Australia PE Films Market Report and Forecast 2024-2032

Australia PE Films Market Outlook

The Australia PE Films market size reached USD 795.94 million in 2023. The market is expected to grow at a CAGR of 2.10% between 2024 and 2032, reaching almost USD 972.51 million by 2032.

Key Takeaways:

• As per the Parliament of Australia, the estimated total expenditure on health for 2022–23 amounts to $105.8 billion, accounting for 16.8% of the Australian Government's overall spending. This contributes positively to the Australia PE films market.

• The Australian Packaging Covenant Organisation approximates that around 6.74 million tonnes of packaging were introduced to the Australian market in the 2020–21 period.

• As per the Australian Fashion Council, the annual import of new clothing in 2018-19 amounted to 1,420,000,000 units, valued at $9,200,000,000 FOB, and weighing 373,000 tonnes.

Stretch films contribute to the Australia PE films market growth due to their cost-effectiveness as a packaging solution, providing efficiency and savings in material and labour costs compared to alternatives like strapping or shrink wrapping

Stretch Films in the PE films market offer secure and stable packaging for pallets and goods during transport, shielding them from dust, moisture, and tampering. They improve load stability, decrease product damage, and enhance efficiency in logistics and storage.

Shrink Films provides snug packaging for products of diverse sizes and shapes. They safeguard against external elements like dust and moisture, while also offering tamper-evident features. Additionally, shrink films enhance the presentation of retail products, boosting shelf appeal and customer satisfaction.

KM Packaging, a British flexible packaging firm, has launched sustainable lidding films in Australia. These films aid compliance with the Australian Packaging Covenant Organisation (APE FILMSO) national packaging targets and include options like REDcycle, post consumer recycled material/resin (PE FILMSR), compostable, and tethered.

Market Segmentation

Australia PE Films Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Stretch Films

• Shrink Films

Market Breakup by Material Type

• High-density Polyethylene (HDPE)

• Low-density Polyethylene (LDPE)

• Linear Low-density Polyethylene (LLDPE)

• Others

Market Breakup by Thickness

• Less than 50 Micron

• 50 to 100 Microns

• 101 to 200 Microns

• Above 200 Micron

• Others

Market Breakup by Technology

• Blow Film Extrusion

• Cast Film Extrusion

Market Breakup by Application

• Household

• Agriculture

• Construction

• Food & Beverage

• Personal Care & Cosmetics

• Packaging Film

• Electrical & Electronics

• Healthcare

• Bags & Sacks

• Consumer Goods

• Pharmaceuticals

• Automotive Equipment

• Industrial

• Textile

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia PE films market key players are Polyem Pty Ltd., Dolphin Plastics & Packaging, Meridian Plastics Pty Ltd., Gundle Gelpack Pty Ltd., Polywrap, Shamrock Poly Pty Ltd., and Pro-Pac Packaging Limited among others.

Key Highlights of the Report