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Malaysia Plastic Bottle Industry Outlook from 2024 to 2034

Sales of plastic bottles in Malaysia are estimated to be valued at US$ 658.8 million in 2024 amid their growing usage in diverse sectors, especially food & beverage. Sales revenue in the country is projected to increase at a CAGR of 3.5% throughout the forecast period. By 2034, Malaysia's plastic bottle industry size is set to reach US$ 928.9 million.

Amid increasing disposable income and changing lifestyles, there is a significant rise in demand for packaged products in Malaysia. This, in turn, is generating high demand for packaging solutions like bottles.

Food & beverage industry remains the leading consumer of bottles in Malaysia. This is because of their lightweight nature, cost-effectiveness, and ability to protect food products. The target segment is set to create opportunities for food plastic bottle suppliers in Malaysia.

Wide applications of plastic containers in pharmaceutical, cosmetics, household, personal care, and industrial chemicals are contributing to sales growth. Similarly, high consumer spending on beverages is anticipated to propel demand in the country through 2034.

Surging demand for beverages, especially bottled water and non-alcoholic drinks, is set to boost sales. High tourist influx in Malaysia is anticipated to create opportunities for regional as well as global plastic bottle industry players. This will also improve Malaysia plastic bottle industry size & share.

Growing production and usage of industrial chemicals across Malaysia will create growth prospects for industrial plastic bottle producers. Similarly, innovation in manufacturing technologies will benefit the industry.

Malaysia Plastic Bottle Industry Valuation & Size

Attributes Key Insights
Base Value in 2023 US$ 630.7 million
Industry Size in 2024 US$ 658.8 million
Industry Value in 2034 US$ 928.9 million
Value CAGR (2024 to 2034) 3.5%

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Historical Performance Vs. Future Malaysia Plastic Bottle Industry Forecast

The industry in Malaysia recorded a CAGR of 2.6% from 2019 to 2023, with total revenue reaching US$ 630.7 million in 2023. For the next ten years, a CAGR of 3.5% has been estimated for the target industry, indicating an increase of 0.9% from the historical growth rate.

During the historical period, the target industry witnessed sluggish growth. This was mostly due to enforcement of lockdown, low tourist flow, and reduced demand for packaging food products and beverages.

Looking ahead, the target industry is set to grow steadily. The thriving food and beverage industry in Malaysia is anticipated to play a key role in driving demand across the country during the assessment period. It will create lucrative opportunities for plastic bottle suppliers in Kuala Lumpur.

As per Malaysia Investment Performance Report (MIDA), the food sector is projected to grow around 8% annually from 2023 to 2027, reaching US$ 69.4 billion by 2027. This growth will elevate the demand for plastic bottles in the country.

The country is witnessing a rise in packaged beverage consumption, which is mostly served in bottles, especially plastic ones. These bottles are easy to carry, portable, and do not break easily, making them popular choices across various end-use sectors.

Growing demand for customization is boosting the demand for custom-molded bottles. The increasing focus on providing appealing packaging by brands is leading to adoption of different printing techniques on bottles, such as decorating silk screen printing, hot stamping, shrink wrap, and labeling. This will help brands to differentiate their products and attract consumers.

The growth of the pharmaceutical industry is also generating demand for plastic packaging bottles in Malaysia. The growing need for healthcare services has led to rising sales of medicines, which are mostly packaged in bottles.

Plastic bottles are also utilized in the beauty and personal care industry because of their lightweight, cost-effective, and convenient features. Growing demand for sustainable packaging solutions and escalating awareness among consumers regarding plastic pollution have led companies to provide fully recycled bottles.

Leading plastic bottle manufacturers in Malaysia are also looking to use biodegradable materials such as bioplastics. Adoption of these materials will help them to reduce their environmental footprint and align with government regulations and consumers' evolving choices.

Prominent Factors Impacting Industry Growth in Malaysia

Enhancing PET Recycling and Halal Certification of Plastic Bottles

Malaysia's government is leading the bottle-to-bottle initiative by increasing the recycling rate of PET to meet the circular economy goals. The Ministry of Environment & Water (KASA), Malaysia, is boosting the need to certify the recycled PET and its material cleansing process for halal so that it can be used for food contact packaging from the Halal Consumable Goods Working Group (WG).

Considering the future need for using recycled resin in the production of food contact packaging, Malaysia is taking necessary steps to push the usage of recycled PET.

For instance, the ongoing development of Halal Consumable Goods-General Requirements provides the halal cleaning requirement. It is anticipated to boost the usage of recycled PET for the domestic, global, and regional industries.

The implementation of these regulations will push the local recyclers and manufacturers to provide a better recycling infrastructure and comply with the halal cleansing requirements.

