Nigeria Plastic Packaging Films Market Size (2024 - 2029)

The Nigeria Plastic Packaging Films Market is poised for growth, driven by significant investments in food and packaging technology aimed at modernizing the food industry and reducing food waste. This focus on innovative packaging solutions is expected to enhance the shelf life and freshness of perishable products, thereby increasing demand. However, the market's expansion is challenged by environmental concerns related to plastic pollution, which have led to stricter regulations that could impact production and usage. Despite these challenges, the market's potential growth is supported by Nigeria's commitment to leveraging technology for economic advancement and sustainability.

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Market Size of Nigeria Plastic Packaging Films Industry

Nigeria Plastic Packaging Films Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 4.65 %
Market Concentration High

Major Players

Nigeria Plastic Packaging Films Market 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 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
Food
Candy and Confectionery
Frozen Foods
Fresh Produce
Dairy Products
Dry Foods
Meat, Poultry, and Seafood
Pet Food
Other Food Products (Seasonings and Spices, Spreadables, Sauces, Condiments, etc.)
Healthcare
Personal Care and Home Care
Industrial Packaging
Other End-use Industry Applications (Agricultural, Chemical, etc.)
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Nigeria Plastic Packaging Films Market Size Summary

The Nigeria Plastic Packaging Films Market is poised for growth, driven by significant investments in food and packaging technology aimed at modernizing the food industry and reducing food waste. The country's focus on innovative solutions to preserve the freshness of perishable goods is expected to boost the demand for high-quality plastic packaging films. This demand is further supported by Nigeria's robust plastic manufacturing sector, which ensures a steady supply of primary plastics like polyethylene resins, essential for producing these films. The market landscape is characterized by a few dominant manufacturers who employ strategies such as product launches and collaborations to enhance their market presence and sustainability. Recent initiatives, such as the introduction of new packaging products by UFlex and the establishment of recycling micro-factories, underscore the industry's commitment to innovation and environmental responsibility.

However, the market faces challenges due to Nigeria's significant contribution to plastic pollution, prompting stricter regulations that could impact plastic packaging film production and usage. The government's ban on single-use plastics and initiatives to promote sustainable packaging options may shift consumer preferences towards reusable and recyclable films. Additionally, the rising consumer food price index and the government's efforts to lower food prices could drive demand for packaging films that help preserve food quality and reduce waste. Collaborative efforts, such as the Nigeria Plastic Sustainability Alliance, aim to recover and recycle plastic waste, providing a sustainable source of raw materials for the packaging films market. These developments highlight the dynamic nature of the market, balancing growth opportunities with environmental and regulatory challenges.

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Nigeria Plastic Packaging Films Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products and Services

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast polypropylene (CPP))

      2. 2.1.2 Polyethylene (Low-Density Polyethylene (LDPE), Linear low-density polyethylene (LLDPE))

      3. 2.1.3 Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET))

      4. 2.1.4 Polystyrene

      5. 2.1.5 Bio-Based

      6. 2.1.6 PVC, EVOH, PETG, and Other Film Types

    2. 2.2 By End-user Industry

      1. 2.2.1 Food

        1. 2.2.1.1 Candy and Confectionery

        2. 2.2.1.2 Frozen Foods

        3. 2.2.1.3 Fresh Produce

        4. 2.2.1.4 Dairy Products

        5. 2.2.1.5 Dry Foods

        6. 2.2.1.6 Meat, Poultry, and Seafood

        7. 2.2.1.7 Pet Food

        8. 2.2.1.8 Other Food Products (Seasonings and Spices, Spreadables, Sauces, Condiments, etc.)

      2. 2.2.2 Healthcare

      3. 2.2.3 Personal Care and Home Care

      4. 2.2.4 Industrial Packaging

      5. 2.2.5 Other End-use Industry Applications (Agricultural, Chemical, etc.)

Nigeria Plastic Packaging Films Market Size FAQs

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.

In 2024, the Nigeria Plastic Packaging Films Market size is expected to reach 0.47 million tonnes.

Nigeria Plastic Packaging Films Market Report Snapshots

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