Egypt Plastic Recycling Market to Grow with a CAGR of 3.70% through 2030
Rising demand from key industries and a surge in
environmental awareness and global sustainability is expected to drive the
Egypt Plastic Recycling market in the forecast period 2026-2030.
According to
TechSci Research report, “Egypt Plastic Recycling Market - By Region, Competition, Forecast & Opportunities, 2030F”, the Egypt Plastic
Recycling Market stood at USD 380.25 Million in 2024 and is anticipated to grow
with a CAGR of 3.70% through 2030. The
plastic recycling market in Egypt has witnessed a notable transformation in
recent years, driven by various factors such as increasing environmental
concerns, government support, and the demand for sustainable materials across
key industries. As the country seeks to address its growing waste management
challenges while contributing to global sustainability goals, the plastic
recycling sector has emerged as a critical player in both the economy and the
environmental landscape.
The
Egyptian government has shown a clear commitment to improving waste management
systems and promoting sustainability. This has created a favorable environment
for investments in recycling technologies and infrastructure. With a focus on
reducing plastic waste and increasing recycling rates, Egypt is striving to
boost its circular economy, offering businesses and consumers eco-friendly
alternatives to traditional plastic products.
The demand for recycled plastic is being increasingly driven by various industries, including packaging, automotive, construction, and textiles. The packaging sector is particularly significant, as companies in this industry are heavily investing in recycled plastic as a cost-effective and sustainable alternative to virgin plastic. Recycled plastics are being used in a range of products, including bottles, containers, and packaging films.
Similarly, the automotive industry is also adopting recycled plastics in the production of vehicle components such as dashboards, bumpers, and interior panels. The construction industry is using recycled plastic in the manufacturing of building materials, such as roofing tiles and insulation. These industries’ increasing reliance on recycled plastics has been a major driver of growth in the Egyptian plastic recycling market, creating new opportunities for businesses engaged in recycling and waste management.
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The Egypt Plastic
Recycling Market is segmented into type, source, method, end-user, regional distribution,
and company.
Based on Type, Polyethylene
Terephthalate (PET) have emerged as the dominating segment in the Egypt Plastic
Recycling Market in 2024. PET is widely used in the production of bottles,
containers, and packaging materials due to its strength, durability, and
clarity. As Egypt’s packaging industry grows, especially in the food and
beverage sector, the demand for PET products increases, leading to more PET
waste being generated and recycled. PET is one of the most recyclable plastics
available, which makes it highly attractive in the recycling industry. It can
be reused multiple times without degrading its quality significantly. This has
driven the adoption of PET recycling programs in Egypt, where sustainability
efforts are gaining more attention.
Based on Region,
Cairo has emerged as the fastest growing region in the Egypt Plastic Recycling
Market in 2024. Cairo's strategic location within the country, coupled with its
proximity to major ports like Alexandria, makes it a key player in the export
of recycled plastic products to international markets. This not only boosts
local recycling efforts but also strengthens Cairo's position as a hub for
plastic recycling. As awareness around sustainability increases, businesses in
Cairo, particularly those in consumer goods and manufacturing, are increasingly
adopting recycling initiatives. The rise in corporate social responsibility
(CSR) efforts by companies based in Cairo also contributes to the region’s
dominance in plastic recycling.
Major companies
operating in Egypt Plastic Recycling Market are:
- BASF SE
- Suez SA
- Veolia Environnement S.A.
- GMS Group for
Plastic Recycling
- Outgreens Egypt
- COSMOSPLAST
MIDDLE EAST
- National
Environmental Recycling Company (Tadweeer)
- Bekia Egypt
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“Technological
advancements have also been a key factor in the growth of the plastic recycling
market in Egypt. Innovations in recycling technologies, such as improved
sorting, cleaning, and processing systems, have made it easier to recycle
plastic waste more efficiently. Mechanical recycling technologies have been
enhanced, allowing for the recovery of a greater variety of plastic materials.
These advances help increase the quality and purity of recycled plastics,
making them suitable for use in a wider range of applications”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Egypt Plastic Recycling
Market By Type (Polyethylene
Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride
(PVC), Polystyrene (PS) and Others), By Source (Bottles, Films, Fibers, Foams,
and Others), By Method (Zeolites,
Metals, Additives and Chemical Compounds), By End-User (Packaging, Building
& Construction, Textile, Automotive, Electrical & Electronics, and
Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of Egypt Plastic Recycling Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Egypt Plastic Recycling Market.
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