Africa Flexible Packaging Market 2022 Business Opportunities, Current Trends, Challenges and Forecast 2026

Market Insights Reports has added new statistical data to its repository titled as, Africa Flexible Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Africa Flexible Packaging market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The Africa Flexible Packaging Market is expected to register a CAGR of 5.57% over the forecast period from 2021 - 2026. 

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Top Key Players in the Africa Flexible Packaging Market are Hana Packaging Limited, Sonnex Packaging Nigeria Ltd, Colpak Pty Ltd, PrimePak Industries Nigeria Ltd, Aristocrat Industries Ltd, CTP Flexibles Ltd, Constantia Afripack Flexibles Ltd, Huhtamaki Group, and others.                                       

Industry News and Update:

- February 2020 - Mondi has launched an innovative mobile app for the sack kraft paper market. Constantia Afripack utilizes the app, which extremely useful and a huge help in their everyday work. In particular, Ithe company appreciated the fact that it can quickly determine how substantial the remainder of a paper reel is and calculate how much paper is needed for a specific number of sacks, as well as the potential material savings that can be made.

- April 2019 - Huhtamaki inaugurated its flexible packaging unit in Egypt. The investment ensures the company's entry into manufacturing flexible packaging in the African region. The unit is located in the greater Cairo area and will provide Huhtamaki's flexible packaging solutions to customers in Egypt as well as export its products into other African countries and Europe. The manufacturing unit is built on a land area of approximately 37,000 square meters, with significant space for future expansion.

Key Market Trends:

Pouches are Expected to Hold Significant Share

- Pouch packaging is rapidly gaining popularity, due to its being a highly-convenient and portable packaging solution. Stand-up pouches offer benefits and protect contents from moisture, vapor, odor, pests, air, and light. Consumers' preferences towards aesthetic appeal and convenience of pouches with value-added attributes such as spouts, zippers, or handles are impacting the growth of stand-up pouches. The lighter weight, reduced material use, and lower shipping cost of stand-up pouches than the rigid packaging are benefitting the packaged food producers. With the beverage industry increasingly consuming pouches in the region, the demand from the market is expected to increase.
- According to a recent study published by the Flexible Packaging Association, rigid PET containers have a fossil fuel usage that is 504% greater than that of the flexible stand-up pouch with zipper. The weight of the package is six times heavier. Furthermore, the availability of numerous printing options for pouches helps innovative print designs on the pouch, thus, improving the aesthetic appeal of the product and reflecting the brand. Growing innovation has seen the emergence of flexible foam, papers, and aluminum foils, replacing the current use of plastic as a raw material for the manufacturing of pouches.
- Growing innovation has seen the emergence of flexible foam, papers, and aluminum foils, replacing the current use of plastic as a raw material for the manufacturing of pouches. Further, countries in Africa are making considerable efforts to increase local production, growing investments from Asian and European countries. As a result, the existing foreign players, like Lupin and Dr. Reddy's, are expected to expand their production capabilities. This factor is expected to boost the demand for healthcare packagings, such as blister packs, caps and closures, pouches, and IV bags.

South Africa is Expected to Hold Major Share

- Despite its sophisticated food manufacturing sector and strong consumer market, South Africa is currently facing slow domestic economic growth. Manufacturers are now facing significant challenges in controlling production costs while still meeting consumer demand, which has remained steady. This could see more investment in better packaging to boost efficiencies and help manufacturers manage expenses. South African food manufacturers are also increasingly looking to the export market, meaning they will likely focus more on flexible packaging that supports product consistency and quality to meet global food standards.
- The South African government is prioritizing the sector: food and beverages are the most significant components of South Africa’s manufacturing industry, with the government actively encouraging further development of agriculture and the agro-processing industry. South Africa’s Department of Trade and Industry has, in the last three years funded the food-processing sector to the value of ZAR 736 million in incentives, while its Enterprise Investment Programme (EIP) incentive has disbursed funds of ZAR 636 million and facilitated investments of ZAR 3.7 billion in the sector.

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This Africa Flexible Packaging Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Africa Flexible Packaging market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?              

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– Free Country Level analysis for any 5 countries of your choice.

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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 Africa 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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