Egypt Plastic Packaging Market Size (2024 - 2029)

Egypt Plastic Packaging Market Analysis

The Egypt Plastic Packaging Market size is estimated at USD 2.33 billion in 2024, and is expected to reach USD 2.75 billion by 2029, growing at a CAGR of 3.41% during the forecast period (2024-2029).

• Several macro factors are set to propel the plastic packaging market, such as evolving lifestyles, a growing urban population, expanding economic activities, and the rising presence of online retailers.
• Flexible plastic packaging melds the strengths of plastic, paper, and aluminum foil, offering printability, durability, barrier protection, freshness, and user-friendliness. The flexible plastic packaging industry is fueled by escalating demands in key industries like food, beverages, cosmetics, personal care, and pharmaceuticals and is anticipated to witness substantial growth over the forecast period. Factors such as the rise of modern retail, growing consumer affluence, and the surge in e-commerce activities, especially in emerging regions, are set to propel the plastic packaging market.
• The plastic packaging market in Egypt is witnessing rapid growth, driven by several factors. These include the rising adoption of oxo-degradable plastics, escalating demand from end-user industries, technological advancements enhancing barrier solutions, and the integration of more active and intelligent packaging to align with heightened consumer expectations.
• Food companies opt for flexible plastic as secondary packaging to reduce competition and bolster profit margins. In line with its strategy to expand in emerging markets, Kellogg Company made a significant move by acquiring Egypt's leading cereal company, Mass Food Group. Leveraging Mass Food Group's local manufacturing prowess, established brands, and distribution network, as well as Kellogg's international sales expertise, renowned brands, and marketing acumen, the collaboration aims to bolster the growth potential of the cereal segment in Egypt and broader North Africa. This strategic horizontal integration not only enhances market presence but also promises improved profit margins.
• The rising alarm over mounting plastic waste in landfills has spurred a push toward a circular plastics economy. While Egypt's plastic recycling industry is nascent, a handful of startups are seizing the chance to recycle or trade the plastic waste that would otherwise fill landfills. In a bid to bolster sustainable initiatives and tackle e-waste recycling hurdles, PLASTEX 2024 in Egypt unveiled a novel Plastics Recycling Zone. This zone offers a platform for both budding entrepreneurs and established firms to showcase and exchange their recycling techniques and technologies.
• The industry faces a potential threat to its expansion in the coming years due to heightened sustainability awareness and stringent regulations aimed at curbing plastic pollution. The Egyptian General Organization for Standardization and Quality is set to introduce specifications for single-use plastic bags, mandating a minimum thickness of 50 microns.

Egypt Plastic Packaging Industry Segmentation

The scope of the market is tracked in terms of the consumption of the plastic products considered in the market studied. The study tracks revenue and volume accrued from the sales of different packaging products offered by Egyptian vendors operating in the market studied.

The Egyptian plastic packaging market is segmented by material (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), and expanded polystyrene (EPS), polyvinyl chloride (PVC), and other materials), packaging type (rigid and flexible), product (bottles and jars, tubs, cups, bowls and trays, intermediate bulk containers, pouches, and other products), and end user (food, beverage, healthcare, cosmetics and personal care, and other end users). The market sizes and forecasts are provided in terms of value (USD) and volume (units) for the above segments.