GlobalData's report "Malaysian Packaging Industry-Trends and Opportunities" shows that the industry is mainly driven by the growth of paper and cardboard packaging. It is expected to have the fastest compound annual growth rate in 2019-2024, reaching 9.8%. It is closely followed by flexible packaging, which is expected to grow at a compound annual growth rate of 2.7% in the next five years.
GlobalData consumer analyst Anchal Bisht said: “The increasing demand for ready-to-eat food is driving consumer preference for smaller portions with resealable options. This is driving demand for flexible packaging materials, which are Malaysian foods. The largest number of materials in the industry. This means that in most urban populations who prefer sustainable packaging, there is an increasing demand for environmentally friendly packaging, so the demand for paper and cardboard packaging has surged."
The food industry is the industry that uses the most packaging in Malaysia, accounting for 60.3% of the market share. Followed by non-alcoholic beverages and "other industries", accounting for 26.6% and 6.5% respectively.
Flexible packaging is the most consumed packaging material in the packaging industry in Malaysia, accounting for 40.9% of the market share in 2019. It is expected to reach 38.8% by 2024. Hard plastics and hard metals are other popular packaging materials.
Short comment: According to the analysis of the article, it is estimated that hard metal will be a popular packaging material by 2024. For metal drums, our company provides metal drum closures, cap seal, clamp, bolts and other products.
The Best-selling Steel Barrels On The Market Are Not Small Profits But Quick Turnover!July 1, 2022Four ways to create differentiation:1. Be the first:Many people can’t figure out the difference between “becoming number one” and “leadership”. The biggest difference is that “becoming number on...viewThe Influence Of The Newness Of Steel Barrels On The Honey InsideJuly 1, 2022Generally, there are two main processes for us to feed bees, one is supplementary feeding and the other is reward feeding. Especially now, it is autumn. Many of our bee friends are thinking about feed...viewSelection Of High-strength Bolt MaterialsJuly 4, 2022The correct selection of fastener materials in fastener manufacturing is an important part because the performance of fasteners is closely related to their materials. Cold heading steel is a steel for...viewGalvanizing ProcessOctober 25, 2023Today, the main focus is on the surface treatment galvanizing process of stainless steel products. The purpose of galvanization is to prevent corrosion on steel. Steel is susceptible to corrosion in t...viewThe Function of Galvanized Bucket PlugJune 5, 2023Steel drums are commonly used containers for storing and transporting liquid chemicals. However, electrochemical reactions can occur between the liquid and the steel plate, causing corrosion, damage, ...view
Drum Liners for Steel DrumsApril 27, 2023Drum liners are an essential component for many industrial applications that require the transportation or storage of liquid or powdered materials. When it comes to steel drums, drum liners are partic...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
