Egypt Flexible Packaging Market Size (2024 - 2029)

The Egyptian flexible packaging market is poised for growth, driven by increasing consumer demand and the expanding packaging sector. The market's expansion is supported by the rising popularity of flexible packaging due to its convenience, environmental benefits, and ability to enhance product differentiation for consumer-packaged goods companies. Despite challenges such as the environmental impact of single-use plastics and the effects of the COVID-19 pandemic on small and medium enterprises, the market is expected to benefit from population growth, the establishment of new retail outlets, and a shift towards sustainable packaging solutions. The geopolitical situation, including the Russia-Ukraine war, has had a minimal impact on Egypt's flexible packaging market dynamics.

Market Size of Egypt Flexible Packaging Industry

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Egypt Flexible Packaging Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.82 %
Market Concentration High

Major Players

Egypt Flexible Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Egypt Flexible Packaging Market Analysis

The Egyptian flexible packaging market is anticipated to register a CAGR of 4.82% over the forecast period. The market for flexible packaging in Egypt is expected to grow over the anticipated period, driven by increased consumer demand and rising consumption from the packaging sector. The Russia-Ukraine war has slightly impacted Egypt's overall ecosystem of the flexible packaging market.

  • Flexible packaging is gaining popularity as the future of packaging due to its convenient shape, ease of use, resealable properties, lightweight, and overall environmental impact compared to rigid counterparts.
  • A rising number of consumer-packaged goods (CPG) companies find that using flexible packaging helps differentiate their product from the competition, resulting in increased consumer interest and, ultimately, purchases. A bonus is that brands that adopt flexibility into their line-ups find these products easier to store, display, ship, and handle.
  • Brands are aggressively focused on implementing Flexible Packaging Solutions across their product line to demonstrate their strong commitment to keeping the earth greener since sustainability is quickly becoming the most crucial trend in packaging. Recycled packaging choices are favored by businesses and customers concerned about the environment due to limitations, tight compliance requirements, and other sorts of bans being implemented globally.
  • Egypt is witnessing positive volume sales growth across packaged food as population growth continues to underpin rising sales across the country. All these factors are collectively expected to drive the consumption of consumer products that require flexible packaging products for packaging. Furthermore, expanding new retail stores and outlets is estimated to augment the demand for flexible plastic products in the next few years.
  • However, the growing awareness of the environmental impact of single-use plastic and unsustainable business plastic solutions has increased demand for environmentally friendly products. The initiative by Egypt's local government has raised awareness about alternatives to single-use plastic packaging that significantly impacted plastic packaging consumption.
  • The COVID-19 outbreak significantly impacted Egypt's SMEs that produce flexible packaging. The effects of COVID-19 on SMEs resulted in both operational and financial issues. Additionally, there was a noticeable disturbance in the supply chain regarding output. Financially, they have little cash on hand, but instead of applying for a loan to pay their bills, they temporarily choose to cut back on production.
  • Further, the Russia-Ukraine war slightly affected the country's packaging since it does not rely much on Russia or Ukraine to trade flexible packaging products.

Egypt Flexible Packaging Industry Segmentation

The market for the study defines the revenues (USD million) generated from the sales of flexible packaging products. The study covers the flexible packaging market tracked in terms of consumption and is limited to flexible packaging products made from plastic, paper, and aluminum.

The study on Egypt's flexible packaging market tracks the demand for material types such as plastic (flexible (wraps, pouches, films, stand-up pouches, tubes, sleeves, sachets, liners, etc.), paper (paper bags, liquid board, paper wraps) and metal foils (aluminum). Also, it tracks the market size in terms of revenue for the respective end-user industry verticals from the listed product types. The study factors in the impact of COVID-19 on the market studied, based on the prevalent base scenarios, key themes (growing demand for single-use), and end-user vertical-related demand cycles.

By Product Type
Bags and Pouches
Films and Wraps
Other Product Types
By End User Industries
Food
Beverage
Healthcare and Pharmaceutical
Retail
Other End-user Industries
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Egypt Flexible Packaging Market Size Summary

The Egyptian flexible packaging market is poised for growth, driven by increasing consumer demand and the expanding packaging sector. Flexible packaging is becoming the preferred choice due to its convenience, ease of use, and environmental benefits compared to rigid packaging. This trend is further supported by consumer-packaged goods companies that leverage flexible packaging to differentiate their products, enhancing consumer interest and sales. The market is also witnessing a shift towards sustainability, with brands adopting eco-friendly packaging solutions to align with global environmental standards. The growth in packaged food sales, driven by population increase and changing consumer preferences, is expected to further boost the demand for flexible packaging in Egypt. Additionally, the expansion of retail outlets is anticipated to augment the demand for flexible plastic products.

The market landscape is characterized by a few major players with significant market shares, such as Mondi Plc and Huhtamaki Group, who are focusing on expanding their customer base and implementing recycling initiatives. The COVID-19 pandemic has reshaped consumer behavior, increasing the demand for e-commerce and altering logistics, which in turn has influenced packaging needs. The government's initiatives to reduce single-use plastics and promote sustainable alternatives are expected to positively impact the market. Furthermore, Egypt's role as a prominent exporter of agricultural products and its significant imports of consumer goods present opportunities for flexible packaging vendors. The market is also seeing collaborations aimed at promoting a circular economy and enhancing recycling efforts, reflecting a broader commitment to sustainability and environmental responsibility.

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Egypt Flexible Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Assessment of Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Bags and Pouches

      2. 2.1.2 Films and Wraps

      3. 2.1.3 Other Product Types

    2. 2.2 By End User Industries

      1. 2.2.1 Food

      2. 2.2.2 Beverage

      3. 2.2.3 Healthcare and Pharmaceutical

      4. 2.2.4 Retail

      5. 2.2.5 Other End-user Industries

Egypt Flexible Packaging Market Size FAQs

The Egypt Flexible Packaging Market is projected to register a CAGR of 4.82% during the forecast period (2024-2029)

Huhtamaki Egypt Flexible Packaging, SofiPack S.A.E (Sochema Group), International Printing & Packaging Materials Co., Coveris Flexibles Egypt Ltd. and Mondi Plc are the major companies operating in the Egypt Flexible Packaging Market.

EGYPT FLEXIBLE PACKAGING MARKET Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)