Sale of pallet wrap in Western Europe is predicted to be USD 1,582.0 million in 2024, up from USD 1,539.0 million in 2023. The demand for pallet wrap is expected to progress consistently over the period from 2024 to 2034, with a CAGR of 2.5%. By 2034, the sale of pallet wrap is estimated to have increased to USD 2,018.4 million.
Key Insights for Pallet Wrap in Western Europe
Attributes | Details |
---|---|
Industry Size for Western Europe in 2024 | USD 1,582.0 million |
Expected Industry Size for Western Europe by 2034 | USD 2,018.4 million |
Forecasted CAGR between 2024 to 2034 | 2.5% |
Pallet wrap done through machines dominates the product type segment. For 2024, machine rolls are expected to hold 61.8% of the industry share.
As opposed to hand wrap rolls, machine rolls require less human effort. With the mechanization of industries in Western Europe, industrialists are preferring machine rolls.
Demand for Pallet Wrap in Western Europe Based on Product Type | Machine Rolls |
---|---|
Industry Share in 2024 | 61.8% |
Pallet wrap is typically used as packaging material for food & beverage. For 2024, the food & beverage sector is anticipated to account for 40.2% of the industry share by end use.
Food consumption is rising in Western Europe, with trends like premium dining and online ordering set to further propel the food & beverage sector. Pallet wrap is being used as packaging material for the increasing quantities of food being produced in Western Europe.
Demand for Pallet Wrap in Western Europe Based on End Use | Food & Beverage |
---|---|
Industry Share in 2024 | 40.2% |
Countries | CAGR (2024 to 2034) |
---|---|
France | 2.3% |
United Kingdom | 2.6% |
Germany | 2.0% |
Netherlands | 3.1% |
Italy | 2.4% |
The Netherlands is one of the leading countries in Western Europe for pallet wrap. The CAGR for the Netherlands over the 2024 to 2034 forecast period is predicted to be a solid 3.1%. There are a high number of local companies in the Netherlands dealing with pallet wrap. Local suppliers like Matco International and Contimeta keep the demand flowing in the Netherlands.
The eCommerce boom is leading to increased sales of small-scale and mini pallet wrap in the United Kingdom. Thus, in addition to factory use, pallet wrap is also finding usage among consumers in the United Kingdom. For the forecast period, the estimated CAGR for the United Kingdom is a commendable 2.6%.
Pallet wrap produced in Italy is not only being used in local industries. Pallet wrap produced in Italy is also being exported for use in other countries with rising frequency. For the forecast period, the expected CAGR for the industry in Italy is a respectable 2.4%.
Individuals in France are increasingly turning toward sustainable practices, encouraged by the government. Industrial practices are also shifting toward sustainability. Thus, pallet wrap made from sustainable material is gaining popularity across France. For the forecast period, the predicted CAGR for France is a steady 2.3%.
There are several local manufacturers in Western Europe for pallet wrap. In addition to supplying local industries, export is also engaged in by Western European manufacturers.
In the wake of increasing regulation from authorities, Western European manufacturers are increasingly turning toward sustainability. Partnerships are being struck between firms to pool the knowledge of the players and improvise better sustainability solutions.
Recent Developments Observed in Pallet Wrap in Western Europe
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Attribute | Details |
---|---|
Estimated Industry Size in 2024 | USD 1,582.0 million |
Projected Industry Size by 2034 | USD 2,018.4 million |
Anticipated CAGR between 2024 to 2034 | 2.5% CAGR |
Historical Analysis of Demand for Pallet Wrap in Western Europe | 2019 to 2023 |
Demand Forecast for Pallet Wrap in Western Europe | 2024 to 2034 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Pallet Wrap in Western Europe, Insights on Global Players and Leading Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western European Providers |
Key Companies Profiled | Intertape Polymer Group Inc.; Berry Global Inc.; Scientex Berhad; Aep Industries Inc.; Sigma Stretch Film Corp.; Coveris; Rosenflex (United Kingdom) Limited; Polifilm GmbH; Anchor Packaging Inc.; Paragon Films Inc. |
Key Countries Analyzed | United Kingdom, Germany, France, BENELUX, Sweden, Norway, Denmark, Italy, Spain |
The industry size of pallet wrap in Western Europe is estimated to reach USD 1,582.0 million in 2024.
Pallet wrap is estimated to grow at a steady rate of 2.5% in Western Europe from 2024 to 2034.
Increasing industrial production and innovations in the product are driving the demand for pallet wrap in Western Europe.
Machine rolls are the preferred product type in Western Europe.
Pallet wrap is commonly used for food & beverage packaging in Western Europe.
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