Egypt is the largest industrial base in the MENA region and the plastics industry in particular, is growing steadily and becoming increasingly modernised.
With its 100+ million population, 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.
Investments in the plastics industry in Egypt in 2016 was $7.8 bn, growth will remain in line with the average for Africa. It is expected to accelerate up to 7.4% per year, which will push consumption up towards 2.8 million tonnes by 2022.
Egypt’s plastics market consists of 65% imports and 35% domestics resources
The Egyptian Government aims to invest $17 bn to develop 24 petrochemical projects in the region
The MENA region is gearing to set a 70,000 t/y formaldehyde plant, 250,000 t/y propylene facility, and 300,000 t/y polystyrene capacity in the Region
524,000 people are employed in the plastics industry in Egypt
The MENA region’s plastics industry total market volume is $4 bn