Australia Plastic Packaging Market

The Australia plastic packaging market size was valued at nearly USD 2.66 Billion in 2022 and is anticipated to reach USD 3.22 Billion by 2031, expanding at a CAGR of 2.14% during 2023 – 2031. The growth of the market is attributed to the growing modern retailing, growth in e-commerce activities, and high consumer income. Growing penetration of the organized along with e-retail in anticipated to boost the market.

Plastic packaging is the most commonly used packaging to preserve, protect, store and also allows transportation of the products in various types. It allows the products to reach to the consumers for consumption in a good condition from the stores. Plastic packaging has variety of properties that are the reasons it is used most such as safety, lightweight, durability, easy transportation, hygiene, and freedom of design.

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Plastic packaging is used to protect the product or food item inside it from getting spoiled and also no to get wasted. It helps to deliver the products across country in different forms including gels, out-of season fruits, liquids, and powders. Plastic is the ideal packaging material available for the different modern requirements. Lightweight plastic packaging helps to decrease the truck loads and reduce the cost of packaging.

Plastic Packaging Market Trends, Drivers, Restraints, and Opportunities

• Better convenience and operability necessary for variety of products is expected to drive the market growth during the forecast period.
• Rapid growth of food and beverages industry is major factor boosting the market expansion.
• The substitutes available for packaging of the products are projected to restrict the market growth in the coming years.
• Cost of raw materials are not stable that affects the manufacturing prices of plastic packaging possess as a key challenge that can hamper the market expansion.
• Technological innovation and advancement in plastic packaging market is anticipated to offer immense opportunities for the market players.

Scope of Plastic Packaging Market Report

The report on the Australia plastic packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Plastic Packaging Market Segment Insights

Food segment is projected to account for a large market share

Based on rigid packaging, the Australia plastic packaging market is divided into material, product, and end-user industry. The material segment is further segregated into polypropylene, polyvinyl chloride, polythene, polyethylene terephthalate, and polystyrene & expanded polystyrene. The product segment is further classified as trays & containers, bottles & jars, and others. The end-user industry is further categorized as beverage, personal care & household, food, healthcare, and others. The food segment is expected to constitute a key share of the market during the forecast period owing to consumers are resorting in bulk storing and panic buying because of fear of lockdown. Increasing demand for online & e-commerce stores, fresh food, and daily staple are anticipated to boost the market.

Pouches segment is projected to hold a key market share

On the basis of flexible packaging, the market is segmented into material, product, and end-user industry. The material segment is further segregated into bi-orientated polypropylene, polyethene, and cast polypropylene. The product segment is further classified as bags, film & wraps, pouches, and others. The end-user industry is further categorized as beverage, personal care & household, food, and others. The pouches segment is expected to represent a key share of the market in the coming years due to rising demand for pouches and its high usage in different applications such as beverage, personal care & cosmetics, food, and pharmaceuticals industries. The growing demand for convenient and lightweight packaging is expected to fuel the market.

Stretch film segment is projected to constitute a major market share

In terms of industrial plastic film market, the Australia plastic packaging market is segregated into agricultural film and stretch film. The stretch film segment is expected to account for a key share of the market during the forecast period owing to it reduces the shipping damages and also protects products from the UV rays. However, the agricultural film segment is anticipated to expand at a rapid pace during the forecast period due to water retention and safety of the crops.

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Segments

The Australia plastic packaging market has been segmented on the basis of

Rigid Packaging

• Material
  • Polypropylene
  • Polyvinyl Chloride
  • Polythene
  • Polyethylene Terephthalate
  • Polystyrene & Expanded Polystyrene
• Product
  • Trays & Containers
  • Bottles & Jars
  • Others
• End-user Industry
  • Beverage
  • Personal Care & Household
  • Food
  • Healthcare
  • Others

Flexible Packaging

• Material
  • Bi-orientated Polypropylene
  • Polyethene
  • Cast Polypropylene
• Product
  • Bags
  • Film & Wraps
  • Pouches
  • Others
• End-user Industry
  • Beverage
  • Personal Care & Household
  • Food
  • Others

Industrial Plastic Film Market

• Agricultural Film
• Stretch Film

Country

• Australia

Key Players

• Synergy Packaging
• Orora Packaging Australia Pty. Ltd.
• Pact Group Holdings Australia Pty. Ltd.
• Pro-Pac Packaging Pty. Ltd.
• Cospak Pty. Ltd.

Competitive Landscape

Key players competing in the Australia plastic packaging market share include Synergy Packaging; Orora Packaging Australia Pty. Ltd.; Pact Group Holdings Australia Pty. Ltd.; Pro-Pac Packaging Pty. Ltd.; and Cospak Pty. Ltd. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.