Market Size of Egypt Rigid Plastic Packaging Industry
| Study Period | 2022 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2022 - 2022 |
| CAGR (2024 - 2029) | 3.26 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Egypt Rigid Plastic Packaging Market Analysis
The Egypt Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.49 Million metric tons in 2024 to 0.57 Million metric tons by 2029, at a CAGR of 3.26% during the forecast period (2024-2029).
Egypt's pivotal position in the Middle East, its political relevance to the United States, and its proximity to wealthy neighbors have bolstered its economy, fueling the nation's manufacturing sector, which has bolstered the packaging industry.
- As the Central Agency for Public Mobilization and Statistics (CAPMAS) reported, Egypt's population has surpassed 106 million and is on track to reach 124 million by 2030. With approximately ten million migrants from Iraq, Syria, Libya, Yemen, and Sudan residing in the country, there is a noticeable surge in food consumption. This uptick drives the demand for plastic packaging products in Egypt, including bottles, jars, trays, containers, and other rigid packaging solutions.
- Data from the United States Department of Agriculture (USDA) indicated that in Q4 2023, Egypt welcomed 3.6 million tourists, marking an 8% rise from the previous year. This influx, coupled with a robust demand for United States food products, is bolstering the country's food retail sector and, in turn, amplifying the need for rigid plastic packaging solutions, including trays, containers, and jars.
- Moreover, as urbanization accelerates, Egyptian retailers are turning to digital technology and e-commerce. This shift not only broadens consumer access to diverse food products and non-alcoholic beverages but also propels market expansion.
- In Egypt's rigid plastics packaging industry, sustainability is taking center stage. Local manufacturers, such as National Plastic Factory LLC, are prioritizing the creation of innovative, high-quality, and sustainable packaging solutions. This focus caters to the burgeoning demands of various end-use industries in the nation, driving market growth.
- Nonetheless, the Egyptian market faces challenges, primarily from shifting regulatory standards driven by heightened environmental concerns. In response to public apprehensions about plastic waste, the Egyptian government is enacting regulations aimed at curbing environmental waste and enhancing waste management. These measures, while addressing environmental concerns, pose challenges to the demand for plastic packaging solutions.
