Market Info
TANZANIA- THE SHINING STAR AMONG THE GROWTH ECONOMIES IN AFRICA;
Africa presents a powerhouse of consumer and industrial growth with the world’s youngest population. 53 % of the population is in the age group of 16-34, guaranteeing a long-term market and as estimated by McKinsey, a $400 billion opportunity in the next 10 years. By 2025, nearly 303 million African households will have discretionary income, 90 million consumers will be added to the market in a decade’s time
Tanzania’s GDP
Tanzania’s GDP has been growing at an average of 7% per annum for the last ten years, courtesy to the proactive economic reforms and sound economic policies.
GEAR UP to access new markets with 450 million people with Free Trade Agreement!
Why Africa ?
Africa stands out in its sheer size and diversity of the market across 54 countries with an average annual growth close to 5 per cent. For investors, business owners – local and foreign – the rapid population growth in Africa is poised to be a significant driver for consumer growth. From its current population of 1.2 billion, Africa is expected to become the most densely populated continent in two decades, surpassing the population of China and India. This presents a big bonanza for consumer-facing industries, which includes paper industry across its different verticals, stretching from tissue papers on the hygiene front to packaging to corrugated paperboards, among others.
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AFRICA IS
THE FUTURE
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Tanzania has an ambitious industrialization plan to transform into a middle-income economy by 2030. The Government of Tanzania (GoT) is focusing on developing local industries and investing in large infrastructure, energy, and agricultural sector development, which present opportunities for those who are interested to explore this market.
East Africa
The economic reforms East African Community (EAC) countries with focus on encouraging the private sector has positively impacted on the business and investment climate, in turn aiding paper industry growth. Privatization programmes had been rolled out in many of the EAC countries, particularly in the six critical countries of Kenya, Rwanda, Tanzania, Uganda, Burundi and Ethiopia. Over the past decade East Africa is the fastest growing region in Africa, and the Continent’s most dynamic trade blocks. Kenya has a robust presence in the paper industry of Africa with a bevy of top-tier companies with manufacturing expertise spanning from tissue papers, paper recyclers, and pulp products to packaging products.
TOP 10 FDI Destination in AFRICA
POSITIVE BUSINESS CLIMATE WITH LOW IMPORT DUTIES
PLASTICS FREE MARKETS: The ban on plastic bags has boosted the demand for paper bags in supermarkets and grocery stores in almost every region. A rise in disposable income coupled with a high standard of living is escalating the use of paper for packaging, hygiene tissues, paper chemicals to name a few. The demand has also fuelled a rise in the use of paper for printing and writing applications.
Packaging of paper requires rigid and flexible packaging. Increasing the use of paper in food packaging items, including paper plates, cups and trays, is driving the growth of the demand for paper chemicals too. Packaging protects the product from abrasion and complies with strict safety, technological and hygienic criteria. The increase in demand for flexible paper packaging, due to an increasing awareness of the harmful effects of plastics on the environment, leads to the growth of the market for Paper in Tanzania.
Team ProPaper adds more power to you
PROPAPER TANZANIA 2024
Given the importance of this low tax markets, VERIFAIR is happy to announce the launch of Propaper Tanzania 2024 scheduled from 7th to 9th of Nov 2024 at Diamond Jubilee Hall Dar Es Salaam, Tanzania. This three day show will invite participation from the key players of Paper mills, Hygiene tissue, Paper chemicals, machinery, pulp from countries like China, India, Bangladesh, Egypt, Germany and MEA region as well.