Press release
Myanmar Packaging Market 2022 Business Opportunities, Current Trends, Challenges and Forecast 2026
Market Insights Reports has added new statistical data to its repository titled as, Myanmar Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Myanmar Packaging market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.The market for Myanmar packaging is expected to grow at a CAGR of 5% during the forecast period 2021 - 2026.
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Top Key Players in the Myanmar Packaging Market are May Kha San Family Co., Ltd., Oji Myanmar Packaging Co., Ltd., Ball Corporation, Tharaphusan plastic, Daibochi Myanmar, Double Packaging Myanmar Co. Limited, Jackway Convertor Industries Pte Ltd, Diamond Printing Myanmar, Can-One Berhad, and others.
Industry News and Update:
- September 2019 - Daibochi Berhad is targeting to commercialize several new sustainable, flexible packaging solutions for its multinational consumer brands clientele in the Financial year 2020.
- April 2019 - Can-One Bhd subsidiary Can-One International Sdn Bhd announced the acquisition of Kian Joo Can Factory Bhd by acquiring a 95.88% stake in the company through open offers. In 2016 Kian Joo had invested about USD 23 million to build two plants in the Thilawa Special Economic Zone near Yangon, Myanmar.
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.
Full Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/05202907134/myanmar-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A28
This Myanmar Packaging Market report addresses:
– The Market size from 2016-2021
– Expected market growth until 2026
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place.
Frequently Asked Questions about Myanmar Packaging market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
We Also Offer Customization on report based on specific client Requirement:
– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Myanmar and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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