Packaging Market in South Africa 2015-2019
Packaging plays a very significant role in transportation, warehousing, logistics, sales, and end use of products. Apart from providing convenience to customers, packaging also plays a major role in attracting customers to purchase the product. Vendors in the market produce packaging materials using sustainable raw materials. These include paper, plastic, metal, glass, and flexible materials.
Technavio's analysts forecast the packaging market in South Africa to grow at a CAGR of 6.68% percent over the period 2014-2019.
Covered in this Report
The packaging market in South Africa can be segmented into two divisions: By category and by end-users.
Technavio's report, the packaging market in South Africa 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the packaging market landscape in South Africa and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Packaging Market in South Africa 2015-2019
Technavio recognizes the following companies as the key players in Packaging Market in South Africa 2015-2019: Greif, Mondi, Nampak and Tetra Pak
Other Prominent Vendors in the market are: Active Packaging, Afripack, Astrapak, Bitrad Consulting, Bowler-Metcalf, Consol, HullPack Sachets, LC Packaging, Mpact and Polyoak Packaging Group
Commenting on the report, an analyst from Technavio’s team said: “Sustainability is one of the major movements being pursued in the packaging industry, and consumers expect packaging materials to be environmentally friendly and sustainable. Vendors are investing in R&D to develop packaging materials that can be recycled but have the traditional capability to resist heat, moisture, and friction. South Africa’s recycling sector employs over 100,000 people.”
According to the report, organized retail in South Africa is growing at a steady pace because of the economic growth, rising disposable income, falling unemployment, increasing urbanization, and emerging of the middle class. Supermarkets dominate the retail scene in South Africa. Therefore, there is an increase in the demand for packaged products, particularly in the food and beverage sector. The market has also experienced a surge in demand for secondary packaging during the transit of goods because of an increase in online shopping.
Further, the report states that an increase in the prices of raw materials is a major challenge hindering the growth of the market.
Greif, Mondi, Nampak, Tetra Pak, Active Packaging, Afripack, Astrapak, Bitrad Consulting, Bowler-Metcalf, Consol, HullPack Sachets, LC Packaging, Mpact, Polyoak Packaging Group