According to KASA, the demand for recycled PET globally is anticipated to reach US$ 21.5 billion by 2028. This push will contribute to the demand for plastic bottles made from recycled materials for various applications, along with halal food and beverages.

Malaysia's Growing Healthcare Landscape

Expenditures on personal healthcare in Malaysia are anticipated to double and reach up to US$ 2.8 billion in 2028. The government of Malaysia is focused on strengthening its health service industry for the public sector. This is evident by their budget for 2023, in which they have allocated US$ 7.9 billion to the Ministry of Health.

The rising spending on healthcare services and the growth of the medical sector in Malaysia are anticipated to create a demand for packaging solutions like bottles in the country. Since these bottles are used in the pharmaceutical sector, the growth of the target sector in the country will boost the industry.

The elderly population in Malaysia is about 10%, which will contribute to the increased consumption of bottles, especially plastic ones, in the country. Malaysia is experiencing growth in private healthcare services through the adoption of the latest technologies and collaboration with international providers of healthcare services. This upgrade is also strengthening their private health sector.

Pharmaceutical products often require secure and hygienic packaging. As a result, plastic medicine bottles are becoming a preferred choice due to their lightweight, durability, and ability to preserve the integrity of the contents.

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Ismail Sutaria

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Adjacent Industry Overview

The section comprehensively evaluates three interrelated industries: Malaysia plastic bottle sector, the global PCR bottle industry, and the PET bottle industry. It provides distinctive characteristics of each industry, including their CAGRs, while delving into the pivotal factors that influence their growth trajectories.

Among the three industries, the PCR bottle sector is anticipated to lead during the forecast period due to escalating demand for sustainable packaging solutions. On the other hand, Malaysia industry is set to register slower growth compared to the other two. This can be attributed to the ongoing crackdown on plastic packaging usage.

Malaysia Plastic Bottle Industry Analysis:

Attributes Malaysia Plastic Bottle Industry Analysis
CAGR (2024 to 2034) 3.5%
Growth Drivers for Plastic Bottle Industry High adoption across industries like food & beverage, pharmaceutical, and cosmetics and increasing pet bottle exports from Malaysia.
Exploring Current Trends in Plastic Bottle Sector Growing focus on using bio-based and recyclable plastics.

PCR Bottle Industry Analysis:

Attributes PCR Bottle Industry Analysis
CAGR (2024 to 2034) 6.1%
Growth Factor Increasing usage of PCR bottles in pharmaceutical, food & beverages, and personal care sectors.
Key Trend Growing demand for sustainable and eco-friendly packaging solutions.

PET Bottle Industry Analysis:

Attributes PET Bottle Industry Analysis
CAGR (2024 to 2034) 4.4%
Growth Factor Surging popularity of PET bottles across diverse sectors.
Key Trend Growing interest in customized PET bottles.

Sub-region Insights

The section provides detailed information about the sub-regions of Malaysia. Southern Peninsula is anticipated to remain at the forefront by registering a considerable CAGR of 3.6% during the assessment period. However, Central Malaysia is not very far in terms of growth as demand is set to rise with supermarkets selling a wide range of on-the-go beverages.

Sub-region Value (CAGR)
Southern Peninsula 3.6%
Central Malaysia 2.4%

Southern Peninsula Remains at the Epicenter of Growth

Southern Peninsula is a manufacturing hub for the plastic industry, having a number of manufacturing companies for various products. The region has favorable infrastructure, skilled labor, and a business environment for the plastic packaging bottle industry to grow.

Southern Peninsula is export-oriented, with major shipping routes and ports. The booming food and beverage, personal care & cosmetics, and healthcare industries are creating opportunities for growth in the region.

Central Malaysia to Present Lucrative Opportunities to Manufacturers

Central Malaysia is witnessing significant demand for packaging formats like bottles. Urbanization and population growth are highly impacting the consumption patterns of bottles, especially plastic ones, in the region.

Escalating demand for various consumer goods and a high concentration of businesses are influencing the plastic bottle industry's growth. Central Malaysia has a vibrant retail sector with an increasing number of supermarkets, hypermarkets, and convenience stores. Hence, growth of the retail sector in the region will play a key role in boosting sales.

Central Malaysia has a growing food and beverage sector which requires convenient and portable packaging options for on-the-go consumption. This will uplift demand for packaging solutions like PET bottles in the region through 2034.

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Category-wise Insights

The section below sheds some light on top segments and their anticipated growth rates. Companies can use this information to invest in popular products and forms to solidify their positions in Malaysia.

Based on material, the PET segment accounts for a prominent value share and is set to register a CAGR of 3.5% through 2034, owing to several advantages offered by this material. By capacity, the below 1-liter segment is poised to advance at 3.8% CAGR between 2024 and 2034.

