Market Share of Australia Plastic Packaging Industry
Australia's plastic packaging market is highly fragmented, and the current competitors are striving to differentiate their offerings based on recycled content in packages and the ease of plastic packaging recyclability. Vendors are also competing with international players who occupy a larger market share by constantly acquiring, innovating, and partnering, which is expected to intensify the rivalry. Some key players are Orora Packaging Australia Pty Ltd, Filton Packaging Pty Ltd., Flexible Packaging Solutions Pty Ltd., and Econopak Flexible Packaging.
- July 2022 - Under the ANZPAC Plastics Pact, the Australian Packaging Covenant Organisation (APCO) released a new document that outlines the strategy needed to meet the regional plastic targets by 2025. It is done by redesigning, innovating, and using alternative (reuse) delivery models. Plastic packaging that is unnecessary and problematic can be eliminated.
- March 2022 - The Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia's national science agency, and the Australian government's Department of Foreign Affairs and Trade joined forces to launch the Plastics Innovation Hub Indonesia project.
- July 2022 - Australia's Woolworths Group and Pact have partnered to promote circular packaging. As a result, Woolworths' brand packaging can now contain up to 18,000 tonnes of recycled plastic annually. Including the recently opened PET recycling facility in Albury. The proposed partnership aims to make Pact Woolworths' top strategic partner by volume in the retailer's efforts to deliver more environmentally friendly packaging across its brand range and to provide the most significant boost to date in the retailer's effort to reduce the use of virgin (new) plastic in all of its brand packagings by half by 2024.
Australia Plastic Packaging Market Leaders
Pact Group Holdings Australia Pty Ltd .
Synergy Packaging (BERRY GLOBAL INC.)
Pro-Pac Packaging Pty Ltd .
Orora Packaging Australia Pty Ltd
Amcor PLC
*Disclaimer: Major Players sorted in no particular order
