Market Overview

Pallet Wraps Market Expand at the Fastest CAGR of 4% During the Forecast Period 2019 to 2029 - Future Market Insights

Share:

VALLEY COTTAGE, New York, July 22, 2019 /PRNewswire/ -- Future Market Insights, in its latest research study, delineates growth of pallet wraps market from 2019 to 2029 and outlines overarching trends upholding growth. According to the report findings, pallet wraps sales reached approximately 3,123.1 '000 Tons in 2018, and are likely to grow by 3.2% YOY in 2019.

Future_Market_Insights_Logo

As effective packaging continues to influence the productivity quotient of end use industries, the demand for pallet wraps is estimated to see a promising outlook through 2029. While pallet wraps play a vital role in the spectrum of warehouse storage and transportation, the FMI study expects a window of opportunities facing the market participants active in the global market landscape.

The expansion of logistics sector has driven the adoption of palletization as an ideal process to ensure in-transit product security and stability. With palletization becoming the new norm in industrial packaging, manufacturers continue to focus on showcasing a vast portfolio featuring pallet wraps of varying blends and formulations best-suited to end user requirements.

Download the sample copy of Report with table of contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6579

According to the research study, sales of pallet wraps will continue to gain tailwinds from the evolving consumer demand for sturdy and durable packaging forms. The global packaging industry has witnessed a wave of new consumer demands come to the fore, this dynamicity of consumer choices has resulted in constant improvements in the existing packaging models and innovations in the new ones.

The report opines that end user sentiments will continue to incline towards pallet wraps of 15-30 mm thickness, followed by < 15 mm. Price stands firm as the key factor dictating consumer decisions, which is a key reason why end users would continue to prefer low thickness variants available in reasonable prices. With end use industries embracing the automation trend, sales of machine rolls will continue to outdo the sales of hand wrap rolls during the forecast period.  

Preview Analysis of Pallet Wraps Market is segmented by (Product Type - Hand Wrap Rolls & Machine Rolls; Thickness - < 15 mm,15 - 30 mm,30 - 45 mm & > 45 mm; Material Type - Polyethylene, Polypropylene, PET & Polyamide; Film Type - Blown Film & Cast Film; End Use - Food & Beverages, Pharmaceuticals, Chemicals & Fertilizers, Personal Care & Cosmetics, Consumer Goods, Automotive & Electrical & Electronics;) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029: https://www.futuremarketinsights.com/reports/pallet-wraps-market

Polyethylene will continue to be a force to reckon with in the material space, with global sales estimated to reach approximately US$ 2.6 Bn in 2019. The primary advantages upholding polyethylene's position as the 'material of choice' are its usability quotient, versatility, easy processability, cost-efficiency, and recyclability. As per the report estimates, polyamide will continue to closely trail polyethylene through 2029, on account of its beneficial properties such as strength and stiffness, puncture resistance, and fracture strain.

According to the research study, food and beverages will continue to be at the forefront of demand for pallet wraps in 2019 and beyond. Effective packaging remains a critical variable in ensuring safe transportation of food and beverage products during bulk transport, and pallet wrap grades continue to befit these requirements.

Buy this report @ https://www.futuremarketinsights.com/checkout/6579

Manufacturers Accelerate their Sustainability Drive by Committing to 'Eco-Friendly' Products

Leading players in the pallet wraps market are focusing on establishment of new production facilities and distribution units across lucrative economies of South Asia, with an objective to increase their sales revenues and tapping into new customer bases. According to the report, manufacturers are rethinking their production processes to align with the sustainability trend, reduce production costs, and enhance the brand value. Use of bio-based plastics continues to be in the spotlight as a prominent manufacturing trend, which will help the market players to revitalize their products' marketability via 'eco-friendly' claims.

Mergers and acquisitions have a place of their own in the manufacturers' growth strategies, states the FMI analysis. Through strategic mergers and acquisitions, manufacturers get an opportunity to leverage the combined know-how in product development and manufacturing processes, along with wider accessibility to a large number of resources.

This study analyzes growth trail of pallet wraps market during 2019-2029, and forecasts a volume CAGR of 3.5% for the market revenues. For compelling insights on pallet wraps market, write in to the analyst at press@futuremarketinsights.com

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with youhttps://www.futuremarketinsights.com/ask-the-analyst/rep-gb-6579

More from Packaging Market Intelligence:

  • PET Preforms Market Segmentation by Capacity - Up to 500 ml, 500 ml to 1000 ml, 1000 ml to 2000 ml, More than 2000 ml; Neck finish -ROPP/BPV, PCO/BPF, Alaska/Bericap/Obrist, Others; End Use - Beverages, Food, Personal Care, Home Care, Pharmaceuticals, Others
  • Oil Resistant Packaging Market Segmented By oil resistant packaging type - Paper, Bag, Laminations, Boxes; By application - Packed Snacks, Beverages, Confectioneries, Cosmetics, Pharmaceuticals, Industrial
  • Disposable Barrier Sleeves Market report covers exhaustive analysis on: Market Segments, Market Dynamics, Market Size, Supply & Demand, Current Trends/Issues/Challenges, Competition & Companies involved, Technology, Value Chain

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Packaging Market Intelligence

Contact Us

Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Packaging World News: http://packagingworldnews.com/
Website: https:www.futuremarketinsights.com

Cision View original content:http://www.prnewswire.com/news-releases/pallet-wraps-market-expand-at-the-fastest-cagr-of-4-during-the-forecast-period-2019-to-2029--future-market-insights-300888472.html

SOURCE Future Market Insights

View Comments and Join the Discussion!
 
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com