Global Timber Wrap Market is segmented By Thickness (75 Microns, 76-150 Microns, 151-225 Microns, Above 225 Microns), By Type (Polyethylene (PE), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP), Others), By Application (Hardwoods, Softwoods, Others), By End-User (Timber Manufacturer, Timber Wholesaler, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Market Overview
The "Global Timber Wrap Market" is predicted to reach at a high CAGR of 4.3% during the forecast period (2022-2029).
Timber wrapping is an effective and robust packaging material that protects sawn & planed timber during transportation and storage. The film prevents finished goods from getting damp, soiled or attacked by mold. At the same time, the product line provides additional film properties, for instance, high friction, to offer excellent anti-slip protection. In addition, timber films are a type of flexible packaging utilized to wrap timbers. Flexible packaging is achieving an edge in the overall packaging industry, and the timber wrap films market is expected to grow an advantage with the changing market dynamics.
Market Dynamics
The increasing inclination of consumers towards adequate storage, transportation is triggering the demand for timber wrap in recent times. Growing demand for flexible packaging creates a strong opportunity for the Timber Wrap market growth.
Increasing demand for adequate storage, transportation, loading & unloading of timber is expected to increase the market size
The increasing demands for adequate storage, transportation, loading, & unloading of timber have boosted the timber wrap market. One of the prime consumers of timber wrap is furniture manufacturers, which have reported heavy loss due to moisturized timber. The ability of timber wrap to improve shelf life and maintain the quality of timber is a prominent factor behind the mass adoption of timber wrap films. Further, players are working to make timber wraps seal packed through advanced perforation technologies such as laser to improve moisture management. Along with this, they are trying to bolster their growth by leveraging environment-friendly packaging credits. Therefore, they focus on developing biodegradable timber wrap films to reduce plastic pollution and aid sustainability in production. These are a few significant trends expected to change the timber wrap films market dynamics, especially in terms of maintaining profitability.
Rapid growth of imports and export industry is expected to boost the market Growth
Globalization has led to the rapid growth of imports and export globally. This has resulted in significant supply chains and grew the role of logistics, with companies adopting flexible packaging to optimize their packaging systems for effective and efficient delivery. Low-cost, lightweight, and damage-resistant features of timber wrap films have made them a highly sought-after packaging product in the timber industry. In addition, the rise of industrialization and the construction sector has increased the demand for timber products by bounds and leaps. This is attributed to the fact that timber wrap films are lightweight, durable, and the only mode of packaging for promoting the delivery of timber to end-users and furniture manufacturers. However, when unprocessed timber is shipped and transported, timber wrap plays an essential role in limiting loss due to warping and other climatic factors.
For instance, Trioplast Industrier AB delivered all its timber wrap with an anti-slip function based on the industry’s recommendation. Pakaflex Pty Ltd. introduced the Enduratuff timber wrap range, which is tough and has enhanced anti-sweating performance. These timber wraps have breathable technology to enhance their ability to control moisture properties under the wrap.
High temperature and humidity is expected to hinder the market growth
Timber, which is in direct opposition with fibreboard, is considered sturdier and stronger. However, when it is subjected to changes in humidity and temperature, solid wood contracts, i.e., it undergoes warping. To maintain the original shape, humidity and heat must be kept under control, which, if not achieved, can cause the timber panel to crack or buckle. This, in turn, also leads to a hinder in demand for timber wrap during the forecast period.
Segment Analysis
By type, the market is segmented into polyethylene (PE), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP) and others.
Flexible plastic tubing is so traditional when it comes to different industrial applications because plastic can withstand different types of adverse industrial conditions. These tubings are made from durable and robust resin; polysulfone, for example, can withstand extreme pressure and temperature. Moreover, it offers a couple of benefits such as:
- Functionality: When it comes to tubes and pipes made of other materials, they need to be treated with other substances to withstand the pressure of providing chemicals and other kinds of substances. A flexible and rigid way of manufacturing plastic piping can be an ideal way for channelizing hoses for liquid and water transmission to a large extent.
- Versatility: One of the essential features of plastic is its versatility. Compared to stainless steel and standard steel tubes, flexible plastic tubing can be used in different industrial sectors. These tubings are considered the best option for outfitting different types of complex machining designs and medical equipment, which is delicate in nature. One of the significant benefits of flexible plastic tubing is that it is possible to cut them in exact size and length and then attached them to the devices and machines with the least number of fittings. Paper and salt industries also utilize these plastic tubes. Flexible plastic tubing is also usually used in the domain of electronics. These tubings are used to insulate the most delicate electronic circuits and chips, which are used in computers, cell phones, GPS systems, and others.
