Egypt Dairy Packaging Market Challenges, Current Trends and Future Growth Forecast to 2026

Egypt Dairy Packaging Market report provides an in-depth analysis of the COVID-19 impact, key player’s strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. The Market report focus to provide extensive information on industry with market overview, key trends and business plans for Egypt Dairy Packaging market.

The Egypt dairy packaging market is expected to grow at a CAGR of about 4.7% during the forecast period of 2021-2026.

Market Overview:

- The dairy production companies in the country are focusing on more investments to expand their dairy production volume, further creating opportunities for the studied market. For instance, Obour Land, a significant Egyptian manufacturer specialized in the production, processing, and packaging of white cheese has invested EGP 600 million over the last four years.

- The European Bank for Reconstruction and Development (EBRD) has worked to boost economic growth and develop open and sustainable market economies for the southern and eastern Mediterranean, known as SEMED. The EBRD has been investing in Egypt, Jordan, Morocco, and Tunisia since September 2012. As per November 2019, EBRD’s total investment in this region has reached EUR 10.1 billion in seven years, focusing on renewable energy, infrastructure, and SMEs. This investment will help to grow the dairy packaging market ecosystem of Egypt in the coming years.

- There is a significant growth of dairy product purchases attributed to customers hoarding due to the ongoing COVID-19 pandemic in Egypt. There has also been an expected rise in consumption as a more significant portion of the Egyptian population’s income has been allocated to food spending. It has lower spending on other aspects due to self-isolation measures.

- From a Hermes Investment Bank report, Egyptian dairy products companies Obourland, Juhayna, Domty, and Edita are expected to see their 2020 revenues grow by more than 20%. Increasing dairy consumption will have a positive impact on the Egyptian dairy packaging market. As stated by the International Monetary Fund, Egypt experienced a positive economic trend before the outbreak, with a GDP growth rate of 5.5% in 2018/2019 and more positive estimations of 5.9% for 2019/2020 and 6.0% for 2020/2021 were expected.

(SPECIAL OFFER: AVAIL FLAT 25% DISCOUNT ON THIS REPORT):

Click the link to get a free Sample Copy of the Report at:

https://www.marketinsightsreports.com/reports/02082593257/egypt-dairy-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=28

Industry News:

- January 2020: Tetra Pak introduced the food and beverage (F&B) industry’s full-scale virtual marketplace. This virtual marketplace will help the dairy-producing & processing companies in Egypt to have coordination on the supply-demand scenario at the time of the COVID-19 crisis.

- September 2019: Huhtamaki acquired Africa-based flexible packaging manufacturer Everest Flexibles for a value of GBP 58 million. After the acquisition, Huhtamki now has two flexible packaging manufacturing units in the African region, the recently opened facility in Egypt and Everest.

Key Market Trends:

Plastic Material is Expected to Hold a Significant Share Throughout the Forecast Period

- Plastic bottles in the country contribute more than 50% of the milk packaging. The trend of on-the-go consumption, the convenience of the smooth pour, the appealing packaging quality, and health awareness showcased by drinkable dairies, like soy-based milk, have augmented the demand for plastic packaging.

- Nowadays, the primary factor behind expanding the sales of dairy products are the different forms of packaging available. Earlier, milk was available only in gable-top cartons. At present, milk has delivered in portable, brand-friendly plastic bottles, which is an attractive option for busy consumers.

- Some of the newest milk and drinkable dairy products, such as smoothies and yogurts, are presented in single-serve and sleek plastic bottles. The increasing adoption of skim milk powder among the young generations of the country is also contributing to the growth of the dairy packaging market in the coming years. The import of skim milk powder stands at 76.74 thousand tonnes in 2019 (according to OECD) and expected to reach 107.77 thousand tonnes in 2028.

- According to data released by OECD-FAO, the volume of cheese consumed in Egypt is likely to reach 734.04 thousand tonnes by 2028. Light weighting feature is expected to drive the use of plastics in cheese, as cheeses get transferred in bulk.

Full browse the report description and TOC:

https://www.marketinsightsreports.com/reports/02082593257/egypt-dairy-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=28

Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2016 to 2020 historically and from 2021 to 2026 forecast, it also includes the impact of Post-Covid-19 both on the short- and long-term prospects of the industry.

This Egypt Dairy Packaging Market report addresses:

The Market size from 2016-2020
Expected market growth until 2026
Forecast of how market drivers, restraints, and future opportunities will affect
Segment and regions that will drive or lead market growth and why
Comprehensive mapping of the competitive landscape
In-depth analysis of key sustainability strategies adopted by market place

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

- 3 months of analyst support

Purchase Full Report@:

https://www.marketinsightsreports.com/report/purchase/02082593257?mode=su?Mode=28

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

- Post Covid-19 Analysis

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Market Insights Reports
4893, Pepper drive, Harrisburg ,NC 28075,United States

Contact US :
Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.