Nigeria Rigid Plastic Packaging Market Size
| Study Period | 2022 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2022 - 2022 |
| CAGR (2024 - 2029) | 2.59 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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
- Plastic is a preferred material in the packaging industry due to its manufacturability, flexibility, and sterile characteristics. Polyethylene (PE) is favored for its robust chemical resistance and commendable fatigue and wear resistance, making it suitable for diverse packaging applications. PE is primarily categorized into high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE). These variants commonly produce bottles, jars, and containers across various end-use industries.
- Nigeria's surging demand for bottled water, primarily using PE and PET, stems from a heightened health consciousness and a quest for hygienic drinking water. The presence of global bottled water brands such as Nestle Pure Life, Eva Water, and Aquafina in Nigeria further accelerates this market trend.
- Pharma West Africa highlights the vast potential of Nigeria's pharmaceutical market. With over 70% of the country's medicines being imported, there is a heightened demand for rigid plastic packaging. Consequently, products such as bottles, jars, and containers predominantly made from PE are increasingly dominating Nigeria's pharmaceutical packaging landscape.
- Nigeria's bustling import and export activities are projected to boost the demand for rigid plastic packaging. Data from the National Bureau of Statistics (NBS) reveals a significant uptick in trade values: imports surged from USD 3.50 Billion in Q1 2023 to USD 8.87 Billion by Q4, while exports climbed from USD 4.08 Billion to USD 7.98 Billion in the same timeframe.
Beverage Segment Expected to Dominate the Market
- In Nigeria, the surging consumption of beverages, particularly sweetened non-alcoholic ones such as soft drinks, juices, and energy drinks, propels the demand for rigid plastic packaging solutions. A report on Sugar-Sweetened Beverages (SSB) highlighted Nigeria's global standing, ranking fourth in sweetened beverage consumption, with annual sales nearing 38.6 million liters in 2023.
- This increasing appetite for non-alcoholic drinks is largely driven by Nigeria's burgeoning population and swift urbanization, both amplifying the need for plastic bottle packaging. Nigerian beverage companies are rolling out new flavors and eye-catching bottles to captivate consumers, leading to a notable uptick in plastic bottle sales. For instance, in September 2023, Schweppes, a prominent soft drink brand, unveiled a rebranded PET bottle tailored for the convenience of Nigerian consumers.
- Local manufacturers, such as Bestaf Holdings, produce a diverse range of PET and HDPE bottles for various industries, including beverages. These manufacturers provide customizable solutions and emphasize efficiency and cost-effectiveness, further fueling the country's market growth.
- Nigeria's rising beverage imports, especially from the United States, are amplifying the demand for plastic packaging. Data from the United States Department of Agriculture (USDA) revealed that in 2023, Nigeria's imports included wines and related products worth USD 4.70 Million and distilled spirits at USD 3.05 Million, underscoring the need for innovative plastic packaging solutions in the nation.
Nigeria Rigid Plastic Packaging Industry Overview
The Nigerian rigid plastic packaging market is characterized by consolidation, with key players such as Sacmi Imola S.C., Bestaf Holdings, Panar Group, and Veritas Plastic Limited vying for a larger market share. These companies are actively pursuing growth and diversification through strategies such as new product development, market expansion, and mergers and acquisitions within Nigeria.
- In September 2023, Sacmi Imola S.C., an Italy-based company, inaugurated a new branch, SACMI Nigeria, in Lagos, Nigeria. This move underscores the company's strategy to tap into Nigeria's burgeoning packaging industry demand.
Nigeria Rigid Plastic Packaging Market Leaders
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Bestaf Holdings
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Panar Group
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Veritas Plastic Limited
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Sacmi Imola S.C.
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Savcin Nigeria Limited
*Disclaimer: Major Players sorted in no particular order
Nigeria Rigid Plastic Packaging Market News
- May 2024: Coca-Cola, a United States-based beverage company, unveiled a redesigned Eva Water bottle in Nigeria. The new design, which is lighter and uses less plastic, underscores Coca-Cola's commitment to sustainability. This launch aligns seamlessly with the company's broader sustainability strategy in the Nigerian market.
- December 2023: Nestle, a Swiss food company, reintroduced its Pure Life bottled water made with 50% rPET (recycled polyethylene terephthalate). This initiative underscores Nestlé's dedication to plastic circularity in Nigeria. By transitioning to rPET, Nestlé Nigeria reinforces its commitment to sustainability in Africa and positions itself strategically in the continent's competitive food and beverage sector.
