by Corrugated packaging is lightweight, durable and cost-efficient packaging solution. It provides protection to a wide range of consumer goods during transportation and storage. Corrugated boxes are suitable for packaging of a variety of products including fresh fruits and vegetables, food & beverage, electronics, consumer goods and industrial goods.
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. Key players are focusing on expanding their production facilities in Malaysia to cater to the growing demand for corrugated packaging solutions from e-commerce and food & beverage industries.
The growing demand for packaged food and rapid expansion of e-commerce sector are driving the growth of corrugated packaging market in Malaysia. Changing lifestyle and rising disposable income of consumers are fueling the demand for packaged food products. Moreover, the pandemic has accelerated the growth of e-commerce industry in the country.
Corrugated packaging players are expanding their operations in Malaysia to tap the opportunities in Southeast Asian markets. Malaysia serves as a strategic hub for packaging manufacturers to strengthen their presence in other countries in the region. Leading players are investing in new facilities and upgrading production technologies to cater to the global as well as regional demand.
Market Key Trends
Sustainable packaging is a key trend gaining popularity in the Malaysia corrugated packaging market. Manufacturers are increasingly focusing on developing eco-friendly corrugated packaging solutions made from recycled content to support circular economy. Lightweight and customized corrugated boxes are also gaining traction due to their ability to optimize transportation and storage. With the growth of e-commerce, hyper-personalized and small-volume shipments are on rise. In response, packaging manufacturers are designing innovative and minimized corrugated packaging formats.
Porter’s Analysis
Threat Of New Entrants: Newer players face challenges in terms of well established companies, high research and development costs and established customer preferences.
Bargaining Power Of Buyers: Large buyers such as food and beverage companies can negotiate for better prices due to high demand.
Bargaining Power Of Suppliers: Suppliers of raw materials such as paper have moderate bargaining power due to availability of substitutes and switching capabilities.
Threat Of New Substitutes: Substitutes like flexible packaging, plastic containers pose threat, but corrugated packaging still preferred for its durability and printability.
Competitive Rivalry: Intense competition exists among existing players to gain market share.
Geographical Regions
The Malaysian corrugated packaging market value is highly concentrated in West Malaysia region comprising states of Selangor, Kuala Lumpur, Penang and Johor. This is due to presence of major industrial hubs and concentration of food and beverage manufacturers.
The East Malaysia region covering states of Sabah and Sarawak is poised to witness fastest growth during the forecast period. This is attributed to growing e-commerce industry, expanding logistics and transportation sector propelling demand for corrugated 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?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
