Malaysia faces 40% PET plastic price surge due to US-Iran conflict disruptions

Malaysia's PET resin shortage has caused a 40% price increase, impacting packaging supplies amid geopolitical tensions. The conflict involving Iran has disrupted global resin supply chains, leading to shortages in Malaysian milk bottles, food containers, and cleaning products. Ongoing tensions suggest further supply disruptions and price hikes are likely unless geopolitical issues are resolved or alternative supply routes are established.