Plastic and chemical industries

Your business could tap into a market worth about R84 million in the Plastic and chemical industries in the Free State province. This market size is significant, but it's not growing, with zero year-over-year growth, which might indicate a challenging environment. What's more, the market is extremely concentrated, with only one supplier currently serving one department, making it a tough space to enter. The lack of competition could be a double-edged sword, as it might indicate a favourable position for the existing supplier, but also a potential opportunity for a new entrant to disrupt the status quo. If I were you, I'd carefully analyse the needs of the single department involved and try to establish a relationship with them to explore potential opportunities.