Nigeria Pouch Packaging Market Size (2024 - 2029)

Nigeria Pouch Packaging Market Analysis

The Nigeria Pouch Packaging Market size is estimated at USD 0.18 billion in 2024, and is expected to reach USD 0.22 billion by 2029, growing at a CAGR of 4.10% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 1.72 billion units in 2024 to 2 billion units by 2029, at a CAGR of 3.06% during the forecast period (2024-2029).

• Nigeria, Africa's largest economy, continues its growth trajectory. Data from the International Monetary Fund (IMF) projects a 3.3% growth for Nigeria's economy in 2024. The nation's expanding agricultural sector bolsters its economy and drives growth in the packaging industry.
• Pouches are a type of flexible packaging crafted from multi-layer plastic laminate films or paper. Their rising popularity among consumers, driven by their convenience and adaptability, especially for single-serve snacks and beverages, is a key factor propelling the market’s growth. Furthermore, ongoing innovations in pouch packaging, spanning shapes, sizes, and designs, drive the market studied.
• Nigeria's burgeoning food industry owes its rise to factors like a swelling population, urbanization, and shifting food consumption patterns. Notably, the surge in employed women, particularly in urban cities such as Lagos and Abuja, amplifies the demand for stand-up pouches and ready-to-eat meals, boosting the market’s growth.
• The pricing of raw materials, notably paper and plastic, faces significant pressures due to their limited supply and heightened demand, directly impacting Nigeria's pouch packaging market. Additionally, the market contends with the volatility of Nigeria's currency exchange rates, further complicating the cost dynamics of importing and exporting raw materials.

Nigeria Pouch Packaging Industry Segmentation

Pouch packaging is a flexible packaging product made from barrier films or paper or foil, depending on the end-user’s requirement. This report analyzes the factors that impact geopolitical developments in the studied market based on the prevalent base scenarios, key themes, and end-user industries-related demand cycles. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the pouch market in terms of drivers and restraints. The estimates exclude the weight and the cost of the content that is or is to be packed inside the pouch packaging solution.

The Nigeria Pouch Packaging Market is Segmented by Material Type ( Paper, Plastic and Aluminum), by Resin Type - Plastic ( Polyethylene, Polypropylene, PET, PVC, EVOH, Other Resins), by Product ( Flat ( Pillow and Side Seal), Stand Up), by End-User Industry (Food (Candy & Confectionery, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry, And Seafood, Pet Food, Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)), Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End-User Industries). The market sizes and forecasts are provided in terms of value (USD) and volume (Units) for all the above segments.