Market Share of Egypt Flexible Packaging Industry
The Egyptian flexible packaging market is consolidated and has a few major players with significant market shares. Some participants, such as Mondi Plc, Huhtamaki Group, etc., benefit from the enhanced market reputation and broader regional presence. The market players are concentrating on growing their customer base throughout the end-user sectors. The market witnessed firms collaborate to implement a circular economy model of recycling plastics.
- April 2022: The paper bag conversion lines were acquired by Mondi Paper Bags, a division of the Mondi Group, from National Bag and Egypt Sack, two divisions of Lafarge Cement Egypt, a significant cement manufacturer in the nation. The new manufacturing lines will help Mondi enhance its position in the Egyptian paper bag market and expand its capacity by around 150-180 million bags yearly.
- February 2022: Coveris, an Austria-based flexible packaging specializing in eco-friendly packaging, unveiled a thin stretch film line with 30% recycled content. According to the manufacturer, these recycled stretch films are now available in the thinnest thickness. Both hand and pre-stretch versions are being made available. In addition to being recyclable, the business claimed that the films offer the same packaging and transportation economies as virgin materials.
Egypt Flexible Packaging Market Leaders
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Huhtamaki Egypt Flexible Packaging
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SofiPack S.A.E (Sochema Group)
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International Printing & Packaging Materials Co.
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Coveris Flexibles Egypt Ltd.
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Mondi Plc
*Disclaimer: Major Players sorted in no particular order
