Market Size of South Africa Plastic Bottles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 54.93 Million |
| Market Size (2029) | USD 71.93 Million |
| CAGR (2024 - 2029) | 5.54 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Plastic Bottles Market Analysis
The South Africa Plastic Bottles Market size is estimated at USD 54.93 million in 2024, and is expected to reach USD 71.93 million by 2029, growing at a CAGR of 5.54% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 56.59 thousand tonnes in 2024 to 72.58 thousand tonnes by 2029, at a CAGR of 5.10% during the forecast period (2024-2029).
- South Africa is an emerging middle-income market home to around 61 million people. In 2023, the nation's GDP reached USD 406 billion. Urbanization, coupled with a heightened emphasis on health and wellness, has led South Africans to increasingly consume a diverse array of products, especially food and beverages, both alcoholic and non-alcoholic. This surge in consumption has, in turn, amplified the demand for various packaging solutions, with plastic bottles taking center stage.
- Data from the US Department of Agriculture (USDA) highlighted South Africa's vibrant retail sector, which serves as a crucial conduit for food and beverage sales to neighboring nations. The country's packaging industry has consistently expanded, driven by the burgeoning e-commerce landscape, the rise of online retail platforms, a broader array of non-alcoholic beverage flavors like soft drinks and juices, and an escalating appetite for plant-based and halal products.
- Local manufacturers, such as Mpact Group, boast a diverse portfolio of plastic bottles crafted from PET, PP, and PE, catering to pharmaceutical, food, beverage, home care, and industrial applications. These manufacturers prioritize innovation while adhering strictly to sustainable bottle designs, significantly driving product demand.
- The South African market grapples with challenges. The fluctuating costs of plastic polymers, driven by a global surge in crude oil prices and an imbalance between supply and demand, put a strain on production costs. This volatility in plastic pricing poses hurdles for manufacturers, potentially stunting market growth.
