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How big is the Egypt Masterbatch market?
According to MarkNtel Advisors study, The Egypt Masterbatch Market size is projected to grow at a CAGR of around 19.99% during the forecast period, i.e., 2024-30.
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Egypt Masterbatch Market Trend:
Expanding Incorporation of Plastics in Agricultural Components – Agriculture has been one of the prime occupations for the residents of Egypt. According to the Worldbank data in 2019, approximately 24% of the country’s population worked in agriculture & 11% of the economy’s revenue came from agriculture. The agriculture sector requires various plastic-made appliances such as agricultural pipes, greenhouse poly films, mulch films, Agri low tunnels, etc. Thus, manufacturing these products has augmented the need for masterbatch in the country during the historical period. Further, the surging initiatives & investments by the government for agricultural expansion have necessitated new irrigation techniques & farming methods. This aspect is likely to elevate the demand for agricultural pipes, greenhouse covering, mulch films, etc., facilitating a considerable masterbatch production. For instance,
In 2021, the Egypt government announced to boost agricultural production by 30% by 2024 & increase the gross domestic product contribution of its agriculture sector to 12% by 2024.
Leading Companies in the Egypt Masterbatch market:
- Ascom Carbonate and Chemicals Manufacturing (ACCM)
- El-Mostafa Master Batch
- Elsewedy Egyplast
- Gabriel-Chemie Group
- Integrated Color System for Master Batch (ICS)
- Memco Plast
- MicroMB (INDEVCO Group)
- New Delta Plastic
- Perfecto Plast
- Sacom Plast
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Egypt Masterbatch Market Segmentation:
By Type
- Black
- White
- Colour
- Additive
Among all, Color masterbatches have acquired a sizable share of the Egypt Masterbatch Market. They are being increasingly utilized for manufacturing plastic kitchenware, multilayer bottles, boxes, etc.
By Application
- Film Extrusion
- Injection Moulding
- Blow Moulding
- Roto Moulding
- Others (Pipe extrusion, multifilament etc.)
By End Users
- Automotive
- Packaging
- Consumer Goods
- Agriculture
- Construction
- Retail
By Process
- Extrusion
- Modelling
By Resins
- Polyethylene
- Polystyrene
- Others (Polypropylene, Polycarbonate etc.)
Regional/ Countries Insight:
- East
- West
Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.
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About MarkNtel Advisors:
MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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