Egypt Plastic Packaging Films Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 3.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Egypt Plastic Packaging Films Market Analysis
The Egypt Plastic Packaging Films Market size is estimated at 0.77 Million tonnes in 2024, and is expected to reach 0.91 Million tonnes by 2029, growing at a CAGR of 3.40% during the forecast period (2024-2029).
- Egypt is considered the third-biggest packaging and wrapping market in the Middle East and Africa. The industry is considered one of the major complementary industries for all types of products, including food, pharmaceutical, chemical, tourism, and education, which are involved in the manufacturing process and the final products.
- The Egyptian plastic packaging film market is driven by numerous macroeconomic factors, such as changing lifestyles, rising urban populations, rising economic activity nationwide, and increased online retailer penetration, which are anticipated to propel the market’s growth. Furthermore, the increasing demand from the food, beverage, and pharmaceutical sectors is expected to drive the demand for plastic packaging films.
- In May 2023, a global packaging company announced it had joined Egypt’s ProPak MENA to exhibit its flexible GL BARRIER and a range of eco-friendly packaging solutions across the region.
- Egypt's status as a maritime hub facilitates easier import and export of goods across the Middle East and Africa. This logistical advantage reduces transportation costs and enhances supply chain efficiency for plastic packaging film manufacturers and distributors.
- According to Toppan, Africa is a crucial market for flexible packaging. Egypt is a maritime hub that brings together many people from different countries across the Middle East and Africa. In the context of population expansion, Egypt has a diversified economy and significant consumer markets.
- Price fluctuations in energy, transport, and logistics reverberate through the plastic resin market. The pricing of plastic packaging films, in turn, is intricately linked to the global trade of its raw materials. Geo-political tensions, trade regulations, tariffs, price volatility, and shifting environmental priorities all play pivotal roles in shaping the cost dynamics of these raw materials.
Egypt Plastic Packaging Films Market Trends
Polyethylene Terephthalate (PET) is Expected to Witness Significant Growth
- The Egyptian plastic packaging film market is driven by numerous macroeconomic factors, such as changing lifestyles, rising urban populations, rising economic activity nationwide, and increased online retailer penetration, which are anticipated to propel the market. Also, the increasing demand from the food, beverage, and pharmaceutical sectors is expected to drive the demand for flexible plastic packaging.
- To address such demand growth, in April 2023, Flex P Films Egypt, a subsidiary of Indian flexible packaging materials company UFLEX, laid the cornerstone for its polyethylene terephthalate factory, Flex PET, in the industrial zone in Sokhna. According to a September 2022 Zawya Projects report, the company is investing USD 110 million to build a polyester resin manufacturing facility in Egypt.
- The new factory will boost the local production capacity of polyethylene terephthalate (PET) films, ensuring a steady supply to meet the rising demand for packaging materials. This can reduce dependency on imports and enhance supply chain reliability.
- The strong performance in plastic exports demonstrates Egypt's established market presence and expertise in the plastic industry. This can provide a solid foundation for expanding into PET plastic packaging films, leveraging existing relationships and market knowledge.
- UN Comtrade data highlights plastic as the leading exported good, commanding a value of USD 2.29 billion in 2023, surpassing other packaging materials.
- The high volume of plastic exports suggests that Egyptian manufacturers benefit from economies of scale. This can reduce production costs for PET plastic packaging films, making them more competitive in both domestic and international markets.
Food to Witness Significant Growth
- Growing populations increase FMCG consumption, especially food items. This drives the demand for durable plastic packaging films. As consumers rise, the need for efficient packaging solutions becomes more critical. Plastic packaging films offer the necessary durability and efficiency, making them a preferred choice in FMCG.
- Tayf Egypt reports that Egypt, boasting a population exceeding 84 million, is the Middle East's largest market. With a populace nearing 100 million and an annual growth of approximately 2 million, Egypt remains a lucrative hub for retailers and fast-moving consumer goods producers.
