Local plastic packaging players set to gain

TNB's Green Electricity Tariff programme provides additional support to plastic packaging players.

PETALING JAYA: The softening cost of input resin, easing of labour shortage and the move towards higher-margin products by industry players, will cushion the impact of a global economic slowdown towards sales volume in the plastic packaging sector.

Kenanga Research said the global economic slowdown and increasing competition from European manufacturers will likely result in weaker sales volumes for the export-dependent sector, over the immediate term.