Market Share of Nigeria Packaging Industry
The competitive landscape of the packaging industry in Nigeria is fragmented owing to the presence of many manufacturers in the country holding a large market share. The market players are forming strategic partnerships and collaborations to attract maximum market share in a developing economy.
- August 2024: Nestlé Nigeria has introduced its breakfast cereal, Golden Morn, now featuring sustainable packaging. This initiative aligns with Nestlé's global recycling vision. The new packaging highlights Nestlé's commitment to ensuring that over 95% of its plastic packaging is recyclable by 2025. Additionally, the packaging incorporates eco-friendly materials, further emphasizing Nestlé's dedication to sustainability.
- December 2023: Nestle Nigeria introduced new water bottles that are made with 50% recycled Polyethylene Terephthalate (PET). The goal of the company is to promote circular economy and minimize the impact of its production process on the environment.
Nigeria Packaging Market Leaders
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Avon Crowncaps & Containers Nigeria Limited
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Greif Inc.
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Nampak Ltd.
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Twinstar Industries Ltd.
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Frigoglass
*Disclaimer: Major Players sorted in no particular order
