Positive outlook for plastics, packaging sector

PETALING JAYA: The long-term prospects of the plastics and packaging sector is looking up as Malaysian stretch film producers are gaining momentum, thanks to advanced technology, skilled labour and efficient raw material sourcing.

In a note, Kenanga Research said the rising demand for food and beverage (F&B) packaging will be a key accelerator for the industry as local companies were among the first to invest in the production of stretch films which then consistently expanded their operations, drove product innovations and embraced technological advancements.