KUALA LUMPUR: The adoption of new product innovations is giving local plastic packaging manufacturers an edge over their global peers as they vie for market share amid a period of inventory restocking.
Two new products - nano stretch film and mono film - are gaining traction on the market, says Kenanga Research, as they offer a more attractive proposition in terms of sustainability.
"Nano stretch film is known for its thinner yet stronger properties that enable customers to reduce film consumption without compromising on load stability; while mono film is a fully recyclable film made up of a single type of plastic resin," said the research firm in its sector update.
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