Key Market Indicators
The South African plastic packaging industry is forecast to grow over the next five years. Imports are set to reach around $229 million by 2026, up from $201 million in 2021, with a compound annual growth rate of 2.3%. Since 2005, demand has increased at a rate of 6.4% year on year. South Africa ranked 44th in 2021, with Finland coming in ahead with $201 million. Germany, France and Mexico followed in second, third and fourth place respectively. Exports are expected to reach $252 million by 2026, up from $222 million in 2021, with a compound annual growth rate of 2.2%. Since 2005, supply has increased by 6.6% year on year. Russia topped the ranking in 2021 with $222 million, and South Africa placed 37th. The United States, Germany and France followed in second, third and fourth place respectively.