- Increased spending on food and beverages, often reflected in a higher CPI, can signal potential growth in the industry. Notably, the food and beverage sector leans heavily on plastic packaging films for crucial functions like product preservation, transportation, and display. These films play a vital role in extending the shelf life of products, ensuring they reach consumers in optimal condition. Additionally, the use of plastic packaging films aids in maintaining the quality and safety of food and beverages during transit, thereby reducing waste and enhancing customer satisfaction.
- In April 2023, Egypt's urban areas witnessed a notable uptick in the consumer price index (CPI) for food and non-alcoholic beverages, climbing to 201.2 points, up from 196.9 points in the preceding month, as reported by CAPMAS.
- As prices rise, consumers may seek out packaged goods that offer longer shelf life and convenience, leading to higher demand for plastic packaging films used in food packaging.
Egypt Plastic Packaging Films Industry Overview
The Egyptian plastic film packaging market is fragmented due to the establishment of numerous manufacturers of plastic films. Players in this market often adopt key strategies such as product launches, collaboration, and partnerships to enhance their market presence and ensure sustainability. These strategies allow them to expand their operational capabilities, access new markets, and strengthen their competitive edge.
- May 2024: UFlex, a flexible packaging manufacturer with operations in Egypt, launched its offerings in the final quarter of FY24. The company introduced new products specifically designed for both labels and flexible packaging. UFlex's packaging films division notably rolled out the 'B-UUB-M' Outstanding Barrier Metallized BOPP Film. This innovative film is crafted to cater to various products, including dry fruits, beverages, chips, snacks, biscuits, cookies, confectionery, and chocolate items.
- August 2023: UFlex launched innovative and sustainable products. Specifically, its Packaging Films division launched the F-PSX, a high-barrier transparent BOPET film. This film features a protective printable layer, a high-barrier vacuum deposit on one side, and a primer-coated or untreated surface on the other.
Egypt Plastic Packaging Films Market Leaders
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Misr Elhegaz Group
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Hyma Plastic
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International Pack For Packaging Industry (IPPI)
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Amcor Group GmbH
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UFlex Limited
*Disclaimer: Major Players sorted in no particular order
Egypt Plastic Packaging Films Market News
- March 2024: SIG, in partnership with social enterprise Plastic Bank and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, launched a transformative initiative. The project focuses on reshaping Egypt's recycling sector and enhancing safety measures for waste collection personnel.
- June 2023: Orascom Industrial Parks, an Egyptian firm, sealed a USD 120 million agreement with Flex Accipto, an Indian subsidiary of UFlex Group, as confirmed by an official statement from SCZONE. The expansion, spanning 150,000 sq. m, will focus on producing packaging products with a targeted annual output of 120 million packages.
- February 2023: Plastiks, a key player in plastic recovery projects, forged a strategic alliance with Egypt's prominent apparel brand, Concrete. This collaboration is pivotal in Egypt's efforts to combat plastic pollution. Plastiks' core expertise lies in linking global sponsors with plastic recovery initiatives. Through this partnership, Plastiks will oversee the tokenization of Concrete's sponsored plastic recovery endeavors in Egypt.
Egypt Plastic Packaging Films Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumption and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
-
4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitutes
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Rising Population and Urbanization Drive Demand in the Market
- 5.1.2 Demand for Advanced Packaging Rises with Egypt's Retail Evolution
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5.2 Market Restraints
- 5.2.1 Environmental Concerns and Raw Material Price Volatility
6. MARKET SEGMENTATION
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6.1 By Type
- 6.1.1 Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast polypropylene (CPP))
- 6.1.2 Polyethylene (Low-Density Polyethylene (LDPE), Linear low-density polyethylene (LLDPE))
- 6.1.3 Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET))
- 6.1.4 Polystyrene
- 6.1.5 Bio-Based
- 6.1.6 PVC, EVOH, PETG, and Other Film Types
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6.2 By End-user Industry
- 6.2.1 Food
- 6.2.1.1 Candy and Confectionery
- 6.2.1.2 Frozen Foods
- 6.2.1.3 Fresh Produce
- 6.2.1.4 Dairy Products
- 6.2.1.5 Dry Foods
- 6.2.1.6 Meat, Poultry, and Seafood
- 6.2.1.7 Pet Food
- 6.2.1.8 Other Food Products (Seasonings and Spices, Spreadables, Sauces, Condiments, etc.)
