Market Trends of Thailand Packaging Industry
This section covers the major market trends shaping the Thailand Packaging Market according to our research experts:
Plastic is Expected to Hold a Significant Share
- The Thailand packaging market is distinguished by packaging that improves the usefulness of goods through, among other things, on-the-go packs, sustainable packs, or customized packs. The polyethylene (PE) market in the area is expanding as a result of this tendency. Plastic bags, plastic films, and geomembranes are commonly packaged with polyethylene. This thermoplastic resin is thin, somewhat crystalline, and has strong chemical resistance, little moisture absorption, and sound-insulating qualities.
- The country's need for PE resin for packaging is expected to soar throughout the projected period, mostly because of the intelligent value chain. Industrial production is changing as a result of Industry 4.0 and the Internet of Things (IoT), and this is opening up new prospects for the PE value chain. The greater traceability provided by Industry 4.0 is expected to play a significant role in ensuring that the package composition can be monitored, particularly where recycled content is present, from the creation of the package through the end product being put on the retail shelf.
- The risk of health problems brought on by prolonged use of the materials is included in the usage of plastics with hot meals. TSH, HCY, and A1C are all favorably correlated with daily usage of plastics with hot meals, but vitamin E, zinc, and selenium concentrations are adversely correlated. The complicated hormonal and metabolic anomalies connected to the release of certain components caused by the usage of plastics with hot meals are the main focus of future studies on the technology.
- Linear low-density polyethylene (LLDPE) bags feature moderate clarity and are used to manufacture food bags, newspaper bags, shopping bags, and garbage bags. Medium-density polyethylene (MDPE) is commonly used to manufacture garbage bags and in consumer packaging for paper products, such as toilet paper or paper towels.
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Food Industry to Drive Market Growth
- One-fourth of Thailand's GDP is generated by the food and beverage sector, which makes a substantial economic contribution to the nation, as stated by World Bank. Rice, canned tuna, sugar, pork, cassava products, and canned pineapple are some of the main food exports. Thai food exports were valued at USD 34.6 billion in 2021, up 11.8% from 2020, according to the National Food Institute.
- Also, the Thailand Plastics Industry Association reports that there is a growing market for plastic packaging in Thailand. Pharmaceuticals, home goods, food and beverage, and flexible plastic-based projects are among the projected items and industries to see demand. Plastic is convenient and often used in food packaging because it is inexpensive, easily processed, formable, chemically resistant, lightweight, and has a wide range of physical qualities.
- Over the past few years, Thailand has seen a significant increase in spending on bakery goods and cereal bars, short-run ready meals and coffee or hot chocolate sticks and pouches, dry foods (instant soup, gravy and sauce packets, rice, and food mixes), snack foods and nuts, spice foods, chocolates and sweets, ice-cream novelty items, and bakery goods like cookies (biscuits), cakes, and chips.
- The market is now experiencing a rise in demand for frozen food packaging as a result of customer appreciation of the product quality. The need for frozen food packaging has expanded in Thailand due to the country's expanding economy and evolving lifestyles, and the industry is anticipated to expand profitably over the next years.
- The market is also significantly impacted by the retail industry's complexity and competitiveness. Modern retail trade locations with a wider selection of frozen food items, such as supermarkets and convenience stores, are more often used. Shrink films, flexible bags, lidding films, high barrier thermoforming films, and skin films are all being adopted at previously unheard-of rates in several new countries for frozen food packaging.
