Egypt
Plastic Recycling market is anticipated to grow significantly in the projected
period of 2028, driven by the country's increasing awareness of the negative
impact of plastic waste on the environment and the economy.
The plastic recycling market in Egypt is about the high
volume of plastic waste generated in the country. The Ministry of Environment
estimates that Egypt produces around 20 million tons of solid waste per year,
of which about 12% is plastic waste. However, only a small percentage of
this plastic waste is currently being recycled, which presents a significant
opportunity for growth in the recycling industry.
However, the challenges need to be addressed to fully
realize the potential of the plastic recycling market in Egypt. These include
issues such as the lack of infrastructure and resources for waste collection
and management, along with the need for more effective policies and regulations
to support the recycling industry.
Increasing Awareness of the Negative Impact of Plastic
Waste is a Factor Driving the Market Growth
The increasing awareness of the negative impact of
plastic waste on the environment has had a significant impact on the plastic recycling
market in Egypt. As people become more aware of the negative impact of plastic
waste, there is a growing demand for sustainable solutions, such as recycled
plastic. This has led to an increase in the demand for recycled plastic products
in Egypt. It is estimated that annually 4 thousand to 1 million people die due
to illnesses and diseases linked to the garbage that is dumped or burnt in the
open environment.
To tackle such events, the Egyptian government has
launched initiatives to encourage the use of recycled plastic in various
industries, such as the automotive and construction industries. In addition, to
support the plastic recycling industry, the government has launched different
policies that include a ban on the importation of plastic waste and incentives
for the use of recycled plastic in various industries. These efforts have
helped to create a more favorable environment for plastic recycling companies
in Egypt. Along with government initiatives, the increasing awareness of the negative
impact of plastic waste has led to the establishment of new plastic recycling
companies or institutions by private players in Egypt. For example, the
Egyptian government signed a memorandum of understanding with the waste
management company Veolia to establish a plastic recycling plant in the
country. NGOs and government organizations in Egypt are running public
awareness campaigns to educate people about the importance of recycling plastic
waste. This has led to an increase in the number of people who are separating
their plastic waste for recycling.
The increased recycling of the plastic waste in Egypt
has led to a reduction in the amount of plastic waste that ends up in
landfills. This has positive environmental impacts, as plastic waste can take
hundreds of years to decompose and can leach harmful chemicals into the soil
and water. According to the government report, Egypt currently collects 6% of
the plastic waste and recycles very less of its plastic waste but aims to increase
this to 20% of total waste created by people, by 2023. Hence, all these efforts
by the government, private institutions, & people are creating opportunities
& propelling Egypt Plastic Recycling market growth.
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The Rising Demand from Packaging Sector in Egypt is the
Key Reason Driving the Market Demand
Packaging is an essential part of marketing and a
factor that affects consumer perception of the products. It protects the
products from damage, contamination, and spoilage during transportation and
storage. The packaging sector is a major consumer of plastic due to its easy availability,
lower price than the alternative, and same properties as raw plastic. Globally,
the rising need and demand for sustainable development are pushing companies in
this sector to use recycled plastic in their products, thereby growing the
demand for recycled plastic in Egypt.
The increasing demand for recycled plastic from the
packaging sector has led to the establishment of new plastic recycling companies
in Egypt. These companies are investing in new technologies and processes to
increase the amount of recycled plastic they can produce. For example, TileGreen factory, the Egyptian company is targeting to recycle
more than 5 billion plastic bags into tiles tougher than cement extracted from the
Mediterranean Sea till 2025. These initiatives help lower the presence of waste
plastic in waterbodies and provide substantial alternatives to cement.
The increased use of recycled plastic in the packaging
sector has a positive environmental impact, as it reduces the amount of plastic
waste that ends up in landfills and natural environment. This helps to conserve
natural resources, reduce greenhouse gas emissions, and protect wildlife. For
example, the use of recycled plastic in packaging can reduce greenhouse gas
emissions by up to 50% compared to using virgin plastic. Apart from the environmental
benefits, the growing demand for recycled plastic from the packaging sector is
also creating economic benefits for Egypt. The plastic recycling industry is
providing new jobs and investment opportunities, and the use of recycled
plastic in products can reduce the cost of raw materials for manufacturers. Therefore,
the growing demand for recycled plastic from the packaging sector has had a
substantial effect on the plastic recycling market in Egypt.
