The global stem wrap market is projected to witness significant growth, with sales expected to reach USD 313.1 million by 2034, up from an estimated USD 190.4 million in 2024, according to the latest industry analysis. The market, which generated USD 181.2 million in revenue in 2023, is predicted to grow at a robust CAGR of 5.1% over the forecast period from 2024 to 2034.
Year-on-year growth of 4.8% is anticipated in 2024, showcasing the steady rise in demand for stem wraps, driven largely by the expanding floral industry and increased focus on aesthetics in floral arrangements.
The increase in the regulations with the rise in plastic pollutions forced governments to implement strict rules to limit the use of certain plastics. This implementation of stringent regulations pushed manufacturers across industries including stem wraps to explore more sustainable options to meet these regulations.
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This trend towards sustainability in the sectors such as the agriculture and horticulture where sustainable practices are becoming the norms. Companies in these sectors are increasingly investing in advanced technologies and innovation of materials to meet these regulations and consumer demands for sustainability.
This helps the companies to enhance their brand reputation and lower their overall carbon footprint attracts the eco-conscious consumers. This increasing push towards sustainability is expected to drive the stem wraps market.
Growth in the Personal Gardening to Drive the Market
The consumers are increasingly taking interest in personal gardening and landscaping which requires reliable and secure packaging solutions for plants including the flowers and seedlings. Stem wraps offer protection to these delicate plant ensuring their integrity if preserved during transportation.
The rise in the personal gardening is particularly observed in the urban areas which is due to the increase in the disposal incomes thus boosting the overall spending. The landscape projects that requires transportation of various plants that has increase the demand for its protective packaging including stem wraps. The expansion of landscape projects and gardening interests of consumers is expected to drive the demand for the market.
Key Takeaways from the Global Stem Wrap Market
- The stem wrap material made of plastics are anticipated to offer an incremental opportunity of USD 66.8 million and is predicted to reach a market valuation of USD 118.2 million in 2024. The property of plastic of retaining the moisture and helping the young plant growth making it suitable for various retain applications.
- Florist end-uses are expected to grow at a CAGR of 5.6% throughout the assessment period and are predicted to reach USD 177.3 million by the end of 2034. The continuous innovation in the bio-based plastics to drive the demand for biodegradable stem wraps in florist’s end-uses to meet sustainability.
- Direct sales distribution channel is set to capture approx. 70.2% of the total market share in 2024 and is expected to gain an incremental opportunity of USD 83.9 million by 2024 to 2034. Direct sales offer manufacturers direct contact with end users and to better understand consumer preferences for creating new developments in products.
- South Asia & Pacific’s stem wrap industry is set to capture approx. 1/3rd of the total market share in 2024 and is predicted to gain an incremental expansion of 1.8x times the total market value. The expansion of e-commerce and the online sales of flowers increasing the flora culture in the region contributing to the region’s growth.
Customization and Advance Functionality in Stem Wraps
The manufacturers in the stem wraps are focusing on the offering of custom products as per the requirements of the consumers. With continuous innovation in the material used for producing stem wraps they were able to evolve it further from just being protective packaging to offering advanced features into it.
These advanced features include enhanced moisture retention, UV protection, and pest resistance. These advanced features in stem wraps have improved the overall health of the young plants their growth. With the customization into play manufacturers are able to offer requirement specific products designed with breathable, water-retaining properties that regulates humidity around the plant stem benefitting in plants growth.
Competitive Landscape
Key participants in the stem wrap market are investing in new custom products and forming collaborations. Key stem wrap providers have also been purchasing smaller players to expand their footprint and penetrate the stem wrap industry in numerous locations.
Key Players of the Stem Wrap Industry
- Amcor plc
- Naikos(Xiamen) Adhesive Tape Co., Ltd
- Oasis Floral Products NA
- Koen Pack B.V.
- Chrysal International B.V.
- Puli Paper Mfg. Co., Ltd.
- GBS Adbesive Tape
- Shengli Abrasive & Adhesive
- Tianjin Panyam Garden & Horticultural Products Co., Ltd.
- SHANGHAI NEWERA VISCID PRODUCTS CO., LTD
- Hunan Famous Trading Co., Ltd.
Key Segments of the Stem Wrap Industry
By Material:
In terms of material, the industry is divided into paper, plastic, and others (natural fibers).
By Distribution Channel:
In terms of distribution channel, the industry is segregated into direct sales and online sales.
By End Use Industry:
The industry is classified by end use industry as horticulture, agriculture, DIY, and florist.
By Region:
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and the Middle East & Africa have been covered in the report.
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