The African plastic packaging market recorded a revenue of USD 13.87 billion in the previous year, and it is expected to reach USD 17.28 billion, registering a CAGR of 3.38% during the forecast period. The rigid plastic packaging market is expected to register a CAGR of 2.31%, while the flexible packaging market is anticipated to witness a CAGR of 4.78%.
The African plastic packaging market is highly fragmented, comprising market incumbents such as Mondi, Nampak, and Berry Astrapak and several regional packaging firms. With environmental concerns rising across countries, major players have boosted their investments in research and development to tackle environmental concerns and make plastic bottles safer.
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