Egypt Plastic Recycling Market to be Dominated by Polyethylene Terephthalate (PET) Type Through 2028
Growing
demand from the packaging and electrical & electronics sector are factors driving
the Egypt Plastic Recycling Market
in the forecast period 2024-2028.
According to TechSci Research
report, “Egypt Plastic Recycling Market
- By Region, Competition, Forecast and
Opportunities, 2028”, Egypt plastic
recycling market is anticipated to increase at a substantial rate in the
forecast period. The
Egyptian plastic recycling market has witnessed many developments that aim to
address the environmental and social challenges posed by plastic waste.
According to the World Economic Forum, Cairo's informal waste collectors
(zabbaleen) are a distinctive part of the city's street culture and currently
collect 50-60% of its waste. They also recycle 80% of everything they
collect, making them a key player in the circular economy and making Egypt as
one of the prominent players in global order.
Despite the technological
advancements and favorable government policies, the Egyptian plastic recycling
market still faces some significant challenges that need to be addressed. The
lack of infrastructure and investment in recycling facilities and availability
of low cost of virgin plastic are the major factors hindering the market growth.
The cost of producing virgin plastic is often lower than the cost of recycling
plastic waste, making it difficult for recycling companies to compete with
virgin plastic producers. This can discourage investment in recycling
facilities and limit the growth of the recycling industry. Apart from these, illegal
dumping of plastic waste and unregulated recycling practices can be harmful to
the environment and undermine the efforts of legitimate recyclers due to lack
of stringent regulation on waste disposal.
Top of Form
Bottom
of Form
Hence, these factors are
creating significant impact on the market and impeding the Egypt Plastic
Recycling market growth in the forecasted period.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Egypt Plastic Recycling Market"
Egypt
Plastic Recycling market is segmented based on type, source, method, end user,
and region.
Based on the
type, the market is divided into Polyethylene Terephthalate (PET), Polyethylene
(PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), and
Others. The Polyethylene Terephthalate (PET) segment is
expected to hold the largest market share in the forecast period. Due to wide
use in various applications, such as food and beverage packaging, textile
fiber, and strapping, PET is dominating Egypt Plastic Recycling market. The high
demand from the food and beverage industry, which requires food-grade-certified
recycled materials, is driving the PET demand. PET recycling also helps to
reduce environmental pollution and conserve natural resources.
Based on source,
the market is divided into bottles, films, fibers, foams, and others. The films
segment is expected to hold the largest market share in the forecast period due
to its wide use in packaging applications in various industries such as food,
beverage, pharmaceutical, agriculture, consumer goods, and utility. Films from
recycled plastic offer the same advantages of raw plastic over other rigid
packaging materials such as lightweight, good barrier properties,
recyclability, and reusability. Recycled films are suitable for flexible
packaging, which is gaining popularity due to its convenience, functionality,
and sustainability. Hence, it provides the same product at lower price and
helps industries to lower their packaging cost or production cost.
Based on the
end-user, the market is divided into packaging, building & construction,
textile, automotive, electrical & electronics, and others. The packaging segment
is expected to hold the largest market share in the forecast period, owing
to the growing demand for recycled PET bottles from major international bottle
and food container makers and recycled-material fibre producers. According to a
report by EBRD, BariQ is the first recycled PET bottle-to-bottle manufacturer
in the southern and eastern Mediterranean region, and it recycles 1.6 million
bottles per year in Egypt.
Major
companies operating in the Egypt Plastic Recycling market are:
- BASF SE
- Suez SA
- Veolia Environnement S.A.
- Bariq
- GMS Group for Plastic Recycling
- Men Jadeed
- Outgreens Egypt
- COSMOSPLAST MIDDLE EAST
- National Environmental Recycling Company
(Tadweeer)
- Bekia Egypt
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
“The
increasing awareness of the negative impact of plastic waste has helped to
drive the growth of the plastic recycling market in Egypt, along with the increased
demand for recycled plastic, government support, industry growth, public
awareness campaigns, and a reduction in plastic waste in landfills. The increasing
awareness of the negative impact of plastic waste on the environment has led to
a significant increase in the demand for recycled plastic products in Egypt and
has helped to drive the growth of the plastic recycling market in the country. The
Plastic Recycling market in Egypt is expected to continue to grow in the coming
years as research and development in the field of Plastic Recycling’s continues
to advance,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global 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, 2018-2028F,
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.”
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com