Who are the key players in Malaysia Plastics Market?

Toray Plastics Sdn Bhd, Polyplastics Asia-Pacific Sdn Bhd, Behn Meyer Polymers Sdn Bhd, Lotte Chemical Titan Holding Berhad and Malayan Electro-Chemical Industry Co. Sdn Bhd. are the major companies operating in the Malaysia Plastics Market. Read More

What years does this Malaysia Plastics Market cover, and what was the market size in 2023?

In 2023, the Malaysia Plastics Market size was estimated at USD 3.74 billion. The report covers the Malaysia Plastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Plastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major Opportunities in the Malaysia Plastics Market?

The major Opportunities in the Malaysia Plastics Market are a) Expanding usage of biodegradable plastics b) Growth in demand for engineering plastics Read More

Malaysia Plastics Market Size

Market Size of Malaysia Plastics Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 3.89 Billion
Market Size (2029)	USD 4.71 Billion
CAGR (2024 - 2029)	3.91 %
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Malaysia Plastics Market Analysis

The Malaysia Plastics Market size is estimated at USD 3.89 billion in 2024, and is expected to reach USD 4.71 billion by 2029, growing at a CAGR of 3.91% during the forecast period (2024-2029).

The Malaysian plastics market was negatively impacted by the COVID-19 pandemic in 2020, but it registered growth in 2021 as governments eased the restrictions imposed during the pandemic. There was a huge demand for flexible packaging due to the growing demand for personal and healthcare products, pharmaceuticals, and packed foods and beverages.

The rising demand for plastics from the food and beverage packaging sector may drive the market in the short term.
On the other hand, rising environmental concerns about the use of plastics are likely to limit market growth.
Over the next few years, opportunities for the market are likely to come from growth in the aerospace industry, more use of biodegradable plastics, and more recycling.

Malaysia Plastics Industry Segmentation

Plastics are organic materials, similar to wood, paper, or wool. Plastics are produced using natural products, such as cellulose, coal, natural gas, salt, and crude oil. Malaysia's plastics market is segmented by type, technology, and application. By type, the market is segmented into traditional plastics, engineering plastics, and bioplastics. By technology, the market is segmented into blow molding, extrusion, injection molding, and other technologies. By applications, the market is segmented into packaging, electrical and electronics, building and construction, automotive and transportation, houseware, furniture and bedding, and other applications. For each segment, the market sizing and forecast have been done based on volume (kilo tons) and revenue (in USD million).

Type
		Traditional Plastics
		Engineering Plastics
		Bioplastics

Technology
		Blow Molding
		Extrusion
		Injection Molding
		Other Technologies

Application
		Packaging
		Electrical and Electronics
		Building and Construction
		Automotive and Transportation
		Houseware
		Furniture and Bedding
		Other Applications

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Malaysia Plastics Market Size Summary

The Malaysian plastics industry is poised for growth, driven by increasing demand in the packaging sector, particularly for food and beverage products. This demand is supported by the sector's advantages, such as enhanced wear and chemical resistance, ease of molding, and high mechanical strength. Despite the challenges posed by environmental concerns, the market is expected to benefit from opportunities in the aerospace industry, the adoption of biodegradable plastics, and advancements in recycling technologies. The market's recovery post-COVID-19 highlights its resilience, with flexible packaging seeing significant demand due to the rise in personal and healthcare products, pharmaceuticals, and packaged foods and beverages.

The market landscape is characterized by a consolidated structure with key players like Toray Plastics Sdn Bhd, Lotte Chemical Titan Holding Berhad, and others leading the industry. The introduction of bioplastics, derived from biological sources, is gaining traction as a sustainable alternative to conventional plastics, with applications spanning flexible and rigid packaging, agriculture, and consumer goods. The growing popularity of bioplastics in various sectors, including food, medical, and electronics, is expected to further drive market expansion. However, the industry faces challenges such as rising feedstock costs, which have led to production capacity adjustments by major manufacturers.

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Malaysia Plastics Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Rising Demand from the Food and Beverage Packaging Applications
2. 1.2 Restraints
  1. 1.2.1 Environmental Concerns
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
5. 1.5 Price Trend Analysis
6. 1.6 Imports and Exports
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Type
  1. 2.1.1 Traditional Plastics
  2. 2.1.2 Engineering Plastics
  3. 2.1.3 Bioplastics
2. 2.2 Technology
  1. 2.2.1 Blow Molding
  2. 2.2.2 Extrusion
  3. 2.2.3 Injection Molding
  4. 2.2.4 Other Technologies
3. 2.3 Application
  1. 2.3.1 Packaging
  2. 2.3.2 Electrical and Electronics
  3. 2.3.3 Building and Construction
  4. 2.3.4 Automotive and Transportation
  5. 2.3.5 Houseware
  6. 2.3.6 Furniture and Bedding
  7. 2.3.7 Other Applications