Over the years, the plastics industry has been supporting the growth of related sectors as well as contributing to the emergence of new markets throughout the value chain. Due to the COVID-19, a sharp increase in Plastic & Packaging industry as work from home become a new norm. With more than 1,500 companies in operation today, Malaysia is among the ASEAN region’s top exporter of plastics. In 2016, export of plastic products saw an increase of 1.24% to RM13.06 billion from RM13 billion in 2015. The growth momentum continued at RM3.5 billion in the first quarter of 2017. The primary export destinations include Europe, China, Singapore, Japan and Thailand Malaysia’s moulds and dies sector has developed rapidly over the last three decades in tandem with the overall growth of the country’s manufacturing sector. Between 2013 and 2015, a total of 54 mould and die projects with investments of RM656.6 million were approved by MIDA. The sector is moving towards advanced manufacturing technologies to meet demands for large moulds (more than 10 tonnes) in the automotive industry and demands for very precise moulds (less than 5 microns tolerance) for the electrical & electronics (E&E) and telecommunication industries. Malaysia Plastic industry is projected to register a CAGR of around 4% during the forecast period (2020-2025). To stay ahead, Malaysian manufacturers need to enhance their operational efficiency, adopt new technologies and explore new market. M’SIA-PLAS provides a good platform for both industry players in order to sustain growth in the future. (Source : MIDA)
Exhibit Profile
- Plastic Injection & Blow Molding Machinery
- Plastic Welding Equipment
- Sealing Machine
- Material Formulating/ Compounding
- Mould & Dies
- Chemicals & Raw Materials
- Extrusion Machinery
- Coating Compounds
- Auxiliary & Testing Equipment
- Additives
- Adhesive & Glues
- CAD/CAM/CAE Software
- Semi-Finished Products
- Plastic Tooling & Engineering Products
- Bio-Plastics & Degradable Plastics
- Reinforcing Fibres & Materials
- Synthetic Fibres
- Filler
- Thermosets
- Vacuum Forming & Thermoforming
- Machine Components
- Measurement & Testing Equipment
- Ultrasonic
- Work Holding Device
- Raw Materials Auxiliaries