Australia Rigid Packaging Market to Grow at Robust CAGR until 2024

Rising demand from end-user industries, rising urban population and increasing popularity of reusable products for packaging are expected to drive Australia Rigid Packaging market

According to TechSci Research report, “Australia Rigid Packaging Market By Product Type, By Material Type, By Production Process, By Application, By Region, By Company, Competition, Forecast & Opportunities, 2024”, the Australian Rigid packaging market is expected to grow at a formidable rate during the forecast period on account of increasing demand from the country’s food & beverage industry. Other key factors that are responsible for the growth of market include rising demand for rigid packaging from diverse end-users, cost effectiveness, durability, increased shelf life and reusability. Additionally, new packaging materials being development coupled with availability of smaller pack sizes is further providing growth opportunity to the players operating in Australia rigid packaging market.

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Australian rigid packaging market is segmented based on product type, material type, production process, application, region and company. Based on material type, the market can be segmented into Plastic, Metals, Paper & Paperboards, Glass and Others. The plastic rigid packaging segment dominates the market, followed by the paper segment. This can be accredited to shatter resistance, cost- effectiveness and durability of plastic rigid packaging. Based on application, the market can be categorized into Food & Beverage Packaging, Cosmetics & Toiletries and Industrial. Food & Beverage sector is currently the dominating end-user segment of rigid packaging, owing to the changing lifestyles and eating habits of consumers.

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Amcor PLC, Tetra Pak Manufacturing Pty Ltd, Berry Plastics (Aust) Pty Ltd., Reynolds Group Holdings Limited, Sealed Air Australia Pty Ltd., Orora packaging Australia Pty Ltd., Pact Group Holdings Ltd, Aardvark Plastics Pty Ltd, Pro-Pac Packaging Limited, and Vision Packaging (Aust.) Pty Limited are few of the major players operating in Australian rigid packaging market. “Australia rigid packaging market is witnessing growth on account of increasing popularity of reusable products, rising demand for convenience food, increase in number of nuclear families and growing demand from diverse end-user industries. Moreover, due to rising requirement for rigid and cost-effective material, rigid packaging is finding application in various industries, thereby driving the growth of market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Australia Rigid Packaging Market By Product Type, By Material Type, By Production Process, By Application, By Region, By Company, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Australian Rigid packaging market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australian rigid packaging market.

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