Egypt is a major industrial country, with a strategic geographic location close to Africa and the Middle East.
Plastics industry is one of the most flourishing and active sectors of the chemical industry sector in Egypt.
With the plastics market expected to grow at an annual rate of 10% over the next 10 years, Egypt is set to become the largest producer and consumer of plastics, plastic items and raw materials in the MENA region.
Although Egypt consumes 11% of the MENA’s share of plastic products and 0.7% of global production, Egyptian companies can only produce around 2 million tons of various types of plastics and plastic raw materials which represents only 30% of market needs.
The remaining demand is satisfied through the import of 6 million tons of plastics raw material from international suppliers.
Egypt’s plastics exports reached $1.5 billion in the financial year 2023, driving increased investments and international partnerships. This aligns with the government’s dedication to advancing the plastics and rubber industry, solidifying Egypt as a major investment hub for the plastics industry.
EGYPT MARKET OVERVIEW
Egypt plastics consumption per capita is 19.3 kg. 70% of the production imported from other countries
Local plastic processors consume more than 2.5 million metric ton of material.
Egypt witnesses 10% increase in plastics demand annually attracting USD 7.2 billion in investments with USD 198 billion production capacity
Egypt is said to be the 4th largest plastic good producer in the world
Egypt’s engineering plastics market is estimated to reach USD 858 million in 2026
Currently, Egypt produces more than 1.5 million metric ton of plastics raw materials per year