Egypt Presents Attractive Business Opportunities For The Global Plastics Industry
The global plastics market volume stood at USD 586 billion in 2019 and is expected to register a compound annual growth rate of 5% by 2025, from which the MENA region market is estimated to reach over USD 80 billion by 2025, with Egypt holding a 17% share of MENA region’s plastic market.
Egypt has the largest polymer market in Africa, accounting for over 20% of demand in 2017.
Its polymer consumption is estimated at 2 million tonnes with per capita consumption of 21.8 kg/head.
Egypt depends on imports to meet the demand for plastics, such as polystyrene, polyvinyl chloride and polypropylene, however, the Egyptian government is now focusing majorly on increasing the domestic production of plastics, inviting foreign investments to expand domestic production by easing industrial policy measures. The increasing demand for plastics consumption and the emergence of new raw material sources have encouraged foreign investors making Egypt a major investment hub for the plastics industry.
Egypt’s international plastics exhibition, PLASTEX, now in its 18th edition, is an essential exhibition for established industry affiliates, as well as new firms targeting the Middle East and North Africa’s ever-growing exhibition markets.
Held under the patronage of the Ministry of Trade & Industry and supported by the Chamber of Chemical Industries, the Division of Plastics Industries and the Chemical & Fertilizers Exports Council, PLASTEX is taking place from 9 – 12 January 2022 in Cairo, Egypt, is the leading exhibition in the Middle East and North African region. The Show is a meeting point for plastics raw materials, machinery and equipment, recycling solutions and industry 4.0 technology providers to connect with leading manufacturers and distributors.
For more details: www.plastex-online.com
