The Nigerian packaging industry (“the Industry”) is a crucial enabler for sectors such as food and beverages, pharmaceuticals, agriculture, and e-commerce, driven by rapid urbanisation and a youthful population exceeding 220 million, with over 60% under the age of 25. This demographic trend has catalysed demand for diverse packaging solutions, ranging from affordable single-use sachets catering to low-income consumers to durable, export-grade rigid packaging supporting international trade. Valued at approximately ₦560 billion in 2023, the Industry saw substantial growth to ₦1.32 trillion in 2024, partly due to the Central Bank of Nigeria’s (CBN) exchange rate liberalisation in June 2023, which led to a 56.37% depreciation of the naira between 2023 and 2024. The market is forecasted to reach ₦1.43 trillion in 2025 and grow at a compound annual growth rate of 2.96%, reaching ₦1.65 trillion by 2030.
The Industry is segmented into plastic, paper & paperboard, metal, and glass packaging, with plastic packaging being the most dominant due to its versatility and cost effectiveness. Paper packaging is the second-largest segment, supported by expanding e-commerce and retail sectors, followed by metal and glass segments. Notable industry shifts include widespread sachetisation and growing adoption of recycling and eco-friendly materials, driven by global sustainability trends and local regulatory initiatives. Overall, the demand outlook remains positive, underpinned by demographic growth, lifestyle changes toward e-commerce, and increasing formalisation of retail and distribution networks across Nigeria. The Industry’s challenges include import dependence, infrastructure deficits, and environmental pressures, but long-term growth is supported by innovation and regulatory advances.
The 2025 Nigerian Packaging Industry report captures the following:
The following audience has been taken into consideration in the preparation of the report:
