COMPACK Myanmar has played a pivotal role in enhancing trade, fostering innovation, and facilitating foreign investment within Myanmar's packaging industry and beyond. As the foremost plastics and packaging industry fair, COMPACK Myanmar serves as a convergence point for local industry leaders, fostering partnerships and unlocking business opportunities.
Myanmar's packaging sector is of paramount importance to its economy, serving diverse industries including food and beverages, pharmaceuticals, cosmetics, consumer goods, and industrial products. It not only ensures secure product transport but also serves as a branding and marketing tool for businesses. In recent years, Myanmar's packaging industry has experienced substantial growth, buoyed by economic development and increased consumer purchasing power. This expansion has given rise to new packaging enterprises and the expansion of existing ones. Myanmar produces a range of packaging materials and products, encompassing paper-based, flexible, plastic, glass, metal, and corrugated packaging, catering to diverse sectors such as food and beverages, personal care, pharmaceuticals, and household goods.
Myanmar is an emerging market with a thriving economy. COMPLAST Myanmar 2024 will encompass a wide array of products and services, including raw materials, machinery and equipment, finished products, and services such as recycling, testing, and certification. The event offers a prime platform for businesses to connect with potential customers, suppliers, and partners, as well as gain insights into the latest industry trends and technologies. This exhibition can serve as a gateway for expanding your business into the Southeast Asian market. Importantly, Myanmar is also embracing environmentally friendly solutions to meet the demand for eco-conscious products and technologies.
Bilateral trade between India and Myanmar is poised for significant growth, reaching well beyond the current $1.76 billion, with the establishment of the RUPEE TRADE settlement mechanism. The RBI has already enabled payments in Indian Rupees, and Myanmar intends to initiate currency convertibility for the Indian Rupee in trade. The Vostro accounts are expected to be fully operational by early 2024, following a June 2023 meeting. This presents a golden opportunity for Indian businesses to establish a strong foothold in the Myanmar Market.
An effective networking platform for industry players to establish global connections and business partnerships.
Opportunities for exhibitors to elevate brand visibility and engage high-profile buyers and decision-makers.
Attendees can readily acquire valuable insights and domain knowledge on the latest industry innovations.
The preferred exhibition for presenting comprehensive technical developments, procedures, techniques, and future trends.
Myanmar's most experienced exhibition, backed by years of industry expertise.