Nigeria Flexible Plastic Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.25 Million tonnes |
| Market Volume (2029) | 0.3 Million tonnes |
| CAGR (2024 - 2029) | 3.71 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Nigeria Flexible Plastic Packaging Market Analysis
The Nigeria Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.25 Million tonnes in 2024 to 0.3 Million tonnes by 2029, at a CAGR of 3.71% during the forecast period (2024-2029).
The surge in demand for flexible plastic packaging solutions in Nigeria stems from a rising population, increased consumer spending, and the expanding pharmaceutical, food, and beverage industries.
- Nigeria, Africa's most populous country, is poised for growth in its flexible packaging industry, driven largely by the burgeoning food and agricultural sectors. Notably, the food processing landscape is predominantly shaped by small and medium-sized enterprises (SMEs), presenting a significant growth avenue for flexible packaging solutions like pouches, bags, films, and wraps.
- The flexible plastic packaging market is set for substantial growth, and the Nigerian food industry is projected to follow a robust trajectory. According to the US Department of Agriculture (USDA), household food spending in Nigeria is forecasted to surge by 15.2% between 2023 and 2025, fueled by urbanization and a youthful demographic.
- Nigeria's healthcare sector, still in its nascent stages, aligns with Africa's broader ambition of fostering a self-reliant pharmaceutical industry. Notably, in 2023, the Nigeria Sovereign Investment Authority (NSIA) bolstered its healthcare initiatives, as reported by the International Trade Administration, further underlining the sector's growth potential.
- Yet, amidst these promising trends, environmental concerns loom large on the flexible packaging market. In a proactive move, the Nigerian government, responding to mounting worries over plastic waste, announced a ban in January 2024 on single-use plastics, encompassing bags, containers, and bottles, thus hampering the market’s growth.
Nigeria Flexible Plastic Packaging Market Trends
Polyethylene (PE) Estimated to Hold Significant Market Share
- Polyethylene (PE), a lightweight and durable polymer, dominates the packaging landscape in Nigeria. Its key advantage lies in safeguarding products, warding off contaminants, and thereby extending the shelf life.
- The surging demand for PE, especially in crafting plastic packaging like stand-up pouches and high-barrier laminates, is set to drive the market forward. These solutions cater to a diverse range of sectors, including food, beverages, pharmaceuticals, cosmetics, and personal care.
- Leading Nigerian manufacturers, exemplified by Salient Industries Limited, are focusing on delivering top-notch, flexible packaging. They harness materials like polyethylene (PP), polypropylene (PP), and bi-oriented polypropylene (BOPP) to cater to a broad spectrum of industries. Moreover, these companies are adept at tailoring packaging solutions to meet the specific needs of their clients.
- Nigeria's burgeoning export trade is poised to play a pivotal role in the nation's economic trajectory. Notably, the country's top export destinations include the Netherlands, India, Spain, Canada, and France. Data from the National Bureau of Statistics reveals that Nigeria's exports in Q4 of 2023 hit USD 8.29 billion, marking a robust 22.68% increase from the previous quarter.
Food Industry to Register Highest Market Share
- Nigeria's burgeoning food processing industry, coupled with the rise of online food delivery services, is fueling the demand for flexible packaging solutions. Data from the International Trade Administration highlights a growing appetite in Nigeria for dairy products packaged in pouches and high-barrier bags, a trend aimed at enhancing shelf life.
- Nigeria's growth trajectory is underpinned by rapid urbanization and a digitally adept populace. This landscape has catalyzed the adoption of digital services, particularly in online food delivery. These platforms, prized for convenience, align seamlessly with Nigeria's urban pace, driving up the need for advanced food packaging solutions.
- Domestic manufacturers, such as All Time Packaging, provide specialized bags and pouches for bakery, fresh, and frozen products. Their goal is to safeguard products from contaminants and extend their shelf life.
- As a nation heavily reliant on imports, Nigeria's expanding GDP is bolstering its food processing sector. Figures from the National Bureau of Statistics underscore this growth, with Nigeria's GDP climbing by 2.31% in Q1 2023 and further by 3.46% in Q4 2023.
Nigeria Flexible Plastic Packaging Industry Overview
The Nigerian flexible plastic packaging market is characterized by a moderate level of consolidation, with key players like UFlex Limited, Flexipack Plastics Ltd, Quantum Plastic Nigeria Ltd, and All Time Packaging leading the way. These industry giants are bolstering their market presence through strategies, including new product introductions, awards, and recognitions, and forming strategic partnerships with international players.
Nigeria Flexible Plastic Packaging Market Leaders
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All Time Packaging
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Flexipack Plastics Ltd.
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Quantum Plastic Nigeria Ltd.
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Tempo Paper Pulp and Packaging Ltd.
