Manikam Michael Nadar
Department of Operations and Quality Management, Durban University of Technology, South Africa.
Manduth Ramchander
Department of Operations and Quality Management, Durban University of Technology, South Africa.
Raveen Rathilall
Department of Operations and Quality Management, Durban University of Technology, South Africa.
Kishan Singh
Department of Operations and Quality Management, Durban University of Technology, South Africa.
In this post, we present a brief overview of our recently published book chapter titled “The Effects of Humane Entrepreneurship on Small, Medium and Micro Enterprises’ Performance”
According to the 2022 South African packaging statistics report, the metal packaging industry recorded a 12.3% increase in volume in 2021, primarily driven by strong demand for beverage cans, staple food cans, and other metal packaging formats. During the same period, the industry’s value increased significantly by 61.7%, largely as a result of sharp rises in raw material costs. However, these cost increases constrained margin growth across both raw material suppliers and converters, as passing these additional costs along the value chain proved challenging.
In 2022, the metal packaging industry experienced a marginal decline in volume of 0.7%, accompanied by a 3.9% increase in value. The contraction in volume was mainly attributed to supply constraints in the drum sector. This decline was partially offset by stable performance in the cans sector, supported by the continued recovery of the food services industry and sustained demand for both alcoholic and non-alcoholic beverages.
The South African packaging market growth trend from 2012 to the estimated figures for 2023 indicates fluctuations influenced by raw material costs, sector-specific supply constraints, and changing consumer demand patterns.
