According to the report analysis, ‘Trends And Opportunities In The Australian
Packaging Industry: Analysis Of Changing Packaging Trends In The Food, Cosmetics And Toiletries, Beverages And
Other Industries’ states that the Australian Packaging
Market is anticipated to grow from 31,862.5 million units in 2017 to 34,045.5
million units in 2022, at a CAGR of 1.3% during the period 2017-2022. With the
increase in the consumerism the market is growing, that will steer the demand
for customers packaged goods. Moreover, in the Australian market the packaging
can be done with the various types of product which includes rigid plastics,
rigid metal, paper & board, flexible packaging, glass packaging, reseal
able packaging, lightweight packaging and several others. Whereas, busy
professionals leading a frantic lifestyle will operate the demand for compact,
on-the-go packs. The small-sized packs will also aid portion control in food
consumption which is a key area for managing obesity in the country. Moreover,
there is a rising consumer tendency towards premium goods packaged in unique or
novel packages, as well as consumer awareness towards environment preservation
or protection, operating the use of non-polluting packages in the country.
In the recent trend, undoubtedly packaging is playing
important role in transporting goods from one place to another and is
considered both such as science and art. Moreover, in the present era numerous
packaging choices are available in the various sectors of the industry as
packaging can be done in numerous ways and of various types which are having
different applications. The packaging market is growing more significantly as
it is increasingly being used as a point of comparison in beauty and personal care
as companies and brands seek to add value, attain visual impact and stimulate
customers. In Australia, the status of craft beer and craft RTD tea pursued to
grow and this turned up the favored packaging format for many small glass
bottle, and craft beer brands which are significantly used by many craft RTD
tea brands. The Australian packaging market key players are performing
effectively as packaging is majorly used to protect the good from brokerage
which led the market growth in the recent trend.
The key players of Australian packaging is doing
effective functioning for enhancing the product value whereas, many companies
have commenced rebuilding the quality of product packaging to more strongly to
differentiate their brands from others. The uniqueness in packaging is
anticipated to be the main differentiator for victorious product with color
decryption on packaging within a product line being a present trend. With the
wide usage and various applications of the packaging the demand and market
growth will rise more significantly. Whereas, the Amcor Ltd, Orora Ltd, Pact
Group Holdings Ltd, Royal Wolf Holdings Ltd, PRO-PAC Packaging Ltd, SECOS Group
Ltd and others are the major key players which are doing effective working for
enhancing the quality of the product and to increase its sales volume. Therefore,
in the coming years, the Australian Packaging market will grow more
significantly with the efficient working of key players and by increasing
importance of packaging across the globe over the decades.
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