Malaysia Corrugated Packaging Market Is Driven By Increasing E-commerce Adoption

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The Malaysia corrugated packaging market has been witnessing steady growth over the years. Corrugated packaging is used for protecting, carrying, and storing a wide range of products. It provides durability, protection from impact, cushions products, absorbs shocks, and allows easy stacking ability. Corrugated packaging finds extensive application in shipping various goods across diverse end-use industries such as food and beverages, electronics, automotive, healthcare, personal care, and retail. Growing online retail sector and preference for sustainable packaging have augmented the demand for corrugated packaging in Malaysia.

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 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. Corrugated packaging protects products and maintains product quality during storage and transit. It provides high printing ...
... options and graphics to attract consumers. With growing e-commerce industry, demand for varied corrugated packaging such as boxes, cartons, trays, and sheets has increased in Malaysia for safe delivery of goods to customers. The Malaysia corrugated packaging market is witnessing expansion opportunities with growing overseas trade. Manufacturers are focusing on Southeast Asian countries for business expansion due to strategic location and trade agreements.

Market Drivers

Increasing adoption of e-commerce is a key driver propelling the Malaysia corrugated packaging market growth. There is a rising trend of online shopping among consumers in Malaysia driven by increasing internet and smartphone penetration along with rising disposable incomes. E-commerce platforms extensively use corrugated boxes, cartons, and other packaging products for safe delivery of goods. This has augmented the demand from the logistics and warehouse management industry. Moreover, corrugated packaging satisfies sustainability goals of companies. It helps reduce plastic waste and is made from recycled paper, thus supporting the circular economy model.

Impact of current geopolitical situation on Malaysia Corrugated Packaging Market growth
The ongoing geopolitical instability triggered by the Russia-Ukraine war is impacting global supply chains through disrupted logistics. Malaysia being an export-oriented economy relied on stable global trade routes for its corrugated packaging sector. However, higher fuel prices and diversion of cargo containers due to the war is limiting raw material imports for the Malaysian corrugated packaging industry. Meanwhile, the reopening of Malaysian borders is boosting local FMCG shipments after the Covid pandemic but inflation is impacting packaging demand. To sustain growth, Malaysian corrugated manufacturers need to diversify raw material sourcing, develop innovative light-weighting solutions to offset rising costs, focus on local niche segments, and closely track geopolitical developments to mitigate supply shocks in the forecast period.

Geographical regions of concentrated Malaysia Corrugated Packaging Market value
Over 60% of the corrugated packaging market value in Malaysia is concentrated in the central region comprising Selangor, Kuala Lumpur, and Putrajaya. This region hosts the majority of leading FMCG producers, e-commerce logistics hubs, and export-oriented manufacturing facilities driving corrugated consumption. Furthermore, large modern retailers and supermarkets primarily located in urban Selangor and Kuala Lumpur support high corrugated use for consumer goods inventory storage and shipments. Other high-value regions include Penang due to electronics manufacturing and Johor contributing to transport and logistics activities near Singapore.

Fastest growing region for Malaysia Corrugated Packaging Market

Eastern Malaysia comprising Sabah and Sarawak states offer scope for stronger corrugated packaging demand growth over the forecast period aided by government initiatives. Large-scale resource extraction projects and contract farming schemes are expanding industrial and agricultural output spurring packaging material usage. In addition, improved connectivity through road and digital infrastructure development programs will support the online retail revolution even in remote areas boosting e-commerce shipments reliant on corrugated boxes. Targeted Foreign Direct Investments in new commodities like palm oil derivatives and palm oleochemical plants will augment the industrial base necessitating more packaging.

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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