Malaysia corrugated packaging refers to boxes, cartons, and containers manufactured from corrugated board which comprises of a wavy core made up of paper called fluted, and two flat outer layers called liners made up of paper. Corrugated packaging provides protection to goods from damage during transportation and storage. They are increasingly being used for the shipping of food, electronics, consumer goods, industrial goods and other items. Corrugated boxes are cost-effective, provide insulation and cushioning, are 100% recyclable and bio-degradable. The Malaysian corrugated packaging industry produces various types of boxes including set-up boxes, telescopic boxes, rigid boxes, folding carton boxes, and trays among others.
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 Malaysian Corrugated Packaging Are Sarnti Packaging Co., Ltd., Toppan Printing Co., Ltd., Bobst Group Sa, Scg Packaging., Huhtamaki Group And Among Others. Key players are focusing on expanding their production capacity and bringing advancements to their packaging solutions through automation and technology.
The growing popularity of e-commerce in Malaysia along with rising domestic consumption has contributed greatly to the increased demand for corrugated packaging products in the country. Packaged food and beverage industry has also witnessed steady growth helping bolster packaging usage.
With expanding global trade ties, many Malaysian corrugated packaging manufacturers are investing in new plants abroad targeting key export markets in Asia Pacific, Europe and the Middle East. Local players are also upgrading machinery and offering value-added services to gain a larger share of the export market.
Market Drivers
The rise of e-commerce industry in Malaysia has emerged as a key growth driver for corrugated packaging usage. E-commerce sales have grown exponentially in the past few years necessitating robust packaging for shipping multiple orders safely. Corrugated boxes support the logistical and protective needs of the online retail sector driving significant packaging demand.
The current geopolitical situation is impacting the growth of the Malaysia corrugated packaging market. As trade flows between countries change due to global tensions and supply chain issues arising from the pandemic, demand for corrugated packaging from key export industries in Malaysia like electronics and palm oil is experiencing fluctuations. While consumer demand for e-commerce continued to rise through the pandemic, strict lockdowns in key overseas export markets like China temporarily disrupted production. This affected orders for corrugated boxes and carton packaging from the manufacturing sector in Malaysia.
Looking ahead, players in the Malaysia corrugated packaging market will need to diversify their customer base geographically as well as in terms of industries served to mitigate risks from future geopolitical or economic uncertainties. Collaborating with logistics and transportation companies can help secure new customers by expanding reach into newer export hubs within the ASEAN region as well as the Indian subcontinent. Adopting sustainability initiatives around use of recycled fibers and renewable energy sources in operations will also strengthen credentials with conscious consumers and retailers globally. Investing in digitization of plant workflows and inventory management can enhance flexibility to ramp up or modify production on short notice based on changing demand patterns.
In terms of value, the Malaysia corrugated packaging market remains concentrated in the central region around Kuala Lumpur, which is a major manufacturing and logistics hub. Key industries like electronics, food processing and automotive components are headquartered here, driving steady demand from the packaging sector. Meanwhile, the northern states of Penang and Kedah that host industrial zones are emerging as the fastest growing market for corrugated packaging. This is attributed to expansions underway at major semiconductor wafer fabrication facilities and hard disk drive manufacturers located in these regions.
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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