Myanmar Packaging Market Competitive Insights and Precise Outlook 2021-2027

Myanmar Packaging Market - Growth. Trends And Forecasts (2020-2025)

The report presents an in-depth assessment of the Myanmar Packaging including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Myanmar Packaging investments from 2020 till 2025.

The market for Myanmar packaging is expected to grow at a CAGR of 5% during the forecast period. Increasing demand from the end-user industries such as food, beverage as well as House Hold Chemicals is driving the market growth.

The Myanmar Packaging market is highly competitive and consists of a number of major players: May Kha San Family Co., Ltd., Oji Myanmar Packaging Co., Ltd., Ball Corporation, TharaphusanÊplastic, DaibochiÊMyanmar, Double Packaging Myanmar Co. Limited, Jackway Convertor Industries Pte Ltd, Diamond Printing Myanmar, Can-One Berhad

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Scope of the Report                       

Myanmar agriculture industry contributes 30% of national GDP, witnessed an increase in exports of fresh produce. According to the Ministry of Commerce, Myanmars exports of agricultural products between 1st October and 3rd April in the 2019-2020 financial year have risen to USD 2.16 billion from USD 1.75 billion in the corresponding period of the 2018-2019 Financial Year, an increase of USD 406 million. This will likely promote investment in packaging and logistics industry related to agriculture paper and paperboard packaging.

Key Market Trends

Growing Demand in Food and Beverage Industry

- Due to the improvement in foreign investment climate is the new Companies Law 2017 and growing middle-class Myanmar is increasingly becoming an attractive destination for foreign food brands this includes brands like KFC, Gloria Jeans Coffee, Cafe Amazon, Coffee Bean & Tea Leaf, Swensens, Burger King and Dominos. This is expected to boost the demand for paper cups, bowls and bags packaging used in restaurants.
- GDP per capita in Myanmar witnessed rapid increases between 2014 and 2019, boosting growth in food and beverage sales. The number of bars and restaurants is increasing, particularly in large cities like Mandalay and Yangon, where Myanmar citizens and most business expatriates frequently enjoy a bustling nightlife. Rising disposable income and optimistic consumer sentiment will be key drivers for growth in Food and Beverage sales and in turn the packaging industry
- In the food processing industry, until June 2019, there were 29,118 food and beverage companies registered, which is 57% of the total manufacturing companies. The food-processing sector consists mainly of instant noodles, coffee, tea, ready-to-eat traditional foods and bakery products.
- Domestic production of beverages including beer,spirits and soft drinks is growing fast, primarily due infusion of foreign direct investment.

Increasing Investment in Manufacturing through FDI

- The region witnessed a continues increase in investment through FDI particularly in manufacturing, transport and communication sectors, The manufacturing sector witnessing increasing opportunities due to the significant growth in the domestic market of Myanmar as well as direct access to the strategic markets of southeast Asian countries as well as to India and China Myanmar also has comparatively low labor costs, abundant natural resource, and a diverse agricultural base for value-added production to encourage the growth of the manufacturing sector. This has boosted demand for corrugated and heavy-duty packaging in the region.
- Due to growing real GDP, increasing consumption, and untapped market opportunities, many Packaging firms are investing in Myanmar through direct investment or Joint venture. For Instance, in 2016 Daibochi Plastic and Packaging Industry Bhd announced to invest RM29 million for a 60% stake in the joint venture company with Myanmar Smart Pack Industrial Company Ltd (MSP) to establish a production facility in Yangon, Myanmar to manufacture, sell and distribute flexible packaging products within the country, as well as to export and invested about RM23.6 million for capital expenditure over a three year period to enhance the facilitys production capacity, quality and efficiency.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Myanmar Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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