Nigeria Rigid Plastic Packaging 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 Value Chain Analysis
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products and Services
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Growing Food and Foodservice Industry in Nigeria
- 5.1.2 Surging Demand for PE and PET Materials in Rigid Plastic Packaging Production
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5.2 Market Challenge
- 5.2.1 Environmental Concerns Regarding Plastic Packaging
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
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7.1 By Product Type
- 7.1.1 Bottles and Jars
- 7.1.2 Trays and Containers
- 7.1.3 Caps and Closures
- 7.1.4 Intermediate Bulk Containers (IBCs)
- 7.1.5 Drums
- 7.1.6 Pallets
- 7.1.7 Other Product Types
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7.2 By Material
- 7.2.1 Polyethylene (PE)
- 7.2.1.1 LDPE and LLDPE
- 7.2.1.2 HDPE
- 7.2.2 Polyethylene Terephthalate (PET)
- 7.2.3 Polypropylene (PP)
- 7.2.4 Polystyrene (PS) and Expanded polystyrene (EPS
- 7.2.5 Polyvinyl chloride (PVC)
- 7.2.6 Other Rigid Plastic Packaging Materials
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7.3 By End-Use Industries
- 7.3.1 Food**
- 7.3.1.1 Candy and Confectionery
- 7.3.1.2 Frozen Foods
- 7.3.1.3 Fresh Produce
- 7.3.1.4 Dairy Products
- 7.3.1.5 Dry Foods
- 7.3.1.6 Meat, Poultry, And Seafood
- 7.3.1.7 Pet Food
- 7.3.1.8 Other Food Products
- 7.3.2 Foodservice**
- 7.3.2.1 Quick Service Restaurants (QSRs)
- 7.3.2.2 Full-Service Restaurants (FSRs)
- 7.3.2.3 Coffee and Snack Outlets
- 7.3.2.4 Retail Establishments
- 7.3.2.5 Institutional
- 7.3.2.6 Hospitality
- 7.3.2.7 Other Foodservice End-uses
- 7.3.3 Beverage
- 7.3.4 Healthcare
- 7.3.5 Cosmetics and Personal Care
- 7.3.6 Industrial
- 7.3.7 Building and Construction
- 7.3.8 Automotive
- 7.3.9 Other End-Use Industries (Household Products, and Logistics, among Others)
8. COMPETITIVE LANDSCAPE
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8.1 Company Profiles*
- 8.1.1 Bestaf Holdings
- 8.1.2 Shan Packaging Limited
- 8.1.3 Geeta Plastic Products Nigeria Ltd
- 8.1.4 Panar Group
- 8.1.5 Sacmi Imola S.C.
- 8.1.6 Sacvin Nigeria Limited
- 8.1.7 Veritas Plastic Limited
- 8.1.8 Rida National Plastics Ltd
- 8.1.9 Sun Group
- 8.2 Heat Map Analysis
- 8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE**
10. FUTURE OUTLOOK
** Subject To AvailablityNigeria 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.
| By Product Type | Bottles and Jars | |
| Trays and Containers | ||
| Caps and Closures | ||
| Intermediate Bulk Containers (IBCs) | ||
| Drums | ||
| Pallets | ||
| Other Product Types | ||
| By Material | Polyethylene (PE) | LDPE and LLDPE |
| HDPE | ||
| By Material | Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | ||
| Polystyrene (PS) and Expanded polystyrene (EPS | ||
| Polyvinyl chloride (PVC) | ||
| Other Rigid Plastic Packaging Materials | ||
| By End-Use Industries | Food** | Candy and Confectionery |
| Frozen Foods | ||
| Fresh Produce | ||
| Dairy Products | ||
| Dry Foods | ||
| Meat, Poultry, And Seafood | ||
| Pet Food | ||
| Other Food Products | ||
| By End-Use Industries | Foodservice** | Quick Service Restaurants (QSRs) |
| Full-Service Restaurants (FSRs) | ||
| Coffee and Snack Outlets | ||
| Retail Establishments | ||
| Institutional | ||
| Hospitality | ||
| Other Foodservice End-uses | ||
| By End-Use Industries | Beverage | |
| Healthcare | ||
| Cosmetics and Personal Care | ||
| Industrial | ||
| Building and Construction | ||
| Automotive | ||
| Other End-Use Industries (Household Products, and Logistics, among Others) |
Nigeria Rigid Plastic Packaging Market Research FAQs
How big is the Nigeria Rigid Plastic Packaging Market?
The Nigeria Rigid Plastic Packaging Market size is expected to reach 0.33 million metric tons in 2024 and grow at a CAGR of 2.59% to reach 0.37 million metric tons by 2029.
What is the current Nigeria Rigid Plastic Packaging Market size?
In 2024, the Nigeria Rigid Plastic Packaging Market size is expected to reach 0.33 million metric tons.
Who are the key players in Nigeria Rigid Plastic Packaging Market?
Bestaf Holdings, Panar Group, Veritas Plastic Limited, Sacmi Imola S.C. and Savcin Nigeria Limited are the major companies operating in the Nigeria Rigid Plastic Packaging Market.
What years does this Nigeria Rigid Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Nigeria Rigid Plastic Packaging Market size was estimated at 0.32 million metric tons. The report covers the Nigeria Rigid Plastic Packaging Market historical market size for years: 2022 and 2023. The report also forecasts the Nigeria Rigid Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nigeria Rigid Plastic Packaging Industry Report
Statistics for the 2024 Nigeria Rigid Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nigeria Rigid Plastic Packaging 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.
