Africa Plastic Packaging Market (2020-2026) | Analysis, Size, Share, Revenue, Share, industry, Forecast, Trends, Growth & COVID-19 IMPACT

Latest 2023 Developments of the Africa Plastic Packaging Market

The Africa Plastic Packaging Market is attaining growth and there are many notable developments that play a huge role in the success of the market. Here are some of the key latest developments:

• Demand for Sustainable Packaging: The demand for sustainable packaging is growing with the rising focus on environmental degradation. Many players in the market focus on developing packaging solutions that can protect the environment like biodegradable plastics in order to cater to this growing demand. This development is supporting the Africa Plastic Packaging Market Growth.
• Recycling Infrastructure Investment: There has been a huge investment in recycling infrastructure in the region, with many countries introducing policies as well as initiatives that are aimed at promoting the recycling of plastic waste. For example, South Africa 2020 introduced the Extended Producer Responsibility (EPR) scheme that places the responsibility of managing post-consumer waste on manufacturers.
• Growth in E-commerce: The pandemic accelerated the growth of e-commerce in the region, which is leading to a rise in demand for packaging materials, this is aiding the Africa Plastic Packaging Industry to grow more. Plastic packaging in the region is a popular choice for e-commerce owing to its durability as well as cost-effectiveness.
• Innovative Packaging Solutions: Players are investing in innovative packaging solutions in order to differentiate themselves from their competitors. For example, Coca-Cola 2020 introduced plant-based bottles made from sugarcane waste, which is biodegradable and recyclable.
• Government Regulations: Governments in the region are introducing regulations for reducing the use of single-use plastics. For instance, Kenya 2020 implemented a ban on single-use plastics in national beaches and parks.

These latest developments are aiding in the rising demand for plastic packaging, which in turn, is aiding in the growth of the Africa Plastic Packaging Market Share.

Africa plastic packaging market Synopsis

Africa plastic packaging market is expected to witness growth in the upcoming years. The African continent is also projected to develop as a high-growth region for the plastic packaging industry, with growing demand due to the increased markets for consumer products, increasing individual incomes, rising population of youthful consumers and increasing domestic economies especially those in the East and West Africa. Moreover, the rise of flexible plastic packaging in Africa is witnessed due to the growing food industry and private investments to develop flexible and fully compostable packaging. Also, important private investments to emerge new, as well as unique flexible packaging solutions, positively encourage the growth of the flexible packaging market in Africa. However, the outbreak of the COVID-19 pandemic has had a huge impact on various industries along with this market.

According to 6Wresearch, Africa Plastic Packaging Market is anticipated to register growth during 2020-2026. Based on countries, South Africa is the most self-dependent market with raw materials being produced locally compared with Kenya which is completely reliant on imports, while Nigeria sources half its supplies from international distributors. Because of the import regulations and tariffs in Nigeria, the plastic packaging companies there pay a much higher price for raw materials compared to the other neighbouring countries. Emerging strategic partnerships with raw materials suppliers and enhancing recycling initiatives are expected to help in reducing the expenditure of importing plastic resins.

Based on Type, Africa plastic packaging market is segmented into rigid and flexible. Additionally, based on product, the market is categorized into bottles, cans, warps & films, bags, pouches and others. Based on application, the market is categorized into Food & Beverages, Industrial packaging, pharmaceuticals, Personal & Household Care and others. The key players in the plastic packaging market are Bemis Company, Inc., Amcor plc, Sealed Air, Sonoco Products Company, CCC Packaging, Berry Africa Inc., Reynolds Pens, Mondi, COVERIS, Huhtamaki, ALPLA, DS Smith, Tetra Laval International S.A., BALL CORPORATION, PROLAMINA PACKAGING.

Africa Plastic packaging market report thoroughly covers the market by type, product, application, and country including South Africa, Kenya, Nigeria and the rest of Africa. Africa Plastic Packaging market outlook report provides an unbiased and detailed analysis of the ongoing plastic packaging market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Africa Plastic Packaging Market Outlook
• Africa Plastic Packaging Market Overview
• Africa Plastic Packaging Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Africa Plastic Packaging Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Kenya Plastic Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Nigeria Plastic Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Ghana Plastic Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Africa Plastic Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Africa Plastic Packaging Market
• Market Drivers and Restraints
• Africa Plastic Packaging Market Trends
• Application Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Africa Plastic Packaging Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Product:

• Bottles
• Cans
• Wraps and Films
• Bags
• Pouches
• Others

By Type:

• Rigid
• Flexible

By Application:

• Food and Beverage
• Industrial Packaging
• Pharmaceutical
• Personal and Household Care
• Others

By Regions:

• South Africa
• Kenya
• Nigeria
• Ghana
• Rest of Africa