Thailand Folding Cartons and Corrugated Packaging Market Size

Thailand Folding Cartons & Corrugated Packaging Market Analysis

The Thailand folding carton and corrugated packaging market are expected to register a CAGR of 8.42% during the forecast period. Folding cartons is one of the most used eco-friendly packaging solutions. Its ability to be produced in various sizes with a small footprint, compared to other packaging options, makes it feasible for use in different end-user industries. On the other hand, corrugated board packaging features a versatile and cost-efficient method to protect, preserve, and transport a wide range of products due to attributes such as light weight, biodegradability, and recyclability. It made an integral component of the packaging industry.

• Growth in the market studied is mainly due to the continued demand for packaged food and beverages. Likewise, ThaiBev aimed to increase the recycled paper proportion and use damaged cartons to produce corrugated cartons.
• The industries where folding cartons are mainly 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 paper-based packaging adoption, expected to generate incremental opportunities for manufacturers in the folding carton packaging market. Since consumers are becoming increasingly aware of plastic adverse effects on the environment, manufacturers are capitalizing on this opportunity to innovate in eco-friendly solutions.
• As the e-commerce demand grows, so does the packaging challenge. Sustainable packaging is an unprecedented priority for both brands and consumers. Implementing eco-packages in brand operations is no longer an option but a necessity.
• The economic development in Thailand resulted in the increased production and consumption of folding cartons and corrugated packaging products. The Thai folding carton packaging industry is witnessing growth and contributing noteworthily to the country'scountry's economy. It is because of the increasing demand for suitable packaging materials that can be used to pack anything across several end-user verticals.
• Online shopping is gradually becoming a significant 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 being in place. With the Rising E-commerce in the country, the market is increasing after the pandemic.