Egypt imports about $228.2 million worth of sugar and sugar products. and more than $530 million in coffee, tea, spices, and opiates. The project contributes to replacing Egypt’s need for imported foodstuffs . Especially as Egypt looks to boost its non-oil economy.
What is a food packaging plant?
The factory’s services include food packaging: (sugar, rice, pasta, lentils, lentils, beans, spices, condiments). Packaging operations contribute to saving foodstuffs from being damaged due to transportation, storage, or erosion. The project is considered one of the vital projects in the field of industrial investment.
In 2020, the food packaging market About 323.81 billion U.S. dollars. The market recovered after the coronavirus crisis to reach $338.34 billion by the end of 2021. By 2028, the market is expected to reach USD 478.18 billion at a CAGR of 5.1% during the period (2021-2028): 2028).
mashroo3k recommends investing. in a food packaging factory. It is among the most successful projects that generate huge profits. Here are some data points of interest to investors:
Egypt produces about 4604 thousand tons of rice.
Egypt’s total bean production is 139,000 tons.
Egypt’s total grain imports amounted to USD 4.9 billion, with an average annual growth rate of 3% during the period between (2017 2021).
Egypt imports about 228.2 million dollars worth of sugar and sugar products.
Egypt imports $531.3 million worth of coffee, tea, spices and condiments.
