Australia Corrugated Board Packaging Market Size (2024 - 2029)

The Australia Corrugated Board Packaging Market is experiencing growth driven by its recyclability and ability to protect packaged items from external impacts. This market's expansion is fueled by the increasing demand for convenience foods and the significant role of the e-commerce sector, which relies heavily on corrugated packaging for its adaptability and cost-effectiveness. The shift from plastic to more environmentally friendly options like corrugated board is also contributing to the market's growth, as businesses seek sustainable packaging solutions that offer marketing advantages. Additionally, the COVID-19 pandemic has accelerated the demand for corrugated packaging in food and e-commerce sectors, although there has been a decline in demand for luxury and industrial packaging.

Market Size of Australia Corrugated Board Packaging Industry

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Australia Corrugated Board Packaging Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.80 %
Market Concentration Low

Major Players

Australia Corrugated Board Packaging Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Australia Corrugated Board Packaging Market Analysis

The Australia Corrugated Board Packaging Market is expected to grow at a CAGR of 3.8% over the forecast period 2022 to 2027. Compared to plastic packaging, corrugated boards made of pulp and paper are extremely recyclable. The corrugated board's fluting medium serves as a shock absorber, shielding packaged items from external impact. These containers can bear high pressure, and the flutes' varied layers and thicknesses offer advantages including cushioning to safeguard packaged goods.

  • Corrugated board packaging is a flexible and cost-effective way to protect, store, and transport many items. The lightweight, biodegradability, and recyclability of the corrugated board have made it an essential component of the packaging business.
  • People's hectic lifestyles are driving up demand for convenience foods. Corrugated board packing keeps moisture out and can survive long delivery times, therefore businesses are increasingly using it to provide better service to their clients. Processed foods, such as bread, meat products, and other perishable items, necessitate single-use packaging materials, which drives demand.
  • The e-commerce industry emerged as a significant player in recent years. Prominent e-commerce companies, restaurants, and other retailing sectors have been using corrugated board boxes for principal packaging, and they rely on plastic packaging for individual items.
  • Moreover, In April 2022, According to data issued by the Australian Bureau of Statistics, sales in stores and online were USD 33.9 billion, with cafes, restaurants, takeaway services, clothes, and footwear seeing a 14.7% increase and the 'other retailing' sector seeing a 14.4% gain. The rise in household goods was 7.4%, while the increase in food retailing was 6.5%. Sales at department stores grew at the slowest rate, at 5.4%.
  • The corrugated board is extremely adaptable. As a result, it can take on a variety of shapes in addition to the box. It is gradually replacing flexible plastic bags due to environmental concerns. Furthermore, corrugated boxes make an excellent foundation for various printing techniques. As a result, businesses prefer corrugated packaging as a marketing tool. They also serve as movable billboards, allowing businesses to avoid spending extra money on promotions.
  • In November 2021, Opal Specialty Packaging stated that it had designed a creative and distinctive design solution for De Bortoli Wines' 2021 Wine Advent Calendar in collaboration with De Bortoli Wines.
  • Some key drivers of the studied market arising from the COVID-19 outbreak are the growth in food packaging and the ever-increasing demand for corrugated packages in developing e-commerce shipments. Packaging for groceries, healthcare supplies, and e-commerce shipments has seen a substantial surge in demand on e-commerce platforms. Simultaneously, demand for luxury, industrial, and B2B transport packaging has decreased.

Australia Corrugated Board Packaging Industry Segmentation

Corrugated board packaging offers a versatile and cost-efficient method to protect, preserve, and transport various products. The corrugated board's attributes, such as lightweight, biodegradability, and recyclability, have made it an integral component in the packaging industry. This type of packaging is used across various end-user industries, such as Food (Processed & Fresh Food), beverages, Personal & Household Care, E-commerce, Manufacturing & Automotive and Other End-user Verticals (Healthcare, Electrical & Electronics, Ceramic & Glass, etc.). Further the study encompasses the impct od covid-19 on the Australia Corrgated Baord Packaging Market,

BY END-USER INDUSTRY
Food (Processed & Fresh Food)
Beverages
Personal & Household care
E-commerce
Manufacturing & Automotive
Other End-user Verticals (Healthcare, Electrical & Electronics, Ceramic & Glass, etc.)
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Australia Corrugated Board Packaging Market Size Summary

The Australia corrugated board packaging market is poised for steady growth, driven by its eco-friendly attributes and versatility in application. As a sustainable alternative to plastic packaging, corrugated boards made from pulp and paper are highly recyclable and offer excellent protection for packaged goods through their shock-absorbing fluting medium. This packaging solution is increasingly favored in the food industry, particularly for convenience foods, due to its ability to keep moisture out and withstand long delivery times. The rise of e-commerce has further bolstered the demand for corrugated board packaging, as it is extensively used by online retailers and food service providers to ensure product safety during transit. The market is also witnessing a shift towards using corrugated packaging as a marketing tool, with businesses leveraging its adaptability for various printing techniques.

The market landscape is characterized by a high degree of fragmentation, with numerous companies offering innovative and sustainable packaging solutions. The corrugated board packaging industry is experiencing a surge in demand across various sectors, including food, healthcare, and e-commerce, as businesses seek to enhance customer satisfaction and reduce environmental impact. Collaborations and acquisitions among key players, such as UBEECO Packaging Solutions' acquisition of Boxpack, are strengthening market positions and expanding customer bases. Additionally, partnerships aimed at developing sustainable packaging solutions, like those between Shotspresso and Biogone, highlight the industry's commitment to eco-friendly practices. As urbanization and online shopping continue to rise in Australia, the corrugated board packaging market is expected to maintain its growth trajectory, supported by ongoing innovations and strategic collaborations.

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Australia Corrugated Board Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 The E-Commerce Industry in Australia is Expected Significant Growth in the Market

      2. 1.1.2 The Growing Retail Industry is Fueling the Market Growth

    2. 1.2 Market Challenges

      1. 1.2.1 Concerns about the Material Availability and Durability of Corrugated Board-based Products

  2. 2. MARKET SEGMENTATION

    1. 2.1 BY END-USER INDUSTRY

      1. 2.1.1 Food (Processed & Fresh Food)

      2. 2.1.2 Beverages

      3. 2.1.3 Personal & Household care

      4. 2.1.4 E-commerce

      5. 2.1.5 Manufacturing & Automotive

      6. 2.1.6 Other End-user Verticals (Healthcare, Electrical & Electronics, Ceramic & Glass, etc.)

Australia Corrugated Board Packaging Market Size FAQs

The Australia Corrugated Board Packaging Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)

Visy Industries Private Limited , Opal Fiber Packaging (Paper Australia Private Limited), Oji Group , Austcor Packging (Abbe) and Australian Corrugated Packaging are the major companies operating in the Australia Corrugated Board Packaging Market.

Australia Corrugated Board Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)