Even though most of the countries in the Middle East region have banned alcohol sales, the sales are booming. Sporting events in the region have pushed countries dependent on alcohol sales. Stable economy and reducing taboo related to alcohol consumption has spurred up the demand for these products and in turn augmenting the need for efficient packaging solutions. Egypt market was $XX.XX billion USD in 2014 and is estimated to reach $XX.XX billion by 2020 at a CAGR of XX.XX%
Increase in consumer spending towards recreational activities and growth in social acceptance has led to sustained increase in the demand for alcoholic drink products impacting the packaging market. Packaging has played an important role, with wide range of offerings by alcoholic drink manufacturers contributing to the market growth. Glass is the major material used for packaging, apart from metal cans and PET bottles.
The social class difference like that of between, upper middle class, middle class, rural population consumption patterns are drive the demand of packaging solutions. The demand for packaging solutions for different alcoholic drinks like wine, whiskey, beer, vodka and others will continue to witness growth in near future. The robust retail market and improving economic activity will drive the alcoholic drinks packaging market.