Market Size of Australia And New Zealand Plastic Packaging Film Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR (2024 - 2029) | 4.90 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Australia and New Zealand Plastic Packaging Film Market Analysis
The Australia And New Zealand Plastic Packaging Film Market size is estimated at 0.37 Million tonnes in 2024, and is expected to reach 0.47 Million tonnes by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
- The plastic film packaging market in Australia and New Zealand is thriving due to a confluence of factors. These include a growing appetite for lightweight and convenient packaging, heightened consumer consciousness regarding sustainability, and technological advancements that enhance shelf life and product protection. Additionally, the market benefits from the increasing adoption of flexible packaging in various industries, such as food and beverage, pharmaceuticals, and personal care.
- Plastic film packaging's flexibility in adapting to diverse shapes and sizes, cost efficiency, and ease of transport bolster its growth. The flexible packaging sector is set for significant expansion, with industries emphasizing eco-friendly options and consumers valuing convenience. This growth is driven by the increasing demand for sustainable packaging solutions, advancements in material technology, and the rising popularity of e-commerce, which requires durable and lightweight packaging.
- Australia, a large and culturally diverse nation, boasts numerous business advantages for growth-minded companies. Its robust exports and stable financial system underscore why it is a prime choice for business owners. As one of the world's wealthiest nations, Australia maintains strong trade connections, particularly with Asia-Pacific countries. Geographically, its proximity to these vital markets further enhances its trade advantages. Australia's trade, investment, and cultural ties with the Asia-Pacific nations are long-standing and deeply entrenched. The country has secured crucial trade agreements with key players, such as China, Japan, and the United States, as well as with regional entities like ASEAN. Notably, Australia stands out as one of the fastest-growing packaging markets in the Asia-Pacific. Moreover, its processed food, fresh produce, and meat sectors are on the rise, driven by health-conscious consumer trends and growing ethical concerns.
- Australia set its 2025 National Packaging Targets, focusing on four key objectives: achieving 100% reusable, recyclable, or compostable packaging by 2025; ensuring 70% of plastic packaging is recycled or composted by 2025; and aiming for an average of 50% recycled content in all packaging by 2025. Various single-use plastic items, especially those used in food service, are being phased out across different Australian states and territories to achieve these goals. The country's environmental ministers have united to craft new packaging standards, aiming to accelerate Australia's shift toward a circular economy. This initiative includes establishing nationwide minimum recycled content mandates and banning the use of harmful chemicals in domestic packaging.
- Plastics constitute Australia's most significant and enduring portion of marine litter, with plastic packaging driving a substantial part of this production. Acknowledging the pivotal role of plastic packaging in driving plastic production will likely compel the packaging industry to pivot toward more sustainable practices. This shift could encompass moving to recyclable or biodegradable materials, redesigning packaging for enhanced recyclability, or exploring alternative packaging solutions.
Australia and New Zealand Plastic Packaging Film Industry Segmentation
Plastic film packaging refers to various thin plastic materials that wrap or protect products. These films are commonly used in the food, pharmaceutical, and other industries. The report tracks the demand for converted packaging films across major resin and application types. This encompasses a range of materials and uses, reflecting the market's varied requirements and the evolving preferences of consumers and businesses.
The Australia and New Zealand plastic packaging films market is segmented by type (polypropylene (biaxially oriented polypropylene (BOPP), cast polypropylene (CPP)), polyethylene (low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE)), polyethylene terephthalate (biaxially oriented polyethylene terephthalate (BOPET)), polystyrene, bio-based, and PVC, EVOH, PETG, and other film types), end-user industry (food [candy and confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products (seasonings and spices, spreadable, sauces, condiments, etc.)], healthcare, personal care and home care, industrial packaging, other end-user industry applications) and country (Australia and New Zealand). The report offers market forecasts and size in volume (tonnes) for all the above segments.
By Type | |
Polypropylene [PP] (Biaxially Oriented Polypropylene [BOPP], Cast Polypropylene [CPP]) | |
Polyethylene (Low-density Polyethylene [LDPE], Linear Low-density Polyethylene [LLDPE]) | |
Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate [BOPET]) | |
Polystyrene | |
Bio-based | |
Polyvinyl Chloride, Ethylene Vinyl Alcohol, and Other Film Types |
By End-user Industry | ||||||||||
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Healthcare | ||||||||||
Personal Care and Home Care | ||||||||||
Industrial Packaging | ||||||||||
Other End-user Industry Applications (Agricultural, Chemical, Etc) |
By Country | |
Australia | |
New Zealand |
Australia And New Zealand Plastic Packaging Film Market Size Summary
The plastic packaging film market in Australia and New Zealand is experiencing robust growth, driven by a combination of consumer demand for lightweight and convenient packaging solutions and a heightened focus on sustainability. The market is benefiting from technological advancements that improve product protection and shelf life, alongside the increasing adoption of flexible packaging across various sectors such as food and beverage, pharmaceuticals, and personal care. The flexibility, cost efficiency, and ease of transport offered by plastic film packaging are key factors propelling its expansion. As industries prioritize eco-friendly options and consumers seek convenience, the market is poised for significant growth, supported by advancements in material technology and the rising popularity of e-commerce.
Australia's strategic trade connections, particularly with Asia-Pacific countries, bolster its position as a leading market for plastic packaging. The country's ambitious National Packaging Targets aim to transition towards a circular economy, emphasizing reusable, recyclable, and compostable packaging solutions. Despite efforts to reduce plastic usage, the benefits of plastic packaging continue to support its production, with a focus on sustainable practices. The growing demand for convenient meal options and the increasing popularity of supermarkets and grocery stores further drive the need for plastic film packaging. The market is characterized by high competition and low product differentiation, with major players like Amcor Group GmbH and Surepak Pty Ltd actively participating in the market landscape.
Australia And New Zealand Plastic Packaging Film Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Polypropylene [PP] (Biaxially Oriented Polypropylene [BOPP], Cast Polypropylene [CPP])
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2.1.2 Polyethylene (Low-density Polyethylene [LDPE], Linear Low-density Polyethylene [LLDPE])
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2.1.3 Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate [BOPET])
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2.1.4 Polystyrene
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2.1.5 Bio-based
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2.1.6 Polyvinyl Chloride, Ethylene Vinyl Alcohol, and Other Film Types
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2.2 By End-user Industry
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2.2.1 Food
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2.2.1.1 Candy and Confectionery
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2.2.1.2 Frozen Foods
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2.2.1.3 Fresh Produce
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2.2.1.4 Dairy Products
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2.2.1.5 Dry Foods
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2.2.1.6 Meat, Poultry, and Seafood
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2.2.1.7 Pet Food
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2.2.1.8 Other Food Products (Seasonings and Spices, Spreadables, Sauces, Condiments, etc.)
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2.2.2 Healthcare
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2.2.3 Personal Care and Home Care
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2.2.4 Industrial Packaging
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2.2.5 Other End-user Industry Applications (Agricultural, Chemical, Etc)
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2.3 By Country
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2.3.1 Australia
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2.3.2 New Zealand
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Australia And New Zealand Plastic Packaging Film Market Size FAQs
How big is the Australia And New Zealand Plastic Packaging Film Market?
The Australia And New Zealand Plastic Packaging Film Market size is expected to reach 0.37 million tonnes in 2024 and grow at a CAGR of 4.90% to reach 0.47 million tonnes by 2029.
What is the current Australia And New Zealand Plastic Packaging Film Market size?
In 2024, the Australia And New Zealand Plastic Packaging Film Market size is expected to reach 0.37 million tonnes.