PET Remains a Widely Used Material for Producing Bottles

Material Value CAGR
HDPE 3.6%
PET 3.5%

PET remains the most preferred material among plastic bottle-producing companies. This can be attributed to multiple advantages of PET and growing consumer demand for PET bottles in Malaysia.

PET bottles are mostly used for packaging various beverages and other liquid products. Lightweight, transparency, and high durability of PET bottles are contributing to their adoption in Malaysia.

PET bottles have become an ideal choice for the food and beverage industry because of their impact resistance, shatterproof, and high strength-to-density ratio. These bottles provide transparency which consumers majorly favor.

High adoption of PET bottles for packaging, water, soft drinks, juices, and other carbonated beverages is set to boost segment growth. These bottles are also highly recyclable, which makes them an appropriate choice for eco-conscious customers.

Sales of PET bottles are set to record a CAGR of 3.5% during the forecast period. Thus, plastic bottle players in Malaysia will need to strengthen their PET bottle portfolios to gain profits. On the other hand, the PVC segment is anticipated to exhibit a CAGR of 3.7% over the upcoming decade.

Demand to Remain High for Below 1 Liter Bottles across Malaysia

Capacity Value CAGR
Above 1 Lit 3.1%
Below 1 Lit 3.8%

Plastic bottles of capacity below 1 liter are prominently used in Malaysia because of their portability and convenience. Smaller size bottles are preferred as they are easy to carry for consumption, particularly for juices, water, energy drinks and soft drinks.

Small-size bottles are suitable for single-serve purposes and are generally more affordable options. Increasing popularity of single-serve consumption and portion control is augmenting the demand for low-capacity bottles.

The target segment is anticipated to capture more than 58% of the industry share. Further, it will register a steady CAGR of 3.8% throughout the assessment period, prompting plastic bottle companies in Malaysia to offer these products.

Competitive Landscape

Top plastic bottle players in Malaysia are focusing on reducing the plastic content in their products while maintaining functionality and strength. They are continuously using recycled plastics as well as bioplastics to reduce their environmental footprint.

Several leading plastic bottle distributors and manufacturers are forming partnerships, agreements, and collaborations with end users to boost their revenues. Similarly, they are using advertisement strategies to reach a wider audience.

Recent Developments

Date and Approach Description
December 2023, New Product Launch Coca-Cola Malaysia launched new 100% recycled plastic PET bottles in Malaysia.
November 2023, New Product Launch Berry Global, a manufacturer of plastic packaging products, developed a new line of sustainable plastic bottle caps. The company is looking to increase its customer base across nations like the United States, India, the United Kingdom, and Malaysia by launching eco-friendly packaging solutions.

Scope of the Report

Attribute Details
Industry Value in 2024 US$ 658.8 million
Revenue in 2034 US$ 928.9 million
Growth Rate (2024 to 2034) 3.5% CAGR
Historical Data 2019 to 2023
Forecast Period 2024 to 2034
Quantitative Units Revenue in US$ million, Volume in Units, and CAGR from 2024 to 2034
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered

Material, Capacity, End-use, Sub-region

Key Country Covered

Northern Peninsula; Southern Peninsula; Central; East Coast; East Malaysia

Key Companies in Malaysia Plastic Bottle Industry Outlook Report

Can-One Berhad; Perfect Plastic Sdn. Bhd.; Pinang Plastic Industries Sdn. Bhd.; Hon Chuan Malaysia Sdn Bhd; Dynaplast Sdn Bhd.; RENIPLAS SDN. BHD.; A&A Plastic Industries Sdn. Bhd.; MIGHTY SIGNATURE SDN. BHD; KPI Plastic (M) Sdn Bhd; Panwrite Plastic Industries Sdn Bhd; SHS Plastics Industries Sendirian Berhad; U-Lik (M) Sdn Bhd; Medicplas Industries Sdn Bhd; Plasticmate Sdn Bhd; Kembangan Plastik Sdn Bhd

Industry Segmentation

By Material:

The industry is divided into HDPE, PET, PP, and PVC.

By Capacity:

The report is classified into above 1 liter and below 1 liter. The latter is further classified into up to 20 ml, 20 to 50 ml, 50 to 100 ml, 100 to 250 ml, 250 to 500 ml, and 500 to 1000 ml.

By End-use:

In terms of end-use, the industry is segmented into cosmetics & perfumery, oleo chemicals, agrochemicals, industrial chemicals, pharmaceuticals, food & beverages, flavor & fragrances, petroleum & lubricants, and others (homecare & personal care).

By Sub-region:

Analysis of the industry has been carried out in key sub-regions of Malaysia, including Northern Peninsula, Southern Peninsula, Central, East Coast, and East Malaysia.

Frequently Asked Questions

How big is the plastic bottle industry in Malaysia?

Revenue in Malaysia is set to total US$ 658.8 million in 2024.

