GHANA POLYETHYLENE TEREPHTHALATE (PET) MARKET

Ghana Polyethylene Terephthalate (PET) market is expected to see rapid CAGR of 8.2% during the forecast years from 2025-2032, driven by the growing demand for bottled drinking water along with increasing consumer spending.

Major Market Drivers and Emerging Trends

Urbanization and shifts in lifestyle are contributing to the growing use of PET packaging solution in consumer goods sector in Ghana. The middle class in Ghana is anticipated to grow with consumer spending is expected to keep rising until 2030. The population grows by 1.9% annually and the consumer base is increasingly focused on key cities and their surrounding suburbs. The urban population has grown faster than in the rural areas with over half of the population living in cities instead of rural regions. This changing trend is contributing to the growing demand for consumer products which in turn drives the PET market. PET resins are commonly utilized in manufacturing bottles and packaging films for beverages or personal care products.

The rapid population growth in the country has surpassed efforts to expand access to clean water. This leads the private sector to play a crucial role in providing bottled drinking water in ensuring secure clean water access for households. Drinking water in plastic bottles and sachets has experienced a substantial increase in consumption across the country. Sachet water usually comes in 500 mL PET plastic bags which are sealed at both ends and has become a rapidly growing source for drinking water in the country. Often called pure water, these sachets are favored for their low cost and convenience. There is also a wide public perception that they are superior to tap water in quality.

Even though it is widely consumed, plastic use can result in environmental concerns. As a result, industries including food and cosmetics in Ghana are seeing a rise in demand for recyclable packaging which is fueling the Ghana Polyethylene Terephthalate (PET) market size growth as it is entirely recyclable. Recognizing the significance of PET in packaging and automotive sectors, the government has implemented policies to foster market growth. These measures involve implementing regulations to ensure the quality and recyclability of PET resin while also ensuring compliance with safety along with environmental guidelines. By facilitating collaborations between PET manufacturers and end users, the government strives to enhance innovation along with sustainability in Ghana’s plastic sector.

Based on type, the market can be divided into recycled and virgin plastics. The underdeveloped gas and oil processing sector in Ghana means that plastics are primarily imported from Europe and Asia in the form of virgin pellets or end products. Ghana’s growing domestic plastics sector relies heavily on virgin pellets imported to the country. However, utilizing recycled PET bottles in Ghana would contribute to conserving natural resources since producing virgin plastic demands substantial energy and various resources. PET bottle recycling would thereby allow the country to decrease its reliance on imported materials and encourage the more effective utilization of local resources.

By application, packaging dominates the market. PET is a synthetic polymer employed in producing bottles and other containers. PET bottles in Ghana are predominantly used for water and other beverages accounting for 82% while the rest are used for sanitary products along with consumer goods. These containers are mainly imported and sold within the country rather than being packaged locally. PET serves industries beyond food and beverage as it also supports cosmetics and personal care products where it is employed for packaging. The growing need for lightweight and transparent packaging solutions is further driving market growth.

Top Market Players

Various notable companies in the country are Platinum Plastics, Sintex Ghana, Polytex Industries, Nizza Plastics, among others.

Key Developments

• • In 2024, a prominent West African non-alcoholic beverage manufacturer Twellium Industrial Company formed a collaboration with Sidel to set up a modern packaging facility in Ghana. The new plant will be equipped with two full PET packaging production lines for carbonated and still drinks which will mark an important step in its regional expansion.
  • In 2022 Mohinani Group commissioned two PET bottle recycling lines for installation at its new facilities in Ghana and Nigeria. This will mark first bottle recycling facility in Ghana which provides food-grade rPET for manufacturing new bottles.

Segments covered in the Report:

Ghana Polyethylene Terephthalate (PET) Market has been segmented on the basis of Type and Application. Based on the Type, the market is segmented into Virgin and Recycled. Based on the Application, the market is segmented into Packaging, Automotive, Construction, Medical, and Others.

Market Segmentation

Ghana Polyethylene Terephthalate (PET) Market by Type

• • Virgin
  • Recycled

Ghana Polyethylene Terephthalate (PET) Market by Application

• • Packaging
  • Automotive
  • Construction
  • Medical
  • Others

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

• • Platinum Plastics
  • Sintex Ghana
  • Polytex Industries
  • Nizza Plastics