Australia Plastic Packaging Market Report and Forecast 2024-2032

Australia Plastic Packaging Market Outlook

The Australia plastic packaging market size reached USD 2.46 billion in 2023. The market is expected to grow at a CAGR of 2.32% between 2024 and 2032, reaching almost USD 3.01 billion by 2032.

Key Takeaways:

• The Australian Packaging Covenant Organisation estimates that the total amount of packaging placed on the market in Australia in 2020–21 is approximately 6.74 million tonnes.

• In the packaging placed on the market in 2020–21, paper and paperboard packaging accounted for approximately half (50.3%), followed by glass packaging (19.0%), plastic packaging (17.5%), wood packaging (9.5%), and metal packaging (3.8%).

• As per the Australian Packaging Covenant Organisation's target, 70% of plastic packaging should be recycled or composted by the year 2025 thus boosting the Australia plastic packaging market growth.

Flexible packaging has seen a surge in the Australia plastic packaging market due to its versatility, catering to a broad spectrum of products such as snacks, pet food, medical devices, and industrial components

Flexible plastic packaging provides lightweight, economical, and adaptable solutions, prolonging shelf life, offering convenience, optimizing space, enabling vibrant branding, sustainability, protection, waste reduction, e-commerce support, customization, and safety.

Rigid packaging ensures sturdy protection, impact resistance, product visibility, brand strength, recyclability, secure sealing, premium aesthetics, branding versatility, and chemical durability, ensuring product durability.

TricorBraun had acquired Plas-Pak WA, an Australian plastic packaging company, thereby expanding its global reach. Plas-Pak WA specialized in plastic packaging components for diverse industries in Australia and New Zealand.

Mondelez International had invested in Licella, an Australian recycling technology firm, in collaboration with Amcor. Licella's Cat-HTR platform had converted waste plastics into high-quality oil, promoting a circular economy and reducing the carbon footprint.

Market Segmentation

Australia Plastic 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

• Flexible

Market Breakup by Material Type

• Polyethylene (PE)

• Polypropylene (PP)

• Polystyrene (PS) and Expanded Polystyrene (EPS)

• Polyethylene Terephthalate (PET)

• Polyvinyl Chloride (PVC)

• Others

Market Breakup by Product

• Bottles and Jars

• Tub

• Cup Bowls and Trays

• Others

Market Breakup by End Use

• Healthcare

• Food

• Cosmetics and Personal Care

• Beverage

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Others

The Australia plastic packaging market key players are Orora Packaging Australia Pty Ltd., Filton Packaging, Fine Pack Pty Ltd., Gravure Packaging, Pro-Pac Group Pty Limited, A&M Packaging, Caspak Products Pty Ltd., Visy Industries Australia Pty Ltd., San Miguel Yamamura Packaging Corporation and Plasmo Pty. Ltd. among others.

Key Highlights of the Report