PE Films Australia Market Trends
Category Intelligence on PE Films Australia covers the following
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macroeconomic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advice
Industry Outlook & Drivers
Australia Regional Market Outlook on PE Films
Australian PE films packaging market is expected to grow at a CAGR of 2-3% to reach a value of 1.8 MMT by 2023, mainly driven by food and beverages market, which is expected to grow at a CAGR of 11-12% (2018-23F) .In beverages, alcoholic drinks segments which is expected to grow at a moderate CAGR of 3.5-4%(2018-23F) would be one of the major drivers of PE Films in the country. Large growth is expected from bottled water and soft drinks, which are likely to accelerate volume additions and low cost product advancements in Australian PE films packaging market.
APAC would witness a growth rate of 2-3 percent, until 2023. The major drivers would be high end use demand from food and beverages segment. The country would not face any supply constraints in PE Films owing to the presence of fairly fragmented supply base.
PE Films – Drivers and Constraints
- One of the major growth drivers for PE films is the increasing usage of stretch and shrink films, which is expected to grow at a CAGR of 4–5 percent in Australia from 2018 to 2023F. These films are used in packaging and non-packaging applications because of its physical properties, such as tear strength, stress, durability, etc.
- The increase in demand for food, beverages and consumer goods products in emerging regions, due to growing urbanization and increasing disposable income of middle class
Technology and Innovation
- Technological innovations in the field of manufacturing machineries and production process are gaining momentum, mainly due to dynamic consumer preference, which would provide PE films an edge over its rigid packaging counterpart
- There is an increase in the usage of BOPP films, mainly in food packaging segment, due to its barrier properties
- In the developed markets, there is a major sustainability trend toward the use of paper, cloth, and jute bags to replace the PE bags
- Several major cities are also banning the use of plastic bags. In the recent past, the top retail chains have moved from using plastic bags to jute/paper bags