Pallet Wrap Market

By Thickness;

Less Than 15 mm, 15-30 mm, 31-45 mm and Greater Than 45 mm

By Product Type;

Hand Wrap Rolls and Machine Rolls

By Material Type;

Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyamide and PVdC

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn768063521 Published Date: August, 2025

Pallet Wrap Market Overview

Pallet Wrap Market (USD Million)

Pallet Wrap Market was valued at USD 6,335.42 million in the year 2024. The size of this market is expected to increase to USD 8,115.10 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.6%.


Pallet Wrap Market

*Market size in USD million

CAGR 3.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.6 %
Market Size (2024)USD 6,335.42 Million
Market Size (2031)USD 8,115.10 Million
Market ConcentrationHigh
Report Pages331
6,335.42
2024
8,115.10
2031

Major Players

  • Berry Global Inc
  • Intertape Polymer Group Inc
  • AEP Industries Inc
  • Sigma Plastics Group
  • Coveris Holdings S.A
  • Scientex Berhad
  • Novolex Holdings
  • Bollore Group
  • UFlex Limited
  • RKW Group

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Pallet Wrap Market

Fragmented - Highly competitive market without dominant players



The Pallet Wrap Market is witnessing strong momentum as industries seek reliable packaging to safeguard goods during transit. More than 48% of warehouses rely on pallet wraps to reduce product losses and enhance handling efficiency. Their role in maintaining load stability makes them vital across logistics and distribution sectors.

Focus on Cost-Effective Packaging
Businesses are increasingly prioritizing cost-effective packaging, with nearly 42% of enterprises shifting to pallet wraps to cut expenses. By minimizing the need for bulkier materials and ensuring secure load containment, pallet wraps deliver both savings and operational reliability across multiple industries.

Innovations Enhancing Performance
Advancements in stretch and shrink film technology are reshaping adoption trends. Approximately 45% of packaging companies now use high-strength pallet wraps that provide better coverage with less material. These innovations improve sustainability while optimizing resource efficiency in supply chain operations.

Sustainability as a Growth Catalyst
Environmental concerns are influencing packaging strategies, with about 40% of businesses choosing recyclable or biodegradable pallet wraps. This shift supports compliance with eco-friendly regulations and demonstrates a commitment to reducing plastic waste, strengthening the appeal of pallet wraps in modern packaging.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Thickness
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Material Type
    4. Market Snapshot, By Region
  4. Pallet Wrap Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. E-commerce growth
        2. Sustainability initiatives
        3. Increasing warehouse automation
        4. Demand for product protection
        5. Advancements in material technology
      2. Restraints
        1. Fluctuating raw material costs
        2. Regulatory constraints
        3. Competition from alternative packaging
        4. Environmental concerns
        5. Supply chain disruptions
      3. Opportunities
        1. Emerging markets expansion
        2. Customization and branding options
        3. Technological innovations
        4. Collaborations with logistics partners
        5. Shift towards reusable packaging
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Pallet Wrap Market, By Thickness, 2021 - 2031 (USD Million)
      1. Less Than 15 mm
      2. 15-30 mm
      3. 31-45 mm
      4. Greater Than 45 mm
    2. Pallet Wrap Market, By Product Type, 2021 - 2031 (USD Million)
      1. Hand Wrap Rolls
      2. Machine Rolls
    3. Pallet Wrap Market, By Material Type, 2021 - 2031 (USD Million)
      1. Polyethylene
      2. Polypropylene
      3. Polyethylene Terephthalate
      4. Polyamide
      5. PVdC
    4. Pallet Wrap Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Berry Global Inc
      2. Intertape Polymer Group Inc
      3. AEP Industries Inc
      4. Sigma Plastics Group
      5. Coveris Holdings S.A
      6. Scientex Berhad
      7. Novolex Holdings
      8. Bollore Group
      9. UFlex Limited
      10. RKW Group
  7. Analyst Views
  8. Future Outlook of the Market