PETALING JAYA: Malaysian plastic manufacturers’ exports have seen a 10% on-year rise in orders in 2024, which they expect to sustain into 2025.

Exports are however expected to be at a slower level next year, with the help of the adoption of recycling technologies and gradual imposition of extended producer responsibility schemes to incentivise sustainable practices.

Kenanga Research stated demand for plastics remains firm from various sectors despite concerns about plastics impact on the environment, which has led the paradigm shift to managing plastic waste rather than eliminating them altogether.

Sources: The Star