- Durability: In terms of tensile strength, flexible plastic tubing cannot beat stainless steel or standard steel. However, as far as material cost is involved, things look a bit unusual. Plastic tubes are non-corrosive, and they can be used for gas sensing, oil industries and robotics. Therefore, one of the most prominent features of flexible plastic tubing is flexible yet durable. They are primarily chemical-resistant, and they can be used to transport liquids that are thick and heavy. Different types of components and compounds are used to manufacture these tubing makes them sturdy and rigid. When it comes to harsh industrial conditions, where reactive chemicals are used, these tubings are the best options.
Moreover, different utilities and features that flexible plastic tubing has to offer are available in different quality. In addition, the price of flexible plastic tubing depends on the quality of the material and the purpose it intends to serve.
Geographical Analysis
Based on the geography, the timber wrap market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The demand for timber wrap in the North American market is expected to remain at the dominant position in sales and value generation due to the growing volume of trade and e-commerce in countries such as the U.S.
North America holds the largest market share of timber wrap market during the forecast period
North America holds the largest market share for the timber wrap market due to the highest production of timber. Forests in the U.S. cover more than 750 million acres or approximately three million square kilometers of land. Alaska is by far the U.S. with the most significant forested land, followed by Oregon and California. About two-thirds of all U.S. forested land is timberland, offering or capable of providing industrially utilized wood. Most of this land is owned by private owners. Moreover, the U.S. produces around 11.96 billion cubic feet of industrial roundwood, distinctly more petite than a decade earlier. Such resources raise a strong forest products industry in the U.S. The essential products incorporating industrial roundwood are lumber, veneer and plywood pulp products. Prices for timber products endured stable or grown over the last decade. The most significant rise was reported for paperboard and wood pulp. In addition, major players are summarized in the forest, paper and packaging (FPP) industry. World paper is not only the largest FPP company in the U.S but also worldwide, generating some USD 22.36 billion of revenue in 2015. Kimberly-Clark is also the top player in this sector globally. With more than USD 0.93 billion, it has the highest net income of all U.S. FPP companies, next to Kimberly-Clark with USD 1 billion in net income.
Europe and APAC are expected to contribute significant growth for the timber wrap market due to the rise of industrialization, and the construction sector has grown the demand for timber products by bounds and leaps. This is attributed to the fact that timber wrap is lightweight, durable, and the only mode of packaging for promoting the delivery of timber to end-users and furniture manufacturers.
Competitive Landscape
The timber wrap market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Trioplast Industries AB, Balcon Plastics Limited, RKW SE, Ab Rani Plast Oy., InterWrap Inc., Inteplast Group, Multifab Packaging, Flexoplas Packaging Ltd., Pak-Line Limited, Polymax, Inc. are the major player in the packaging market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the timber wrap market globally.
Trioplast Industries AB
Overview: The company strives for its solutions to make transport and food safer, packaging more efficient, agriculture smarter and offering optimal healthcare protection. The company comprises 15 companies with 1,200+ employees and an annual turnover of € 550 million. The company is based in Smålandsstenar in Sweden and operates production facilities in Denmark, Sweden, France and the Netherlands.
Product Portfolio:
- By standard, the timber wrapping is manufactured by Trioworld Sifab in black/white Co-extruded blown film in three layers, but of course, there is the possibility to order in other colors if needed. The film can also be delivered with a 1-4 color flexographic print. Moreover, all films can be delivered with an anti-slip function based on the industry’s recommendation. It is established upon the Wood Technical Report No. 72 Friction and Strength of Materials for Wood Wrapping, Ingemar Sandberg, TräteknikCentrum 1985” and based on SIS/TS 12:2006 measurements. In addition, the Swedish Board for occupational safety and health encourages the sawmills to follow this recommendation and thereby fulfill the demands of the Law of Occupational Environment AML 3 Chap 10 §. Also, timber wrapping is an effective and robust packaging material that protects sawn and planed timber during transportation and storage.
Key Development:
- On 1 July 2021, Trioworld Group has endorsed an agreement to acquire the Dutch company Flexoplast, an advanced player in solutions for high-performance beverage, food and industrial packaging, from the Clondalkin Group.
The global timber wrap market report would provide an access to an approx. 69 market data table, 65 figures and 180 pages.
