South Africa Flexible Packaging Market Size & Outlook
- Packaging & Packaging Solutions
- Packaging Solutions
- Flexible Packaging Market Outlook
- Packaging Solutions
South Africa Flexible Packaging Market, 2018-2030 (US$M)
Global Market
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South Africa flexible packaging market highlights
- The South Africa flexible packaging market generated a revenue of USD 2,058.0 million in 2023 and is expected to reach USD 2,734.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 2,058.0 million |
| Market revenue in 2030 | USD 2,734.9 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.8% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,382.4 million by 2030.
Rapid urbanization and increased health awareness have increased the consumption of food products, as well as alcoholic and non-alcoholic beverages, which is expected to create the demand for several flexible packaging solutions. Moreover, the rise in local key manufacturing units is expected to boost the flexible packaging market in the country.
For instance, in May 2021, Huhtamaki, a leading manufacturer of sustainable packaging solutions, announced the establishment of a new production operation in KwaZulu-Natal, South Africa, to serve existing and new egg packaging customers with a diverse variety of locally produced packaging solutions.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sonoco Products Co | View profile | 23,000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | www.sonoco.com |
| Huhtamäki Oyj | View profile | 17,868 | Revontulenkuja 1, Espoo, Finland, 02100 | www.huhtamaki.com |
| Amcor PLC | View profile | 41,000 | 83 Tower Road North, Warmley, Bristol, United Kingdom, BS30 8XP | www.amcor.com |
| Berry Global Group Inc | View profile | 44,000 | 101 Oakley Street, Evansville, IN, United States, 47710 | www.berryglobal.com |
| CCL Industries Inc Registered Shs -B- Non Vtg | View profile | 16,100 | 111 Gordon Baker Road, Suite 801, Toronto, ON, Canada, M2H 3R1 | www.cclind.com |
| Mondi PLC | View profile | 21,773 | The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, United Kingdom, KT13 0NY | www.mondigroup.com |
| Constantia Flexibles | View profile | 5001-10000 | Vienna, Wien, Austria, Europe | www.cflex.com |
| Cosmo Films | View profile | 10001+ | New Delhi, Delhi, India, Asia | www.cosmofilms.com/ |
| DS Smith PLC | View profile | 29,672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | www.dssmith.com |
| Transcontinental Inc Shs -A- Voting Subord. | View profile | 8,131 | 1 Place Ville Marie, Suite 3240, Affaires Juridiques,, A/s Caroline Hamel, Montreal, QC, Canada, H3B 0G1 | tctranscontinental.com |
South Africa Flexible Packaging Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Flexible Packaging Market Outlook will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 73.18% in 2023.
Horizon Databook has segmented the South Africa flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid urbanization and increased health awareness have increased the consumption of food products, as well as alcoholic and non-alcoholic beverages, which is expected to create the demand for several flexible packaging solutions. Moreover, the rise in local key manufacturing units is expected to boost the flexible packaging market in the country.
For instance, in May 2021, Huhtamaki, a leading manufacturer of sustainable packaging solutions, announced the establishment of a new production operation in KwaZulu-Natal, South Africa, to serve existing and new egg packaging customers with a diverse variety of locally produced packaging solutions.
- South Africa Flexible Packaging Market Raw Material Outlook (Revenue, USD Million , 2018-2030)
- Plastics
- Paper & Paperboard
- Metal
- Bioplastics
- South Africa Flexible Packaging Market Product Outlook (Revenue, USD Million , 2018-2030)
- Pouches
- Rollstock
- Bags
- Films & Wraps
- Others
- South Africa Flexible Packaging Market Application Outlook (Revenue, USD Million , 2018-2030)
- Food & beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa Flexible Packaging Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Flexible Packaging Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Flexible Packaging Market, 2018-2030 (US$M)
South Africa flexible packaging market statistics, by raw material, 2018-2030 (US$M)
