Australia And New Zealand Plastic Bottles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 453.85 Million |
| Market Size (2029) | USD 531.08 Million |
| CAGR (2024 - 2029) | 3.19 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Australia And New Zealand Plastic Bottles Market Analysis
The Australia And New Zealand Plastic Bottles Market size is estimated at USD 453.85 million in 2024, and is expected to reach USD 531.08 million by 2029, growing at a CAGR of 3.19% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 494.06 million tonnes in 2024 to 574.93 million tonnes by 2029, at a CAGR of 3.08% during the forecast period (2024-2029).
The demand for plastic bottles is projected to surge in countries with growing populations and increasing disposable incomes. As sustainable plastic bottles gain traction, businesses in the plastic bottle industry are seizing opportunities and venturing into innovations like recycled plastic bottles.
- The region's population surged in the last decade, leading to heightened demand for consumables. These include beverages, which increasingly favor plastic packaging for its lightweight portability. In Australia, the demand for single-serve and portable drinks, driven by changing lifestyles, is the primary force propelling the growth of the plastic packaging market.
- The advent of polymers like polyethylene terephthalate (PET) and high-density polyethylene (HDPE) is broadening the horizons for plastic bottle applications, leading to a surge in PET bottle demand. End-users gravitate towards plastic bottles crafted from polyethylene terephthalate, polypropylene, and polyethylene. These materials are not only lightweight but also easily recyclable. The economic advantages of plastic and a growing reliance on packaged processed foods and beverages are set to shape the market dynamics in the coming years.
- Australia has set its sights on the ambitious 2025 National Packaging Targets, charting a sustainable course for corporate packaging management. The industry and government back these targets, encompassing all packaging produced, utilized, and sold nationwide. The government has entrusted the Australian Packaging Covenant Organisation (APCO) to oversee achieving these goals. In alignment, the Australian Government is embracing a Circular Economy model, aiming for 100% sustainable packaging by 2025. This would encourage companies to innovate recyclable plastic bottles in the country.
- According to a study by Chemistry Australia, Australians consume roughly 3.5 million tonnes of plastic annually, representing about 1% of the global demand. Notably, 60% of these plastics are imported as finished or semi-finished goods, while the remaining 40% is produced locally, utilizing both virgin and recycled resins.
- To boost Australia's recycling efforts, members of Chemistry Australia are enhancing mechanical recycling and investing in advanced recycling technologies, aiming to broaden the spectrum and volume of recycled plastic products. This method complements traditional mechanical recycling, and both will be essential for Australia to realize its vision of a Plastics Circular Economy.
- Plastic pollution poses a significant challenge in New Zealand, with plastics dominating the litter on its beaches. Microplastics have infiltrated remote regions and densely populated urban areas, extending their reach to coastal waters. In response to this pressing issue, the New Zealand government is implementing a waste strategy rooted in the principles of a circular economy. Furthermore, New Zealand supports the cause globally, actively pursuing an international plastic pollution treaty. It also unveiled a draft version in September 2023.
Australia And New Zealand Plastic Bottles Market Trends
Recyclable Plastic Materials Such as Polyethylene Terephthalate (PET) To Witness Growth
- The industry manufactures and imports raw materials (polymers), designs and manufactures these into finished goods to meet consumer demand, and recovers and recycles these back into new raw materials for ongoing use in increasingly circular economies.
- In April 2024, The Asahi Group Australia supports adopting recycled PET bottles. Recycled PET bottles derive from PET resin sourced from repurposed PET bottles and others. Asahi Beverages, managing its non-alcoholic beverage division in Australia, has used recycled PET bottles for its Cool Ridge mineral water brand since 2019. The company is set on broadening this initiative, aiming for a complete transition to 100% recycled content in its PET bottles by 2030.
- Furthermore, in May 2023, Coca-Cola New Zealand announced a significant shift: after nearly 60 years, Sprite's iconic green plastic bottles will transition to clear plastic. This change aims to enhance recyclability, making the bottles more easily repurposed into new ones. Although green PET plastic is recyclable, it is typically converted into single-use items, such as clothing and carpets, which lack further recyclability. By moving from its signature green to clear bottles, the company is bolstering local recycling systems and enhancing the chances of these bottles being remade into new ones.
- Australia's plastic consumption is projected to more than double by 2050. Recently, the Australian Government has unveiled multiple initiatives targeting plastic waste reduction. These initiatives encompass the 2018 National Waste Policy, the 2019 National Waste Policy Action Plan, the Australian Packaging Covenant, and an ambitious target to recycle or reuse all plastic waste and eliminate plastic pollution by 2040.
