Australia and New Zealand Rigid Plastic Packaging Market Size
| Study Period | 2022 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2022 - 2022 |
| CAGR (2024 - 2029) | 2.74 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia and New Zealand Rigid Plastic Packaging Market Analysis
The Australia And New Zealand Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 1.01 Million metric tons in 2024 to 1.15 Million metric tons by 2029, at a CAGR of 2.74% during the forecast period (2024-2029).
- Data from the US Department of Agriculture (USDA) ranks Australia as the world's 14th-largest economy. In Australia, the food, beverage, and grocery sectors account for a third of all business activity in the manufacturing landscape, thereby propelling the country's rigid plastic packaging industry. The market in the region is buoyed by a surge in domestic demand for healthy food products and a rise in exports of various food items.
- Meanwhile, New Zealand's grocery and food retail sector is witnessing growth, driven by changing consumer food preferences. The food, beverage, and grocery manufacturing sector constitutes nearly a third of New Zealand’s overall manufacturing landscape. Notably, New Zealand's imports from the United States, including packaged food, pet food, grapes, pork, cheese, beer, and wine, play a pivotal role in bolstering the demand for rigid plastic packaging solutions, including trays and containers.
- Regional manufacturers, including Primo Plastics and Forward Plastics Ltd, offer diverse rigid plastic packaging solutions. Their product lineup encompasses bottles, jars, trays, caps, and closures, catering to various end-use industries such as food, beverage, pharmaceuticals, cosmetics, and personal care. These manufacturers emphasize new product development to meet the evolving demands of the market.
- Despite this growth, Australia and New Zealand grapple with a pressing challenge: the rising consumption of plastics, which leads to significant packaging waste. The Australia Institute warns that by 2050, Australia's plastic consumption could more than double, resulting in increased landfill waste, a trend that could stifle market growth in the coming years.
Australia and New Zealand Rigid Plastic Packaging Market Trends
Bottles and Jars Segment is Estimated to Have the Largest Market Share
- Plastic bottles and jars crafted from polyethylene terephthalate (PET), polypropylene (PP), and polyethylene (PE) dominate the packaging landscape. Their durability and resistance to breakage ensure robust product protection, fueling their demand. Furthermore, these plastic bottles and jars excel in food packaging, thanks to their airtight seal against moisture, effectively preserving food freshness and amplifying demand.
- The region is experiencing a rising trend towards sustainable polyethylene terephthalate (PET) bottles in the beverage industry. A significant consumer pivot towards eco-friendly packaging largely drives this shift towards recycled PET (rPET) bottles. As manufacturers increasingly invest in sustainable plastic solutions, the market witnesses corresponding growth.
- Australia's burgeoning personal care and cosmetic sector is a key driver for the demand for plastic bottles and jars. The nation's inclination toward organic, vegan, and sustainable materials for skincare items such as creams and serums further fuels this demand. With Australia importing a significant portion of its cosmetics from the United States and France, the market sees a notable boost. Data from the International Trade Center (ITC) highlights a 17.31% surge in Australia's makeup product imports in 2023 compared to the prior year.
- New Zealand's increasing imports of plastics, essentially for packaging products, are propelling market growth in the country. As per Plastics New Zealand, LDPE (Low-Density Polyethylene) and HDPE (High-Density Polyethylene) lead the import charts, primarily serving the country's rigid plastic packaging needs.
Foodservice Segment Expected to Dominate the Market
- In Australia, a surge in tourism, urbanization, and the proliferation of food service providers, including restaurants, cafes, and pubs, fuel the demand for rigid plastic packaging. The US Department of Agriculture (USDA) notes a trend where consumers gravitate toward food establishments offering nutritious meal and drink choices, with a notable shift toward low or no-alcohol options. This health-conscious pivot, emphasizing fresher and healthier food choices, is poised to bolster market growth.
- New Zealand's burgeoning tourism and hospitality sector invigorate its food service industry. Echoing USDA insights, as consumers lean towards healthier food options, cafes are evolving their menus. This evolution includes a pivot to meat alternatives, coconut-based sweets, and an expanded salad variety, all driving the demand for rigid plastic packaging, especially for takeaway food containers.
- Regional manufacturers, including Primo Plastics and Forward Plastics Ltd, are catering to the food industry's packaging needs. They offer diverse packaging containers and customize them in various colors, shapes, and sizes, further amplifying product demand.
