Melbourne-based sustainable packaging company Great Wrap has entered voluntary administration with debts of about $39 million, following years of financial losses and shifting market conditions.
Founded in 2019 by husband-and-wife team Jordy and Julia Kay, Great Wrap developed compostable cling wrap, catering wrap and pallet wrap made from food waste and plant-based polymers. It was the only Australian manufacturer producing compostable stretch wrap for both household and commercial use.
Administrators Brent Morgan and Shane Cremin of Rodgers Reidy were appointed to the company’s operating entity, Plantabl Packaging Pty Ltd, on 17 September 2025. All five employees were made redundant and operations at the Tullamarine facility were…