Egypt’s imports of plastic household items are expected to reach USD 4.28 billion. by 2028. This makes investing in Plastic Housewares Factory in Egyptrepresents a promising investment opportunity with the best profit return, in accordance with Egypt’s 2030 vision to boost the national economy.
What is a plastic housewares factory?
The Plastic Housewares Factory produces pots, containers, colanders, plates, bowls and cups. and packages. The plastic housewares factory utilizes the latest manufacturing technology. The plastic housewares industry is one of the most promising industries with an attractive investment environment during the coming period in the Arab Republic of Egypt.
In 2020, the value of the global plastics market 579.7 billion dollars. At the end of 2021, this value increased to $593 billion. The market is expected to expand at a CAGR of 3.4% over the coming years to reach a value of Global Plastics Market and its revenue in 2028 to 750.1 billion dollars.
At the end of 2020, Egypt imported $2.97 billion worth of plastics and plastics and their manufactures. By 2028, Egypt’s imports of plastic household items are expected to reach $4.28 billion. The average annual growth in Egypt’s imports of plastics and plastics is estimated at 5.8%.
For more details on the latest economic sector indicators and investment opportunities in Egypt, click here. The most prominent funding organizations supporting successful investment projects in Egypt. You can get in touch with the investor service team from Mashroo3k Consulting.
