Analyzing the forecasted import data of plastics waste or scrap to Malaysia, we observe a consistent year-on-year growth from $223.75 million in 2024 to $265.86 million by 2028. From 2024 to 2025, there is a 4.85% increase, followed by a 4.53% rise from 2025 to 2026. The subsequent years also show a stable upward trend: 4.26% from 2026 to 2027 and 4% from 2027 to 2028. The compound annual growth rate (CAGR) over the five years is approximately 4.41%, indicating a steady growth pattern.
Future trends to watch for include potential regulatory changes impacting plastics waste imports, advancements in recycling technology, and shifting global market dynamics influenced by sustainability initiatives. Monitoring these factors will be crucial for accurate forecasting and strategic planning.
