Nigeria Flexible Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Nigerian flexible packaging market is expected to grow at a CAGR of 4.6% over the forecast period. Nigeria's demand for packaging solutions is driven by the expanding e-commerce sector, which is anticipated to rise due to the rising population, consumer spending, and increasing technology penetration.
Key HighlightsThe Nigerian flexible packaging market is fragmented in nature owing to the presence of several players operating in the market holding a considerable share. The players operating in the market perform activities such as mergers, acquisitions, capacity expansion, product innovations, etc., to remain competitive in the market and hold a significant market share. PrimePak Industries Nigeria Ltd, Victor Oscar Company, Quantum Plastic Nigeria Ltd, Flexipack Plastics Ltd, and Tempo Paper Pulp & Packaging Ltd are some of the key market players.
In November 2022, Tempo Paper Pulp & Packaging Ltd (Ota, Ogun State), one of the leading producers of packaging films, started its second BOPP film line, which is 8.7m wide with an annual capacity of 42,000 tons per year as the demand for high-quality packaging film rapidly increasing across Africa, especially in Nigeria.
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