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BRACING THROUGH THE COVID TIMES & AHEAD

Africa's plastic industry is reporting high growth rates as demand for plastic goods and machinery in Africa registers a steady growth. Imports of plastics into Africa has grown between 23% to 41% over the last 5 years. It is one of the fastest growing markets for plastic goods and machinery in the world. Africa accounts for a large share of the global packaging sector's growth rate of about 4%. Growth in Africa's packaging sector is tipped to explode over the coming years and one should capitalize on the potential for consumer-led growth. Efforts to augment economic growth will positively contribute to growing the Paper & Printing sector in Africa. In 2019, there was an increase of 15% in imports related to Paper & Printing technology in Africa. Currently, the imports in this sector are approximately worth USD 1 Billion.

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