Australia Packaging Market Insights Forecasts to 2033

• The Australia Packaging Market Size was valued at USD 12.82 Billion in 2023.
• The Market Size is Growing at a CAGR of 5.90% from 2023 to 2033
• The Australia Packaging Market Size is Expected to Reach USD 22.75 Billion by 2033

The Australia Packaging Market Size is Anticipated to Reach USD 22.75 Billion by 2033, growing at a CAGR of 5.90% from 2023 to 2033.

Market Overview

Usage, distribution, storage, and sale of goods that are designed, assessed, and created in the container to safeguard and enclose them in the scientific, artistic, and technological process of packaging. This well-organized system gets ready for sale, transportation, warehousing, and final use. Bottles, cans, cartons, pouches, and rigid and flexible packaging are the various types of packaging. It also includes primary packaging, which holds the product directly, and secondary packaging, which offers extra protection while distributing. To maintain product safety, shelf appeal, and regulatory compliance, the packaging material is essential in order to satisfy the needs of Australian consumers and businesses. Rising demand for packaging goods and services, along with the increasing urbanization, are expected to fuel the growth of Australia packaging market.

Report Coverage

This research report categorizes the market for the Australia packaging based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia packaging market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia packaging market.

Driving Factors

As the population is increasing, the demand for consumer goods and products is rising. Changing lifestyles due to growing urbanization and the growth in e-commerce raises the need for safe and effective packaging for delivery. Thus, a wide variety of packaging formats and materials are provided by the market in response to the growing needs and urbanization. The introduction of recyclable and sustainable packaging materials and the growth in the organized retail sector are driving the market. In September 2024, the Australian Government launched a consultation process aiming at reforming packaging regulations by promoting a circular economy, reducing waste, and boosting recycling rates.

Restraining Factors

Environmental concerns and the growing demand for sustainable, eco-friendly solutions are the major restraining factors in the Australia packaging market. Businesses are evolving as consumers are seeking recyclable, biodegradable, or renewable materials. Furthermore, this will require higher production costs, research, and development investment.

Market Segmentation

The Australia Packaging Market share is classified into packaging material and end-use.

• The board packaging & glass segment is expected to hold the largest market share through the forecast period.

The Australia packaging market is segmented by packaging material into flexible packaging, rigid plastic packaging, and board packaging & glass. Among these, the board packaging & glass segment is expected to hold the largest market share through the forecast period. Paperboard cartons and corrugated boxes are just some examples of board packaging, where much strength and versatility lead this material to be widely used in multiple industries. Furthermore, its biodegradability and recyclability meet the rising demand for environmentally friendly packaging options.

• The food & beverages segment is expected to dominate the Australia packaging market during the forecast period.       

Based on the end use, the Australia packaging market is divided into food & beverages, healthcare & cosmetics, consumer goods, and industrial. Among these, the food & beverages segment is expected to dominate the Australia packaging market during the forecast period. The food & beverages industry, with its product range of ready-to-eat meals, packaged foods, and beverages, has a continuous demand for packaging solutions that are reliable and efficient. Moreover, stringent food safety and hygiene legislations encourage more use of packaging materials, such as bottles, cans, and pouches because such packaging has to be safe.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia packaging market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• International Paper Company
• Mondi Group
• Smurfit Kappa Group
• DS Smith PLC
• WestRock Company
• Huhtamaki OYJ
• Amcor PLC
• Coveris Holding SA
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In July 2024, a high-speed regional cardboard packaging manufacturing facility was established by Opal, an Australian company that manufactures paper and fiber packaging, in Barnawartha, Victoria, Australia. By locally manufacturing fiber packaging that is both recycled and reusable, the facility supports Opal's circular economy strategy.

Market Segment

This study forecasts revenue at Australia, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Australia packaging market based on the below-mentioned segments:

Australia Packaging Market, By Packaging Material

• Flexible Packaging
• Rigid Plastic Packaging
• Board Packaging & Glass

Australia Packaging Market, By End Use

• Food & Beverages,
• Healthcare & Cosmetics
• Consumer Goods
• Industrial