Egypt Dairy Packaging Market 2021-2026 skyrocketed revenue with key players Elif Global Packaging EGYPT, Elhossam Pack, Tetra Pak Egypt
Egypt Dairy Packaging market is growing at a CAGR of 4.7% during the forecast period (2021-2026).
The Egypt Dairy Packaging market is highly competitive and consists of a number of major players. Top Companies like Elif Global Packaging EGYPT, Elhossam Pack, Tetra Pak Egypt, Huhtamaki Flexibles Egypt, Mipco Plast, Jokey Egypt For Plastic Packaging Industries S. A. E.
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Industry News And Developments:
- In 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.
- 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 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 company has received an EGP 200 million investment from the National Bank of Kuwait to expand its investments in the domestic market, and prepare for new investments in the coming 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.
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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.
Milk Segment is Expected to Grow at a Significant Rate During the Forecast Period
- The high content of minerals and moisture in milk makes it very challenging for producers or sellers to store it for an extended period, which is one of the significant reasons for milk consumed as milk powder or processed milk. With the current milk processing technology, fluid milk packed in a bottle has a shelf-life between 10 and 21 days when stored at a temperature between 4 to 8C. With the advent of emerging processes, like UP and UHT, the shelf life of packaged milk has extended to a year without refrigeration.
- Milk is the most preferred dairy product across Egypt. According to OECD, Egypt produced 5.54 million tonnes of milk in 2019. The country’s cow inventory stands near 6.86 million in 2019, contributing to the massive amount of milk production across 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 Dairy 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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