by Malaysia corrugated packaging market provides lightweight and cost-effective packaging solutions to various end-use industries including food & beverages, electronics, personal care, retail, pharmaceuticals and others. Corrugated cardboard boxes provide durability, cushioning and protection to products during storage and transportation. They can also be customized as per customers’ requirements in terms of size, shapes and printing designs. The growing e-commerce industry in Malaysia has significantly boosted the demand for corrugated packaging in recent years.
The Global Corrugated Packaging Market Size 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 – Key players operating in the Malaysia corrugated packaging market are Sarnti Packaging Co., Ltd., Toppan Printing Co., Ltd., Bobst Group SA, SCG PACKAGING., Huhtamaki Group and Among Others.
Key opportunities – Growing popularity of eco-friendly corrugated packaging and increasing demand from online shopping are expected to present lucrative opportunities for market players over the forecast period.
Global expansion – Leading corrugated packaging manufacturers are expanding their footprint in Malaysia through acquisitions and greenfield projects to cater to the rising demand in the country.
Market drivers – The remarkable growth of the e-commerce industry in Malaysia driven by increasing internet and smartphone penetration is a major growth driver for the corrugated packaging market. The thriving e-commerce sector requires robust corrugated packaging solutions for safe delivery of products.
PEST Analysis
Political: The Malaysia government’s policies regarding encouragement of local manufacturing and reduction of dependency on imports supports the growth of the corrugated packaging market in the country.
Economic: Strong GDP growth in Malaysia as well as growth in end-use industries such as food and beverages, personal care and homecare augurs well for the demand for corrugated packaging.
Social: Changes in lifestyle and consumption patterns in Malaysia are driving the demand for packaged and processed food and other consumer products, fueling market growth.
Technological: Adoption of advanced printing, coating and lamination technologies by packaging manufacturers enhance product differentiation and improves production efficiency.
The corrugated packaging market in Malaysia is concentrated majorly in the western region. The states of Selangor, Johor, Penang and Malacca account for a bulk of the market value owing to a higher concentration of food and beverages industries, e-commerce hubs and logistics centers.
The eastern region of Malaysia comprising states such as Sabah and Sarawak is witnessing rapid market growth. This can be attributed to expansion of industries, growing population and rising disposable incomes in these states. The increased investments to strengthen infrastructure and supply chain networks in East Malaysia are boosting the availability and uptake of corrugated packaging solutions.
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?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
