Nigeria Plastic Packaging Films Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.47 Million tonnes |
| Market Volume (2029) | 0.59 Million tonnes |
| CAGR (2024 - 2029) | 4.65 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Nigeria Plastic Packaging Films Market Analysis
The Nigeria Plastic Packaging Films Market size is estimated at 0.47 Million tonnes in 2024, and is expected to reach 0.59 Million tonnes by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).
- Nigeria's substantial investment in food and packaging technology and its focus on leveraging innovative solutions for retaining the freshness of cold food products can significantly contribute to the growth of its plastic packaging films. As Nigeria modernizes its food industry and focuses on reducing food waste, there will be a growing demand for high-quality, innovative plastic packaging films. Film packaging plays a crucial role in extending the shelf life of perishable products, preserving their freshness, and safeguarding them during transportation.
- Italy’s commitment to bolstering trade with Nigeria signifies a mutual interest in expanding economic cooperation. In April 2023, Italy announced the expansion of its current USD 2.4 billion trade cooperation with Nigeria at the West African Cold Chain Summit and Exhibition in Lagos.
- According to data from the Germany Machinery Association, Nigeria’s emergence as the largest investor in food and packaging technology in Africa, with a substantial investment of EUR 346 million (USD 375.5 million) in 2023, reflects its commitment to modernizing its food industry.
- By leveraging innovative food packaging solutions, Nigeria’s investment in food packaging technology could create more solutions to retain the freshness of cold food products, thereby reducing food waste and meeting the demand for fresher goods in international markets.
- According to a recent US Agency for International Development study, Nigeria ranks among the world's leading contributors to plastic pollution, producing more than 2.5 million tonnes of plastic waste yearly. Over, more than 70% of this waste enters oceans and landfills.
- The alarming statistics on plastic waste generation and disposal in Nigeria intensify global and local scrutiny of plastic usage and its environmental impact. This scrutiny often translates into stricter regulations and policies to reduce plastic pollution. Such laws may limit plastic packaging film production, sale, or use, affecting market demand and operations.
Nigeria Plastic Packaging Films Market Trends
Polyethylene is Expected to Witness Significant Growth
- Nigeria's significant consumption of primary plastics (resins) provides a solid foundation for the growth of the polyethylene packaging film market. With a robust plastic manufacturing sector, there is a steady and accessible supply of primary plastics such as polyethylene resins. These resins serve as the primary raw material for manufacturing polyethylene packaging films. A stable supply chain of raw materials is essential for consistently producing packaging films.
- In June 2024, Nigeria made headlines by banning single-use plastics within government offices. This ban is a precursor to a nationwide sweeping prohibition slated to take effect in January 2025, a decision poised to impact a nation heavily reliant on plastic consumption significantly.
- The ban is anticipated to raise awareness about environmental concerns associated with single-use plastics. This could shift consumer behavior towards more sustainable packaging options, including reusable and recyclable polyethylene packaging films. Manufacturers can respond by diversifying their product offerings to meet these changing preferences.
- According to an article published by the World Trade Organization in October 2023, the export of goods accounted for USD 63.07 billion in 2022, an increase of USD 46.87 billion from 2021. With higher export volumes, an increased demand is highly anticipated for packaging materials like polyethylene packaging films. These films protect goods during transportation and storage, especially for exports.
Food to Show Significant Growth
- • In July 2024, the launch by the Federal Government of Nigeria of a 180-day plan to lower food prices, which includes initiatives like duty-free imports and strategic agriculture measures, can significantly impact the market.
- With the government's focus on boosting agricultural output, there may be a surge in the volume of food products entering the market. This increased volume will directly translate into higher demand for plastic packaging films, as more packaging materials will be needed to accommodate the larger quantities of food being produced and distributed.
- According to the World Food Programme, with over 220 million people, Nigeria is the most populated country in Africa and the sixth in the world. However, around 84 million Nigerians, representing about 37% of the total population, live below the poverty line.
- Despite poverty, Nigeria's large population still represents a substantial consumer base. Basic necessities like food and beverage products require packaging for distribution and sale. Plastic packaging films are crucial in maintaining the integrity and hygiene of these products, thereby ensuring their affordability and accessibility to a wider population.
- In September 2023, Nigeria's consumer food price index, as reported by the National Bureau of Statistics, rose to 737.3, marking an increase from the previous year. With higher food prices, consumers and retailers alike will prioritize minimizing food wastage. Plastic packaging films help in preserving food by protecting it from spoilage, moisture, and contaminants. This increased emphasis on food preservation can boost the demand for plastic packaging films.
Nigeria Plastic Packaging Films Industry Overview
The Nigeria Plastic Film Packaging Market is a consolidated landscape with few manufacturers dominating it. Players in this market often adopt key strategies such as product launches, collaboration, and partnerships to enhance their market presence and ensure sustainability. These strategies allow them to expand their operational capabilities, access new markets, and strengthen their competitive edge.
- May 2024: UFlex, a flexible packaging manufacturer with operations in Nigeria, launched its offerings in the final quarter of FY24. The company introduced new products specifically designed for both labels and flexible packaging. UFlex's packaging films division notably rolled out the 'B-UUB-M' Outstanding Barrier Metallized BOPP Film. This innovative film is crafted to cater to various products, including dry fruits, beverages, chips, snacks, biscuits, cookies, confectionery, and chocolate items.
- August 2023: UFlex launched innovative and sustainable products. The Uflex Packaging Films division made waves with the introduction of the F-PSX, a high-barrier transparent BOPET film. The F-PSX boasts a protective printable layer, a high-barrier vacuum deposit on one side, and a surface that can be primer-coated.
