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Malaysia Plastic Drum Industry Outlook from 2024 to 2034

Recording a Y-o-Y growth of 3.5%, sales of plastic drums in Malaysia are estimated to be valued at USD 80.1 million in 2024, up from USD 77.3 million in 2023. The Malaysia industry is projected to advance at a CAGR of 2.5% during the forecast period, totaling USD 102.8 million by 2034.

Demand remains particularly high for above 210 liters plastic drums owing to the growing adoption of transportation and storage of bulk materials. The target segment is poised to dominate the Malaysia industry, accounting for a revenue share of over 88% in 2024.

More than 90% of drums are manufactured from high-density polyethylene (HDPE), attributed to excellent resistance to both high and low PH contents, sturdiness, and leakproof design. Sales of HDPE drums are anticipated to record a CAGR of 5.7% between 2024 and 2034.

HDPE is known for its exceptional tensile strength, strength-to-density ratio, impact resistance, and high melting point. As a result, this multi-featured material is preferred by companies for making packaging solutions like drums.

Plastic drums are significantly used for shipping and storing industrial chemicals. The target segment currently holds more than 42% of value share and is projected to total USD 39.5 million by 2034.

Plastic packaging solutions like drums are essential for shipping hazardous chemicals that may be harmful and need to be transported with optimum safety and security. High adoption of packaging solutions like HDPE drums across diverse industries is set to boost sales growth through 2034.

Rapid industrial expansion and surging demand for safe, durable, and corrosion-resistant packaging are key growth drivers for plastic drum sector. To capitalize on this, leading companies for plastic drum production in Malaysia are using different strategies, including new product launches.

Growing emphasis on sustainability and efficiency is triggering innovation in packaging solutions, especially drums. These latest innovations in the plastic drum industry include usage of biodegradable and recycled plastics and development of smart drums integrated with sensors.

Increasing import and export of hazardous chemicals is set to play a key role in improving Malaysia plastic drum industry size and share through 2034. To gain from this, plastic drum-producing companies in the country will need to develop robust drums that can withstand harsh environments.

Plastic containers are generally more cost-effective than alternatives like metal drums. This makes the containers an ideal choice for industries looking to cut costs. Lightweight and durability of HDPE drums are also fueling usage and demand across Malaysia.

Attributes Description
Estimated Malaysia Plastic Drum Industry Size (2024E) USD 80.1 million
Projected Malaysia Plastic Drum Industry Value (2034F) USD 102.8 million
Value-based CAGR (2024 to 2034) 2.5%

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Key Industry Highlights

Rising Need for Oleochemicals in Malaysia Boosting Plastic Drum Demand

Malaysia is currently supplying around 20% of the world's oleochemical capacity, and is a leading producer as well as user of oleochemicals. The country’s oleo chemical sector grew significantly in 2022, with exports amounting to USD 7.7 billion.

The growing usage of oleochemicals is important in several applications like cosmetics and personal care which is a key factor driving this demand spike. In order to meet this demand, oleochemical manufacturers are increasing derivative and value-added capacity, thereby gaining a bigger portion of the value chain.

As Malaysia solidifies its position as one of the world's primary oleochemical producers and exporters, the plastic packaging sector is subjected to gain benefit from the same. The need for efficient storage and transportation of oleo chemicals, coupled with the country’s significant role in this sector, is set to drive demand for HDPE and PET drums from 2024 to 2034.

Malaysia's Free Trade Agreements Opening Doors for Development

Malaysia is one of the 15 signatory nations of the Regional Comprehensive Economic Partnership (RCEP), a significant free trade agreement. In this agreement, the country holds a key position representing 30% of the global population and GDP, which is further expected to increase up to 50% by 2030.

Malaysia currently holds 16 Free Trade Agreements (FTAs), with the potential size extending up to USD 3.3 billion people. The nation has signed bilateral FTAs with key players like Japan, Pakistan, India, New Zealand, Chile, Australia, and Türkiye. These ties will flourish the trading between Malaysia and other countries, resulting in more requirements for packaging solutions like HDPE and PET drums for efficient transportation.

Industrial-grade containers like HDPE drums that are lightweight and cost-effective are being widely used for transportation and shipping of bulk materials. The drums also comply with the UN regulations for packaging hazardous materials, making these safe for shipping.

The widespread applications of PET and HDPE drums across different sectors supported by the free trade agreements are set to create opportunities for expansion. Similarly, favorable government policies will benefit the sector through 2034.

