Australia Sustainable Packaging Market

Australia Sustainable Packaging Market Overview:

The Australia sustainable packaging market size reached USD 11.77 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 24.64 Billion by 2032, exhibiting a growth rate (CAGR) of 7.50% during 2024-2032. The market is driven by the imposition of various government regulations, rising consumer demand for eco-friendly products, increasing focus on corporate sustainability initiatives, rapid advancements in packaging materials, and the emergence of e-commerce platforms.

Australia Sustainable Packaging Market Trends:

Imposition of Government Regulations Promoting Sustainability

The imposition of various stringent regulations by the federal and state governments of Australia to reduce the environmental impact of packaging waste is driving the demand for sustainable packaging solutions. Around 3,791,000 tonnes of plastics were consumed in Australia during the years 2020 and 2021, which encouraged the government to establish initiatives like the Australian Packaging Covenant Organization (APCO) that set goals to make 100% of packaging reusable, recyclable, or compostable by 2025. This commitment has prompted several businesses to adopt eco-friendly packaging materials and processes. Moreover, the implementation of container deposit schemes in several states is also encouraging consumers to return used packaging, thereby fostering a culture of sustainability.

Consumer Preference for Eco-friendly Products

The growing awareness regarding environmental issues is positively influencing the market growth. In line with this, there is an increasing demand among consumers for products that are packaged in materials that are biodegradable, recyclable, or made from renewable resources. As per industry research, it has been found that more than half of Australian shoppers, which account for 51%, say sustainability is an important factor when making a retail purchase. This shift in preference is driving companies to adapt their packaging strategies to align with consumer values. Moreover, the increasing utilization of sustainable packaging by companies in industries like food and beverage (F&B), personal care, and e-commerce to gain a competitive edge is acting as a growth-inducing factor.

Increasing Focus on Corporate Sustainability Initiatives

The heightened adoption of sustainability initiatives in many Australian companies as part of their corporate social responsibility (CSR) strategies is positively impacting the market growth. Leading companies across sectors are setting ambitious sustainability goals, such as reducing plastic usage, increasing the use of recycled materials, and implementing circular packaging solutions. For example, Mars Wrigley Australia launched recyclable paper-based packaging for the company’s MARS BAR, SNICKERS, and MILKY WAY chocolate bars. These initiatives are driving innovation in packaging design, materials, and processes, creating a demand for sustainable packaging technologies and solutions in the Australian market. Besides this, companies are investing in research and development (R&D) to create packaging that meets sustainability criteria and maintains the functionality, durability, and shelf life of products. For example, innovations in plant-based packaging materials, such as those made from sugarcane, corn, or cellulose, are gaining traction in the Australian market.

Australia Sustainable Packaging Market News:

• In October 2023, Accolade Wines introduced Wise Wolf by Banrock Station, which is made with 91% recycled glass. This visually distinctive bottle is one of the most sustainable glass wine bottles launched in the Australian market. Moreover, the labels on the bottles are claimed to be made from 100 percent upcycled sugarcane. Additionally, the caps use 26 percent less raw material than average caps and contain 40 percent recycled aluminum. Also, the wine cartons are made from 100 percent recycled paper pulp.
• In July 2024, SIG introduced a recycle-ready bag for water which is developed and manufactured in Australia. This innovation marks a significant sustainability milestone for the water industry in the country. The current structure, which contains aluminum, will be replaced by SIG Terra RecShield. It is a uniquely formulated material structure with a polymer composition.

Australia Sustainable Packaging Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on material, type, packaging format, process, and application.

Material Insights:

• Plastics
• Paper and Paperboard
• Glass
• Metal
   

The report has provided a detailed breakup and analysis of the market based on the material. This includes plastics, paper and paperboard, glass, and metal.

Type Insights:

• Rigid
• Flexible
   

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes rigid and flexible.

Packaging Format Insights:

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging
   

The report has provided a detailed breakup and analysis of the market based on the packaging format. This includes primary packaging, secondary packaging, and tertiary packaging.

Process Insights:

• Recyclable
• Reusable
• Biodegradable
   

A detailed breakup and analysis of the market based on the process have also been provided in the report. This includes recyclable, reusable, and biodegradable.

Application Insights:

• Food and Beverages
• Personal Care and Cosmetics
• Healthcare
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes food and beverages, personal care and cosmetics, healthcare, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Sustainable Packaging Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia sustainable packaging market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Australia sustainable packaging market?
• What is the breakup of the Australia sustainable packaging market on the basis of material?
• What is the breakup of the Australia sustainable packaging market on the basis of type?
• What is the breakup of the Australia sustainable packaging market on the basis of packaging format?
• What is the breakup of the Australia sustainable packaging market on the basis of process?
• What is the breakup of the Australia sustainable packaging market on the basis of application?
• What are the various stages in the value chain of the Australia sustainable packaging market? 
• What are the key driving factors and challenges in the Australia sustainable packaging?
• What is the structure of the Australia sustainable packaging market and who are the key players?
• What is the degree of competition in the Australia sustainable packaging market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia sustainable packaging market from 2018-2032
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia sustainable packaging market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia sustainable packaging industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.