- According to Statistics New Zealand, the import value of plastic and plastic articles in New Zealand in February 2024 was NZD 249 million (USD 152.76 million), up from NZD 203 million (USD 124.5 million) in October 2023. However, PET has become an essential resin, celebrated for its recyclability and promise of circularity. Collecting, processing, and reimagining used PET products into new packaging materials can significantly lessen the reliance on virgin resources and curb environmental waste.
Plastic Bottles Set for Robust Expansion in Beverage Sector
- The beverage market encompassing soft, energy, sports, and ready-to-drink (RTD) coffee has consistently grown. This upward trajectory is anticipated to persist, compelling the industry to swiftly adapt to current and emerging trends. Beyond seeking innovative flavours, consumers increasingly prioritise healthier options, reduced sugar content, and plant-based variants of their favourite beverages.
- According to Döhler, a global leader in producing and marketing technology-driven natural ingredients and integrated solutions for the food, beverage, and nutrition sectors, trends prioritizing naturalness, health, and plant-based nutrition dominate the beverage landscape in Australia and New Zealand. Notably, Kombucha, a contemporary fermented tea, has significantly increased in popularity.
- Furthermore, non-alcoholic beers have emerged as a leading force in the beer market. While global consumption of alcoholic beers sees only a modest uptick, non-alcoholic counterparts are swiftly capturing a larger slice of the market. This shift is particularly pronounced in Australia and New Zealand.
- Moreover, the appetite for non-alcoholic options is rising in the spirits domain. Globally, non-alcoholic spirits are projected to expand at an annual rate of 7.5% by 2024. Beyond low alcohol content, consumers are increasingly scrutinizing the sugar levels in their beverages. In Australia and New Zealand, there's a notable shift toward sugar-free or reduced-sugar versions of spirits. This would drive the demand for plastic bottles market.
- According to the Australian Bureau of Statistics, the consumer price index (CPI) for alcoholic beverages in 2020 was 117, and it reached 126.4 in 2023. The rising adoption of plastic bottles has become essential for numerous packaging enterprises in Australia and New Zealand. This surge is primarily fueled by the swift growth of Australia's beverage industry.
- Australia stands out as a leading consumer of plastic bottles. Data from Sustainability Victoria, the Australian government agency, reveals that Australians purchase nearly 15 billion plastic bottles annually, catering to household and commercial needs. The appetite for plastic bottles and containers continues to swell as the nation witnesses a surge in bottled water, soft drinks, and other ready-to-drink beverages.
Australia And New Zealand Plastic Bottles Industry Overview
The Australia and New Zealand Bottles market is fragmented with the presence of various domestic and global players such as Visy Group, Synergy Packaging Pty Ltd (Pact Group Holdings Ltd), Weltrade Packaging, Plas-Pak (WA) Pty Ltd, Waipak NZ Ltd, and more. The companies operating in the region expand their business through innovations, collaborations, mergers, and more.
- December 2023 - A USD 50 million facility in Melbourne has begun operations. It can recycle up to one billion 600ml PET plastic beverage bottles annually. This launch coincides with the initiation of Victoria’s Container Deposit Scheme. Circular Plastics Australia (PET) is a collaborative venture between Pact Group, Cleanaway Waste Management, Asahi Beverages, and Coca-Cola Europacific Partners (CCEP). The plant is pivotal in recycling PET bottles gathered through the Container Deposit Scheme, alongside PET plastic packaging sourced from household and office recycling bins.
Australia And New Zealand Plastic Bottles Market Leaders
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Synergy Packaging Pty Ltd. (Pact Group Holdings Ltd)
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Plas-Pak (WA) Pty Ltd
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Visy Group
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Weltrade Packaging
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Waipak NZ Ltd
*Disclaimer: Major Players sorted in no particular order
Australia And New Zealand Plastic Bottles Market News
- August 2024 - Coca-Cola Europacific Partners (CCEP) is set to invest an additional USD 105.5 million in a new Warmfill Line at its Moorabbin plant in Victoria, Australia. This marks a significant single investment in CCEP's Australian manufacturing network, underscoring the company's commitment to efficiently delivering high-quality beverages to an expanding customer base. With a rising consumer focus on health and wellness, especially towards no-sugar variants, sports drinks are anticipated to be among the fastest-growing categories in the non-alcoholic ready-to-drink (NARTD) segment. This would push the country's market for plastic bottles.
- August 2023 - Beam Suntory and Frucor Suntory have unveiled Suntory Oceania, a new AUD 3 billion (USD 1.99 billion) multi-beverage collaboration targeting both premium spirits and non-alcohol segments in Australia and New Zealand. With Suntory Oceania, Beam Suntory and Frucor Suntory are set to establish the fourth-largest beverage group in Australia and New Zealand, gaining comprehensive control over their portfolio, encompassing manufacturing, sales, and distribution. Preparations are underway to fully operationalize the partnership by mid-2025 in Australia and by 2026 in New Zealand.
