Circular Economy, Management, Recycling, Disposal
March 22, 2021
The World Bank
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.