Myanmar Packaging Market Size (2024 - 2029)

The Myanmar packaging market is poised for growth, driven by increasing demand from sectors such as food, beverage, and household chemicals. The country's strategic location between India and China, coupled with low labor costs and tax incentives, enhances its appeal for manufacturers. The agricultural sector's contribution to the GDP and rising exports of fresh produce are expected to boost investment in packaging, particularly paper and paperboard. The burgeoning e-commerce industry, supported by rising internet penetration and a growing middle class, is likely to further drive the demand for corrugated packaging. Additionally, favorable customs duties for exports and imports make Myanmar an attractive hub for global packaging manufacturers.

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Market Size of Myanmar Packaging Industry

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration Low

Major Players

Myanmar Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Myanmar Packaging Market Analysis

The market for Myanmar packaging is expected to grow at a CAGR of 5% during the forecast period 2021 - 2026. Increasing demand from the end-user industries such as food, beverage as well as House Hold Chemicals is driving the market growth.

  • Myanmar gains an advantage from its strategic location between the two biggest emerging markets in the world: India and China. With low minimum wages of approximately USD 3.60 daily, tax incentives and Special Economic Zone benefits, the region has become an attractive destination for manufacturers of products such as garments, value-added Production of Food and beverages.
  • Myanmar agriculture industry contributes 30% of national GDP, witnessed an increase in exports of fresh produce. According to the Ministry of Commerce, Myanmar's 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.
  • The E-commerce industry in Myanmar is at the budding stage. Internet penetration is primarily driven via smartphones while nearly 40 million of the country's total population use mobile phone and approx 80 percent have access to smartphones,with increasing internet penetration, growing middle-class population across the country along with government efforts like the formation of Digital Economy Development Committee (DEDC) to boost the digital economy, will accelerate e-commerce growth across the country and support corrugated packaging primarily use in the e-commerce industry.
  • Customs duty is zero for all the goods to be exported from Myanmar as well as zero import duty in various countries makes it an attractive place for setting manufacturing plants for global players in the packaging industry.

Myanmar Packaging Industry Segmentation

A complete background analysis of the Myanmar packaging market market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and the end-user industries are covered in the report.

Material
Plastic
Paper & Paperboard
Metal
Glass
Product Type
Plastic Bottles & Containers
Pouches & Bags
Metal Cans
Glass Bottles & Containers
Other Product Types
End-user Industry
Beverage
Food
Pharmaceutical and Healthcare
Cosmetics and Toiletries
Household Chemicals
Other End-user Industries
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Myanmar Packaging Market Size Summary

The Myanmar packaging market is poised for significant growth, driven by increasing demand from key sectors such as food, beverages, and household chemicals. The country's strategic location between India and China, coupled with low labor costs and favorable economic policies like tax incentives and Special Economic Zone benefits, makes it an attractive hub for manufacturers. The agricultural sector, a major contributor to the national GDP, is seeing a rise in exports, which is expected to spur investments in packaging and logistics, particularly in paper and paperboard packaging. The burgeoning e-commerce industry, supported by rising smartphone penetration and government initiatives to boost the digital economy, is further propelling the demand for corrugated packaging. Additionally, the absence of customs duties on exports and imports enhances Myanmar's appeal for global packaging manufacturers.

The packaging industry in Myanmar is experiencing a surge in foreign investment, driven by a favorable business climate and a growing middle class. This has attracted international food brands, increasing the demand for packaging solutions like paper cups, bowls, and bags. The food processing sector, with a significant number of registered companies, is expanding, particularly in urban centers like Mandalay and Yangon, where disposable income and consumer sentiment are on the rise. The domestic beverage industry is also growing rapidly, fueled by foreign direct investment. The manufacturing sector benefits from low labor costs and access to strategic markets, boosting demand for heavy-duty packaging. Investments in the chemical industry, driven by the need for construction chemicals and pesticides, are expected to further increase packaging demand. The market is moderately competitive, with foreign players expanding their presence through technological advancements and strategic acquisitions.

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Myanmar Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Supply Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Market Drivers

      1. 1.4.1 Growth in Demand of End user Industries

      2. 1.4.2 Low Import and Export Duty

    5. 1.5 Market Challenges

      1. 1.5.1 Lack of Infrastructure to Cope with Packaging Pollution

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 Plastic

      2. 2.1.2 Paper & Paperboard

      3. 2.1.3 Metal

      4. 2.1.4 Glass

    2. 2.2 Product Type

      1. 2.2.1 Plastic Bottles & Containers

      2. 2.2.2 Pouches & Bags

      3. 2.2.3 Metal Cans

      4. 2.2.4 Glass Bottles & Containers

      5. 2.2.5 Other Product Types

    3. 2.3 End-user Industry

      1. 2.3.1 Beverage

      2. 2.3.2 Food

      3. 2.3.3 Pharmaceutical and Healthcare

      4. 2.3.4 Cosmetics and Toiletries

      5. 2.3.5 Household Chemicals

      6. 2.3.6 Other End-user Industries

Myanmar Packaging Market Size FAQs

The Myanmar Packaging Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

Daibochi Packaging [Myanmar] Co.,Ltd., Oji Myanmar Packaging Co., Ltd., Can-One Berhad, Ball Corporation and Double Packing Myanmar Co., Ltd are the major companies operating in the Myanmar Packaging Market.

Myanmar Packaging Market Report Snapshots

Myanmar Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)