Publication: Market Study for Malaysia: Plastics Circularity Opportunities and Barriers
Date
2021-03-22
ISSN
Published
2021-03-22
Author(s)
World Bank Group
Abstract
Plastics are an integral and important part of the global and Malaysian economy.
Since the 1950’s, the use of plastic products globally has expanded twenty-fold,
reaching 360 million tons in 2018 due to their low cost, various functional
properties, durability and wide range of applications. In Malaysia, the plastic industry
contributed RM 30.98 billion (USD 7.23 billion) to the national economy, representing
4.7% of Malaysia’s GDP, in 2018. Mismanaged plastic waste has growing economic and environmental consequences. Malaysia is playing an active role at the regional level and setting ambitious national goals. This study addresses a critical need for a market assessment of the plastics value chain in Malaysia.
Citation
“World Bank Group. 2021. Market Study for Malaysia : Plastics Circularity Opportunities and Barriers. East Asia and Pacific Region Marine Plastics Series;. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/35296 License: CC BY 3.0 IGO.”