Middle East Conflict Boosts Plastic Waste
The demand for plastic waste in Egypt has doubled due to the war in the Middle East and the impact of closing the Strait of Hormuz, leading to a surge in the prices of some recycled plastics by up to 60% and a 200% increase in demand. Egyptian factories, especially in the Mansheyah Nasser area, have implemented strategies to rely on locally recycled materials to compensate for the shortage of imported supplies and to meet the rising demand from packaging, food, and beverage companies. Additionally, the increased demand has prompted Egyptian companies to enter foreign markets, such as Brazil, despite the risks of price drops after shipping activity stabilizes, with factories often paying half of the purchase price upfront to ensure supply.
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