Australia Flexible Packaging Market Size Set to Touch USD 2.6 Billion by 2029

Published | 21 August 2023

Australia flexible packaging market is gaining traction because of the increasing demand from the food industry and a growing focus on eco-friendly packaging and recycled plastics.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Australia flexible packaging market size at USD 1.84 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Australia flexible packaging market size to grow at a CAGR of 5.78% reaching a value of USD 2.57 billion by 2029. A spurring demand from the thriving food sector and the flexibility it offers in packaging compared to alternatives are two major growth drivers for the Australia flexible packaging market. Furthermore, during the forecast period, the market is expected to benefit greatly from growing technological and material developments in flexible packaging.

Australia Flexible Packaging Market – Overview

Flexible packaging is a box or container made of flexible materials that can be effortlessly reshaped after filling or closing. It maintains the proper temperature, removes oxygen, and absorbs moisture to keep the product fresh throughout transit or its inactive life. Materials that break down easily, such as polyethylene, polyvinyl chloride, polypropylene, and polyester, are used to create this packaging. Flexible packaging has several uses and is appropriate for various businesses in the food, home, and personal use sectors.

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Australia Flexible Packaging Market

Segmental Information

Australia Flexible Packaging Market – By Packaging Material

Based on packaging material, the Australia flexible packaging market is segmented into paper, aluminum foil, biaxially oriented polypropylene (BOPP), polyethylene foil, polyethylene terephthalate, bioplastics, and others. The paper segment holds the highest share in the Australia flexible packaging market owing to the rising demand for sustainable and eco-friendly packaging. Australian firms are beginning to recognize the benefits of flexible packaging. The food and beverages sector has begun to use paper packaging as it is not only reliable and long-lasting, but also environmentally friendly, which is necessary for the environment.

Impact of COVID-19 on Australia Flexible Packaging Market

The COVID-19 pandemic significantly proliferated the growth of the Australia packaging market. The imposition of lockdown and adoption of remote working culture led to increased demand for packaged food and beverage products in the country. With increasing demand, food manufacturers also focused on adopting low-cost and versatile packaging materials that can offer longer shelf life to their products during mass hoarding. As a result, the demand for flexible packaging witnessed a significant boom in Australia, propelling the overall market growth.

Competitive Landscape

Major players operating in the Australia flexible packaging market include The Bag Broker AU, Orora Packaging Australia Pty Ltd, FPS Super Pty Ltd, Filton Packaging, Gravure Packaging Pty Ltd, Perfection Packaging Pty Ltd, Wing Flexible Packaging Pty Ltd, Supreme Packaging Pty Ltd, Metal Print Australia Pty Ltd, and A&M Packaging Pty Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Australia Flexible Packaging Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Australia Flexible Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Australia Flexible Packaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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