Australia Packaging Market Size Set to Cross USD 16.3 Billion by 2029

Published | 23 August 2023

Australia packaging market is flourishing because of the growing organized retail sector to meet the increasing needs from the rapidly urbanized population.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Australia packaging market size at USD 11.6 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Australia packaging market size to grow at a steady CAGR of 5.83% reaching a value of USD 16.31 billion by 2029. Major growth drivers for the Australia packaging market include an increasing demand due to population growth and urbanization, a focus on sustainable and eco-friendly packaging solutions, and technological advancements. The thriving e-commerce has also contributed to the demand for secure and efficient packaging for shipping and delivery. Innovation, customization, and adherence to regulatory guidelines play crucial roles in shaping the competitive landscape. The COVID-19 pandemic has further influenced packaging preferences, emphasizing hygiene and single-use options. As the Australian market continues to evolve, sustainability, innovation, and adapting to changing consumer preferences will be critical for packaging companies to maintain their competitiveness and meet the demands of a dynamic market.

Australia Packaging Market – Overview

Australia packaging market refers to the industry involved in the manufacturing, designing, and distribution of various types of packaging materials and solutions within the country. These packaging materials can be used to protect, store, transport, and promote goods across different sectors, including food and beverages, pharmaceuticals, personal care, electronics, and industrial products. The market encompasses a wide range of packaging formats, such as rigid and flexible packaging, bottles, cans, cartons, pouches, and more. It includes both primary packaging that directly contains the product and secondary packaging that provides additional protection during distribution. The Australia packaging market plays a crucial role in ensuring product safety, shelf appeal, and compliance with regulatory standards while meeting the diverse packaging needs of businesses and consumers in the country.

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Impact of COVID-19 on Australia Packaging Market

COVID-19 pandemic had a mixed impact on the Australia packaging market. With the outbreak, there was a surge in demand for essential goods, resulting in increased packaging needs for various products. Health and safety concerns led to a preference for single-use and hygienic packaging options. The e-commerce sector experienced substantial growth, leading to a higher demand for protective and efficient packaging solutions. However, challenges arose due to supply chain disruptions, workforce limitations, and fluctuations in raw material prices. The pandemic prompted a shift in consumer behavior and packaging requirements, accelerating the adoption of sustainable and eco-friendly packaging practices to address hygiene and environmental concerns.

Australia Packaging Market – By Packaging Material

By packaging material, the Australia packaging market is divided into Flexible Packaging, Rigid Plastic Packaging, and Board Packaging & Glass segments. The board packaging & glass segment held the highest market share by packaging material. Board packaging, such as corrugated boxes and paperboard cartons, offers versatility and strength, making it widely used in various industries. Additionally, its recyclability and biodegradability align with the growing demand for sustainable packaging solutions. Glass packaging, on the other hand, is favored in the pharmaceutical and personal care sectors due to its barrier properties and ability to preserve product integrity. Moreover, its association with premium branding and recyclability adds to its appeal. As the market evolves, the demand for eco-friendly options and the packaging needs of key industries continue to drive the dominance of these segments. Meanwhile, the rigid plastic packaging segment is expected to witness the fastest growth rate during the forecast period. Rigid plastic packaging offers a wide range of benefits, including its lightweight nature, durability, and versatility, making it suitable for packaging various products across industries. Its ability to protect goods and prolong shelf life has made it a preferred choice for the food and beverage sector. Moreover, rigid plastic's cost-effectiveness and ease of manufacturing contribute to its popularity among businesses. The material's excellent barrier properties, resistance to moisture, and ability to preserve product quality have also led to its increased use in pharmaceutical and personal care packaging.

Competitive Landscape

Major players operating in the Australia packaging market include International Paper Company, Mondi Group, Smurfit Kappa Group, DS Smith PLC, WestRock Company, UFlex Limited, Huhtamaki OYJ, Amcor PLC, and Coveris Holding SA. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Australia Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Australia 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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