How will Miti and the Economy Ministry engage with the plastics industry?

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Government Tasked with Industry Engagement to Alleviate Cost Pressures

The Ministry of Investment, Trade and Industry (Miti) and the Ministry of Economy have been directed to conduct further engagements with manufacturers, including those in the plastics industry, to formulate solutions aimed at easing cost pressures stemming from the global supply crisis. This directive follows a review by the National Economic Action Council (MTEN) of measures to bolster the resilience of Malaysia's manufacturing sector.
Government Commitment to Industry Concerns

Prime Minister Datuk Seri Anwar Ibrahim has instructed Miti and the Ministry of Economy to actively engage with industry players. This initiative is a direct response to the mounting pressure manufacturers are experiencing due to the global supply crisis, with a specific focus on addressing the challenges faced by the plastics industry. The aim is to develop actionable solutions that can alleviate current cost burdens and ensure the long-term resilience of the nation's manufacturing ecosystem.
Focus on the Plastics Industry's Crucial Role

The plastics industry has been singled out for particular attention due to its integral role in supporting several key sectors. These include food packaging, electrical and electronics (E&E), automotive, and medical devices. The economic significance of this sector is substantial, with its sales value recorded at RM62.69 billion in 2025 and RM64.78 billion in 2024, with packaging constituting approximately 45 per cent of the market and the E&E sector representing 29 per cent.
Broader Implications of Industry Pressure

The economic impact of pressures on the plastics industry extends across a wide range of sectors. As highlighted by Economy Minister Akmal Nasrullah Mohd Nasir, disruptions in this sector can have cascading effects on food packaging, E&E components, automotive parts, medical devices, construction materials, agriculture, and manufactured exports. Therefore, addressing the cost pressures within the plastics industry is seen as a strategic imperative for maintaining the stability and strength of Malaysia's broader economy.

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How will Miti and the Economy Ministry engage with the plastics industry?

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