Egypt Dairy Packaging Market Analysis and Global Outlook 2021 to 2026 - Bihai, Sudpack, Weyerhaeuser, Scholle Corporation, Pulisheng, Smurfit Kappa Group
The Egypt dairy packaging market is expected to grow at a CAGR of about 4.7% during the forecast period of 2021-2026.
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Top Key Players in the Egypt Dairy Packaging Market: Bihai, Sudpack, Weyerhaeuser, Scholle Corporation, Pulisheng, Smurfit Kappa Group, Coesia IPI, Elopak, DS Smith Packaging, SERAC, International Paper Company, Tetra Laval, Amcor, Nippon Paper Group, Skylong, Ecolean, Stora Enso, Greatview, SIG Combibloc, and Others.
- 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.
The rising culture of healthy drinking, higher consumption of ready-to-drink dairy beverages, and the rise in online shopping is altering the way dairy products are being purchased and consumed in Egypt. Furthermore, the changing lifestyles of the Egyptian population to more health-conscious eating is likely to have a positive impact on the market.
- 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.
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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.
Analytical Tools: The 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, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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.
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