Thailand Plastic Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Thailand Plastic Manufacturers and is segmented by Type (Traditional Plastics, Engineering Plastics, and Bioplastics) and Application (Packaging, Electrical and Electronics, Building and Construction, Automotive and Transportation, Furniture and Bedding, and Other Applications). The report offers market size and forecasts for the Thailand plastics market in terms of value (USD million) for all the above segments.

Thailand Plastic Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Thailand Plastic Market Size

Thailand Plastics Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 5.00 %
Market Concentration High

Major Players

Thailand Plastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Thailand Plastics Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Thailand Plastic Market Analysis

The Thailand Plastics Market is expected to register a CAGR of greater than 5% during the forecast period.

The market was negatively impacted by COVID-19. The production of plastics was reduced due to disruptions in the supply chain. However, the sector has been recovering well since restrictions were lifted. The rise in the level of industrial activities is likely to positively impact the studied market.

  • Over the short term, increasing usage of plastics in building and construction, and rising demand for food and beverage packaging, are some factors driving the market growth.
  • On the flip side, stringent government regulations resulting in the plastic ban are expected to hinder market growth during the forecast period.
  • Increasing investments in biodegradable plastics will likely create opportunities for the market in the coming years.

Thailand Plastic Industry Overview

The plastics market in Thailand is partially consolidated in nature. The major companies include Indorama Ventures Public Company Limited, SCG Chemicals Co. Ltd, INEOS Styrolution Group GmbH, COVESTRO AG, and THAI PLASTIC INDUSTRIES CO. LTD, among others (not in any particular order).

Thailand Plastic Market Leaders

  1. Indorama Ventures Public Company Limited

  2. SCG Chemicals Co., Ltd.

  3. INEOS Styrolution Group GmbH

  4. THAI PLASTIC INDUSTRIES CO., LTD.

  5. COVESTRO AG

  6. *Disclaimer: Major Players sorted in no particular order
Thailand Plastics Market Concentration
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Thailand Plastic Market News

  • December 2022: the Thailand-based major producer and distributor of polypropylene or PP resin company, named HMC Polymers company limited or HMC Polymers, announced to open of the fourth production line of the polypropylene plant (PP4 plant) in Map Ta Phut Industrial Estate, Rayong Province, Thailand, with an investment of over THB 8,000 million (USD 244.13 million). This new plant will help the company reinforce its leadership in the PP resin industry in the Southeast Asian region. The 4th production facility of HMC Polymers will increase the company's production capacity from 810,000 tons per annum to 1,060,000 tons per annum.
  • October 2022: HMC Polymers launched a platform named PP Reborn. This is a platform for managing PP plastics and others types of plastics in Thailand. This platform will help increase knowledge and understanding of sorting activities in the plastics segment and will also help in collecting orphaned plastic glasses. These collected plastics will be brought back into the production system according to the circular economy principles.

Thailand Plastic Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Usage of Plastics in Building and Construction
    • 4.1.2 Rising Demand from Food and Beverage Packaging
  • 4.2 Restraints
    • 4.2.1 Stringent Government Regulations Resulting in Plastic Ban
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Traditional Plastics
    • 5.1.1.1 Polyethylene
    • 5.1.1.2 Polypropylene
    • 5.1.1.3 Polystyrene
    • 5.1.1.4 Polyvinyl Chloride
    • 5.1.2 Engineering Plastics
    • 5.1.2.1 Polyethylene Terephthalate (PET)
    • 5.1.2.2 Polyamides
    • 5.1.2.3 Polycarbonates
    • 5.1.2.4 Styrene Copolymers (ABS and SAN)
    • 5.1.2.5 Polybutylene Terephthalate (PBT)
    • 5.1.2.6 Polymethyl Methacrylate (PMMA)
    • 5.1.2.7 Other Engineering Plastics
    • 5.1.3 Bioplastics
  • 5.2 Application
    • 5.2.1 Packaging
    • 5.2.2 Electrical and Electronics
    • 5.2.3 Building and Construction
    • 5.2.4 Automotive and Transportation
    • 5.2.5 Furniture and Bedding
    • 5.2.6 Other Applications

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Covestro AG
    • 6.4.2 HMC Polymers Thailand
    • 6.4.3 Indorama Ventures Public Company Limited
    • 6.4.4 INEOS Styrolution Group GmbH
    • 6.4.5 PTT Global Chemical Public Company Limited
    • 6.4.6 SCG Chemicals Co. Ltd
    • 6.4.7 Thai Plastic Industries Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Investments in Biodegradable Plastics
**Subject to Availability
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Thailand Plastic Industry Segmentation

Plastics are semi-synthetic or synthetic materials, with polymer as the vital ingredient. It is also defined as polymers having long carbon chains. Plastic has the capability of being molded or shaped generally by the application of pressure and heat. The raw materials used to produce plastics include cellulose, coal, natural gas, salt, crude oil, etc. The Thailand plastics market is segmented by type and application. By type, the market is segmented into traditional plastics, engineering plastics, and bioplastics. By application, the market is segmented into packaging, electrical and electronics, building and construction, automotive and transportation, furniture and bedding, and other applications. The report offers the market sizes and forecasts for each segment on the basis of value (USD million).

Type Traditional Plastics Polyethylene
Polypropylene
Polystyrene
Polyvinyl Chloride
Engineering Plastics Polyethylene Terephthalate (PET)
Polyamides
Polycarbonates
Styrene Copolymers (ABS and SAN)
Polybutylene Terephthalate (PBT)
Polymethyl Methacrylate (PMMA)
Other Engineering Plastics
Bioplastics
Application Packaging
Electrical and Electronics
Building and Construction
Automotive and Transportation
Furniture and Bedding
Other Applications
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Thailand Plastic Market Research FAQs

What is the current Thailand Plastics Market size?

The Thailand Plastics Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Thailand Plastics Market?

Indorama Ventures Public Company Limited, SCG Chemicals Co., Ltd., INEOS Styrolution Group GmbH, THAI PLASTIC INDUSTRIES CO., LTD. and COVESTRO AG are the major companies operating in the Thailand Plastics Market.

What years does this Thailand Plastics Market cover?

The report covers the Thailand Plastics Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thailand Plastics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Thailand Plastic Industry Report

Statistics for the 2025 Thailand Plastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Plastics analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Thailand Plastic Market Report Snapshots