Australia Corrugated Board Packaging Market - Growth, Trends, COVID -19 Impact, Forecasts (2022 - 2027)

Australia Corrugated Board Packaging Market is Segmented By End-user Industry (Food (Processed & Fresh Food), Beverages, Personal & Household care, E-commerce, Manufacturing & Automotive, and Other End-user Verticals (Healthcare, Electrical & Electronics, Ceramic & Glass, etc.))

Market Snapshot

Australia Corrugated Board Packaging Market Overview
Study Period: 2020-2027
Base Year: 2021
CAGR: 3.8 %
Australia Corrugated Board Packaging Market Key Players

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Market Overview

The Australia Corrugated Board Packaging Market is expected to grow at a CAGR of 3.8% over the forecast period 2022 to 2027. Compared to plastic packaging, corrugated boards made of pulp and paper are extremely recyclable. The corrugated board's fluting medium serves as a shock absorber, shielding packaged items from external impact. These containers can bear high pressure, and the flutes' varied layers and thicknesses offer advantages including cushioning to safeguard packaged goods.

  • Corrugated board packaging is a flexible and cost-effective way to protect, store, and transport many items. The lightweight, biodegradability, and recyclability of the corrugated board have made it an essential component of the packaging business.
  • People's hectic lifestyles are driving up demand for convenience foods. Corrugated board packing keeps moisture out and can survive long delivery times, therefore businesses are increasingly using it to provide better service to their clients. Processed foods, such as bread, meat products, and other perishable items, necessitate single-use packaging materials, which drives demand.
  • The e-commerce industry emerged as a significant player in recent years. Prominent e-commerce companies, restaurants, and other retailing sectors have been using corrugated board boxes for principal packaging, and they rely on plastic packaging for individual items.
  • Moreover, In April 2022, According to data issued by the Australian Bureau of Statistics, sales in stores and online were USD 33.9 billion, with cafes, restaurants, takeaway services, clothes, and footwear seeing a 14.7% increase and the 'other retailing' sector seeing a 14.4% gain. The rise in household goods was 7.4%, while the increase in food retailing was 6.5%. Sales at department stores grew at the slowest rate, at 5.4%.
  • The corrugated board is extremely adaptable. As a result, it can take on a variety of shapes in addition to the box. It is gradually replacing flexible plastic bags due to environmental concerns. Furthermore, corrugated boxes make an excellent foundation for various printing techniques. As a result, businesses prefer corrugated packaging as a marketing tool. They also serve as movable billboards, allowing businesses to avoid spending extra money on promotions.
  • In November 2021, Opal Specialty Packaging stated that it had designed a creative and distinctive design solution for De Bortoli Wines' 2021 Wine Advent Calendar in collaboration with De Bortoli Wines.
  • Some key drivers of the studied market arising from the COVID-19 outbreak are the growth in food packaging and the ever-increasing demand for corrugated packages in developing e-commerce shipments. Packaging for groceries, healthcare supplies, and e-commerce shipments has seen a substantial surge in demand on e-commerce platforms. Simultaneously, demand for luxury, industrial, and B2B transport packaging has decreased.

Scope of the Report

Corrugated board packaging offers a versatile and cost-efficient method to protect, preserve, and transport various products. The corrugated board’s attributes, such as lightweight, biodegradability, and recyclability, have made it an integral component in the packaging industry. This type of packaging is used across various end-user industries, such as Food (Processed & Fresh Food), beverages, Personal & Household Care, E-commerce, Manufacturing & Automotive and Other End-user Verticals (Healthcare, Electrical & Electronics, Ceramic & Glass, etc.). Further the study encompasses the impct od covid-19 on the Australia Corrgated Baord Packaging Market,

BY END-USER INDUSTRY
Food (Processed & Fresh Food)
Beverages
Personal & Household care
E-commerce
Manufacturing & Automotive
Other End-user Verticals (Healthcare, Electrical & Electronics, Ceramic & Glass, etc.)

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Key Market Trends

Food Segment Expected to Occupy Significant Market Share

  • Because of people's hectic lifestyles, convenience foods are in high demand. As a result, processed food, which takes less time to prepare, attracts a growing number of consumers. The ever-increasing population drives the desire for processed food, which is both convenient and healthy.
  • For various food products, paper and cardboard are becoming viable alternatives to plastic packaging. Paper packaging can be made from recycled materials and recycled or disposed of more easily.
  • According to Food and Drink business News, in November 2021, Food and beverage production accounts for more than 30% of overall manufacturing output in Australia or USD 133 billion in FY21. More than 275,000 people are employed by it, with about 40% of those occupations located in regional Australia.
  • According to the Australian Bureau of Agricultural and Resource Economics and Sciences, Australia, along with Canada, Germany, and France, is one of the world's most food-secure countries. About 20% of domestic manufacturing and service revenue comes from the food industry. Australian farmers grow and supply the great bulk of the food market in this country.
  • As corrugated board packaging keeps moisture away from products and can withstand long shipping times, companies are increasingly adopting this packaging to offer better customer outcomes, especially for secondary or tertiary packaging. Processed foods, such as bread, meat products, and other perishable items, need these packaging materials to be used just once, thus driving the demand.
  • According to ABARES, In the 2021 financial year, beef and veal were Australia's top agricultural exports, at 8.4 billion Australian dollars. Apart from these, Australia is a major wheat exporter, with 6.8 billion Australian dollars in export value in the same year.
Australia Corrugated Board Packaging Market Forecast

