Egypt Dairy Packaging Market 2021 Expected with Huge Growth and Growth Prediction – Tetra Pak Egypt, Huhtamaki Flexibles Egypt, Mipco Plast

The Market Insights Reports has added a new statistical data to its repository titled as, Egypt Dairy Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.

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 are Elif Global Packaging EGYPT, Elhossam Pack, Tetra Pak Egypt, Huhtamaki Flexibles Egypt, Mipco Plast, Jokey Egypt For Plastic Packaging Industries S. A. E., and others. 

Industry News and Update:

– 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.

Key Market Trends:

Plastic Material is Expected to Hold a Significant Share Throughout the Forecast Period

– Plastic bottles in the country contribute more than 50% of the milk packaging. The trend of on-the-go consumption, the convenience of the smooth pour, the appealing packaging quality, and health awareness showcased by drinkable dairies, like soy-based milk, have augmented the demand for plastic packaging.

– Nowadays, the primary factor behind expanding the sales of dairy products are the different forms of packaging available. Earlier, milk was available only in gable-top cartons. At present, milk has delivered in portable, brand-friendly plastic bottles, which is an attractive option for busy consumers.

– Some of the newest milk and drinkable dairy products, such as smoothies and yogurts, are presented in single-serve and sleek plastic bottles. The increasing adoption of skim milk powder among the young generations of the country is also contributing to the growth of the dairy packaging market in the coming years. The import of skim milk powder stands at 76.74 thousand tonnes in 2019 (according to OECD) and expected to reach 107.77 thousand tonnes in 2028.

– According to data released by OECD-FAO, the volume of cheese consumed in Egypt is likely to reach 734.04 thousand tonnes by 2028. Light weighting feature is expected to drive the use of plastics in cheese, as cheeses get transferred in bulk.  

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Highlights of TOC:

Market Overview: It starts with product overview and scope of the Egypt Dairy Packaging market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Dairy Packaging market size analysis for the review period 2015-2026.

Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Dairy Packaging market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.

Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.

Market Dynamics: Readers are provided with a comprehensive analysis of Dairy Packaging market challenges, influence factors, drivers, opportunities, and trends.

Market Forecast: Here, the Dairy Packaging report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.                              

Frequently Asked Questions about Dairy Packaging market:

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