Egypt Plastic Packaging Market Size

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).

The plastic packaging market is expected to be driven by several macro factors, including evolving lifestyles, increasing urban residents, expanding economic activity nationwide, and greater penetration of online retailers nationwide.

• Additionally, the plastic packaging market is anticipated to grow significantly over the coming years due to rising demand in end-use industries, including food, beverage, cosmetics, personal care, and pharmaceuticals. The plastic packaging market is anticipated to be driven by an increase in modern retailing, increasing consumer affluence, and accelerating e-commerce activities, particularly in emerging areas of the nation.
• The e-commerce industry's strong growth will also probably create new opportunities for the sector to expand. Lightweight and flexible packaging options are preferred by e-commerce businesses to cut down on transportation costs. The market is anticipated to be fueled by online shopping for everyday fresh meals, FMCG goods, technological devices, and clothing.
• Plastic packaging professionals in this area significantly impact inventing and upgrading materials, designs, and technologies for their customers due to shifting consumer preferences toward healthier products, laws, and the drive toward sustainability. One of the main issues for customers is sustainability. Manufacturers are creating lightweight containers to solve this, and package size is also getting smaller.
• Furthermore, it is anticipated that more opportunities for plastic packaging will arise in the forecast period due to the growing introduction of innovative packaging solutions, including bioplastic, active packaging, and packaging for dynamic atmospheres and edibles. However, the industry's expansion in the upcoming years will likely be threatened by growing sustainability awareness and a strict restriction on single-use plastic to reduce plastic pollution.
• The COVID-19 outbreak significantly impacted Egypt's SMEs that produce plastic packaging. The effects of COVID-19 on SMEs resulted in both operational and financial issues. Additionally, there was a noticeable disturbance in the supply chain regarding output. Financially, they have little cash on hand, but instead of applying for a loan to pay their bills, they temporarily choose to cut back on production. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem.