Key Highlights
- Sustainable packaging refers to the use of packaging materials that minimize environmental impact throughout their life cycle. These packaging materials are sourced from renewable resources and are designed to facilitate recyclability or composability.
- The Australian sustainable packaging market had total revenues of $6.0 billion in 2023, representing a compound annual growth rate (CAGR) of 2.8% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 0.4% between 2018 and 2023, to reach a total of 9 million metric tonnes in 2023.
- The growth in the Australian market is attributed to the increasing trend of consumers purchasing more things online. Australian consumers are increasingly shifting online driven by the convenience of one-stop online marketplaces. For instance, according to the analyst, the e-commerce market value in 2023 stood at $51.03 billion, indicating a 10.3% growth compared to the previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the sustainable packaging market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the sustainable packaging market in Australia
- Leading company profiles reveal details of key sustainable packaging market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia sustainable packaging market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Australia sustainable packaging market by value in 2023?
- What will be the size of the Australia sustainable packaging market in 2028?
- What factors are affecting the strength of competition in the Australia sustainable packaging market?
- How has the market performed over the last five years?
- Who are the top competitors in Australia's sustainable packaging market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Tetra Pak International SA
- Westrock Co
- Amcor Plc