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UFlex Limited
*Disclaimer: Major Players sorted in no particular order
Nigeria Flexible Plastic Packaging Market News
- April 2024: UFlex Limited, an Indian firm with operations in Nigeria, clinched ten impressive awards at the SIES SOp Star Awards 2023. UFlex's packaging film division secured three awards, while its flexible packaging arm garnered another, underscoring the company's commitment to sustainability and innovation.
- March 2024: Nigeria hosted the Agrofood and Plastprintpack Exhibition, focusing on cutting-edge printing and packaging innovations. A diverse array of exhibitors, hailing from Austria, Bulgaria, China, France, India, South Africa, Poland, Spain, Taiwan, Germany, and Tunisia, presented customized offerings for the Nigerian market.
Nigeria Flexible Plastic Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Food Industry to Propel Demand for Flexible Plastic Packaging
5.1.2 Growing Pharmaceutical Industry in the Country
5.2 Market Challenge
5.2.1 Environmental Concerns over Plastic Packaging
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Polyethene (PE)
6.1.2 Bi-oriented Polypropylene (BOPP)
6.1.3 Cast Polypropylene (CPP)
6.1.4 Polyvinyl Chloride (PVC)
6.1.5 Ethylene Vinyl Alcohol (EVOH)
6.1.6 Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS)
6.2 By Product Type
6.2.1 Pouches
6.2.2 Bags
6.2.3 Films and Wraps
6.2.4 Other Product Types (Blister Packs, Liners, etc)
6.3 By End-User Industry
6.3.1 Food
6.3.1.1 Candy & Confectionery
6.3.1.2 Frozen Foods
6.3.1.3 Fresh Produce
6.3.1.4 Dairy Products
6.3.1.5 Dry Foods
6.3.1.6 Meat, Poultry, And Seafood
6.3.1.7 Pet Food
6.3.1.8 Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)
6.3.2 Beverage
6.3.3 Medical and Pharmaceutical
6.3.4 Personal Care and Household Care
6.3.5 Other End user Industries ( Automotive, Chemical, Agriculture)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Flexipack Plastics Ltd
7.1.2 UFlex Ltd
7.1.3 Salient Industries
7.1.4 Victor Oscar Company
7.1.5 All Time Packaging
7.1.6 Quantum Plastic Nigeria Ltd
7.1.7 Tempo Paper Pulp and Packaging Ltd
7.1.8 Cali Pak
- *List Not Exhaustive
7.2 Heat Map Analysis
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OUTLOOK
Nigeria Flexible Plastic Packaging Industry Segmentation
The study on the Nigerian flexible plastic packaging market tracks demands in terms of revenue by material and tracks the market size for respective end-users. The market estimates include all the costs associated with flexible plastic packaging manufacturing, from raw material procurement to end-use industries. The estimates exclude the cost of the content that is or is to be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using both bottom-up and top-down approaches for segmentation, and volume has also been considered.
The Nigeria Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture]).The market sizing and forecasts are provided in terms of volume (tonnes) for all the above segments.
| By Material Type | |
| Polyethene (PE) | |
| Bi-oriented Polypropylene (BOPP) | |
| Cast Polypropylene (CPP) | |
| Polyvinyl Chloride (PVC) | |
| Ethylene Vinyl Alcohol (EVOH) | |
| Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS) |
| By Product Type | |
| Pouches | |
| Bags | |
| Films and Wraps | |
| Other Product Types (Blister Packs, Liners, etc) |
| By End-User Industry | ||||||||||
| ||||||||||
| Beverage | ||||||||||
| Medical and Pharmaceutical | ||||||||||
| Personal Care and Household Care | ||||||||||
| Other End user Industries ( Automotive, Chemical, Agriculture) |
Nigeria Flexible Plastic Packaging Market Research FAQs
How big is the Nigeria Flexible Plastic Packaging Market?
The Nigeria Flexible Plastic Packaging Market size is expected to reach 0.25 million tonnes in 2024 and grow at a CAGR of 3.71% to reach 0.3 million tonnes by 2029.
What is the current Nigeria Flexible Plastic Packaging Market size?
In 2024, the Nigeria Flexible Plastic Packaging Market size is expected to reach 0.25 million tonnes.
Who are the key players in Nigeria Flexible Plastic Packaging Market?
All Time Packaging, Flexipack Plastics Ltd., Quantum Plastic Nigeria Ltd., Tempo Paper Pulp and Packaging Ltd. and UFlex Limited are the major companies operating in the Nigeria Flexible Plastic Packaging Market.
What years does this Nigeria Flexible Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Nigeria Flexible Plastic Packaging Market size was estimated at 0.24 million tonnes. The report covers the Nigeria Flexible Plastic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nigeria Flexible Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nigeria Flexible Plastic Packaging Industry Report
Statistics for the 2024 Nigeria Flexible Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nigeria Flexible Plastic Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
