We dispersed the non-covalent functionalization of multi-walled carbon nanotubes (CNTs) with a polymer dispersant and obtained a powder of polymer-wrapped CNTs. The UV-vis absorption spectrum was used to investigate the optimal weight ratio of the CNTs and polymer dispersant. The powder of polymer-wrapped CNTs had improved the drawbacks of CNTs of being lightweight and difficult to process, and it can re-disperse in a solvent. Then, we blended the polymer-wrapped CNTs and polyethylene (PE) by melt-mixing and produced a conductive masterbatch and CNT/PE composites. The polymer-wrapped CNTs showed lower surface resistivity in composites than the raw CNTs. The scanning electron microscopy images also showed that the polymer-wrapped CNTs can disperse well in composites than the raw CNTs.