Market Forecast By Type (Rigid, Flexible), By Product (Bottles, Cans, Wraps & Films, Bags, Pouches, Others), By Applications (Food & Beverages, Industrial Packaging, Pharmaceuticals, Personal & Household Care, Others) And Competitive Landscape
Product Code: ETC039689 | Publication Date: Jan 2021 | Updated Date: Jun 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
South Africa Plastic Packaging market currently, in 2023, has witnessed an HHI of 1576, Which has increased slightly as compared to the HHI of 1054 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | South Africa Plastic Packaging Marketย |
Forecast period | 2024-2030 |
CAGR | 4.5% |
Growing Sector | Food and beverage |
South Africa Plastic Packaging Market report thoroughly covers the market by Product, Type, and Applications. The market report provides an unbiased and detailed analysis of the ongoing 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.
The country's plastic packaging industry has shown consistent growth over the years. The rise in demand for convenience and processed food, coupled with increasing urbanization, is driving the market growth. However, stringent regulations on single-use plastics pose a challenge to the market's growth. The advancement in plastic packaging technologies, such as smart and active packaging, enhances shelf life and product safety, attracting more businesses to adopt such solutions. Sustainability initiatives and the development of eco-friendly packaging materials are also playing a critical role, as both consumers and regulatory bodies push for greener alternatives.
According to 6Wresearch, the South Africa Plastic Packaging Market size is expected to grow at a significant CAGR of 4.5% during the forecast period 2024 - 2030. The demand for plastic packaging in South Africa is primarily driven by the fast-moving consumer goods (FMCG) industry. With a growing population and increasing urbanization, there has been a significant increase in the consumption of packaged food and beverages, leading to a higher demand for plastic packaging. The rise of e-commerce and online shopping has also contributed to the demand for plastic packaging. As more consumers shift towards online shopping, there is a need for durable and protective packaging materials to ensure the safe delivery of products. Moreover, plastic packaging offers several benefits such as being lightweight, cost-effective, and versatile. These factors have further fueled its use in various industries. Additionally, the burgeoning e-commerce sector requires efficient and durable packaging solutions to ensure the safe delivery of goods, further fuelling South Africa Plastic Packaging Market growth. These factors collectively contribute to a favourable outlook for the plastic packaging market in South Africa.
Despite the numerous benefits of plastic packaging, several challenges need to be addressed to promote sustainable packaging practices. One of the biggest challenges is the lack of proper waste management and recycling infrastructure. South Africa's recycling rate for plastic packaging is significantly lower than the global average. Another challenge is the negative impact of plastic on the environment. Plastic pollution not only affects wildlife but also poses a threat to human health through contamination of food and water sources. As consumers become more aware of these consequences, there is a growing demand for eco-friendly and biodegradable alternatives to traditional plastic packaging.
The plastic packaging market in South Africa is a highly competitive industry, with both domestic and international players vying for market share. Some of the key players in this market include Astrapak Limited, Nampak Ltd., Polyoak Packaging Group (Pty) Ltd., Mpact Limited, and Huhtamaki Group. These companies offer a wide range of plastic packaging solutions such as bottles, containers, bags, and films for various industries including food and beverage, healthcare, personal care, and household products.
The South African government has recognized the growing issue of plastic waste and its impact on the environment. They have implemented various initiatives to promote sustainable packaging practices and reduce plastic waste in the country. One such initiative is the Extended Producer Responsibility (EPR) policy, which requires producers and retailers to take responsibility for their products throughout their lifecycle. Another key initiative is the Plastic Bag Regulations, which banned thin plastic bags and introduced a minimum charge for thicker bags. Additionally, the government has also invested in infrastructure for improved waste management and recycling facilities. This not only promotes proper disposal of plastic waste but also provides economic opportunities for local communities. The government also launched a plastic bag tax in 2004, resulting in a significant decrease in plastic bag consumption.
