Africa's packaging market to hit $58.46bn by 2031, investment shifts to recycling and infrastructure

Packaging Gateway··EGNG·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Africa's packaging market is forecast to reach $58.46bn by 2031, but the investment opportunity increasingly extends beyond production capacity into recycling, regional manufacturing and packaging infrastructure. The market was estimated at $47.14bn in 2026, with plastic packaging accounting for 48.19% of revenue in 2025 and flexible packaging growing faster than the overall market. Recent deals include ALPLA's full acquisition of its Egyptian joint venture with Taba in January 2025, and a planned food-grade recycled PET facility in Lagos by Indorama Ventures, Nigerian Breweries and Genesis Energy, targeting 45,000 tonnes of annual capacity by 2027. Recycling infrastructure is a key focus, with Kenya's 2024 extended producer responsibility regulations and World Bank research showing only $14bn of $198bn in tracked circular-economy investment reached low- and middle-income countries. Regional manufacturing is also emerging, supported by Afreximbank's $450m credit facility with ARISE Integrated Industrial Platforms for industrial parks across several African countries, though infrastructure reliability remains a critical factor in investment decisions.

Impact on assets 2

Energy▲
Genesis Energy LP
GEL
▲ PositiveCapitalrelevance

Genesis Energy is part of the planned food-grade recycled PET facility in Lagos targeting 45,000 tonnes annual capacity by 2027.

Critical Materials & Supply Chain▲
Indorama Ventures PCL
IVL
▲ PositiveCapitalrelevance

Indorama Ventures is a partner in the planned food-grade recycled PET facility in Lagos, expanding its African recycling investment.

Off-coverage companies 5

ARISE Integrated Industrial Platformsi
Private▲ PositiveCapitalrelevance

Afreximbank's $450m credit facility with ARISE Integrated Industrial Platforms will finance industrial parks across several African countries, expanding its packaging/manufacturing infrastructure.

Nigerian Breweriesi
Private▲ PositiveCapitalrelevance

Nigerian Breweries is part of the planned food-grade recycled PET facility in Lagos, advancing its packaging recycling infrastructure.

ALPLAi
Private▲ PositiveCapitalrelevance

ALPLA completed the full acquisition of its Egyptian joint venture with Taba in January 2025.

Taba Groupi
Private± MixedCapitalrelevance

Taba is mentioned only as ALPLA's former Egyptian joint-venture partner in the acquisition.

Afreximbanki
Private± Mixedrelevance