The Africa Packaging Market size is estimated at USD 43.48 billion in 2024, and is expected to reach USD 52.52 billion by 2029, growing at a CAGR of 3.85% during the forecast period (2024-2029).
The Africa Packaging Market is moderately competitive. The players in the market are continuously focusing on expanding their customer base across the countries of Africa and leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Some of the key developments in the market are:
In July 2022, Ardagh Glass Packaging Africa announced the commissioning of a ZAR 1.5 billion (USD 95 million) extension of its Nigel production facility in Gauteng, South Africa. The investment doubled the facility's capacity to provide sustainable glass packaging to support the company's customers' current and projected demand growth and incorporates a new furnace and production lines.
In March 2022, Elopak ASA completed the acquisition of Naturepak Beverage, a leading gable top fresh liquid carton and packaging systems supplier in the MENA region, from Naturepak Limited, a wholly owned subsidiary of Gulf Industrial Group, and Evergreen Packaging International LLC, a wholly owned subsidiary of Pactiv Evergreen Inc.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook