Nigeria Rigid Plastic Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Nigeria Rigid Plastic Packaging Market Analysis

The Nigeria Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.33 Million metric tons in 2024 to 0.37 Million metric tons by 2029, at a CAGR of 2.59% during the forecast period (2024-2029).

Nigeria, with a population of 218 million, is Africa's most populous nation. It also has the largest economy on the continent, as measured by gross domestic product (GDP), significantly boosting the country's manufacturing sector. Rising disposable incomes and a growing appetite for packaged goods in Nigeria drive the surging demand for rigid plastic packaging solutions.

• According to data from the United States Department of Agriculture (USDA), household food spending is estimated to grow by 15.2% on average annually from 2022 to 2025. This surge is largely fueled by a shift in consumer preference towards European and American-style foods, propelling the growth of international fast-food giants such as KFC and Domino's in Nigeria.
• Moreover, factors such as rising urbanization, a burgeoning youth demographic, and increasing female employment are amplifying the demand for convenient meal solutions. This includes a growing appetite for ready-to-eat meals, packaged snacks, and fast foods, all commonly packaged in rigid plastic containers.
• Manufacturers in Nigeria are increasingly gravitating towards Polyethylene (PE) for rigid plastic packaging due to its robust barrier properties and versatility. Furthermore, PET material is also gaining traction for its durability, adaptability, and cost-effectiveness. As industries like food, beverage, and pharmaceuticals continue to expand and innovate, the demand for plastic bottles and container packaging is on the rise.
• Nonetheless, Nigeria's rigid plastic packaging market faces a significant hurdle: mounting environmental concerns. The country's struggle with plastic waste, which often finds its way into rivers, oceans, and landfills, poses a challenge. The Nigerian Economic Summit Group highlights the gravity of the situation, estimating an annual generation of 2.5 million tonnes of plastic waste in the country.

Nigeria Rigid Plastic Packaging Market Trends

Polyethylene (PE) Segment Expected to Have the Largest Market Share

Nigeria Rigid Plastic Packaging Industry Segmentation

The scope of the study characterizes the rigid plastic packaging market based on the product's raw materials, including PP, PE, PET, and other raw materials used across various end-use industries such as food, pharmaceuticals, beverage, personal care, industrial and automotive, and more. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and are arrived at by top-down and bottom-up approaches.

The Nigerian rigid plastic packaging market is segmented by product type (bottles and jars, trays and containers, caps and closures, intermediate bulk containers (IMCs), Drums, pallets, and other product types), material type (polyethylene (PE) (LDPE, LLDPE and HDPE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS) and expanded polystyrene (EPS), polyvinyl chloride (PVC), and other rigid plastic packaging materials), and by end-use industries (food (candy and confectionary, frozen foods, fresh produce, dairy products, dry foods, meat, poultry and seafood, pet food and other food products), foodservice (quick service restaurants, full service restaurants, coffee and snack outlets, retail establishments, institutional, hospitality, and other foodservice end uses), beverage, healthcare, cosmetics and personal care, industrial, building and construction, automotive, and other end-user industries (household products, and logistics)). The market sizing and forecasts are provided in terms of volume (tons) for all the above segments.