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Packaging Sector Set For Reprieve From Higher Resin Prices
Publish date: 2026-07-15
The plastic packaging sector is poised for a major 2026 turnaround. Geopolitical conflict in the Middle East has driven crude oil up, causing global resin prices to surge by an average of over 80%.
Established manufacturers are expanding profit margins despite the increase. Utilizing a cost-plus pricing model, they can successfully pass raw material expenses directly to consumers while selling cheaper, pre-existing inventories at elevated market prices.
Kenanga Research forecasts strong earnings growth and elevated customer order volumes. Leading sector picks like Thong Guan Industries Bhd and BP Plastics Holding Bhd are expected to see the highest financial reprieve.
Established manufacturers are expanding profit margins despite the increase. Utilizing a cost-plus pricing model, they can successfully pass raw material expenses directly to consumers while selling cheaper, pre-existing inventories at elevated market prices.
Kenanga Research forecasts strong earnings growth and elevated customer order volumes. Leading sector picks like Thong Guan Industries Bhd and BP Plastics Holding Bhd are expected to see the highest financial reprieve.
Source: Business Today