Market Size of Egypt Paper Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
