Australia and New Zealand Rigid Plastic Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Australia and New Zealand Rigid Plastic Packaging Market Analysis

The Australia And New Zealand Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 1.01 Million metric tons in 2024 to 1.15 Million metric tons by 2029, at a CAGR of 2.74% during the forecast period (2024-2029).

• Data from the US Department of Agriculture (USDA) ranks Australia as the world's 14th-largest economy. In Australia, the food, beverage, and grocery sectors account for a third of all business activity in the manufacturing landscape, thereby propelling the country's rigid plastic packaging industry. The market in the region is buoyed by a surge in domestic demand for healthy food products and a rise in exports of various food items.
• Meanwhile, New Zealand's grocery and food retail sector is witnessing growth, driven by changing consumer food preferences. The food, beverage, and grocery manufacturing sector constitutes nearly a third of New Zealand’s overall manufacturing landscape. Notably, New Zealand's imports from the United States, including packaged food, pet food, grapes, pork, cheese, beer, and wine, play a pivotal role in bolstering the demand for rigid plastic packaging solutions, including trays and containers.
• Regional manufacturers, including Primo Plastics and Forward Plastics Ltd, offer diverse rigid plastic packaging solutions. Their product lineup encompasses bottles, jars, trays, caps, and closures, catering to various end-use industries such as food, beverage, pharmaceuticals, cosmetics, and personal care. These manufacturers emphasize new product development to meet the evolving demands of the market.
• Despite this growth, Australia and New Zealand grapple with a pressing challenge: the rising consumption of plastics, which leads to significant packaging waste. The Australia Institute warns that by 2050, Australia's plastic consumption could more than double, resulting in increased landfill waste, a trend that could stifle market growth in the coming years.

Australia and New Zealand Rigid Plastic Packaging Market Trends

Bottles and Jars Segment is Estimated to Have the Largest Market Share

Australia and New Zealand Rigid Plastic Packaging Industry Segmentation

The scope of the study characterizes the rigid plastic packaging market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-use industries such as food, pharmaceuticals, beverage, personal care, industrial, and automotive. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.

The Australia and New Zealand Rigid Plastic Packaging Market is Segmented by Product Type (Bottles and Jars, Trays and Containers, Caps and Closures, Intermediate Bulk Containers (IMCs), Drums, Pallets, and Other Product Types), Material Type (Polyethylene (PE) (LDPE & LLDPE and HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC), and Other Rigid Plastic Packaging Materials), and by End-use Industries (Food (Candy & Confectionary, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry and Seafood, Pet Food and Other Food Products), Foodservice (Quick Service Restaurants, Full Service Restaurants, Coffee and Snack Outlets, Retail Establishments, Institutional, Hospitality and Other Foodservice End-uses), Beverage, Healthcare, Cosmetics and Personal Care, Industrial, Building and Construction, Automotive and Other End-Use Industries (Household Products, and Logistics)). The Market Sizing and Forecasts are Provided in Terms of Volume (Tons) for all the Above Segments.