by Malaysia corrugated packaging consists of paper-based materials formed into rigid or flexible sheets that are commonly used for containers such as boxes, trays, and cases. Corrugated board provides maximum protection for perishable and fragile goods during manufacturing, warehousing, delivery and point-of-sale. It is manufactured from sustainable and recyclable materials making it an environmentally-friendly packaging solution. High durability yet lightweight properties make it a cost-effective packaging choice allowing better transportation of goods.
The Global Malaysia 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.
Rising e-commerce penetration has augmented the demand for sturdy and transportation-friendly corrugated boxes for shipment of consumer goods. 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 Takeaways
Key Players: Sarnti Packaging Co., Ltd. and Toppan Printing Co., Ltd. dominate the market with their vast product portfolio and wide distribution network across Malaysia.
Growing Demand: Accelerated growth of end-use industries such as food and beverage, consumer electronics, pharmaceuticals is propelling the demand for corrugated packaging.
Global Expansion: Leading players are investing in expanding their production facilities globally to cater to the exponential rise in e-commerce orders and gain a competitive advantage.
Market Key Trends
The Malaysian corrugated packaging market is trending owing to increasing e-commerce penetration. Expanding middle-class populations and rising disposable incomes have augmented online shopping activities in the country. This has spurred the demand for corrugated packaging from logistics companies to safely deliver products to customers. Key players are focusing on developing more sustainable corrugated products made from recycled fibers to benefit from the growing environmental consciousness of consumers.
Porter’s Analysis
Threat Of New Entrants: New entrants face high capital requirement for setting up manufacturing units and acquiring raw materials.
Bargaining Power Of Buyers: Buyers have moderate bargaining power due to availability of substitutes. However, demand for sustainable packaging is increasing buyers’ dependence on existing suppliers.
Bargaining Power Of Suppliers: Suppliers have moderate bargaining power due to availability of alternative raw material sources but fluctuations in raw material prices can impact suppliers.
Threat Of New Substitutes: Threat from substitutes like flexible packaging and paper bags is moderate as corrugated packaging boxes have properties of strength, durability and recyclability which are key advantages over substitutes.
Competitive Rivalry: Industry is dominated by few global players while the presence of local & regional players leads to moderate competition.
Geographical Regions:
Malaysia holds a major share in Southeast Asia’s corrugated packaging market in terms of value due to large manufacturing base and high domestic consumption. Other Southeast Asian countries including Indonesia, Thailand and Vietnam also contribute significantly to the regional market.
The corrugated packaging market in ASEAN countries is witnessing strongest growth backed by expansion of e-commerce, food packaging and industrial sectors. Increased exports from ASEAN is propelling the demand for corrugated boxes in the region which is emerging as the fastest growing geographical region in the global corrugated packaging market.
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.
