Egypt Paperboard Packaging Market Size & Business Planning, Innovation to See Modest Growth

(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 05, 2021, 09:19 /Comserve / -- Egypt Paperboard Packaging Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The Egyptian paperboard packaging market is expected to register a CAGR of about 4.1% during the forecast period (2020-2025). The factors which are majorly driving the growth of the paperboard packaging market are increasing demand for paper-based packaging in the food industry in Egypt coupled with a significant upsurge in the e-commerce segment. Furthermore, the rising awareness of the usage of sustainable packaging among the Egyptian population is also driving the growth of the market studied.

- The country's move to reduce the consumption of plastic packaging in line with the global movement is creating opportunities for paperboard packaging products in the country. The Egyptian Ministry of Environment has launched the European Union-funded initiative in the recent past, intending to lower Egypt's strong dependency on plastic packaging and reduce its use due to its adverse effects.
- The Egyptian packaging industry has grown significantly in the last few years and targets the same in the coming years. According to the Export Council for Printing and Packaging Paper, Egypt aims a 20% increase in the exports of the packaging manufacturing sector in the next year, which stood at USD 1.6 billion in 2019.

Click Here to Download Sample Report >> 

Key Market Trends

Folding Cartons is Expected to Grow at a Significant Rate Throughout the Forecast Period

- Folding cartons are one of the most common types of consumer packaging found in the Egyptian market. Folding cartons are majorly used in retail packaging to hold individual products, and these packaging can also be used to promote products to encourage impulse buying.
- In April 2020, Souq, which is an Amazon-owned online retailer, filled its pantry to avoid crowding in retail stores and supermarkets, especially as Ramadan approaches, which results in extra buying of food and other essential products. The food and other essential stockings at the time of Ramadan in Egypt is driving the seasonal demand for folding cartons.
- The food and beverage companies in the country are focusing on more investments to expand their production volume, further creating opportunities for the folding cartons segment.
- For instance, Obour Land, which has 12 Carton Pack production lines, has invested EGP 600 million over the past three to four years. The company has received an EGP 200 million investment fund from the National Bank of Kuwait to open four new production lines and prepare for new investments in the coming years.

Food Industry Segment is Expected to Hold a Significant Share Throughout the Forecast Period

- The food industry has driven the increasing adoption of paperboard packaging in Egypt in the last few years owing to the rising domestic production of food grains, like wheat, maize, and rice. According to the FAO-OECD, the production of wheat in the country stood at 9.18 million ton in 2019 and expected to reach 10.08 million ton by 2028.
- In April 2019, the Central Agency for Public Mobilization and Statistics (CAPMAS) had announced that the country's annual inflation rate reached 13.8% in 2019 compared to 13.1% in the previous fiscal year. High inflation rates have reduced the purchasing power for many consumers in the country. As a result, the Egyptian food retail market has become more price-sensitive than earlier, especially for middle and low-income consumers. This economic factor has driven customers to consume substitute domestic products for the previously imported food items. As local food production increases, it will drive the market for paperboard packaging in the country.

Request For The Sample Report Here: 

- In October 2019, Chinese manufacturer Angel Yeast started its new facility in Egypt owing to surging demand for yeast in the country. As the country has one of the significant yeast consumer bases among the Middle East & African countries, this newly constructed facility will satisfy the demand at a larger scale. These types of facility expansions in the country will further boost the growth of the food segment.
- In December 2019, the UAE Ministry of Economy organized an official trade and investment mission to Egypt. The UAE - Egypt Business Forum is an official networking and business development event designed to provide Egypt and UAE companies with the knowledge and contacts essential to do business in both countries. This mission will also contribute towards the growth of the segment in the future.

Competitive Landscape

The Egyptian paperboard packaging market is moderately competitive and comprises a significant number of regional players who have a significant global footprint. These players hold a substantial share in the market and are focusing on expanding their customer base across the country. These players are focusing on the investment in introducing new solutions, strategic alliances, and other organic and inorganic growth strategies to capture a significant share during the forecast period.

1 INTRODUCTION
1.1 Study Assumptions
1.2 Market Definition
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising demand for paper-based packaging products in the Food industry in Egypt
4.2.2 Growth in the e-commerce segment
4.2.3 Increasing awareness on the use of sustainable packaging aided by changing regulatory landscape
4.3 Market Challenges
4.3.1 Environmental concerns and high competition from Plastic-based packaging
4.4 PESTEL Analysis - Egypt Paper Packaging Market
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Intensity of Competitive Rivalry
4.5.5 Threat of Substitutes
4.6 Impact of COVID-19 on the Egypt Paper Packaging Industry
4.7 Major considerations for establishing a Packaging facility in Egypt

5 EGYPT CARTONBOARD IMPORT AND EXPORT ANALYSIS

Request For Full Report >>  Egypt Paperboard Packaging Market

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

MENAFN05102021004694010674ID1102921363