The plastic packaging market in South Africa is expected to grow in the coming years. The growing population, increasing demand for consumer goods, and advancements in technology are likely to drive market growth. There is also a trend towards sustainable packaging solutions, which presents opportunities for companies to innovate and meet consumer preferences. The rise of e-commerce and online shopping is another factor contributing to the growth of plastic packaging in South Africa.
According to Dhaval, Research Manager, 6Wresearch, the bottles segment has been dominating the market with the highest share. This can be attributed to their wide use in various industries such as food and beverage, pharmaceuticals, personal care, and household cleaning products. The convenience offered by bottles makes them a popular choice among consumers.
Based on the Applications, the Food and beverage segment dominates the plastic packaging market in South Africa, accounting for the largest share of the market. This segment includes packaging products such as bottles, containers, pouches and bags used to package various food and beverage products.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Africa Plastic Packaging Market Overview |
3.1 South Africa Country Macro Economic Indicators |
3.2 South Africa Plastic Packaging Market Revenues & Volume, 2020 & 2030F |
3.3 South Africa Plastic Packaging Market - Industry Life Cycle |
3.4 South Africa Plastic Packaging Market - Porter's Five Forces |
3.5 South Africa Plastic Packaging Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 South Africa Plastic Packaging Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.7 South Africa Plastic Packaging Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 South Africa Plastic Packaging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Africa Plastic Packaging Market Trends |
6 South Africa Plastic Packaging Market, By Types |
6.1 South Africa Plastic Packaging Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 South Africa Plastic Packaging Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 South Africa Plastic Packaging Market Revenues & Volume, By Rigid, 2020 - 2030F |
6.1.4 South Africa Plastic Packaging Market Revenues & Volume, By Flexible, 2020 - 2030F |
6.2 South Africa Plastic Packaging Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 South Africa Plastic Packaging Market Revenues & Volume, By Bottles, 2020 - 2030F |
6.2.3 South Africa Plastic Packaging Market Revenues & Volume, By Cans, 2020 - 2030F |
6.2.4 South Africa Plastic Packaging Market Revenues & Volume, By Wraps & Films, 2020 - 2030F |
6.2.5 South Africa Plastic Packaging Market Revenues & Volume, By Bags, 2020 - 2030F |
6.2.6 South Africa Plastic Packaging Market Revenues & Volume, By Pouches, 2020 - 2030F |
6.2.7 South Africa Plastic Packaging Market Revenues & Volume, By Others, 2020 - 2030F |
6.3 South Africa Plastic Packaging Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 South Africa Plastic Packaging Market Revenues & Volume, By Food & Beverages, 2020 - 2030F |
6.3.3 South Africa Plastic Packaging Market Revenues & Volume, By Industrial Packaging, 2020 - 2030F |
6.3.4 South Africa Plastic Packaging Market Revenues & Volume, By Pharmaceuticals, 2020 - 2030F |
6.3.5 South Africa Plastic Packaging Market Revenues & Volume, By Personal & Household Care, 2020 - 2030F |
6.3.6 South Africa Plastic Packaging Market Revenues & Volume, By Others, 2020 - 2030F |
7 South Africa Plastic Packaging Market Import-Export Trade Statistics |
7.1 South Africa Plastic Packaging Market Export to Major Countries |
7.2 South Africa Plastic Packaging Market Imports from Major Countries |
8 South Africa Plastic Packaging Market Key Performance Indicators |
9 South Africa Plastic Packaging Market - Opportunity Assessment |
9.1 South Africa Plastic Packaging Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 South Africa Plastic Packaging Market Opportunity Assessment, By Product, 2020 & 2030F |
9.3 South Africa Plastic Packaging Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 South Africa Plastic Packaging Market - Competitive Landscape |
10.1 South Africa Plastic Packaging Market Revenue Share, By Companies, 2023 |
10.2 South Africa Plastic Packaging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |