EGYPT POLYETHYLENE TEREPHTHALATE (PET) MARKET

Egypt Polyethylene Terephthalate (PET) Market is projected to grow at a CAGR of 5.5% driven by the rising demand for packaged goods particularly in plastic bottles.

Major Market Drivers and Emerging Trends

Market growth is largely fueled by the increasing need for PET bottles especially in the beverage packaging industries. With shifts in beverage consumption patterns along with a booming tourism sector and higher incomes the demand for packaged products has surged which increases the need for PET bottles.

PET is favored for packaging owing to its lightweight qualities. PET bottles are also food grade and resistant to leaching while also being recyclable which makes them an environmentally responsible choice. Rising demand for packaged goods alongside the expansion of the beverage sector is thereby fueling market size growth.

In Egypt the demand for bottled water is surging driven by greater health concern and an expanding tourism sector that boosts the need for safe drinking water. It can also be attributed to the limited access to safe tap water in numerous regions which forces individuals and businesses to depend on bottled water as a safer drinking option. Urbanization and changing consumer preferences for healthier and more convenient hydration options are further fueling the need for PET bottles.

The market is also supported by the growing delivery services as more consumers prefer to order beverages via mobile applications for convenience. This is further driving the demand for PET packaging as it helps preserve product freshness during delivery.

Another key factor driving market growth is the growing ecommerce in the country. The increasing internet users in Egypt in the last ten years has been fueled by the widespread smartphone applications for online connectivity. With a 72.2% of internet penetration rate in early 2024 Egypt demonstrates a significant shift toward online platforms for commercial activities and communication. The increased internet access has made online shopping more convenient for consumers which significantly boosts the ecommerce platforms growth in various industries. Affordable data plans and smartphones have also made it easier for the younger generation to access online shopping.

The surge in online shopping is thereby driving the rising need for PET materials to protect products throughout the shipping process. The plastic is a transparent material that is lighter and stronger than glass. It also resists germs and damage from moisture. PET plastic is ideal for product packaging and it is becoming increasingly popular because it is easy to transport.

Growing interest in sustainability is also contributing to Egypt Polyethylene Terephthalate (PET) Market size growth. PET is completely recyclable and can be endlessly recovered which ensures it never has to end up as waste in landfills. It can be recycled countless times because it maintains its performance with minimal degradation. More businesses are acknowledging this as they make the sustainable choice by incorporating more recycled PET into their products or packaging.

However the market is struggling with the rising raw material costs which are directly influenced by global crude oil price fluctuations. The market is also challenged by inadequate recycling infrastructure that restricts the recycling of PET products and exacerbates environmental issues.

Based on type, PET can be divided into virgin and recycled categories. Virgin resin is produced through the polymerization of MEG and PTA which results in consistent chemical or physical properties along with high purity. Recycled resin is primarily derived from used PET. The resin quality can be influenced by the raw material sources and the recycling process. Including additives or modifiers in producing recycled PET flakes can significantly improve their performance.

Based on application the packaging segment dominates the market. PET is a highly adaptable material that can be molded into various shapes and sizes. It offers versatile packaging and design options. This versatility makes it an ideal material for numerous packaging applications as it serves various industries and product types. Its durability is a key factor in maintaining product quality throughout transport and storage.

Top Market Players

Key players in the market include Master PET, Aquah Group, ALPLA Group among others. These companies are strengthening their position through strategies including product development along with acquisitions. Several major companies are also actively engaging in trade shows to expand their customer base.

Key Developments

• • In 2024, MDC and Nile Recycling Company entered into a partnership to recycle PET within the Sokhna integrated industrial area situated in the SCZone.

Segments covered in the Report:

Egypt Polyethylene Terephthalate (PET) Market has been segmented on the basis of Type, Application. Based on the Type, the market is segmented into Virgin and Recycled. Based on the Application, the market is segmented into Packaging, Automotive, Construction, Medical, and Others.

Market Segmentation

Egypt Polyethylene Terephthalate (PET) Market by Type

• • Virgin
  • Recycled

Egypt Polyethylene Terephthalate (PET) Market by Application

• • Packaging
  • Automotive
  • Construction
  • Medical
  • Others

Egypt Polyethylene Terephthalate (PET) Market Leading players

• • Master PET
  • Aquah Group
  • ALPLA Group