Technavio Says Growth of Organized Retail Will Stimulate the Packaging Market in South Africa through 2019
By Business Wire News
LONDON
The packaging market in South Africa is expected to grow at a CAGR of nearly 7% from 2015-2019, according to new industry analysis from research firm Technavio.
About the Report
Organized retail in South Africa is growing at a steady pace because of overall economic growth, rising disposable income, falling unemployment, increasing urbanization and the emergence of a strong middle class.
“There has been a marked increase in demand for packaged products, particularly in the food and beverage sector in South Africa, which is good news for the packing market,” says Faisal Ghaus, Vice President of Technavio.
“The market has experienced a surge in demand for secondary packaging during transit of goods because of an increase in online shopping.”
The new market research report by Technavio also emphasizes the growing importance of sustainable packaging. 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,” says Ghaus.
Market Scope and Calculation of Market Size
This report covers the present and future scenarios of the packaging market in South Africa from 2015-2019. To calculate market size, it takes into consideration revenue generated by leading packaging vendors in South Africa.
Key Information Covered in the Report:
- Key Vendors:
- Greif Inc.
- Mondi plc
- Nampak Ltd.
- Tetra Pak International SA
- Market Growth Drivers:
- Growth of Organized Retail in South Africa
- For a full detailed list, view our report.
- Market Challenges:
- Increase in Raw Material Costs
- For a full detailed list, view our report.
- Market Trends:
- Growing Importance of Sustainable Packaging
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the packaging market:
If you are interested in more information, please contact our media team at media@technavio.com.
Technavio Research
Jes Ellacott
US: +1-630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
