The packaging production industry is among the fastest-growing industries in Malaysia. Propelled by advancements in manufacturing, as well as the burgeoning e-commerce and logistics sectors, the Malaysian corrugated packaging industry has maintained a consistent growth trajectory. According to analysis, Malaysia hosts over 1,000 corrugated packaging manufacturers, and in 2023, the market size for Malaysian corrugated packaging was approximately US$ 597 million.
The production and sales of corrugated packaging are closely linked to the developments within the manufacturing and logistics industries. According to analysis, Malaysia's manufacturing sector continues to lead in Southeast Asia, showing a modest growth of 0.8% in 2023. Key expanding sectors within the industry include food, beverages and tobacco; and textiles, clothing, leather, and footwear. The evolution of these sectors has significantly spurred the growth of Malaysia's corrugated packaging industry.
Malaysia's strategic location and economic growth have also fueled the expansion of the logistics industry, with e-commerce playing a crucial role. Despite not being as large as Indonesia's or Thailand's, Malaysia's e-commerce market size is comparable to that of Vietnam and the Philippines. The COVID-19 pandemic further accelerated online shopping habits among Malaysian consumers.
In 2023, with more than 30 million active internet users, the GMV of Malaysia’s e-commerce sector reached US$ 13 billion. The boom in e-commerce has not only bolstered the express delivery industry but has also significantly enhanced the corrugated packaging industry in Malaysia.
According to analysis, the Malaysian corrugated packaging market is currently highly fragmented, with numerous local companies such as Mabuchi Package (M) Sdn Bhd, Biszon Flexipack Sdn Bhd, and Far East Corrugated Carton Industrial Sdn. Bhd. playing significant roles. Additionally, international firms like International Paper Packaging Malaysia Johor Sdn Bhd, Westrock Packaging Solutions (M) Sdn. Bhd., and Amcor PLC have established their presence through foreign investment or joint ventures.
Looking ahead, the analyst predicts that with ongoing population growth and economic development, the Malaysian corrugated packaging industry will continue to expand. By 2033, the market size is projected to reach US$ 1.39 billion, growing at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2033.
Topics covered:
- Overview of the corrugated packaging industry in Malaysia
- Economic environment and policy environment of corrugated packaging in Malaysia
- Malaysia’s corrugated packaging market size from 2019 to 2023
- Analysis of major Malaysian corrugated packaging manufacturers
- The main driving forces and market opportunities of Malaysia’s corrugated packaging industry
- What are the key drivers, challenges and opportunities for the Malaysian corrugated packaging industry during the forecast period 2024-2033?
- What is the expected revenue of the Malaysian corrugated packaging market during the forecast period 2024-2033?
- What strategies are adopted by the key players in the market to increase their market share in the industry?
- Which segment in the Malaysia corrugated packaging market is expected to dominate the market by 2033?
- Malaysia corrugated paper packaging market forecast 2024-2033
- What are the key headwinds facing the corrugated packaging industry in Malaysia?
Table of Contents
Companies Mentioned
- International Paper Packaging Malaysia Johor Sdn. Bhd.
- Westrock Packaging Solutions (M) Sdn. Bhd.
- Amcor PLC
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | May 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 650.19 Million |
| Forecasted Market Value ( USD | $ 1388.99 Million |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Malaysia |
| No. of Companies Mentioned | 3 |
