Food and Beverages Sector to Continue its Dominance in Australia Flexible Packaging Market through 2024
Rising
demand from end-users, cost-effectiveness and higher shelf life of products to
drive Australia Flexible Packaging market
According to
TechSci Research report, “Australia Flexible Packaging Market By Type, By
Packaging Material, By Application, By Printing Technology , By Region, By
Company, Competition, Forecast & Opportunities, 2024”, the Australian
flexible packaging market is expected to grow at a robust CAGR during the
forecast period on account of its increasing demand in the food & beverage
industry. The key factors that are responsible for the growth of market include
high demand from end-users, cost effectiveness, durability and increased shelf
life. However, stringent environmental
regulations and issues related to recyclability, are likely to hamper the
growth of the market during forecast period.
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Packaging Market"
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The Australian
flexible packaging market is segmented based on type, packaging material,
application, printing technology, region and company. Based on type, the market
can be segmented into Stand-up pouches, Pillow pouches, Flat pouches, Roll
stock, Gusseted bags, Wicketed bags, Wraps, Squeezable bottles, Spouted
pouches, Blisters, Bags & Trays. Pillow pouches are expected to register
the highest CAGR during the forecast period. This can be accredited to their
wide use in food & beverage industry. Based on application, the market can be
categorized into Food & Beverage Packaging, Cosmetics & Toiletries,
Pharmaceutical and Others. Food
& Beverage sector is currently dominating the end-user segment of flexible
packaging, owing to the changing lifestyles and eating habits. Based
on Printing technology, the market can be bifurcated into Flexography,
Rotogravure, Digital Printing and Others. Digital Printing technology is
anticipated to dominate the market during forecast period.
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The Bag Broker
AU, Orora packaging Australia Pty Ltd., FPS Super Pty Ltd., Filton Packaging,
Gravure packaging Pty Ltd., Perfection Packaging Pty Ltd., Wing Flexible
Packaging Pty Ltd., Supreme Packaging Pty Ltd. , Metal Print Australia Pty
Ltd., and A&M Packaging Pty Ltd. are some of the leading players operating
in Australian flexible packaging market. “Australia flexible packaging market
is witnessing growth on account of increasing demand from end-user industries
coupled with increased shelf life. Moreover, due to requirement for flexible
and cost-effective material, flexible packaging is finding application in diverse
industries, thereby driving the growth of market.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Australia Flexible Packaging Market By Type, By Packaging Material, By
Application, By Printing Technology, By Region, By Company, Competition, Forecast
& Opportunities, 2024” has evaluated the future growth potential of Australian
flexible 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
flexible packaging market.
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