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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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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