Nigeria Plastic Packaging Films Market Leaders
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Radiant Packaging Industry LLC
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Salamasor Nigeria Limited
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Tempo Paper Pulp & Packaging PLC
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UFlex Limited
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Quantum Plastic
*Disclaimer: Major Players sorted in no particular order
Nigeria Plastic Packaging Films Market News
- July 2024: Nigeria has initiated a plastic recycling project in collaboration with researchers and university organizations. The project's primary goal is to establish two recycling micro-factories within university campuses. The overarching objective is to tailor a recycling process to meet local demands, ultimately bolstering Nigeria's plastic recycling sector.
- Nigeria can develop a sustainable and reliable supply chain of recycled plastic materials by setting up local recycling micro-factories. These recycled materials can be used as raw materials for manufacturing plastic packaging films, reducing dependence on imported virgin plastics and contributing to cost savings.
- May 2024: The collaboration between USAID and the Coca-Cola Foundation in Nigeria to tackle plastic pollution through the NPSA (Nigeria Plastic Sustainability Alliance) initiative, aiming to recover approximately 49,000 tons of plastic waste, can positively impact the Plastic Packaging Films Market.
- The recovery and recycling of 49,000 tons of plastic waste will significantly increase the availability of recycled plastics in Nigeria. This can directly benefit the Plastic Packaging Films Market by providing a sustainable and cost-effective source of raw materials. Manufacturers can utilize these recycled plastics to produce packaging films, reducing dependency on virgin plastics and supporting environmental sustainability goals.
Nigeria Plastic Packaging Films 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 Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products and Services
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Impact of Rising Adoption of Online Shopping on Market
5.1.2 Capitalizing on Increasing Demand from the Food Industry
5.2 Market Restraints
5.2.1 Nigeria's Plastic Pollution Crisis: A Deep Dive into the Numbers and Implications
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast polypropylene (CPP))
6.1.2 Polyethylene (Low-Density Polyethylene (LDPE), Linear low-density polyethylene (LLDPE))
6.1.3 Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET))
6.1.4 Polystyrene
6.1.5 Bio-Based
6.1.6 PVC, EVOH, PETG, and Other Film Types
6.2 By End-user Industry
6.2.1 Food
6.2.1.1 Candy and Confectionery
6.2.1.2 Frozen Foods
6.2.1.3 Fresh Produce
6.2.1.4 Dairy Products
6.2.1.5 Dry Foods
6.2.1.6 Meat, Poultry, and Seafood
6.2.1.7 Pet Food
6.2.1.8 Other Food Products (Seasonings and Spices, Spreadables, Sauces, Condiments, etc.)
6.2.2 Healthcare
6.2.3 Personal Care and Home Care
6.2.4 Industrial Packaging
6.2.5 Other End-use Industry Applications (Agricultural, Chemical, etc.)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Radiant Packaging Industry LLC
7.1.2 Salamasor Nigeria Limited
7.1.3 Tempo Paper Pulp & Packaging PLC
7.1.4 UFlex Limited
7.1.5 Quantum Plastic
7.1.6 Luban Packing LLC
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Nigeria Plastic Packaging Films Industry Segmentation
Plastic film packaging refers to various thin plastic materials that wrap or protect products. These films are commonly used in the food, beverage, pharmaceutical, and other industries. The report tracks the demand for converted packaging films across major resin and application types. This encompasses a range of materials and uses, reflecting the market's varied requirements and the evolving preferences of consumers and businesses.
The Nigeria Plastic Packaging Films Market is Segmented by Type (Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast Polypropylene (CPP)), Polyethylene (Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE)), Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET)), Polystyrene, Bio-Based, and PVC, EVOH, PETG, and Other Film Types), by End-User Industry (Food [Candy & Confectionery, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry, and Seafood, Pet Food, and Other Food Products (Seasonings & Spices, Spreadable, Sauces, Condiments, Etc. )], Healthcare, Personal Care & Home Care, Industrial Packaging, Other End-User Industry Applications). The report offers market forecasts and size in volume (tonnes) for all the above segments.
| By Type | |
| Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast polypropylene (CPP)) | |
| Polyethylene (Low-Density Polyethylene (LDPE), Linear low-density polyethylene (LLDPE)) | |
| Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET)) | |
| Polystyrene | |
| Bio-Based | |
| PVC, EVOH, PETG, and Other Film Types |
| By End-user Industry | ||||||||||
| ||||||||||
| Healthcare | ||||||||||
| Personal Care and Home Care | ||||||||||
| Industrial Packaging | ||||||||||
| Other End-use Industry Applications (Agricultural, Chemical, etc.) |
Nigeria Plastic Packaging Films Market Research FAQs
How big is the Nigeria Plastic Packaging Films Market?
The Nigeria Plastic Packaging Films Market size is expected to reach 0.47 million tonnes in 2024 and grow at a CAGR of 4.65% to reach 0.59 million tonnes by 2029.
What is the current Nigeria Plastic Packaging Films Market size?
In 2024, the Nigeria Plastic Packaging Films Market size is expected to reach 0.47 million tonnes.
Who are the key players in Nigeria Plastic Packaging Films Market?
Radiant Packaging Industry LLC, Salamasor Nigeria Limited, Tempo Paper Pulp & Packaging PLC, UFlex Limited and Quantum Plastic are the major companies operating in the Nigeria Plastic Packaging Films Market.
What years does this Nigeria Plastic Packaging Films Market cover, and what was the market size in 2023?
In 2023, the Nigeria Plastic Packaging Films Market size was estimated at 0.45 million tonnes. The report covers the Nigeria Plastic Packaging Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nigeria Plastic Packaging Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nigeria Plastic Packaging Films Industry Report
Statistics for the 2024 Nigeria Plastic Packaging Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nigeria Plastic Packaging Films 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.
