• Egypt aspires to become among the 30 strongest economies worldwide by 2030.
  • Egypt is adopting a 2020 industrial development strategy which targets increasing the contribution of the sector to GDP from 17 to 21%.
  • Egypt is one of the most populated countries in Africa and the Middle East with 94.8 million inhabitants in 2018 (projected to increase to 129 million by 2050).
  • Egypt has a rather young population with 61% of inhabitants being under the age of 31, and 43% living in urban areas. This makes Egypt a highly attractive market with a significant affinity for spending on various consumer goods.

With a large consumer base, strategic geographic location, openness to regional markets governed by free trade agreements, as well as government incentives for investment and licensing promotion, Egypt’s industrial sector provides a rewarding business environment.

The MENA region’s packaging industry is forecast to approach $71.5 billion by 2022, according to a Smithers Pira report. Sales of industrial packaging in the MENA region are projected to be valued at more than $5 billion by 2024. Sales revenues are expected to increase at a CAGR of 5.2% during the forecast period (2016–2024). GCC and North Africa are identified as the key markets that account for more than 60% of MENA’s industrial packaging market.

$52.4 billion estimated revenues of the packaging market in 2019

22% packaging industry growth in 5 years

22.3% North Africa’s share of the market