US$ million) Analysis, by Thickness, 2017H to 2032F
Table 02: Market Volume (tons) Analysis, by Thickness, 2017H to 2032F
Table 03: Market Value (US$ million) Analysis, by Product Type, 2017H to 2032F
Table 04: Market Volume (tons) Analysis, by Product Type, 2017H to 2032F
Table 05: Market Value (US$ million) Analysis, by Material, 2017H to 2032F
Table 06: Market Volume (tons) Analysis, by Material, 2017H to 2032F
Table 07: Market Value (US$ million) Analysis, by Film, 2017H to 2032F
Table 08: Market Volume (tons) Analysis, by Film, 2017H to 2032F
Table 09: Market Value (US$ million) Analysis, by End Use, 2017H to 2032F
Table 10: Market Volume (tons) Analysis, by End Use, 2017H to 2032F
List of Charts
Figure 01: Market Share Analysis by Thickness, 2023E & 2032F
Figure 02: Market Y-o-Y Analysis by Thickness, 2017H to 2032F
Figure 03: Market Attractiveness Analysis by Thickness, 2023E to 2032F
Figure 04: Market Share Analysis by Product Type, 2023E & 2032F
Figure 05: Market Y-o-Y Analysis by Product Type, 2017H to 2032F
Figure 06: Market Attractiveness Analysis by Product Type, 2023E to 2032F
Figure 07: Market Share Analysis by Material, 2023E & 2032F
Figure 08: Market Y-o-Y Analysis by Material, 2017H to 2032F
Figure 09: Market Attractiveness Analysis by Material, 2023E to 2032F
Figure 10: Market Share Analysis by Film, 2023E & 2032F
Figure 11: Market Y-o-Y Analysis by Film, 2017H to 2032F
Figure 12: Market Attractiveness Analysis by Film, 2023E to 2032F
Figure 13: Market Share Analysis by End Use, 2023E & 2032F
Figure 14: Market Y-o-Y Analysis by End Use, 2017H to 2032F
Figure 15: Market Attractiveness Analysis by End Use, 2023E to 2032F
