Investing in a plastic packaging factory in Yemen represents a promising investment opportunity in 2022, particularly in light of Yemen’s Vision 2030, which aims to advance the national economy, enhance economic stability, and position itself among global economies.
What is a plastic packaging factory?
The plastic packaging factory produces plastic containers in which many things are kept, such as: Juices, water, and cooking oils, and mineral oils, Industrial detergents, etc. The project will produce these packages in different sizes, so it will be able to capture its share of the target market.
At the end of 2021, The value reached Global plastic packaging market About US$361.7 billion, It is expected to grow. The global plastic packaging market is projected to grow at a CAGR of 4.2% during the period (2021-2028), reaching a market value of USD 486.2 billion by the end of 2028.
Mashroo3k Consulting Company confirms that this project will be among the most successful investments in Yemen, due to the following:
In 2015, Yemen imported approximately $208 million worth of plastics and related products. Yemen’s imports of these products increased in 2021 to $591.6 billion, with the market achieving an average annual growth rate of 22% between 2015 and 2021.
_ In 2026 AD, Yemen’s imports of plastics and related products are expected to reach US$973.8 million.
For more details on the latest economic indicators and investment opportunities in Yemen, as well as the most prominent funding agencies supporting successful investment projects in the country, you can contact the investor services team at Mashroo3k Consulting.
