Australia PET Packaging Market Report and Forecast 2024-2032

Australia PET Packaging Market Outlook

The Australia PET packaging market size reached USD 312.53 million in 2023. The market is expected to grow at a CAGR of 2.03% between 2024 and 2032, reaching almost USD 374.56 million by 2032.

Key Takeaways:

• According to the goals set by the Australian Packaging Covenant Organisation, the aim is to have 70% of plastic packaging recycled or composted by 2025, which is expected to drive the Australia PET packaging market growth. 

• According to information from the International Trade Administration, the cosmetics sector in Australia is valued at USD 3.5 billion, playing a role in the growth of the Australia PET packaging market.

• The United States Department of Agriculture (USDA) reported that in 2021, the turnover of the food industry in Australia reached A$116 billion (US$80.4 billion), with more than 16,000 enterprises operating within the sector.

Australia PET packaging market experiences a significant boost from rigid packaging, attributed to its durable and robust material properties that offer exceptional product protection throughout handling, shipping, and storage processes.

Rigid PET packaging provides durability, transparency for product visibility, cost-efficient lightweight construction, versatile design possibilities, high recyclability, and exceptional barrier properties for maintaining product freshness and quality.

Flexible PET packaging features lightweight construction for efficient transportation costs, space-saving advantages, customizable designs for improved product attractiveness, user-friendly features such as resealable options, minimized material waste, superior product protection, and recyclability to promote sustainability.

In 2023, Circular Plastics Australia (CPA) launched the largest PET plastic bottle recycling plant in Melbourne, Victoria. This facility, a joint venture of Pact, Cleanaway Waste Management, Asahi Beverages, and Coca-Cola Europacific Partners, signifies significant progress.

Market Segmentation

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

Market Breakup by Packaging Type

• Rigid Packaging

• Flexible Packaging

Market Breakup by Form

• Crystalline PET

• Amorphous PET

Market Breakup by Pack Type

• Trays and Clamshells 

• Bottles and Jars

• Lids/Caps and Closures

• Bags and Pouches

• Others 

Market Breakup by Filling Technology

• Cold Fill

• Hot Fill

• Aseptic Fill

• Others

Market Breakup by End Use

• Beverages Industry
  • Milk and Dairy Products
  • Bottled Water
  • Beer
  • Carbonated Soft Drinks
  • Juices
  • Others
• Food Industry

• Household Goods Sector

• Pharmaceutical Industry

• Personal Care 

• Chemicals 

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia PET packaging market key players are Pact Group Holdings Ltd Packaging Products | Pact Group, Orora Packaging Australia Pty Ltd (Orora Limited) Orora | Rigid packaging (ororagroup.com), Filton Packaging Lidding Films - Filton Packaging, IC Plastica Pty Ltd. and Queensland Blow Moulders Pty Ltd among others.

Key Highlights of the Report