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.
Precautions for Using an Open Steel BarrelNovember 10, 2023Basic requirementsBefore using the drum, fully understand the properties and condition of the contents to be contained.In the case of improving the contents or packaging new products, carefully inspec...view
Application Of 200-210L Open Steel Drum Plastic LinerJune 30, 2022The round bottom lining bag is the lining bag of 200L round steel barrel independently developed according to the round welding technology. There is no need to clean and open the lid in the barrel, th...view
Tangshan Steel City Piaohong, Steel Prices Still Have Room To Rise Next WeekJuly 1, 2022This week the spot market as a whole mainstream price shock up.With the performance of raw materials and futures, the spot market mentality was boosted, coupled with the actual transaction performance...view
Notice On The Convening Of China Metal Packaging Industry Conference And Exhibition In 2021July 1, 2022After the meeting of the director of the metal container committee of China Packaging Federation (expanded), the committee will hold the "China metal packaging industry conference and exhibition ...view
Various Kinds Of Drum Closure GasketsJuly 1, 202210. NR natural rubber sealing ringRubber products have good wear resistance, elasticity, tensile strength and elongation.But in the air is easy to aging, hot sticky, easy to expand and dissolve in min...view![[Knowledge Science] Lubricating Oil Application Common Problems Summary-2](/uploads/image/20220701/11/lubricating-oil-application-common-problems-summary_400x400.jpg)
[Knowledge Science] Lubricating Oil Application Common Problems Summary-2July 1, 202211. as long as the oil is frequently, almost lubricating oil can also be used?A: No, the low-grade lubricating oil will destroy the friction surface of the friction parts. The damage of the hardness l...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
