Pro
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | USD Million |
|---|---|
| 2018 | 221.88933548648896 USD Million |
| 2019 | 232.1799258325958 USD Million |
| 2020 | 243.03348864190207 USD Million |
| 2021 | 255.4390414540725 USD Million |
| 2022 | 268.47507533102487 USD Million |
| 2023 | 281.3685795890673 USD Million |
| 2024 | 296.68518090337943 USD Million |
| 2025 | 312.8322696180714 USD Million |
| 2026 | 329.8546685781759 USD Million |
| 2027 | 347.7996066704941 USD Million |
| 2028 | 365.48921565673226 USD Million |
| 2029 | 384.07437625476615 USD Million |
| 2030 | 403.6001782592061 USD Million |
| 2031 | 424.1139668177806 USD Million |
| 2032 | 445.6654543483196 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Egypt's beverage can market has been growing in recent years as the country's overall economy has strengthened and new consumers have emerged. Demand for beverages in the form of cans has increased due to convenience and increased affordability combined with the rise in the number of people living in cities. The trend to purchase packaged and canned products has been enhanced further by the influence of a younger population with increased purchasing power. The health benefits of canned beverages are an important factor as they offer convenience, a longer shelf life, and a variety of flavors. The introduction of beer in cans has also helped boost the demand. This has been further driven by the increasing disposable income as well as the expansion of informal sectors and the emergence of an emerging middle-class. Furthermore, private-label brands are promoting their products with promotions and price discounts, which are driving consumer demand. The most important driver for the trend of canned beverages in Egypt is the high cost of raw materials and packaging materials. Despite the fact that Middle Eastern countries are relatively expensive, the cost of aluminum cans is cheaper than the cost of glass bottles.
Additionally, because of the warmer climates in Egypt, canned beverages are highly favored compared to bottled ones as they are easier to store and carry. The government of Egypt has been introducing and encouraging policies to further promote the country’s beverage can market. To this end, tax exemptions, incentives, subsidies, and subsidies on the importations of raw materials have been introduced, helping to lower production costs. Furthermore, a number of initiatives have been launched to support local manufacturers and promote the growth of the local canning market. Overall, the beverage can market in Egypt is projected to continue experiencing growth in the coming years, with an upward trend in demand, given the wider economic outlook, expanding consumer base, the introduction of new products, and the increasing presence of brands. As a result, we can expect to see an increase in production activities in the coming years, with the introduction of more advanced technologies and an emphasis on higher quality, affordability, and convenience. The drivers for the market, such as the government policy initiatives, should ensure sustained growth in the long-term.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.