Increasing Plastic Pollution Limiting Growth

Several factors are negatively impacting the target sector. These include increasing plastic pollution levels, growing environmental concerns, and implementation of stringent regulations.

Challenges in plastic waste management impact the overall sustainability of HDPE drums. These include insufficient quality of local plastic waste, limited recycling capacity, and a lack of alternative end-of-life solutions.

The absence of macro data to monitor plastic production, consumption, waste collection, and materials recovery hampers informed decision-making and strategic planning for the industry. This can be addressed by providing fully recyclable and biodegradable drums that can fulfill these circular economy goals.

2019 to 2023 Malaysia Plastic Drum Sales Analysis Compared to Demand Forecast from 2024 to 2034

Plastic drum sales in Malaysia recorded a sluggish CAGR of 1.9% during the historical period between 2019 and 2023. The total size of the country reached around USD 77.3 million at the end of 2023.

The outbreak of the COVID-19 pandemic resulted in worldwide lockdowns and a halt in import-export activities. This, in turn, reduced the demand for packaging solutions, especially large industrial-grade drums.

The Malaysian government also implemented regulations to limit the usage of plastic products. This encouraged industries to opt for sustainable or reusable packaging alternatives like IBC tanks or metal drums.

The future plastic drum industry forecast looks bright in Malaysia. This is attributable to growing demand for safe and secure packaging solutions across several industries.

The target sector in Malaysia will have a moderate growth rate in the future. Increasing adoption of HDPE drums across industries like chemicals, pharmaceuticals, industrial chemicals, and food and beverages.

HDPE and PET drums meet the requirements of chemical and pharmaceutical manufacturers. This is due to lightweight, durable, and cost-efficient features of these rigid packaging solutions. Government norms for the adoption of biodegradable materials are anticipated to positively impact the plastic drum industry's growth.

Plastic drums are generally not reactive to the materials, such as chemicals, oils, and lubricants present inside. As a result, these are often used for storing and transporting a wide variety of chemicals and other products.

The increasing demand for packaged food will further boost growth of plastic drum sector in the country. Similarly, advances in recycling and biodegradable packaging are anticipated to benefit manufacturers.

Ismail Sutaria
Ismail Sutaria

Principal Consultant

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Comparative Industry Overview

The section below provides a comparative analysis of two industries in the packaging division related to the target industry, namely, Vietnam plastic drum and global industrial drum sectors. The information provided in the tables below would enable potential clients to make wise investment decisions and put efforts in the most beneficial zones.

The evolution of sectors, which has increased the quality of packaging at economical rates, has resulted in a high demand for plastic drums. The growth of the pharmaceutical and chemical sectors is contributing to the increased plastic drum demand.

Growth is also set to be propelled by the growing global manufacturing activities, with industries such as chemicals and pharmaceuticals being prominent end-users. Stringent regulations governing the safe transportation of goods contribute to growth as businesses prioritize compliant packaging solutions.

Vietnam Plastic Drum Industry Assessment:

Robust growth of diverse sectors, including chemicals, pharmaceuticals, and food and beverages, is creating a need for efficient packaging solutions, including drums, for bulk material packaging. Similarly, surging demand for reusable, safe, durable, and cost-effective transportation and storage is raising the adoption of drums in Vietnam.

Attributes Description
Related Industry Vietnam Plastic Drum Industry
CAGR (2024 to 2034) 4.2%
Growth Factor Escalating demand from the food and beverage sector and increasing plastic drum exports from Malaysia.
Key Trend Recyclability and reusability of plastic barrels have gained significant traction.
Opportunity Growing importance and adoption of HDPE drums in chemical and pharmaceutical sectors.

Global Industrial Drum Industry Assessment:

Increasing importance of sustainability is fueling the adoption of recyclable and biodegradable industrial drums. The growing focus on meeting key norms and international trade regulations is also increasing the demand for industrial drums worldwide.

Integration of unique technologies, such as automation and smart monitoring systems, is set to create growth opportunities for the sector. Subsequently, a rising emphasis on sustainability will benefit the target sector.

Attributes Description
Related Industry Global Industrial Drum Industry
CAGR (2034 to 2024) 5.1%
Growth Factor Stringent regulations governing the safe transportation of goods.
Key Trend Growing emphasis on sustainable materials and eco-friendly designs in industrial drums.
Opportunity Incorporation of advanced technologies, such as automation and smart monitoring systems.

