Market Size of Egypt Glass Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 134.44 Million |
| Market Size (2029) | USD 246.17 Million |
| CAGR (2024 - 2029) | 12.86 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Egypt Glass Packaging Market Analysis
The Egypt Glass Packaging Market size is estimated at USD 134.44 million in 2024, and is expected to reach USD 246.17 million by 2029, growing at a CAGR of 12.86% during the forecast period (2024-2029).
With the COVID-19 outbreak, the Egyptian glass packaging market is expected to witness impeded growth, as the country's food and beverage sector faces a major setback due to supply chain disruption and partial lockdown being imposed to curb the spread of the pandemic. As per the Chairperson of the Food Export Council Egypt, the country's food export may decrease by 30% due to the ongoing pandemic.
- Egypt is the most populated country in the MENA region, with a population of 99.2 million, and it has one of the largest economies in Africa. According to the IMF, the GDP of the country is expected to reach USD 1496.43 billion in 2020, from USD 854.05 billion in 2010. The increasing population, increasing disposable income, and changing lifestyle in the country are driving the growth of the market studied.
- Egypt's membership of COMESA regional economic bloc, along with its strategic location linking the Asia and EMEA, makes the country the gateway to the East and North African markets, with favorable trade agreements. This factor makes the country a significant importer and exporters of several products, such as food, beverages, cosmetics, and pharmaceuticals.
- Furthermore, there is scope for substantial growth across Egypt's soft drinks sector. With approximately 90% of the population practicing the Islamic religion, the alcohol industry is very marginal. However, the country witnessed significant adoption of soft drinks. According to Social Bakers, the popular soft drinks in Egypt are Coca-Cola, followed by Fayrouz, 7UP, and Beyti Tropicana.
- Additionally, the country's cosmetic industry is growing, due to changes in lifestyle and an increase in the use of cosmetics to enhance the overall appearance. The increasing demand from the cosmetic sector is also driving the need for the glass packaging. According to Cosmetics Business, the market value for nail cosmetic products grew by 17.8% in 2019 in Egypt.