Australia And New Zealand Plastic Bottles Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitute Products and Services
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Need for Healthy and RTD Beverages to Push the Market
- 5.1.2 Plastic Recycling Trends Set to Propel the Market
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5.2 Market Challenges
- 5.2.1 Environmental Concerns and the Stringent Government Regulations
6. MARKET SEGMENTATION
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6.1 By Resin
- 6.1.1 Polyethylene (PE)
- 6.1.2 Polyethylene Terephthalate (PET)
- 6.1.3 Polypropylene (PP)
- 6.1.4 Other Resins
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6.2 By End-user Industries
- 6.2.1 Food
- 6.2.2 Beverage**
- 6.2.2.1 Bottled Water
- 6.2.2.2 Carbonated Soft Drinks
- 6.2.2.3 Alcoholic Beverages
- 6.2.2.4 Juices and Energy Drinks
- 6.2.2.5 Other Beverages
- 6.2.3 Pharmaceuticals
- 6.2.4 Personal Care and Toiletries
- 6.2.5 Industrial
- 6.2.6 Household Chemicals
- 6.2.7 Paints and Coatings
- 6.2.8 Other End-user Industries
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles*
- 7.1.1 Plas-Pak (WA) Pty Ltd
- 7.1.2 Synergy Packaging Pty Ltd (Pact Group Holdings Ltd)
- 7.1.3 Weltrade Packaging
- 7.1.4 Quality Blow Moulders
- 7.1.5 Visy Group
- 7.1.6 PB Packaging
- 7.1.7 Ant Packaging Pty Ltd
- 7.1.8 TSL Plastics Ltd
- 7.1.9 Waipak NZ Ltd
- 7.1.10 LinkPlas Ltd
- 7.1.11 Flexicon Plastics
- 7.2 Competitor Analysis - Emerging vs. Established Players
8. RECYCLING AND SUSTAINABILITY LANDSCAPE
9. FUTURE OF THE MARKET
** Subject To AvailablityAustralia And New Zealand Plastic Bottles Industry Segmentation
The scope of the study characterizes the plastic bottles market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as Food, Pharmaceuticals, Beverage, Personal Care, and Toiletries, and more across various countries. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The Australian and New Zealand Plastic Bottles Market is Segmented by Resin (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), and Other Resins) and by End-User Industries (Food, Beverage (Bottled Water, Carbonated Soft Drinks, Alcoholic Beverages, Juices and Energy Drinks and Other Beverages (Powdered and Dairy-Based Beverages), Pharmaceuticals, Personal Care and Toiletries, Household Chemicals, Paints and Coatings, and Other End-User Industries). The Market Sizing and Forecasts are Provided in Terms of Value (USD) and Volume (Tonnes) for all the Above Segments.
| By Resin | Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | ||
| Polypropylene (PP) | ||
| Other Resins | ||
| By End-user Industries | Food | |
| Beverage** | Bottled Water | |
| Carbonated Soft Drinks | ||
| Alcoholic Beverages | ||
| Juices and Energy Drinks | ||
| Other Beverages | ||
| Pharmaceuticals | ||
| Personal Care and Toiletries | ||
| Industrial | ||
| Household Chemicals | ||
| Paints and Coatings | ||
| Other End-user Industries |
Australia And New Zealand Plastic Bottles Market Research FAQs
How big is the Australia And New Zealand Plastic Bottles Market?
The Australia And New Zealand Plastic Bottles Market size is expected to reach USD 453.85 million in 2024 and grow at a CAGR of 3.19% to reach USD 531.08 million by 2029.
What is the current Australia And New Zealand Plastic Bottles Market size?
In 2024, the Australia And New Zealand Plastic Bottles Market size is expected to reach USD 453.85 million.
Who are the key players in Australia And New Zealand Plastic Bottles Market?
Synergy Packaging Pty Ltd. (Pact Group Holdings Ltd), Plas-Pak (WA) Pty Ltd, Visy Group, Weltrade Packaging and Waipak NZ Ltd are the major companies operating in the Australia And New Zealand Plastic Bottles Market.
What years does this Australia And New Zealand Plastic Bottles Market cover, and what was the market size in 2023?
In 2023, the Australia And New Zealand Plastic Bottles Market size was estimated at USD 439.37 million. The report covers the Australia And New Zealand Plastic Bottles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia And New Zealand Plastic Bottles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Australia And New Zealand Plastic Bottles Industry Report
Statistics for the 2024 Australia And New Zealand Plastic Bottles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia And New Zealand Plastic Bottles analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.