- Sales in Australia's cafes, restaurants, and takeaway services are on the rise due to many convenient and affordable fast food options. This uptick, from USD 5,302.5 million in April 2023 to USD 5,394.7 million in April 2024, is driving a heightened demand for plastic trays and containers. The Australian Bureau of Statistics (ABS) highlights this trend, underscoring its contribution to the market's growth.
Australia and New Zealand Rigid Plastic Packaging Industry Overview
The Australia and New Zealand Rigid Plastic Packaging Market is moderately consolidated, with Pact Group Holdings Limited, Sonoco Products Company, Forward Plastics Ltd, and Primo Plastics at the forefront. These companies compete for a larger regional market share, utilizing strategies such as new product development, expansion, and mergers and acquisitions.
- May 2024: Pact Group Holdings Ltd, an Australia-based company, clinched the Circular Economy Award at the Chemistry Australia Industry Awards for its ambitious initiative to recycle the equivalent of half a billion used milk bottles annually, transforming them into new milk bottles and other packaging products.
Australia and New Zealand Rigid Plastic Packaging Market Leaders
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Pact Group Holdings Limited
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Sonoco Products Company
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Forward Plastics Ltd.
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Primo Plastics
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Bericap Holding GmbH
*Disclaimer: Major Players sorted in no particular order
Australia and New Zealand Rigid Plastic Packaging Market News
- August 2024: Colgate Palmolive, a US-based consumer products company, adopted a circular packaging strategy. The company introduced bottles made entirely from recycled plastics for its Palmolive personal care line in Australia and New Zealand. Constructed from rHDPE and rPET, these bottles will likely prevent the annual use of over 1,900 tonnes of virgin plastic in the region.
- January 2024: TricorBraun, a US-based packaging manufacturer and distributor, acquired Plas-Pak WA, an Australian packaging manufacturer. Plas-Pak WA offers various plastic packaging components catering to diverse industries in Australia and New Zealand, such as food, beverage, and pharmaceuticals. This acquisition is poised to bolster TricorBraun's presence in the Australian market.
Australia and New Zealand Rigid Plastic Packaging 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
- 4.2 Industry Value Chain Analysis
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitutes
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Proliferation of the Food and Beverage Industry in the Region
- 5.1.2 Availability of a Diverse Raneg of Products in the Rigid Plastic Packaging Sector
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5.2 Market Challenge
- 5.2.1 Growing Environmental Concerns Regarding Plastic Waste
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
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7.1 By Product Type
- 7.1.1 Bottles and Jars
- 7.1.2 Trays and Containers
- 7.1.3 Caps and Closures
- 7.1.4 Intermediate Bulk Containers (IBCs)
- 7.1.5 Drums
- 7.1.6 Pallets
- 7.1.7 Other Product Types
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7.2 By Material
- 7.2.1 Polyethylene (PE)
- 7.2.1.1 LDPE & LLDPE
- 7.2.1.2 HDPE
- 7.2.2 Polyethylene Terephthalate (PET)
- 7.2.3 Polypropylene (PP)
- 7.2.4 Polystyrene (PS) and Expanded Polystyrene (EPS)
- 7.2.5 Polyvinyl Chloride (PVC)
- 7.2.6 Other Rigid Plastic Packaging Materials
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7.3 By End-Use Industries
- 7.3.1 Food**
- 7.3.1.1 Candy & Confectionery
- 7.3.1.2 Frozen Foods
- 7.3.1.3 Fresh Produce
- 7.3.1.4 Dairy Products
- 7.3.1.5 Dry Foods
- 7.3.1.6 Meat, Poultry, And Seafood
- 7.3.1.7 Pet Food
- 7.3.1.8 Other Food Products
- 7.3.2 Foodservice**
- 7.3.2.1 Quick Service Restaurants (QSRs)
- 7.3.2.2 Full-Service Restaurants (FSRs)
- 7.3.2.3 Coffee and Snack Outlets
- 7.3.2.4 Retail Establishments
- 7.3.2.5 Institutional
- 7.3.2.6 Hospitality
- 7.3.2.7 Other Foodservice End-Uses
- 7.3.3 Beverage
- 7.3.4 Healthcare
- 7.3.5 Cosmetics and Personal Care
- 7.3.6 Industrial
- 7.3.7 Building and Construction
- 7.3.8 Automotive
- 7.3.9 Other End-Use Industries (Household Products, and Logistics)
8. COMPETITIVE LANDSCAPE
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8.1 Company Profiles*
- 8.1.1 Amcor Group GmbH
- 8.1.2 Bericap Holding GmbH
- 8.1.3 Pact Group Holdings Limited
- 8.1.4 Primo Plastics
- 8.1.5 Weltrade Packaging
- 8.1.6 Forward Plastics Ltd.
