ReportsnReports add new market research reports to its vast database. The South African packaging industry recorded significant growth during the review period due to an increase in consumer expenditure on food and a rising demand from end-user markets like food and beverages, pharmaceuticals and personal care products. During the review period, the industry posted a CAGR 6.05% to reach a market value of US$6.6 billion in 2011. Of the end-user markets, the food and beverages market is expected to generate the most business for the industry. In addition, the rising demand for pharmaceuticals and personal care products is also aiding packaging industry growth. Other factors that will affect the South African packaging industry over the forecast period are the population’s changing lifestyles, cheaper imports due to low excise duty, technological advancements, recycling trends, and a structural shift from plastics to glass. Over the forecast period, the South African packaging industry is expected to grow at a CAGR of 6.62% to reach a market value of US$9 billion in 2016.
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