Market Size of Thailand Folding Carton Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.52 Billion |
| Market Size (2029) | USD 3.33 Billion |
| CAGR (2024 - 2029) | 5.74 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thailand Folding Carton Packaging Market Analysis
The Thailand Folding Carton Packaging Market size is estimated at USD 2.52 billion in 2024, and is expected to reach USD 3.33 billion by 2029, growing at a CAGR of 5.74% during the forecast period (2024-2029).
- A folding carton is an eco-friendly packaging solution and a great alternative to plastic because it is cost-effective and adaptable. Most containers use folding cartons and cylinder boards made from the pulp from reprocessed, recycled paper. Food cartons are manufactured from higher quality, lighter solid sulfate boards coated with plastic.
- The industries where folding cartons are mostly used include the food and beverage industry, personal care industry, healthcare industry, household care industry, and others. The country is experiencing a significant shift from plastic to the adoption of paper-based packaging, which is expected to generate incremental opportunities for manufacturers in the folding carton packaging market. Since consumers are becoming increasingly aware of the adverse effects of plastic on the environment, manufacturers are capitalizing on this opportunity to innovate in eco-friendly solutions.
- Paper-based packaging is being increasingly used for packaging dairy products. The most prevalent type of cardboard used for packaging dairy products is the folding whiteboard carton box. It is suitable for frozen desserts, milk, or butter, as it is coated with wax or plastic, making the paper heat sealable. Liquid cartons are the most common type of paper packaging used for dairy products.
- The prices of the raw materials for folding carton packaging are volatile. Manufacturers have to adjust the end price or reduce the cost of operations to maximize profit. Most raw materials, such as chemicals, are derived from crude oil, primarily utilized during manufacturing. The fluctuating price of raw materials is restraining the market growth.
- Online shopping is gradually becoming a major mainstream in Thailand, with more consumers preferring it due to its convenience. This shift became even more prevalent during the COVID-19 pandemic, with the strict lockdown and social distancing rules. These factors are expected to drive the folding carton packaging market.