What is the sales forecast for Malaysia industry?

Sales in Malaysia are predicted to record a CAGR of 3.5%.

What is the projected industry size for 2034?

The industry size is poised to reach US$ 928.9 million by 2034.

Who are the leading plastic bottle companies in Malaysia?

Can-One Berhad and Perfect Plastic Sdn. Bhd.

How big is the plastic bottle market?

The global market was valued at around US$ 102.8 billion in 2023.

What type of plastic is used in Malaysia?

HDPE, PP, ABS, PET, PVC, LDPE, and LLDPE.

How many plastic companies are there in Malaysia?

There are over 1200 plastic manufacturing companies.

Table of Content

1. Executive Summary

2. Industry Introduction

    2.1. Industry Taxonomy

    2.2. Industry Definition

3. Industry Trends and Success Factors

4. Industry Background

    4.1. Macro-economic and Industry Outlook

    4.2. Industry Dynamics

    4.3. Value Chain Analysis

    4.4. List of Key Industry Participants (Manufacturers/Channel Partners)

    4.5. Analysis of Key Industry Matrices

    4.6. Industry Development Roadmap

5. Industry Demand Analysis 2019 to 2023 and Forecast 2024 to 2034

    5.1. Historical Industry Volume Analysis

    5.2. Future Industry Volume Projections

6. Pricing Analysis

7. Industry Value (US$) Analysis 2019 to 2023 and Forecast 2024 to 2034

    7.1. Historical Sales Analysis

    7.2. Future Industry Size and Growth Projections

8. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, Material

    8.1. HDPE

    8.2. PET

    8.3. PVC

    8.4. PP

9. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Capacity

    9.1. Above 1 Liter

    9.2. Below 1 Liter

        9.2.1. Up to 20 ml

        9.2.2. 20 to 50 ml

        9.2.3. 50 to 100 ml

        9.2.4. 100 to 250 ml

        9.2.5. 250 to 500 ml

        9.2.6. 500 to 1000 ml

10. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use

    10.1. Cosmetic and Perfumery

    10.2. Oleo chemicals

    10.3. Agrochemicals

    10.4. Industrial Chemicals

    10.5. Pharmaceuticals

    10.6. Food & Beverages

    10.7. Flavor & Fragrances

    10.8. Petroleum & Lubricants

    10.9. Others (Homecare & Personal Care)

11. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sub-Region

    11.1. Northern Peninsula

    11.2. Southern Peninsula

    11.3. Central

    11.4. East Coast

    11.5. East Malaysia

12. Northern Peninsula Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Industry Segments

    12.1. Sales Analysis and Projections by Material

    12.2. Sales Analysis and Projections by Capacity

    12.3. Sales Analysis and Projections by End Use

13. Central Malaysia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Industry Segments

    13.1. Sales Analysis and Projections by Material

    13.2. Sales Analysis and Projections by Capacity

    13.3. Sales Analysis and Projections by End Use

14. Southern Peninsula Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Industry Segments

    14.1. Sales Analysis and Projections by Material

    14.2. Sales Analysis and Projections by Capacity

    14.3. Sales Analysis and Projections by End Use

15. East Coast Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Industry Segments

    15.1. Sales Analysis and Projections by Material

    15.2. Sales Analysis and Projections by Capacity

    15.3. Sales Analysis and Projections by End Use

16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Industry Segments

    16.1. Sales Analysis and Projections by Material

    16.2. Sales Analysis and Projections by Capacity

    16.3. Sales Analysis and Projections by End Use

17. East Malaysia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Industry Segments

    17.1. Sales Analysis and Projections by Material

    17.2. Sales Analysis and Projections by Capacity

    17.3. Sales Analysis and Projections by End Use

18. Competition Outlook

    18.1. Industry Structure Analysis

    18.2. Company Share Analysis by Key Players

    18.3. Competition Dashboard

19. Company Profile

    19.1. Can-One Berhad

    19.2. Perfect Plastic Sdn. Bhd.

    19.3. Pinang Plastic Industries Sdn. Bhd.

    19.4. Hon Chuan Malaysia Sdn Bhd

    19.5. Dynaplast Sdn Bhd.

    19.6. RENIPLAS SDN. BHD.

    19.7. A&A Plastic Industries Sdn. Bhd.

    19.8. MIGHTY SIGNATURE SDN. BHD

    19.9. KPI Plastic (M) Sdn Bhd

    19.10. Panwrite Plastic Industries Sdn Bhd

    19.11. SHS Plastics Industries Sendirian Berhad

    19.12. U-Lik (M) Sdn Bhd

    19.13. Medicplas Industries Sdn Bhd

    19.14. Plasticmate Sdn Bhd

    19.15. Kembangan Plastik Sdn Bhd

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