Well, the obvious benefit is for switching technologies. If you have a library that becomes deprecated, and you want to switch, you may end up rewriting a lot of code to accommodate the change, whereas if it were wrapped, you'd have an easier time writing a new wrapper for the new lib, than changing all your code.
On the other hand, it would mean that you have to write a wrapper for every trivial library that you include, which is probably an unacceptable amount of overhead.
My industry is all about speed, so the only time I'd be able to justify writing a wrapper is if it was around some critical library that was likely to change dramatically on a regular basis. Or, more commonly, if I need to take a new library and shoehorn it into old code, which is an unfortunate reality.
It's definitely not an "always" situation. It's something that may be desirable. But the time isn't always going to be there, and, in the end, if writing a wrapper takes hours and the long term code library changes are going to be few, and trivial...Why bother?
