The plastics and rubber market in Libya has experienced notable developments in recent years, reflecting both growth and challenges across various segments. With an ambitious vision to nationalize the industry to cater to the needs of the local markets, the Libyan government has allocated special industrial zones to establish plants and factories to cover several strategic industries, giving investors in plastics and packaging special benefits including incentives, exemptions, and government support to start investing immediately in these zones to establish an industrial basis for these sectors to serve mainly the local market and surrounding African countries as well.

In 2023, the Libyan plastics in primary forms market was valued at approximately $755 million, marking a 6% increase from the previous year. This growth indicates a modest expansion over the past decade, despite fluctuations during the period.

Libya imports a significant portion of its plastic products. Key suppliers include Italy, China, Turkey, Egypt, and France, collectively accounting for a substantial share of total imports. The average import price for plastics in primary forms remained relatively stable in 2023.

Opportunities for expansion in the local plastics market are great, taking into consideration the increasing demand, thanks to the rise of the middle class, current building and construction projects, and annual growth in consumer behavior.