South Africa Plastic Caps and Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

South Africa Plastic Caps and Closures Market Analysis

The South Africa Plastic Caps And Closures Market size is estimated at USD 0.69 billion in 2024, and is expected to reach USD 0.91 billion by 2029, growing at a CAGR of 5.69% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 15.17 billion units in 2024 to 18.79 billion units by 2029, at a CAGR of 4.37% during the forecast period (2024-2029).

The South Africa caps and closures market includes various end-user verticals, including food, beverage, personal care and cosmetics, household chemicals, etc. The demand for caps and closure plastic packaging has grown owing to its distinct advantages, including stiffness, high impact strength, and high barrier qualities.

• The food and beverage sector is pivotal in the nation's caps and closures market. Plastic packaging, known for its durability and ability to prolong shelf life, is gaining traction in end-user industries such as cosmetics and personal care. Caps and closures offer a significant advantage in product preservation for online retailers, who often prioritize extended shelf life.
• According to the United Nations Human Settlements Programme, South Africa, a highly urbanized African nation, currently has 67% of its populace residing in urban regions, which is expected to surge to 80% by 2050. The infrastructural networks significantly shape the urban expansion dynamics nationwide. Notably, the northeastern region, propelled by regional and national development corridors, is experiencing the most pronounced growth rates. This increases the demand for packaged products along with caps and closures.
• According to the Department of Trade, Industry, and Competition, the South Africa plastics market boasts a robust value chain, serving domestic needs and international exports. At the same time, packaging and other sectors lead to plastic consumption. South Africa still imports polyolefin polymers, mainly for specific grades not locally available, to mitigate seasonal shortages and diversify suppliers. Additionally, the nation imports significant quantities of finished and semi-finished plastic products, including those made from polymers it exports.
• Further, according to a study by SA Polymer Technology, the plastics industry significantly bolsters the country's output growth and employment, boasting a multiplier effect of 3.7% for each job created and 3.5% for every Rand invested. Recognized as a priority sector by the government, the South Africa plastics industry is a cornerstone of the nation's economy. In the last few years, it employed approximately 60,000 individuals and transformed over 1.8 million tons of polymer into finished plastic goods.
• The United Nations Industrial Development Organisation (UNIDO) and WWF South Africa are leading a five-year initiative to bolster the adoption of circular plastic packaging and systems in the food and beverage industry. This initiative, currently in the planning stage, is backed by the Global Environment Facility's (GEF) Integrated Programme on Circular Solutions to Plastic Pollution. This initiative is particularly crucial given South Africa's outsized role in plastic pollution within sub-Saharan Africa.

South Africa Plastic Caps and Closures Market Trends

Polyethylene Terephthalate (PET) is Expected to Witness Growth

South Africa Plastic Caps and Closures Industry Segmentation

The scope of the study characterizes the plastic caps and closures market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as Food, Pharmaceuticals, Beverage, Cosmetics and Toiletries and more across the country. 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 arrived at top-down and bottom-up approaches.

South Africa Plastic Caps and Closures Market is Segmented by Resin(Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), and Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.)), Product Type(Threaded, Dispensing, Unthreaded, and Child-Resistant), End-User Industry (Food, Beverage (Bottled Water, Carbonated Soft Drinks, Alcoholic Beverages, Juices & Energy Drinks, and Other Beverages), Personal Care & Cosmetics, Household Chemicals, and Other End-User Industries). The report offers market forecasts and size in volume (Units) and value (USD) for all the above segments.