Malaysia has a population of 33.4 million and a GDP per capita above MYR 46,000, making it one of Southeast Asia’s more developed economies. The manufacturing sector remains a major contributor, generating over MYR 322 billion in 2023, accounting for more than 20% of national GDP.
Industry Overview
Malaysia’s corrugated packaging industry is one of the fastest-growing segments within the manufacturing sector. Growth is driven by manufacturing expansion, consumer goods production, and the rapid rise of e-commerce and logistics.
The country is home to over 1,000 corrugated packaging manufacturers, ranging from local SMEs to multinational companies. In 2023, the industry was valued at approximately MYR 2.75 billion.
Demand for corrugated cartons is closely linked to the food & beverage, consumer goods, electronics, and logistics sectors. Despite global economic challenges, Malaysia’s manufacturing sector grew 0.8% in 2023, supporting steady demand for paper-based packaging.
E-commerce and Logistics Impact
Malaysia’s strategic location and high internet penetration have supported strong growth in e-commerce and logistics. By 2023, the country recorded over 30 million internet users, with e-commerce GMV reaching MYR 59.8 billion.
The expansion of online retail and express delivery has significantly increased demand for durable, lightweight, and sustainable corrugated packaging.
Competitive Landscape
The market is highly fragmented, with strong participation from local manufacturers. Key domestic players include Sumopack Sdn Bhd, GS Paperboard & Packaging Sdn Bhd,Muda PackagingIndustries Sdn Bhd and Far East Corrugated Carton Industrial Sdn. Bhd.
Multinational companies such as International Paper, Nine Dragon Paper Malaysia, and Lee & Man Paper have also expanded operations in Malaysia, raising competition and industry standards.
Market Outlook
Malaysia’s corrugated packaging market is expected to continue growing, supported by industrial development, sustainability initiatives, and increasing e-commerce penetration. By 2033, the market is projected to reach MYR 6.39 billion, with a CAGR of 8.8%.
Local manufacturers like Sumopack Sdn Bhd are well-positioned to benefit through Digital Printing, innovation, and High tech courrgated carton machine.