Australia Microflute Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMPAC3034 | Last Updated On: Jul 27 2022 | Available Formats

> Australia Microflute Market Expected to reach a high CAGR during the forecast period 2022-2029: DataM Intelligence

Australia Microflute Market is segmented By Flute Type (E-Flute, Filter Modules, F-Flute, N-Flute, Others), By End-User (Healthcare, Food and Beverages (Confectionery, Beverages, Frozen Food, Pet Food, Others), Home and Personal Care, Consumer Electronics, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Australia Microflute Market is expected to grow at a CAGR during the forecasting period (2022-2029).

Microflutes are durable, lightweight corrugated boards with minimum thickness, made from a fluted corrugated sheet and one or two inner and outer sheets.

The micro-flute packaging material can be cut or folded into any shape or size as per the design requirements.

The demand for micro-flute packaging materials is anticipated to increase, supported by the growth of e-commerce packaging and food & beverage segments, with companies focused on expanding production capacities to meet the growing demand. The higher penetration of internet shopping in consumer behavior has led to the development of innovative solutions for the packaging industry, improving micro flute packaging materials' quality.

The evolution of digital printing on micro-flute boards has also positively impacted the retail packaging industry, further driving the Australian market growth.

Market Dynamic 

The higher penetration of internet shopping in consumer behavior has led to the development of innovative solutions for the packaging industry, improving micro flute packaging materials' quality.

According to the study published by Statista, eCommerce revenue in Australia is expected to show an annual growth rate (CAGR 2021-2025) of 4.2%, resulting in a projected market volume of USD 35,045 million 2025.

Increased penetration of internet shopping of consumer goods, coupled with rising demand for high strength. Low-weight and cost-effective packaging solutions are driving the Australian micro flute market during the forecast period.

Over the last few, food processing and consumer electronic companies have shifted towards the inclusion of advanced packing materials such as micro flutes to reduce the damage to the products during transportation, improving customer satisfaction and zero-returns in shipments.

The micro flutes are ideally suited for retail-ready packaging, consumer-packaging, and e-commerce packaging applications. These packaging materials provide cushioning surfaces to the products and reduce their high impacts during transportation & internal movements.

The above factors led to increased consumption of micro flute packaging materials by the food industry, consumer electronics, and personal care industry to meet the consumer demand.

Segmentation Analysis 

By Flute Type 

The Australian Microflute Market is expected to grow at a CAGR during the forecasting period (2021-2028).

The thickness of N-Flute is low as compared to E-Flute and F-Flute. The thickness of N-Flute is 0.5 mm only. N-Flute is widely accepted in the packaging industry since it has higher stacking strength than carton board and surface similar to a solid board.

N-Flute is ideally used as a packaging material in applications such as Retail Ready Packaging (RRP), POS display, Bag-in-Box, for Consumer Packaging (cosmetics, food, and nutraceuticals), and E-Commerce markets.

In the food and beverage, cosmetics, and pharma industries, N-type micro-flute is becoming a material of choice because of their enhanced printability and folding capabilities and still offering a more rigid packaging than E-flute. Since N-type cardboards have many flutes per foot, they allow more accurate folding operations.

Food & drinks are the leading segments by market share for N-type micro-flute. The rise in demand for micro flute packaging materials in processed food and fresh produce packaging is expected to drive the segment growth, increasing consumer awareness about enhanced printability and folding capabilities, further making micro flutes the material of choice.

Besides, N-Flute allows direct litho printing since it is the most OK fluted board in the market and has been specifically engineered. This flute is best suited for the boxes and cartons, point of sale, internal carton dividers and trays, Charity collection boxes, and mailing cartons.

Moreover, most of the country's companies are showing interest in N-Flute due to its eco-friendly nature. This is because the board offers far less fibre consumption, lighter packaging, even saving on postage, and even the smaller volume of the packaged goods for warehousing and transportation and still provides excellent protection for the product.

N-Flutes have wide opportunities in the end-user such as food packaging, cosmetic packaging, retail-ready packaging, and E-Commerce. The rapidly growing eCommerce market in Australia is expected to drive the micro flute market, especially the N-Flute market, during the forecast period.

Australia is the 11th largest eCommerce market globally, and revenue is expected to reach more than USD 30 billion by 2024. The largest Australian eCommerce platforms/sites are eBay (AU) (69 million monthly visits), Amazon (AU) (22.5 million), Woolworths (20.4 million), JB Hi-Fi ((13.3 million), Big W (11.9 million), Coles (10.7 million), Kogan (10.2 million), Officeworks (9.45 million), Chemist Warehouse (9.1 million), and Catch (8.95 million).

Besides, trending mobile eCommerce will generate a significant market demand for micro flute packaging in the country. With mobile penetration at close to 100%, mobile payments and purchasing are major strategies for all retailers. According to a recent report by PayPal, 26.4% of all eCommerce transactions occur via mobile phone, representing a 28.8% year-on-year increase and dwarfing transactions made over laptop and desktop, which have been shrinking over the last couple of years.

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Microflute Market

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