Revenues of plastic and packaging makers to rise across the board

Thong Guan is also aggressively growing its courier bag segment, which is fetching gross margins of high-teens, versus the Group’s mid-teens margins to cater for the booming global e-commerce industry. Some of the US e-commerce and retail giants are its customers.

PETALING JAYA: The pricing of resin and demand for plastic and packaging products will continue to have an impact on plastic and packaging makers.

To expand overall margins and for them to better withstand and resin price fluctuations, the manufacturers are creating higher value products and doing away with standard and commoditised stretch films and food packaging.