South Africa Protective Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The South African protective packaging market is anticipated to register a CAGR of 5.08% during the next five years. The industry is expected to grow due to the rising sustainability trend in the coming years. Further, the rapid expansion of the e-commerce sector is anticipated to fuel the growth of the market over the coming years.
Key HighlightsThe South African protective packaging market is consolidated due to the presence of limited firms in the country, where few firms hold significant market shares. The market witnessed few acquisitions, whereas product innovations took place significantly. Some key market players include the Mondi Group, Sealed Air Corporation, Packman Industrial Packaging, VitaTex (Pty) Ltd, and Dura Pack (Pty) Ltd.
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