- 6.2.2 Healthcare
- 6.2.3 Personal Care and Home Care
- 6.2.4 Industrial Packaging
- 6.2.5 Other End-user Industries (Agricultural, Chemical, etc.)
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles*
- 7.1.1 Misr Elhegaz Group
- 7.1.2 Hyma Plastic
- 7.1.3 COPACK Co.
- 7.1.4 International Pack For Packaging Industry (IPPI)
- 7.1.5 Taghleef Industries Group
- 7.1.6 Pack House Egypt
- 7.1.7 Amcor Group GmbH
- 7.1.8 UFlex Limited
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
** Subject To AvailablityEgypt Plastic Packaging Films Industry Segmentation
Plastic film packaging refers to various thin plastic materials that wrap or protect products. These films are commonly used in the food, beverage, pharmaceutical, and other industries. The report tracks the demand for converted packaging films across major resin and application types. This encompasses a range of materials and uses, reflecting the market's varied requirements and the evolving preferences of consumers and businesses.
The Egyptian plastic packaging films market is segmented by type (polypropylene {biaxially oriented polypropylene [BOPP], cast polypropylene [CPP]} and polyethylene {low-density polyethylene [LDPE] and linear low-density polyethylene [LLDPE]}, polyethylene terephthalate {biaxially oriented polyethylene terephthalate [BOPET]}, polystyrene, bio-based, and PVC, EVOH, PETG, and other film types), end-user industry (food {candy and confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products [seasonings and spices, spreadable, sauces, condiments, etc.]}, beverage, healthcare, personal care and home care, industrial packaging, other end-user industries). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.
| By Type | Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast polypropylene (CPP)) | |
| Polyethylene (Low-Density Polyethylene (LDPE), Linear low-density polyethylene (LLDPE)) | ||
| Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET)) | ||
| Polystyrene | ||
| Bio-Based | ||
| PVC, EVOH, PETG, and Other Film Types | ||
| By End-user Industry | Food | Candy and Confectionery |
| Frozen Foods | ||
| Fresh Produce | ||
| Dairy Products | ||
| Dry Foods | ||
| Meat, Poultry, and Seafood | ||
| Pet Food | ||
| Other Food Products (Seasonings and Spices, Spreadables, Sauces, Condiments, etc.) | ||
| By End-user Industry | Healthcare | |
| Personal Care and Home Care | ||
| Industrial Packaging | ||
| Other End-user Industries (Agricultural, Chemical, etc.) |
Egypt Plastic Packaging Films Market Research FAQs
How big is the Egypt Plastic Packaging Films Market?
The Egypt Plastic Packaging Films Market size is expected to reach 0.77 million tonnes in 2024 and grow at a CAGR of 3.40% to reach 0.91 million tonnes by 2029.
What is the current Egypt Plastic Packaging Films Market size?
In 2024, the Egypt Plastic Packaging Films Market size is expected to reach 0.77 million tonnes.
Who are the key players in Egypt Plastic Packaging Films Market?
Misr Elhegaz Group, Hyma Plastic, International Pack For Packaging Industry (IPPI), Amcor Group GmbH and UFlex Limited are the major companies operating in the Egypt Plastic Packaging Films Market.
What years does this Egypt Plastic Packaging Films Market cover, and what was the market size in 2023?
In 2023, the Egypt Plastic Packaging Films Market size was estimated at 0.74 million tonnes. The report covers the Egypt Plastic Packaging Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Egypt Plastic Packaging Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Egypt Plastic Packaging Films Industry Report
Statistics for the 2024 Egypt Plastic Packaging Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Egypt Plastic Packaging Films analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