Favorable Government Policies and Initiatives in Egypt Pushing
the Market Growth
Many countries are facing significant environmental
challenges like Egypt, due to the large amounts of plastic waste produced by
its citizens. However, in recent years, the government has implemented policies
and initiatives aimed at reducing plastic waste and promoting plastic recycling
in the country.
The key government policy driving the demand for
plastic recycling in Egypt is the introduction of plastic bag ban in 2017. The
ban prohibits the import, production, and distribution of plastic bags with a
thickness of less than 0.025mm. This policy has had a significant impact on
reducing plastic waste in the country, as plastic bags were one of the primary
sources of plastic pollution. As a result, demand for plastic recycling
services has increased. In addition, the government's focus on promoting a
circular economy has contributed to the growth of the plastic recycling market
in Egypt. Circular Economy is an economic model that aims to minimize waste and
promote the sustainable use of resources. The Egyptian government has
recognized the importance of this model and has taken steps to promote it,
including the establishment of the National Solid Waste Management Programme
(NSWMP). The NSWMP is responsible for developing and implementing policies
aimed at promoting circular economy and reducing waste in Egypt.
The government has also implemented a range of
financial incentives aimed at encouraging businesses to recycle their plastic
waste. For example, the government provides tax breaks and other financial
incentives to companies that invest in plastic recycling facilities or use
recycled plastic in their products. This has encouraged more companies to enter
the plastic recycling market and has ultimately increased demand for plastic
recycling services in the country.
In addition to these policies, the Egyptian government
has also taken steps to improve the infrastructure for plastic recycling. This
includes investing in new recycling facilities and equipment, improving the
collection and sorting of plastic waste, and promoting public awareness about
the importance of plastic recycling. These efforts have contributed to the
growth of the plastic recycling market in Egypt and have made it easier for
businesses and individuals to recycle their plastic waste. Therefore, it is expected
that the demand for recycled plastic in Egypt is going to rise due to the supportive
government policy.
Recent Development
- In April 2021, the leading companies
working in Egypt, including Unilever, L'Oréal, and Henkel, signed a new Charter
for Recycling Plastic Waste. The charter aims to reconceptualize plastic waste
as a valuable resource and promote circular economy principles. The charter
also commits the signatories to collect plastic waste from their products,
support recycling initiatives, raise awareness among consumers and
stakeholders, and adhere to environmental standards and regulations.
Market Segmentation
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. Based on source, the market is divided into
bottles, films, fibers, foams, and others. Based on method, the market
is divided into zeolites, metals, additives, and chemical compounds. Based on the end-user, the market is divided into packaging,
building & construction, textile, automotive, electrical & electronics,
and others.
Company Profiles
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), and Bekia Egypt are some of the key players of Egypt plastic recycling market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in tons, and CAGR
for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast,
volume forecasting, Company shares, competitive landscape, growth factors,
and trends
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Segments Covered
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Type
Source
Method
End User
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Country scope
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Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and the Rest of Egypt
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Key companies profiled
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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), and Bekia Egypt
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, Egypt Plastic Recycling market has been
segmented into the following categories, in addition to the industry trends, which
have also been detailed below:
- Egypt Plastic
Recycling Market, By Type:
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Others
- Egypt Plastic
Recycling Market, By Source:
- Bottles
- Films
- Fibers
- Foams
- Others
- Egypt Plastic Recycling Market, By Method:
- Zeolites
- Metals
- Additives
- Chemical Compounds
- Egypt Plastic Recycling Market, By End User:
- Packaging
- Building & Construction
- Textile
- Automotive
- Electrical & Electronics
- Others
- Egypt Plastic Recycling Market, By Region:
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
- Rest of Egypt
Competitive landscape
Company Profiles: Detailed analysis of the major companies in Egypt
Plastic Recycling market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
- Detailed analysis and profiling of additional market
players (up to five).
Egypt Plastic Recycling Market is an
upcoming report to be released soon. If you wish for an early delivery of this report
or want to confirm the date of release, please contact us at [email protected]