Sub-region-wise Insights

The section below covers the future forecast for HDPE and PET drums in sub-regions of Malaysia. Information on key sub-regions of the country, including southern, northern, east, and others, is provided in this section. The central part of Malaysia leads the sector with the topmost share. Southern Peninsula is projected to witness a prominent CAGR of 3.3% through 2034.

Sub-region Value CAGR 2024 to 2034
Southern Peninsula 3.3%
East Coast 2.9%
Northern Peninsula 2.5%

Southern Malaysia Remains at the Epicenter of Growth

Southern Malaysia is becoming a manufacturing hub for plastic industry due to presence of several manufacturing companies for various products. The region has a favorable business environment for the drum industry to rise.

Increasing export of various goods, especially in packaging formats like drums, is set to boost growth. Similarly, the booming food and beverage, healthcare, and personal care industries are anticipated to create opportunities for growth.

East Coast to Witness Substantial Growth

East Coast is going through a transformation and witnessing significant industrial development. The region has the presence of petrochemical companies and refineries which is generating a substantial demand for plastic drums.

The East Coast region has several ports that are used for international trading. Plastic packaging solutions like drums are commonly used for shipping. Hence, developed ports in the region will lead to a steady demand for HDPE and PET drums.

Initiatives taken by governments, such as the formation of the East Coast Economic Region (ECER), are anticipated to create opportunities for plastic drum manufacturers. As a result, the East Coast is predicted to register a CAGR of 2.9% from 2024 to 2034.

Northern Peninsula to Create Lucrative Prospects for Manufacturers

The Northern Peninsula is poised to record a CAGR of 2.5% between 2024 and 2034. This is attributable to thriving chemical sector and growing demand for cost-effective packaging solutions.

HDPE and PET drums are widely employed for storing and transporting several chemicals, including resins, solvents, and industrial cleaners. As the demand for these chemicals continues to surge in the Northern Peninsula, so will sales of plastic drums.

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Category-wise Insights

The section contains information about the leading segments in Malaysia. HDPE drums currently hold 91.3% of value share in 2024, fueled by widespread adoption across diverse sectors. Plastic drums with closed ends are set to dominate the sector, accounting for a value share of 70.5% in 2024. On the other hand, demand for open-top plastic drums in Malaysia is set to increase significantly through 2034.

HDPE to be Ideal for Manufacturing Drums due to Unique Properties

Segment HDPE (Material)
Value Share (2024) 91.3%

HDPE remains preferred across Malaysia for manufacturing drums. This is attributable to several excellent properties, including high strength, versatility, corrosion resistance, lightweight, and cost-effectiveness.

Sales of HDPE drums in Malaysia are projected to total USD 90.6 million in 2034, accounting for a value share of 88%. Further, a CAGR of 5.7% has been estimated for the target segment between 2024 and 2034.

HDPE drums have high molecular weight and density, which makes these suitable for transportation and shipping of various materials. The inertness and resistance to different PH levels make these suitable for a variety of hazardous and non-hazardous chemicals.

HDPE drums fulfill the regulations and standards required for shipping and warehousing. The strength and protection provided by HDPE drums are boosting adoption. Hence, the target segment will likely retain its dominance through 2034.

Closed Head Remains Popular Type across Malaysia

Segment Close Head (Head Type)
Value Share (2024) 70.5%

Closed-head plastic drums currently account for over 70.5% of value share. Over the forecast period, demand for closed-head drums is projected to increase at 3.5%, propelled by high adoption on account of advantages like leak prevention, durability, and tamper-evident nature.

Closed-head drums are without a removable lid which completely seals the drum from both openings. These drums have two designated small openings for running the liquid materials, which are secured with a stopper. This sealing helps in secured transportation and storage of liquid materials.

Closed-head drums help to easily fill and remove liquids without product spillage. Such packaging solutions work well with oil, chemicals, and beverages of large quality, leading to the segment’s dominance in Malaysia.

Competition Outlook

The plastic drum industry in Malaysia is becoming competitive, with Tier 1 players accounting for 40% to 55% of the total share. A wide range of strategies, including new product launches and innovative facility establishments are adopted by leading producers of plastic drums in Malaysia to succeed.

With sustainability taking center stage, key manufacturers are focusing on using recycled materials in novel products to woo eco-conscious customers. Several companies are also innovating to develop drums that are more efficient, durable, or stackable.

