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.

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.

Browse market data Tables and Figures spread through 70 Pages and an in-depth TOC on“ Australia Flexible Packaging Market”

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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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