Australia Corrugated Board Packaging Market Size

Australia Corrugated Board Packaging Market Analysis

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.