1. Market Research
  2. > Packaging Market Trends
Australia Plastic Packaging Market - Growth, Trends, and Forecast (2019 - 2024)

Australia Plastic Packaging Market - Growth, Trends, and Forecast (2019 - 2024)

  • November 2019
  • 142 pages
  • ID: 5865749
  • Format: PDF
  • By Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Market Overview
The Australia plastic packaging market was valued at USD 3328.1 million in 2018 and is expected to reach USD 4152.2 million by 2024, registering a CAGR of 3.8%, during the period of 2019-2024. Polyethylene Terephthalate (PETE or PET) is found commonly in most plastic packed products in the country. According to Macquarie University, Australians buy more than approximately 118,000 tons of plastic drink bottles a year, despite 250 stringent checks by Australian water utilities for tap water. Based on such projections, the existing packaging manufacturers are seen increasing their capacities to meet the scale of domestic demand.

- Australia witnessed a surge in population, representing millennials than baby boomers as per Australian Bureau Statistics. This is expected to drive the demand for more consumables like beverages, packaged and ready meals, packaged drinking water, convenience packages like microwave and oven safe, among others, which prefer plastic packaging medium over other alternatives owing high portability enabled by lightweight of the plastics.
- Moreover, the production and consumption of PET materials in the country are on the rise and are ending up in the landfill. Such major problems of plastic waste management aroused since the Chinese government announced a ban on imported low-value and contaminated plastic materials in 2018, disrupting the export of 30% of Australia’s recyclable plastics.
- In response, the Australian Government realized adoption of the Circular Economy model aligning with 100% sustainable packaging practice by 2025. Major FMCG companies have taken initiatives on these lines, for instance, Coca Cola Amatil announced that by the end of 2019, 70% of its plastics bottles manufactured in the country will be made from recycled plastics. Also, earlier in 2018, Unilever launched Omo’s EcoActive laundry detergent with containers/bottles made from 25% PET, sourced in Australia itself.
- However, the country is undertaking efforts to reduce plastic packaging, but the benefits that it has in comparison to alternatives is enabling the manufacturers to continue production.

Scope of the Report
The Australia plastic packaging market is divided into three key segments. Rigid Packaging, Flexible Packaging, and Industrial Plastic Films. Rigid packaging considers products such as plastic bottles, trays, and containers, etc., made from PET, PP, PS, EPS, PVC, and PE. The flexible packaging segment considers all package films, pouches, bags, etc., other than the films and wraps that are used in industrial packaging applications. The scope of the industrial plastic film has been defined to include the stretch wrap films, and agricultural films usually made of LLDPE for wrapping pallets, agricultural haystacks, and rolls, etc.

Key Market Trends
Beverage Segment to Augment the Australia Plastic Packaging Market

- The beverage industry plays a vital role in Australia. The changing consumer preferences, from alcoholic and carbonated beverages, to organic and dairy beverages, are creating immense market opportunities for flexible packaging vendors in the country. According to the Australian Bureau of Statistics (ABS), the alcohol consumption rate in the country declined over the last 55 years.
- Moreover, Australia is increasingly becoming a major exporter of dairy products. The milk production in the country is estimated to have exceeded the volume required for domestic consumption, thus, creating a marketable surplus, for the export markets.
- In the current market scenario, exports cover almost 30–60% of the total production in the country, ranking fourth, in terms of global dairy trade (as of 2018). Such an increase in the import and export of milk products in the country is offering several opportunities for the flexible plastic packaging vendors in Australia.
- However, increasing packaging alternatives pose a significant threat to plastic packaging products in the beverage industry. For instance, in October 2019, Brownes Dairy replaced its existing plastic and paper packaging products, with carton packages made entirely from plant-based, renewable materials. The bio-based packages offer more durable alternatives to the standard milk cartons, thus, eliminating the need for polyethylene plastic films and linings.

Stretch Film to Execute a Significant Growth Rate Over the Forecast Period

- Films and wraps that are used in industrial applications are considered under this segment. Agricultural films and consumer-oriented application films are not considered in this segment.
- Stretch films are highly stretchable plastic films that are wrapped around products and are majorly used in industrial applications. The elastic recovery feature of the films keeps the items tightly bound. In contrast, shrink wrap is applied loosely around an item and shrinks tightly with heat.
- LDPE, HDPE, and PVC are some of the majorly adopted materials for stretch films in the country. In 2018, HDPE and PVC were the most adopted plastic materials in the country’s construction sector, whereas LDPE and HDPE were the most adopted in commercial and industrial packaging. The freight packaging and building sectors are some of the sectors, where these films find massive applications.
- Moreover, the Australian company, Pro-Pak, offers the new-generation Macro Stretch Film, which provides ease of packing and helps reduce plastic waste. According to the company, the film is proving to be a major success across the fresh produce industry.

Competitive Landscape
Australia’s plastic packaging market is a fragmented market, as the market has the presence of established manufacturers. Present competitors in the market are striving to differentiate their offerings based on recycled content in packages and ease of recyclability of the plastic packaging and are competing with international players who occupy a larger share in the market. This makes the rivalry intense in the market. Key players are Orora Packaging Australia Pty Ltd, Filton Packaging Pty Ltd., Flexible Packaging Solutions Pty Ltd., Econopak Flexible Packaging, A&M Packaging Pty Ltd., Caspak Products Pty Ltd., Vacupack Pty Ltd., among others. Recent developments in the market are -
- September 2019 - The market witnessed some players expanding their production, with PM Morrison opening its new USD 20 million worth Bickford’s bottling line, and Brownes Dairy Wiggles expanding into another region in Australia.
- August 2018 - Orara Packaging announced the acquisition of Bronco packaging and Pollock packaging based in Texas, by investing over USD 24 million and USD 80.5, respectively, as part of its expansion strategy in the North American market for its OPS business.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
15% Off

($3250)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Plastic Film Markets in China

  • $ 4000
  • January 2020
  • 219 pages

China’s demand for Plastic Film has grown at a fast pace in the past decade.In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which ...

Plastic Pipes Markets in China $ 4000 February 2020

Plastics Markets in China $ 4000 January 2020


ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on