Malaysia Plastics Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type (Traditional Plastics, Engineering Plastics, and Bioplastics), Technology (Blow Molding, Extrusion, Injection Molding, and Other Technologies), Application (Packaging, Electrical and Electronics, Building and Construction, Automotive and Transportation, Housewares, Furniture and Bedding, and Other Applications)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

6 %

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Market Overview

The market for Malaysia plastics is expected to grow at a CAGR of over 6% globally during the forecast period. Growing demand from the end-user industries such as packaging, electrical & electronics, as well as construction industry are driving the market growth.

  • Increasing labor costs and various environmental concerns are expected to hinder the growth of the market.
  • Innovative applications in electronic products as well as rising usage of bio-degradable plastics are expected to offer various opportunities for the growth of market.

Scope of the Report

The Malaysia Plastics Market report includes:

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
Housewares
Furniture and Bedding
Other Applications

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Key Market Trends

In Traditional Plastics, Polyethylene to Dominate the Market

  • Presently, polyethylene has become one of the key products used in our daily life. It is primarily used in the packaging sector, which comprises of containers and bottles, plastic bags, plastic films, as well as geomembranes. It has various types, including HDPE and LDPE.
  • The packaging industry has been experiencing drastic growth over the past few years. The increased demand for packaged goods has accelerated the demand for high-density polyethylene (HDPE).
  • Owing to the increased disposable income and rising consumption of products, including packaged foods, personal care products, pharmaceuticals, etc., the HDPE market is growing drastically.
  • The use of HDPE for plastic pipes in buildings is leading to the growth in the product’s market, owing to the rapid increase in Malaysia’s infrastructure sector.
  • Malaysia’s construction industry is expected to grow over the forecast period, due to the newly established Pakatan Harapan Coalition, which continues to reduce government debt and expenditure by initiating large-scale infrastructure projects across the country.
  • Following this coalition, the government has initiated the construction of two oil and gas pipeline projects in the country, worth USD 970 million each.
  • Owing to the above-mentioned factors, growth of traditional plastics, including polyethylene, is expected to rise during the forecast period.

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Increasing Demand from Packaging Industry

  • Packaging accounts for the largest application segment in the market studied. The prime reasons for the growing application of engineering plastics, in the packaging segment, are better wear and chemical resistance, ease of molding, recyclability, puncture resistance, and high mechanical strength.
  • Polyethylene terephthalate (PET) is one of the plastics majorly used for packaging purposes, mostly in the food and beverage industry. Portability, design flexibility, ease of cleaning, lightweight, and protection against moisture, are a few properties of PET that make it suitable for packaging purposes. In addition, low handling hazards, low toxicity, and absence of bisphenol A (BPA) and heavy metals are some of the other factors that allow PET to be used for food packaging.
  • PETs are used for making clamshells, bakery and take-out containers, microwaveable food trays, carbonated soft drink bottles, and other packages. Other applications include packaging materials for cooking oils, shampoo, hand wash, and more products.
  • Polyamide is another major engineering plastic that finds major application in the packaging sector. Bi-axially-oriented and non-oriented polyamide films are used in medical and food packaging, owing to the former’s high impact strength and good heat resistance.
  • Increasing household and commercial applications for containers, plastic bags, canisters, and tableware, among others, are expected to drive the consumption demand for plastics in the packaging sector, during the forecast period. 
  • The demand for plastics, from packaging, in the food and beverage sector has also increased considerably, over the years. The Malaysian food and beverage industry is a fast-growing one, characterized by a large export market.

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Competitive Landscape

The Malaysia plastics market is fragmented with top five players accounting for a small chunk of the market, with a huge dependency on import share. Some of the major companies in Malaysia plastics market includes Toray Plastics Sdn Bhd, Polyplastics Asia-Pacific Sdn Bhd, Behn Meyer Polymers Sdn Bhd, and Scientex Packaging Film Sdn Bhd, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the End-user Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Increasing Labor Costs

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

    6. 4.6 Price Analysis

    7. 4.7 Imports and Exports

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Traditional Plastics

      2. 5.1.2 Engineering Plastics

      3. 5.1.3 Bioplastics

    2. 5.2 Technology

      1. 5.2.1 Blow Molding

      2. 5.2.2 Extrusion

      3. 5.2.3 Injection Molding

      4. 5.2.4 Other Technologies

    3. 5.3 Application

      1. 5.3.1 Packaging

      2. 5.3.2 Electrical and Electronics

      3. 5.3.3 Building and Construction

      4. 5.3.4 Automotive and Transportation

      5. 5.3.5 Housewares

      6. 5.3.6 Furniture and Bedding

      7. 5.3.7 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Behn Meyer Polymers Sdn Bhd

      2. 6.4.2 BP Plastics Holding Bhd

      3. 6.4.3 Commercial Plastic Industries

      4. 6.4.4 CYL Corporation Bhd

      5. 6.4.5 EE-LIAN Enterprise M Sdn Bhd

      6. 6.4.6 Fu Fong Plastic Industries Sdn Bhd

      7. 6.4.7 Guppy Plastic Industries Sdn Bhd

      8. 6.4.8 Hicom-Teck See Manufacturing Malaysia Sdn Bhd

      9. 6.4.9 Lam Seng Plastics Industries Sdn Bhd

      10. 6.4.10 Malayan Electro-Chemical Industry Co. Sdn Bhd

      11. 6.4.11 Meditop Corp Sdn Bhd

      12. 6.4.12 Metro Plastic Manufacturer Sdn Bhd

      13. 6.4.13 Polyplastics Asia Pacific Sdn Bhd

      14. 6.4.14 Sanko Plastics Sdn Bhd

      15. 6.4.15 Scientex Packaging Film Sdn Bhd

      16. 6.4.16 Teck See Plastic Sdn Bhd

      17. 6.4.17 Toray Plastics Sdn Bhd

      18. 6.4.18 Lotte Chemical Titan Holding Berhad

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Usage of Bio-degradable Plastics

    2. 7.2 Other Opportunities

** Subject to Availability

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