Thailand Packaging Market Size (2024 - 2029)

Thailand Packaging Market Analysis

The Thailand packaging market is anticipated to register a CAGR of 8.65% over the forecast period (2022-2027). Thailand's economic expansion has led to a steady rise in both the production and consumption of packaging goods throughout time. The Thailand packaging industry is expanding and making a substantial economic contribution. This is as a result of the growing need for packaging supplies that are appropriate for anything and can be used to pack anything.

• The Thailand packaging industry has consistently grown over the past 10 years due to changes in substrate preferences, the opening of new markets, and shifting ownership dynamics. Sustainability and environmental concerns may still be highlighted, especially in developed nations, and the industry is seeing a variety of technologies that cater to paper and plastic packaging.
• Moreover, consumption of non-recyclable plastic packaging is on the rise. As a result, there could be less need for secondary packaging and increasing demand for environmentally friendly packaging materials including paper and board, recovered PET (rPET), and bioplastic
• Flexible packaging may eventually supplant conventional packaging. For a variety of food goods, high-barrier films and stand-up retort pouches may compete with rigid pack forms like metal cans and glass jars. Consumers' need for convenience in food may be met via microwaveable ready meals, more portable packaging, packaging for consumption on the go, and convenience features like easy-open and reseal components.
• Furthermore, the complexity and level of competition in the retail industry is another important aspect with an influence on the market. Modern retail trade shops, such supermarkets and convenience stores, which may stock a wider variety of frozen food goods, are more widely used. Flexible packaging for frozen foods, such as shrink films, flexible bags, lidding films, high barrier thermoforming films, and skin films, are being adopted at previously unheard-of rates in a number of growing countries.
• While regulations emerging on plastic usage could restrain the growth of flexible packaging in Thailand. For instance, on June 2021, five proposed food contact regulations were submitted to the World Trade Organization by the Thai Industrial Standards Institute. Regarding the materials and safety requirements for single-use and reuse under various application scenarios for various polymers, three regulations apply to plastic utensils used for food preparation, storage, or consumption. Similar requirements are set out in the following two rules for both virgin plastic bags and microwavable plastic bags.
• Despite this, the growth of the e-commerce and delivery industries, along with the COVID-19 epidemic, has led to an increase in demand for flexible packaging in general as well as plastic bags and seals in particular. The TPBI, Thailand's largest plastic manufacturer, claims that beginning March 2020, the company's sales of plastic bags and e-commerce packaging have increased.

Thailand Packaging Industry Segmentation

The Thailand packaging market is segmented by Packaging Material (Plastic, Paper, Paperboard, Glass, Metal), Packaging Type (Flexible Packaging (Pouches, Bags, Packaging Films), Rigid Packaging (Bottles and Jars, Corrugated Boxes and Folding Cartons, Metal Cans, Drums, Bulk Containers)), and End User (Food, Beverage, Beauty and Personal Care, Industrial, Pharmaceutical).