Egypt Paper Packaging Market Size (2024 - 2029)

Egypt Paper Packaging Market Analysis

The Egypt Paper Packaging Market is expected to grow by registering a CAGR of approximately 3.7% during the forecast period. With the focus now shifting towards eco-friendly and sustainability, paper packaging is expected to gain traction in the country as consumers are pushing for paper packaging products over plastic packaging, which poses a significant threat to the environment.

• Paper packaging primarily involves paper-based wrap to protect and improve the product's image. Paper packaging also creates opportunities for marketing purposes like promoting the brand or creating awareness in the market.
• According to the Egyptian Export Council for Printing, Packaging, Paper, Literary, and Artistic Works, exports in these categories increased by 37% between January and June of the last year to reach USD 614.6 million, up from USD 449.4 million during the same period in 2021. Also, paper exports went up by 30% to USD 232.5 million against USD 142.3 million in the corresponding period last year.
• A USD 500 million development finance agreement between Egypt and the World Bank is also discussed to bolster Egypt's efforts to achieve food security and support the Egyptian economy in the face of the European debt crisis.
• The global COVID-19 outbreak notably impacted the Egyptian paper packaging market. Although Egypt reacted relatively early to curb the outbreak of this pandemic, negative external factors such as declined export volume owing to reduced demand combined with the partial lockdown affected the local market to cause significant disruptions. There is also an impact of the Russia-Ukraine war on the overall packaging ecosystem.
• However, with the conditions improving and the countries opening up their boundaries, the paper packaging industry in the country is expected to regain momentum during the forecast period.

Egypt Paper Packaging Industry Segmentation

Paper packaging materials can be easily reused and recycled, compared to other materials, such as metals and plastics. This is the reason for considering paper packaging as the most eco-friendly and economic forms of packaging. The growing demand for flexible paper packaging, due to the rise in consumer awareness regarding the harmful effects of plastic on the environment, is helping in the growth of the paper packaging industry to grow.

The Egyptian packaging industry grew significantly in the last few years and targeted the same in the coming years. The paper packaging market in the country is flourishing owing to the growing demand for sustainable packaging, along with several government initiatives to reduce the use of plastics. This report offers a detailed overview of research, opportunities & growth of Egypt's paper packaging market segmented based on products and verticals. The market sizes and forecasts are in terms of value (USD million) for all the above segments.