Egypt Paperboard Packaging Market Size (2024 - 2029)

Egypt Paperboard Packaging Market Analysis

The Egypt Paperboard Packaging Market size is estimated at USD 2.32 billion in 2024, and is expected to reach USD 2.86 billion by 2029, growing at a CAGR of 4.22% during the forecast period (2024-2029).

The major factors driving the growth of the paperboard packaging market are the increasing demand for paper-based packaging in the food industry in Egypt and a significant upsurge in the e-commerce segment. Furthermore, the rising awareness of the usage of sustainable packaging among the Egyptian population is also driving the growth of the market studied.

• The country's move to reduce plastic packaging consumption in line with the global movement is creating opportunities for paperboard packaging products. The Ministry of Environment of Egypt launched the European Union-funded initiative in the recent past, intending to lower Egypt's strong dependency on plastic packaging and reduce its use due to its adverse effects.
• The European Bank for Reconstruction and Development (EBRD) has been working to boost economic growth and develop open and sustainable market economies for the southern and eastern Mediterranean, known as SEMED. The growing investment of EBRD will help grow Egypt's paperboard packaging market ecosystem in the coming years.
• The COVID-19 pandemic resulted in a new transformation in the e-commerce segment in Cairo and across Egypt, as stated by the Cairo Real Estate Market Performance report by JLL. As a result of the pandemic, the closure of malls changed the logistics landscape in Egypt. Consumers have shifted their preferences towards e-commerce buying, and therefore the e-commerce sector is striving to keep up with the rising demand for online shopping.
• There is considerable growth in paperboard packaging products attributed to customers hoarding due to the COVID-19 pandemic in the country. There has also been an expected rise in consumption as a more significant portion of the Egyptian population's income has been allocated to food spending. The pandemic lowered spending on other aspects due to self-isolation measures. Furthermore, the Russia-Ukraine war has an impact on the overall packaging ecosystem of the country.
• The dynamic prices of the raw materials, paper pulp imported from neighboring countries, and competition from plastic-based packaging are some factors challenging the market growth. For instance, as of May 2022, paper prices increased by EGP 1,200 (USD 64.56) per ton. These factors are expected to result in a decline in the profit margin of vendors until the cost is passed on to customers.

Egypt Paperboard Packaging Industry Segmentation

The study keeps track of market demand through the revenue generated from the paperboard products consumed in Egypt. The market study covers the emerging trends in Egypt's paperboard packaging market. The study also tracks the country's export-import scenarios of carton board products. The Egyptian paperboard packaging market is segmented by product type (corrugated and solid fiber boxes, folding cartons, and other product types) and end-user industry (food, beverage, healthcare and pharmaceutical, household and personal care, and other end-user industries).

The market sizes and forecasts are provided in terms of value in USD million for all the above segments.