Certain plastic drum companies in Malaysia are utilizing novel manufacturing technologies to reduce product costs and enhance quality. Implementing strategies like partnerships, mergers, acquisitions, and collaborations are also becoming common among Malaysian drum suppliers and manufacturers. Few of the leading companies are focusing on joining hands with government agencies to provide industries with sustainable drums to reduce carbon footprint.

Industry Updates

  • In April 2024, Grief Malaysia strengthened its global presence with a new IBC manufacturing facility in Malaysia.
  • In March 2024, United States-based Grief, Inc. completed the acquisition of Ipackchem Group SAS. This will help the company to further broaden as a global leader in high-performance small plastic containers and jerrycans. Also, the company focuses on strengthening presence in nations like India, Malaysia, and Thailand.

Key Plastic Drum Brands in Malaysia

  • Qpack Industries
  • Taiko Drum Industries
  • SCHÜTZ GmbH & Co. KGaA
  • Mauser Packaging Solutions
  • Greif Malaysia
  • Time Technoplast Ltd
  • TPL Plastech Limited
  • Mapo Industries Sdn Bhd
  • TEGS Asia Sdn Bhd
  • Ralco Corporation Bhd
  • FT Hardware Sdn Bhd
  • MISUMI Malaysia Sdn. Bhd

Key Segments of Industry Report

By Material:

On the basis of material, the sector is segregated into HDPE and PET.

By Capacity:

In terms of capacity, the sector is divided into up to 210 liters and above 210 liters.

By Head Type:

Few of the important head types include open head and closed head.

By End Use:

By end-use, the target sector is segmented into cosmetic and perfumery, oleo chemicals, agrochemicals, industrial chemicals, pharmaceuticals, food and beverages, flavor and fragrances, petroleum and lubricants, and others (home care and personal care).

By Sub-region:

Malaysia is further categorized into Northern Peninsula, Southern Peninsula, Central, East Coast, and East Malaysia.

Frequently Asked Questions

How big is the plastic drum industry in Malaysia?

Sales in Malaysia are set to total USD 80.1 million in 2024.

What is the demand outlook for the industry?

The target industry is forecast to witness a CAGR of 2.5%.

What is the future of the Malaysian industry?

Revenue in Malaysia is anticipated to reach USD 102.8 million by 2034.

Which region will showcase a high growth rate?

Southern Peninsula is set to record a high CAGR of 3.3%.

Who are the leading plastic drum producers in Malaysia?

Schutz Packaging Systems and TAIKO Drum Industries.

What is the price of plastic drums in Malaysia?

Around MYR 294.

Table of Content

1. Executive Summary

    1.1. Global Industry Outlook

    1.2. Industry Analysis

    1.3. FMI Analysis and Recommendations

2. Industry Introduction

    2.1. Industry Taxonomy

    2.2. Industry Definition

3. Industry Trends and Success Factors

    3.1. Key Trends Impacting the Industry

    3.2. Product Innovation / Development Trends

    3.3. Regulations/Regulatory Scenario

    3.4. Product USPs / Features

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

    4.7. Case-based Scenario - Impact Assessment

    4.8. Supply Demand Analysis

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

    6.1. Country Level Pricing Analysis

    6.2. Regional Pricing Analysis

7. Industry Value (USD) 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

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

    9.1. Up to 210 Liters

    9.2. Above 210 Liters

10. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Head Type

    10.1. Open Head

    10.2. Closed Head

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

    11.1. Cosmetic and Perfumery

    11.2. Oleo chemicals

    11.3. Agrochemicals

    11.4. Industrial Chemicals

    11.5. Pharmaceuticals

    11.6. Food & Beverages

    11.7. Flavor & Fragrances

    11.8. Petroleum & Lubricants

    11.9. Others (Homecare & Personal Care)

12. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sub-region

    12.1. Northern Peninsula

    12.2. Southern Peninsula

    12.3. Central

    12.4. East Coast

    12.5. East Malaysia

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

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

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

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

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

18. Competition Outlook, including Industry Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

19. Company Profile

    19.1. Qpack Industries

    19.2. Taiko Drum Industries

    19.3. SCHÜTZ GmbH & Co. KGaA

    19.4. Mauser Packaging Solutions

    19.5. Greif Malaysia

    19.6. Time Technoplast Ltd

    19.7. TPL Plastech Limited



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