Myanmar 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, Films and Sheets, Pipes and Fittings, Tarpaulin, Building and Construction, Automotive and Transportation, Electrical and Electronics, Furniture and Bedding, Household, and Other Applications).

Market Snapshot

Study Period:


Base Year:


Major Players:

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Market Overview

The plastics market in Myanmar is expected to register a CAGR of more than 6%, during the forecast period. Plastics are typically organic polymers of high molecular mass, and they often contain other substances. They are usually synthetic, most commonly derived from petrochemicals. However, an array of variants are made from renewable materials, such as polylactic acid from corn or cellulosic from cotton linters.

  • Rising demand from construction applications, as well as from the packaging industry, are augmenting the growth of the market.
  • Dependence of the raw material market on imports is likely to hinder the market growth.
  • Untapped market economies are projected to act as an opportunity for the market in the future.

Scope of the Report

The scope of the plastics market in Myanmar report includes:

Traditional Plastics
Poly-vinyl Chloride
Engineering Plastics
Styrene Copolymer (ABS & SAN)
Thermoplastic Polyester
Other Engineering Plastics
Blow Molding
Injection Molding
Other Technologies
Films and Sheets
Pipes and Fittings
Building and Construction
Automotive and Transportation
Electrical and Electronics
Furniture and Bedding
Other Applications

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Key Market Trends

Polyethylene to Dominate the Market

  • Presently, polyethylene has become one of the essential products used in our daily lives. 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, 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 of the product’s market, owing to the new opportunities that in favor of Myanmar’s infrastructure sector.
  • Myanmar’s construction industry growth may remain robust in the coming years owing to the favorable government regulations and foreign investment flows into the transport and real estate sectors.
  • Recently, the Myanmar Central Bank opened lending opportunities for foreign banks operating in the country. This move has allowed the banks to offer loans to foreign companies and joint venture operations, which presents the possibility to avail loans for construction projects in the country.
  • Owing to the above-mentioned factors, growth of traditional plastics, including polyethylene, in Myanmar is expected to rise over the forecast period.

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Increasing Demand from Packaging Industry

  • Plastics are used as packaging materials due to their combination of stability, flexibility, strength, lightness, security (protection and resistivity against water and various chemicals), and recyclability.
  • Plastic packaging is used in various industries, including food, medical, cosmetics and personal care, and household.
  • The demand for flexible packaging has been accelerating at a high rate and is expected to grow at a healthy rate in the coming years. More than half of the demand for flexible packaging has been met by imports. However, increasing investment by domestic flexible packaging converters is expected to provide a chance to the local producers to properly compete in the market.
  • Consumption of plastic packaging is the highest in the food and beverage industry. The food and beverage industry in Myanmar is experiencing excellent growth opportunities, owing to increasing foreign direct investment (FDI) and increasing demand from consumers.
  • Due to the aforementioned factors, the demand for packaging is estimated to rise in Myanmar.

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Competitive Landscape

The plastics market in Myanmar is fragmented, with 100% import of raw materials, due to the lack of availability of resin manufacturers in the country. Myit Shwe Wah Industry Co. Ltd, Great Foundation Plastic Manufacturing Factory, Shwe Mi Industrial Co. Ltd, Indorama Ventures Packaging (Myanmar) Limited, and Popular Plastic Industry Group Co. Ltd are some of the major companies operating in the market.

Table Of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rising Demand from Construction Applications and Other End-user Industries

      2. 4.1.2 Rise in Demand from Packaging Industry

    2. 4.2 Restraints

      1. 4.2.1 Dependence of Raw Material Market on Imports

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 PESTEL Analysis

    6. 4.6 Import and Export Trends

    7. 4.7 Raw Material Analysis


    1. 5.1 Type

      1. 5.1.1 Traditional Plastics

        1. Polyethylene

        2. Polypropylene

        3. Polystyrene

        4. Poly-vinyl Chloride

      2. 5.1.2 Engineering Plastics

        1. Polyurethane

        2. Fluoropolymer

        3. Polyamide

        4. Polycarbonate

        5. Styrene Copolymer (ABS & SAN)

        6. Thermoplastic Polyester

        7. Other 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 Films and Sheets

      3. 5.3.3 Pipes and Fittings

      4. 5.3.4 Tarpaulin

      5. 5.3.5 Building and Construction

      6. 5.3.6 Automotive and Transportation

      7. 5.3.7 Electrical and Electronics

      8. 5.3.8 Furniture and Bedding

      9. 5.3.9 Household

      10. 5.3.10 Other Applications


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

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Cherry Plastic Enterprise

      2. 6.4.2 Great Foundation Plastic Manufacturing Factory

      3. 6.4.3 HMWE Plastic Bag Enterprise

      4. 6.4.4 Indorama Ventures Packaging (Myanmar) Limited

      5. 6.4.5 Myanmar Pipes & Accessories Co., Ltd. (Tokyo Pipe Co. Ltd)

      6. 6.4.6 Myit Shwe Wah Industry Co. Ltd

      7. 6.4.7 New Super Industrial Co. Ltd

      8. 6.4.8 Popular Plastic Industry Group Co. Ltd

      9. 6.4.9 Reva Company Limited

      10. 6.4.10 Shwe Mi Industrial Co. Ltd

      11. 6.4.11 Tahhsin Industrial Corp.

    5. *List Not Exhaustive

    1. 7.1 Untapped Market Economies

** Subject to Availability

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