South Africa Food Wrap Market Size & Outlook, 2024-2030
South Africa food wrap market, 2018-2030 (US$M)
Related Markets
South Africa food wrap market highlights
- The South Africa food wrap market generated a revenue of USD 30.0 million in 2023 and is expected to reach USD 45.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
Food wrap market data book summary
| Market revenue in 2023 | USD 30.0 million |
| Market revenue in 2030 | USD 45.9 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global food wrap 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 food wrap 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 119.3 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa food wrap 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 food wrap market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 56% in 2024. Horizon Databook has segmented the South Africa food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa's growing urban population and changing lifestyles are contributing significantly to the increased demand for food wrap in the country. As more people move to cities and adopt busier lifestyles, there is a rising need for convenient food packaging solutions.
Food wraps, including plastic wraps, aluminum foils, and wax papers, are becoming essential for storing leftovers, packing lunches, and preserving fresh produce. For example, working professionals in cities such as Johannesburg and Cape Town are increasingly relying on packed lunches, driving up the demand for food wraps.
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Target buyers of South Africa food wrap market databook
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Our clientele includes a mix of food wrap market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa food wrap market , including forecasts for subscribers. This country databook contains high-level insights into South Africa food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa food wrap market size, by material, 2018-2030 (US$M)
South Africa Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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