Egypt Paperboard Packaging Market to Perceive Substantial Growth During 2021 to 2026 | Cepack Group, Amcor Limited, National Bag Company, Indevco Group

Latest research on Egypt Paperboard Packaging Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Egypt Paperboard Packaging market. This report included a special section on the Impact of COVID19. Also, Egypt Paperboard Packaging Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Egypt Paperboard Packaging industry.

Egypt Paperboard Packaging market is growing at a CAGR of 4.1% during the forecast period (2021-2026).

The Egypt Paperboard Packaging market is highly competitive and consists of a number of major players. Top Companies like Cepack Group, Amcor Limited, National Bag Company, Indevco Group, Huhtamaki Group, Graphic Packaging International Egypt, Lasheen Group, Express International Group

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Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Egypt Paperboard Packaging market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Egypt Paperboard Packaging Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Industry News And Developments:

- In February 2020, Graphic Packaging International, which has a significant footprint in Egypt, has invested EUR 20 million for its capacity expansion in a European country. This geographic expansion outside Egypt will help the company to have a chance to expand its customer base.

- In 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.

Scope of the Report

- 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.

- 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 paperboard packaging market ecosystem of Egypt in the coming years.

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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 her 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 & 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 FAO-OECD, the production of wheat in the country stood at 9.18 million tonnes in 2019 and expected to reach 10.08 million tonnes 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.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Egypt Paperboard Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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