Nigeria Packaging Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2026

The Nigeria Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Nigeria Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Nigeria Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Nigeria Packaging market.

The Nigerian Packaging Industry is expected to grow at a CAGR of approximately 8% during the forecast period (2021 - 2026).

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Top Leading Companies of Nigeria Packaging Market are - Avon Crowncaps & Containers Nigeria Limited, Greif Inc., Beta Glass, Twinstar Industries Ltd., PrimePak Industries Nigeria Ltd., Sonnex Packaging And Plastic Industries Limited and others.

Industry News and Updates:

- January 2020 - AR Packaging acquired RLC Packaging Group, including indirectly a significant share in BSC Drukarnia Opakowa S.A., and Nampak Cartons Nigeria Limited. Through these acquisitions, AR Packaging continues its growth development in line with the strategic plan to expand in selected segments and geographies. The acquisition of the Nigerian operation is an important first step to establish a footprint in the African market, and the Group now has the capability to serve its multinational customers from three continents.

Key Market Trends:

Growing E-commerce Industry is Expected to Provide Growth Opportunities

- Nigeria is witnessing a boom in the e-commerce industry owing to the growing urbanization and consumer spending, and the emergence of several startups in the region. The growing e-commerce industry in the country is expected to proliferate the demand for packaging solutions in the country, such as plastic packaging, carton boxes, corrugated packaging, and many more.
- Moreover, due to the Covid-19 pandemic, consumers are increasingly resorting to e-commerce for the purchase of essential daily items, such as groceries and medicines. These trends are expected to boost the demand for packaging solutions in the country. For instance, the e-commerce platform, Jumia, partnered with the manufacturer of essential goods, RB, to help consumers access hygienic products at the lowest price. Such initiatives are expected to boost the demand for sustainable packaging solutions in the country.

By Type:

Bottles
Bags & Pouches
Corrugated Boxes
Metal Cans
Other

By Application:

Beverage
Food
Pharmaceutical and Healthcare
Cosmetics and Toiletries & Household Chemicals
Other 

Plastic Packaging Expected to Gain Maximum Traction

- Plastic packaging is considered as one of the most prominently used packaging solution in the country owing to the several benefits it provides, such as rigidity, aesthetic value while maintaining the hygiene of the product stored. Many brand owners are employing recycled plastic packaging to reduce the environmental impact of packaging. Bioplastics are a popular choice for various brand owners.
- The increasing production of plastic in the country is expected to provide several growth opportunities for the plastic packaging solution providers in the country. For instance, according to euromap.org, the production volume of plastic in Nigeria reached around 411,000 tons in 2015 and is expected to reach approximately 513,000 tons of plastic by 2020. Also, the consumption of plastic in Nigeria increased from approximately one million tons in 2015, to 1.5 million tons of plastic by 2020.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Nigeria Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Nigeria Packaging Market (%),2016 - 2026
- Nigeria Packaging Market Share, By Brand
- Nigeria Packaging Market Share, By Company
- Nigeria Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Nigeria Packaging Market Value Analysis & Forecast
- Promising Nigeria Packaging Development by Major Companies
- Detailed Nigeria Packaging Portfolio of the Major Companies
- Major Deals in the Nigeria Packaging Market
- Major Companies Analysis

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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