Australia And New Zealand Plastic Packaging Film Market Size (2024 - 2029)

Australia and New Zealand Plastic Packaging Film Market Analysis

The Australia And New Zealand Plastic Packaging Film Market size is estimated at 0.37 Million tonnes in 2024, and is expected to reach 0.47 Million tonnes by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).

• The plastic film packaging market in Australia and New Zealand is thriving due to a confluence of factors. These include a growing appetite for lightweight and convenient packaging, heightened consumer consciousness regarding sustainability, and technological advancements that enhance shelf life and product protection. Additionally, the market benefits from the increasing adoption of flexible packaging in various industries, such as food and beverage, pharmaceuticals, and personal care.
• Plastic film packaging's flexibility in adapting to diverse shapes and sizes, cost efficiency, and ease of transport bolster its growth. The flexible packaging sector is set for significant expansion, with industries emphasizing eco-friendly options and consumers valuing convenience. This growth is driven by the increasing demand for sustainable packaging solutions, advancements in material technology, and the rising popularity of e-commerce, which requires durable and lightweight packaging.
• Australia, a large and culturally diverse nation, boasts numerous business advantages for growth-minded companies. Its robust exports and stable financial system underscore why it is a prime choice for business owners. As one of the world's wealthiest nations, Australia maintains strong trade connections, particularly with Asia-Pacific countries. Geographically, its proximity to these vital markets further enhances its trade advantages. Australia's trade, investment, and cultural ties with the Asia-Pacific nations are long-standing and deeply entrenched. The country has secured crucial trade agreements with key players, such as China, Japan, and the United States, as well as with regional entities like ASEAN. Notably, Australia stands out as one of the fastest-growing packaging markets in the Asia-Pacific. Moreover, its processed food, fresh produce, and meat sectors are on the rise, driven by health-conscious consumer trends and growing ethical concerns.
• Australia set its 2025 National Packaging Targets, focusing on four key objectives: achieving 100% reusable, recyclable, or compostable packaging by 2025; ensuring 70% of plastic packaging is recycled or composted by 2025; and aiming for an average of 50% recycled content in all packaging by 2025. Various single-use plastic items, especially those used in food service, are being phased out across different Australian states and territories to achieve these goals. The country's environmental ministers have united to craft new packaging standards, aiming to accelerate Australia's shift toward a circular economy. This initiative includes establishing nationwide minimum recycled content mandates and banning the use of harmful chemicals in domestic packaging.
• Plastics constitute Australia's most significant and enduring portion of marine litter, with plastic packaging driving a substantial part of this production. Acknowledging the pivotal role of plastic packaging in driving plastic production will likely compel the packaging industry to pivot toward more sustainable practices. This shift could encompass moving to recyclable or biodegradable materials, redesigning packaging for enhanced recyclability, or exploring alternative packaging solutions.

Australia and New Zealand Plastic Packaging Film Industry Segmentation

Plastic film packaging refers to various thin plastic materials that wrap or protect products. These films are commonly used in the food, pharmaceutical, and other industries. The report tracks the demand for converted packaging films across major resin and application types. This encompasses a range of materials and uses, reflecting the market's varied requirements and the evolving preferences of consumers and businesses.

The Australia and New Zealand plastic packaging films market is segmented by type (polypropylene (biaxially oriented polypropylene (BOPP), cast polypropylene (CPP)), polyethylene (low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE)), polyethylene terephthalate (biaxially oriented polyethylene terephthalate (BOPET)), polystyrene, bio-based, and PVC, EVOH, PETG, and other film types), end-user industry (food [candy and confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products (seasonings and spices, spreadable, sauces, condiments, etc.)], healthcare, personal care and home care, industrial packaging, other end-user industry applications) and country (Australia and New Zealand). The report offers market forecasts and size in volume (tonnes) for all the above segments.