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Egypt aspires to become among the 30 strongest economies worldwide by 2030. The country is adopting a 2020 industrial development strategy which targets increasing the contribution of the sector to GDP from 17 to 21%, according to Egypt’s Minister of Industry and Foreign Trade.

Egypt is one of the most populated countries in Africa and the Middle East with 94.8 million inhabitants in 2018 that are projected to increase to 129 million by 2050. The country 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

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