Australia Flexible Packaging Market Size & Outlook
Australia flexible packaging market, 2018-2030 (US$M)
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Australia flexible packaging market highlights
- The Australia flexible packaging market generated a revenue of USD 6,140.8 million in 2023 and is expected to reach USD 8,517.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 6,140.8 million |
| Market revenue in 2030 | USD 8,517.3 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,251.1 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 66.83% in 2023. Horizon Databook has segmented the Australia flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in consumption of bakery and cereals, confectionery, and savory snacks is predicted to drive the manufacture of flexible packaging solutions in the country. Flexible packaging provides weight savings, cost savings, and on-the-go consumption. India has emerged as a potential market for Australian wines.
The Pro Wine Trade in Mumbai in 2022 saw major Australian wine manufacturers showcasing and launching their brands in the Indian market. The Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) resulted in a reduction of tariffs on imported Australian wines from 150% to 75% which is to be effective from December 2022.
This is expected to promote wine exports from Australia. Since Australian wine manufacturers use bagin-box for wine packaging, the export opportunity provided by India can drive the flexible packaging market in Australia.
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into Australia flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia flexible packaging market size, by raw material, 2018-2030 (US$M)
Australia Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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