Fastest Growing companies of Bio-based Materials in Malaysia

Here’s an overview of some of the fastest-growing companies in the bio-based materials sector in Malaysia:

1. Sime Darby Plantation Berhad

• Website: www.simedarbyplantation.com

• Headquarters: Selangor, Malaysia

• Estimated Revenue (2023): USD 10 billion

• Employees: Approximately 80,000

• Main Business: Production of palm oil and development of bio-based products such as biodegradable plastics and biofuels

• Growth Drivers: Innovation in sustainable palm oil derivatives, expansion in bioplastics, and global demand for renewable resources

2. Malaysian Bio-XCell Sdn Bhd

• Website: www.bio-xcell.com

• Headquarters: Johor, Malaysia

• Estimated Revenue (2023): USD 50 million

• Employees: Approximately 200

• Main Business: Bio-manufacturing and industrial biotechnology park focused on bio-based materials and sustainable bioproducts

• Growth Drivers: Strategic location in the Iskandar Malaysia region, attracting international investments, and partnerships with global biotech companies

3. Duopharma Biotech Berhad

• Website: www.duopharmabiotech.com

• Headquarters: Selangor, Malaysia

• Estimated Revenue (2023): USD 300 million

• Employees: Approximately 1,000

• Main Business: Development and production of pharmaceutical and bio-based materials, including biodegradable polymers and bio-based healthcare products

• Growth Drivers: Expanding R&D in bio-based healthcare products, strong domestic and regional demand, and government support for the biotech sector

4. Biocorp Sdn Bhd

• Website: www.biocorp.com.my

• Headquarters: Penang, Malaysia

• Estimated Revenue (2023): USD 20 million

• Employees: Approximately 150

• Main Business: Manufacturing of bio-based packaging solutions, including biodegradable plastics and compostable materials

• Growth Drivers: Growing demand for eco-friendly packaging, expansion in both domestic and export markets, and increasing consumer awareness of environmental issues

5. Felda Global Ventures Holdings Berhad (FGV)

• Website: www.fgvholdings.com

• Headquarters: Kuala Lumpur, Malaysia

• Estimated Revenue (2023): USD 3 billion

• Employees: Approximately 50,000

• Main Business: Palm oil production and development of bio-based materials including bioplastics and bio-lubricants

• Growth Drivers: Diversification into bio-based products, leveraging palm oil resources for sustainable material development, and increasing international demand for renewable alternatives

These companies are capitalizing on the rising demand for sustainable and eco-friendly materials, with significant growth driven by innovation, strategic partnerships, and expanding markets both domestically and internationally.