GHANA PLASTIC PACKAGING MARKET

Ghana plastic packaging market is estimated to grow at healthy CAGR of 8% during the forecast period till 2032, due to rising population alongside a higher demand for food and other packaged goods.

Major Market Drivers and Emerging Trends

Ghana plastic packaging market size growth is largely driven by rapid urbanization and population growth in the country. Around twenty million people in Ghana now live in urban areas which accounts for about 58% from the total population. Modern lifestyles coupled with rising incomes will lead people to buy more packaged items. The growing youth populations are also contributing to higher interest in carbonated beverages or functional drinks which create a surge in the need for plastic packaging.

As the urban population grows and more women join the workforce, there have been a noticeable shift in the eating habits. With parents working away from home and children in distant schools, fewer individuals particularly in urban regions are consuming home-cooked meals which leads to more food being bought from street vendors. This has led to a significant rise in the fast food industry where food stalls are now present near offices or commercial hubs and throughout the streets of major cities. Accra has experienced a notable increase in the number of street food vendors and restaurants in recent years. Therefore, packaging has gained attention because the right materials for foods help to improve their shelf life and support their nutritional integrity.

Additionally, Ghana also continues to be a key food importer with agricultural imports in 2022 totaling around USD 2.6 billion which contributes to the plastic packaging market growth. Even though price sensitivity is common among consumers in Ghana, quality is still a priority with the expanding middle class increasingly appreciating premium products. As the local food processing industry in Ghana offers a limited product selection, the need for imported consumer goods including food and beverages remains high which leads to further growth in the plastic packaging industry.

The other factor supporting market growth is the rise in ecommerce platforms fostered by extensive mobile data availability. Around 15 million active internet users in Ghana are engaging in online shopping every day with prominent domestic ecommerce platforms such as Plendify and Jiji leading the way. As online shopping continues to grow the need for plastic packaging will increase to protect products during delivery and improve the consumer unboxing experience.

Based on material, Polyethylene is among the most common packaging types. It comes in two forms which are LDPE and HDPE. LDPE is versatile and used for products such as shopping bags along with packaging for frozen goods or fresh produce like poultry and meat. PE is the leading material for food contact in multilayer plastic packaging with demand likely to continue growing considerably mainly due to its affordability in comparison to other plastics. PET is also the most widely used material and its adoption is increasing to replace glass packaging such as soft drinks or bottled water. Its full recyclability is expected to drive further demand.

Based on product, companies in Ghana utilize flexible and rigid packaging materials for their products. For instance, many food products are packed in flexible materials such as plastic film. Transparent plastic shaped into bags is growing an importance for packaging various foods. Meanwhile, rigid packaging is also used extensively including bottles and jars. While jute and woven plastic bags are commonly used for packaging in large quantities for items like gari and smoked fish.

Based on application, the market can be segmented into food & beverages, industrial packaging, among others. Plastic packaging for food and beverages is especially crucial as it ensures safe transport and prevents contamination or spoilage. It can also protect the product from damage or deterioration. Recent innovations in food technology and marketing have expanded the expectations placed on plastic packaging. Packaging should clearly present the product along with an outline of its quantity and quality. It should also provide guidance for use and influence consumers to make a purchase.

Top Market Players

Various major players in the market are Indorama Ventures, Qualiplast Limited, Polytex Ghana, Sintex, Finepack Industries, among others.

Key Developments

• • In 2023, Sprite in Ghana shifted from its classic green packaging to clear PET plastic bottles. The shift to clear PET aids economic empowerment in Ghana by offering waste aggregators more value for the plastic waste they collect and sell.
  • In 2023, ePac Flexible Packaging opened a premium facility situated on Spintex Road, Accra. The new facility in Ghana signifies a major achievement in its global expansion efforts.

Segments covered in the Report:

The Ghana Plastic Packaging Market has been segmented on the basis of Material, Product, and Application. Based on the Material, the market is segmented into Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene, Expanded Polystyrene, Polyvinyl Chloride, Bio-based Plastics, and Others. Based on the Product, the market is segmented into Rigid and Flexible. The Rigid segment is further segmented into Bottles & Jars, Cans, Trays & Containers, Caps & Closures, and Others. The Flexible segment is further segmented into Wraps & Films, Bags, Pouches, and Others. Based on the Application, the market is segmented into Food & Beverages, Industrial Packaging, Pharmaceuticals, Personal & Household Care, and Others.

Market Segmentation

Ghana Plastic Packaging Market by Material

• • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Polystyrene
  • Expanded Polystyrene
  • Polyvinyl Chloride
  • Bio-based plastics
  • Others

Ghana Plastic Packaging Market by Product

• • Rigid
    • Bottles & Jars
    • Cans
    • Trays & Containers
    • Caps & Closures
    • Others
  • Flexible
    • Wraps & Films
    • Bags
    • Pouches
    • Others

Ghana Plastic Packaging Market by Application

• • Food & Beverages
  • Industrial Packaging
  • Pharmaceuticals
  • Personal & Household Care
  • Others

Ghana Plastic Packaging Market Leading players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Indorama Ventures
  • Qualiplast Limited
  • Polytex Ghana
  • Sintex
  • Finepack Industries