- 8.1.7 Flexicon Plastics
- 8.1.8 Sonoco Products Company
- 8.1.9 Waipak Packaging
- 8.2 Heat Map Analysis
- 8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE**
10. FUTURE OUTLOOK
** Subject To AvailablityAustralia and New Zealand Rigid Plastic Packaging Industry Segmentation
The scope of the study characterizes the rigid plastic packaging market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-use industries such as food, pharmaceuticals, beverage, personal care, industrial, and automotive. 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 Australia and New Zealand Rigid Plastic Packaging Market is Segmented by Product Type (Bottles and Jars, Trays and Containers, Caps and Closures, Intermediate Bulk Containers (IMCs), Drums, Pallets, and Other Product Types), Material Type (Polyethylene (PE) (LDPE & LLDPE and HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC), and Other Rigid Plastic Packaging Materials), and by End-use Industries (Food (Candy & Confectionary, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry and Seafood, Pet Food and Other Food Products), Foodservice (Quick Service Restaurants, Full Service Restaurants, Coffee and Snack Outlets, Retail Establishments, Institutional, Hospitality and Other Foodservice End-uses), Beverage, Healthcare, Cosmetics and Personal Care, Industrial, Building and Construction, Automotive and Other End-Use Industries (Household Products, and Logistics)). The Market Sizing and Forecasts are Provided in Terms of Volume (Tons) for all the Above Segments.
| By Product Type | Bottles and Jars | |
| Trays and Containers | ||
| Caps and Closures | ||
| Intermediate Bulk Containers (IBCs) | ||
| Drums | ||
| Pallets | ||
| Other Product Types | ||
| By Material | Polyethylene (PE) | LDPE & LLDPE |
| HDPE | ||
| By Material | Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | ||
| Polystyrene (PS) and Expanded Polystyrene (EPS) | ||
| Polyvinyl Chloride (PVC) | ||
| Other Rigid Plastic Packaging Materials | ||
| By End-Use Industries | Food** | Candy & Confectionery |
| Frozen Foods | ||
| Fresh Produce | ||
| Dairy Products | ||
| Dry Foods | ||
| Meat, Poultry, And Seafood | ||
| Pet Food | ||
| Other Food Products | ||
| By End-Use Industries | Foodservice** | Quick Service Restaurants (QSRs) |
| Full-Service Restaurants (FSRs) | ||
| Coffee and Snack Outlets | ||
| Retail Establishments | ||
| Institutional | ||
| Hospitality | ||
| Other Foodservice End-Uses | ||
| By End-Use Industries | Beverage | |
| Healthcare | ||
| Cosmetics and Personal Care | ||
| Industrial | ||
| Building and Construction | ||
| Automotive | ||
| Other End-Use Industries (Household Products, and Logistics) |
Australia and New Zealand Rigid Plastic Packaging Market Research FAQs
How big is the Australia And New Zealand Rigid Plastic Packaging Market?
The Australia And New Zealand Rigid Plastic Packaging Market size is expected to reach 1.01 million metric tons in 2024 and grow at a CAGR of 2.74% to reach 1.15 million metric tons by 2029.
What is the current Australia And New Zealand Rigid Plastic Packaging Market size?
In 2024, the Australia And New Zealand Rigid Plastic Packaging Market size is expected to reach 1.01 million metric tons.
Who are the key players in Australia And New Zealand Rigid Plastic Packaging Market?
Pact Group Holdings Limited, Sonoco Products Company, Forward Plastics Ltd., Primo Plastics and Bericap Holding GmbH are the major companies operating in the Australia And New Zealand Rigid Plastic Packaging Market.
What years does this Australia And New Zealand Rigid Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Australia And New Zealand Rigid Plastic Packaging Market size was estimated at 0.98 million metric tons. The report covers the Australia And New Zealand Rigid Plastic Packaging Market historical market size for years: 2022 and 2023. The report also forecasts the Australia And New Zealand Rigid Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Australia and New Zealand Rigid Plastic Packaging Industry Report
Statistics for the 2024 Australia And New Zealand Rigid Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia And New Zealand Rigid Plastic Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
