Egypt Alcoholic Beverage Packaging Market Outlook

the outlook for the egypt alcoholic beverage packaging market remains optimistic, despite the increasing government regulations in recent years. different government regulatory measures, such as taxation on alcohol and increased bureaucracy, have limited the ease of doing business in the country. the biggest challenge in the egyptian alcoholic beverage packaging market is the high cost of production due to the significant amount of resources required. packaging costs are also high due to the cost of materials required. as a result, consumer prices are also high, making it difficult for alcohol companies to competitively price their products. the introduction of pet preforms and bottles has increased competition in the market. the pet materials are cost effective and prevent counterfeiting resulting in increased demand for their use. increasing penetration of digital technologies such as qr codes and near-field communication (nfc) have also been adopted in various consumer applications and will be important to enhance product visibility and security. the government has implemented an excise duty for alcoholic products to discourage reliance upon such products. although this regulation has limited potential market growth, a favorable regulatory environment coupled with an increase in the number of product promotions and advertising has boosted the demand for these beverages. the egyptian alcoholic beverage packaging market is set to witness an increased demand from emerging markets such as saudi arabia and the uae. the influx of foreign workers in these countries has resulted in a significant demand for these products from these consumers. moreover, a direct and indirect tax imposed from europe has resulted in an increase in the demand for local alcoholic beverages. in conclusion, the outlook for the egyptian alcoholic beverage packaging market remains optimistic. increasing governmental regulations can cause some short-term hindrance, however long-term prospects remain positive due to the presence of a favorable regulatory and tax environment. further, the influx of foreign workers coupled with the demand for local alcohol products has driven the growth of the market.