The E-commerce Industry in Australia is Expected to Witness Significant Growth

  • In recent years, the e-commerce business has emerged as a prominent player. Leading Fin-Tech firms, such as Adyen, are providing engaging services, resulting in an increase in online orders, which encourages the growth of the corrugated packaging business. For instance, Adyen, a global payments platform, has expanded its collaboration with AfterPay, allowing more of Adyen's merchants to use the Buy Now Pay Later (BNPL) service in additional countries worldwide.
  • According to Australia Post, In comparison to the previous year, the variety shop e-commerce segment grew by over 16 percent in 2021. Other e-commerce areas that grew by more than 12% year over year were fashion and home and garden. Whic drives the demand for Corrugated Board Packaging Suppliers.
  • Australia is one of the most urbanized societies in the world, with more than 24 million people (~90% of the population) living in the urban areas of Sydney, Melbourne, Adelaide, Brisbane, and Perth, as well as in smaller cities and towns within 100 miles of the ocean. Factors such as internet advertising, and the influencer's trend for the product categories, including personal care and household products, footwear, and apparel, are helping the Corrugated Board Packaging market record more revenue transactions in the country. The trend is also anticipated to continue in the forecast period, owing to the growing demand for them.
  • In June 2022, Disney announced that it had launched the ShopDisney online store in Australia and New Zealand, where local customers could previously purchase its products through worldwide partner websites, but now they can buy ShopDisney products in their own currency and have them delivered in three to five business days via delivery partner DHL in Australia and New Zealand. This drives the growth of online orders while expanding the potential for Corrugated Packaging manufacturers.
Australia Corrugated Board Packaging Market Analysis

Competitive Landscape

The corrugated board packaging industry in Australia is highly fragmented, with numerous firms offering corrugated board packaging solutions. Companies are always coming up with new ways to encourage sustainable packaging and provide environmentally friendly packaging. To capitalize on the prospects, companies are launching corrugated box designs for various end-user industries.

  • November 2021 - UBEECO Packaging Solutions and Boxpack announced a deal for UBEECO Packaging Solutions to acquire the assets of The Box Pack Trust, which operates as Boxpack Packaging (Boxpack). The acquisition of Boxpack will strengthen the strategy and service models of UBEECO. It adds UBEECO's industrial packaging solutions with a full complement of high-value cardboard packaging and increases the company's customer base throughout Australia.
  • September 2021- Through a partnership with Biogone, an Australian eco-conscious firm, Shotspresso, a local coffee beverage maker and distributor in Melbourne, is using more sustainable packaging solutions in its supply chain.

Recent Development

  • June 2022 - According to the PKN Packaging News, The Costa grape team collaborated with Gilad Sadan to develop a sustainable packaging method for its Vitor premium grape product that would preserve the freshness of its freshly picked grapes from the vine to the lunchbox or grazing table.
  • May 2022 - Opal announced that, For the Dan Picked wine delivery subscription service, it has developed and created an Australian-made, 100% recycled, and recyclable wine box in collaboration with Dan Murphy's.

Table of Contents

  1. 1. Introduction

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHT

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of COVID-19 on the Corrugated Packaging Industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 The E-Commerce Industry in Australia is Expected Significant Growth in the Market

      2. 5.1.2 The Growing Retail Industry is Fueling the Market Growth

    2. 5.2 Market Challenges

      1. 5.2.1 Concerns about the Material Availability and Durability of Corrugated Board-based Products

  6. 6. MARKET SEGMENTATION

    1. 6.1 BY END-USER INDUSTRY

      1. 6.1.1 Food (Processed & Fresh Food)

      2. 6.1.2 Beverages

      3. 6.1.3 Personal & Household care

      4. 6.1.4 E-commerce

      5. 6.1.5 Manufacturing & Automotive

      6. 6.1.6 Other End-user Verticals (Healthcare, Electrical & Electronics, Ceramic & Glass, etc.)

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 KEY VENDOR PROFILES

      1. 7.1.1 Opal Fiber Packaging (Paper Australia Pty Ltd)

      2. 7.1.2 Oji Holdings Corporation

      3. 7.1.3 Abbe

      4. 7.1.4 Australian Corrugated Packaging

      5. 7.1.5 UBEECO Packaging Solutions

      6. 7.1.6 PACKQUEEN ABN

      7. 7.1.7 Boxes For Business

      8. 7.1.8 Micor Packaging

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OUTLOOK OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Australia Corrugated Board Packaging Market market is studied from 2020 - 2027.

The Australia Corrugated Board Packaging Market is growing at a CAGR of 3.8% over the next 5 years.

Visy Industries Private Limited , Opal Fiber Packaging (Paper Australia Private Limited), Oji Group , Austcor Packging (Abbe), Australian Corrugated Packaging are the major companies operating in Australia Corrugated Board Packaging Market.

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