Australia Paper and Paperboard Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Australian paper and paperboard packaging market is expected to register a CAGR of 4.23% over the forecast period. Currently, consumers in the country prefer recyclability and biodegradability as essential packaging parameters over reusability. This underlines the growing concerns of consumers about the environmental impact of packaging waste in the future.
Key HighlightsThe Australian paper and paperboard packaging market is moderately fragmented, with significant players such as Visy Industries, Paper Australia Pty Ltd, and Abbe Corrugated Pty. Ltd., occupying most of the market share. The companies in the country are forming multiple partnerships and mergers to increase their market share.
In January 2022, Amcor PLC launched a new platform of paper-based packaging products. The company plans to gradually extend its new paper-based offerings into a wide variety of applications such as coffee, drink powders, seasoning, and soups in the Americas and Asia-Pacific regions. AmFiber innovations will join other recently introduced Amcor paper-based products, including butter and margarine solutions in Latin America, cheese in Europe, and confectionery in Australia.
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