Malaysia corrugated packaging is used extensively for providing protection to goods during storage and transportation. It is made up of a fluted corrugated paperboard which is lined with a solid paperboard on both sides. This sandwiched structure provides high strength and durability. Corrugated packaging offers benefits like lightweight, recyclable, customizable shapes and sizes at affordable costs. It is widely used for packaging of consumer goods, food and beverages, electronics, agricultural produce, pharmaceutical products and several industrial applications. The growth of e-commerce has accelerated the demand for corrugated boxes and protective packaging.
The Global Malaysia Corrugated Packaging Market is estimated to be valued at US$ 1.00 Bn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Malaysia corrugated packaging are Sarnti Packaging Co., Ltd., Toppan Printing Co., Ltd., Bobst Group SA, SCG PACKAGING., Huhtamaki Group and Among Others.
The growing demand from the food and beverage industry along with increasing penetration of e-commerce is anticipated to drive the consumption of corrugated packaging in Malaysia. Corrugated boxes provide robust protection to food items during transportation and warehousing.
Technological advancements like development of moisture resistant and anti-microbial corrugated boards have augmented the applications of corrugated packaging. Advanced printing capabilities allow customization of packaging according to brand identity and product application.
Market Trends
Increasing focus on sustainable packaging- Manufacturers are developing corrugated packaging products from recycled content or using environment friendly inks and adhesives. This boosts the 'green' image of brands.
Emphasis on protective properties- Advancements are being made to enhance cushioning, insulation and barrier properties of corrugated packaging. Water resistant, puncture proof and shock absorbent varieties are gaining popularity.
Market Opportunities
Growth in logistics and e-commerce sectors- Expanding logistics infrastructure and rising e-commerce sales will propel the demand for corrugated boxes for safe transportation and warehouse storage.
Shift towards flexible packaging- Development of customized, printable and rigid corrugated packaging solutions with click-lock joints presents opportunity to replace conventional plastic and foam packaging.
Impact of COVID-19 on Malaysia Corrugated Packaging Market
The COVID-19 pandemic has significantly impacted the growth of Malaysia corrugated packaging market. During pre-COVID times, the market was growing at a healthy rate owing to increasing exports of various commodities from the country and strong demand from e-commerce and food and beverage sectors. However, the imposition of lockdowns and restrictions on business operations worldwide brought the market to a standstill in 2020. Closures of manufacturing facilities reduced the demand for corrugated packaging from key end-use industries. International trade was disrupted leading to falling exports, adding further pressure on packaging companies in Malaysia.
However, with mass vaccination drives and easing of lockdowns globally, the market has started recovering from 2021 onwards. Rising online shopping during the pandemic has boosted the packaging demand from e-commerce sector. Also, increasing focus on hygiene packaging elevated the need for corrugated boxes from food and pharma industries. Both domestic consumption and international trade are expected to rebound strongly in post-COVID times. This will drive higher utilization of corrugated packaging in Malaysia. Manufacturers are exploring new markets and strengthening supply chains to deal with future uncertainties. Adopting advanced printing and automated production technologies will help improve efficiencies. Sustainable packaging solutions focusing on recycling and reuse are also gaining attention.
Malaysia Corrugated Packaging Market's Concentration in Geographical Regions
In terms of value, the Malaysia corrugated packaging market is highly concentrated in the western region, led by the state of Selangor. It accounts for over 35% share due to presence of large manufacturing and export hubs around Kuala Lumpur. Growing e-commerce and industrialization has boosted packaging demand from here.
The eastern region, comprising states of Johor, Pahang and Kelantan, is the second largest market. Proximity to Singapore and thriving manufacturing sector centered around Johor Bahru has elevated the consumption of corrugated boxes from here. Industrial parks and special economic zones attract major investments, benefitting the packaging industry.
Fastest Growing Region for Malaysia Corrugated Packaging Market
The central region of Malaysia comprising states of Negeri Sembilan, Malacca and federal territory of Putrajaya has emerged as the fastest growing market for corrugated packaging over the past five years. Major infrastructure projects, expanding ports, rapid urbanization and growth in food processing and electronics assembly are driving higher demand from this region. Initiatives to promote manufacturing and exports through central region economic corridor (CREC) are opening new opportunities. Favorable government policies and comparatively lower operating costs compared to western region are attracting industries to set up new facilities here. This is expected to accelerate packaging demand from the central region in the coming years, making it the fastest expanding market within Malaysia.
What Are The Key Data Covered In This Malaysia Corrugated Packaging Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Malaysia Corrugated Packaging Market's growth between 2024 and 2031.
:- Accurate calculation of the size of the Malaysia Corrugated Packaging Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Malaysia Corrugated Packaging Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Malaysia Corrugated Packaging Market vendors
FAQ’S
Q.1 What are the main factors influencing the Malaysia Corrugated Packaging market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Malaysia Corrugated Packaging Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Malaysia Corrugated Packaging market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
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