Yahoo Finance Timber Wrap Films Market to top a valuation of US$ 601 Million by 2029 - Comprehensive Research Report by FMI
Timber Wrap Films Market - Analysis, Outlook, Growth, Trends, Forecasts
DUBAI, United Arab Emirates, Jan. 25, 2022 (GLOBE NEWSWIRE) -- The global timber wrap films market is set to be worth US$ 445.4 Mn in 2022, and is projected to expand at a CAGR of 4.3% to top a valuation of US$ 601 Mn by 2029.
Future Market Insights delivers vital insights on the timber wrap films market in its published report, titled “Timber Wrap Films Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029.” In terms of revenue, the global Timber Wrap Films Market is projected to expand at a CAGR of nearly 4.3% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in the timber wrap films market report.
Timber Wrap Films Market Size (2022) | US$ 445.4 Mn | |
Sales Forecast (2029) | US$ 601 Mn | |
Global Market Growth Rate (2022-2029) | 4.3% CAGR | |
Share of Top 5 Timber Wrap Film Manufacturers | 55% | |
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Timber wrapping film is an effective packaging solution that protects timber during storage and shipment. Timber wrap films are used to protect timber from moisture and external elements, which can affect the finishing of the product.
Timber wrap films with high friction are used to provide anti-slip protection to timber packaging. High strength & barrier films are used for timber packaging to enhance the quality of the packaging. Basically, timber wrap films are designed to protect timber from extreme weather conditions and handling damage.
In the timber wrap films market report, FMI suggests that the growing use of wood for furniture, building & construction, packaging, and as a source of energy is driving the demand for timber, which further fuels the demand for timber wrap films during the forecast period. The timber wrap films market has been segmented on the basis of thickness and material type.
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Scope of the Report
Attribute | Details |
Forecast Period | 2022-2029 |
Historical Data Available for | 2014-2021 |
Market Analysis | Value in US$ Mn |
Key Regions Covered | • North America |
Key Countries Covered | • U.S. |
Key Market Segments Covered | • Thickness |
Key Companies Profiled | • RKW SE |
Medium Thickness Films Continue to See High Traction
On the basis of thickness, the timber wrap films market has been segmented as up to 75 microns, 76 - 150 microns, 151 - 225 microns, and above 225 microns. Among them, 76 - 150 microns thickness timber wrap films are expected to dominate the global market. Timber wrap films with this thickness have high temperature stability, are economical, and have high preference among end users owing to their anti-static and flame-retardant properties. The 76 - 150 microns thickness segment is followed by the 151 - 225 microns segment during the next decade. The continuous demand for timber products across the globe is likely to drive the global timber wrap films market growth.
The North America timber wrap films market is heavily driven by the United States. The demand for the timber in the U.S. was unexpectedly high last year and the same scenario is expected to be witnessed in the current year due to the high demand created by the housing sector. This factor is expected to drive the growth of the global timber wrap films market during the next decade.
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Forests play an important role in the socio-economic development of a country. They are highly rich sources of firewood, timber, energy, and other products. Round wood, industrial round wood, and sawn wood are some of the major forest products that have high demand from end users.
The transportation of these products and preventing them from moisture are major issues faced by exporters. This is expected to drive the demand for timber wrap films due to their characteristics such as enhanced barrier resistance against moisture, cost efficiency, and lightweight qualities.
The rising demand for storage, loading, and transportation of timber is expected to fuel the growth prospects of the timber wrap films market. Also, to prevent wood warping, timber wrap films are the optimum solution. For wooden furniture manufacturers, warping of timber products is a serious problem. This generally happens during transportation and results in financial losses to the manufacturers.
This issue can be prevented with proper transportation of timber by using timber wrap films. Timber wrap films are wrapped around the timber, which prevents them from coming in contact with moisture. This factor is expected to drive the growth of the global timber wrap films market during the forecast period.
Key players profiled in the report timber wrap films market include - RKW SE, Balcon Plastics Limited, Ab Rani Plast Oy., Polytarp Product, SCOTT Lumber Packaging, LLC, InterWrap Inc., Flexpak Corp., Inteplast Group, Multifab Packaging, Trioplast Industrier AB, Polymax, Inc., Davidson Plastics Ltd., Flexoplas Packaging Limited, Polyprint Packaging Limited, Pak-Line Limited, Pakaflex Pty Limited, Tri Pac Inc., and Intertape Polymer Group Inc.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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