Market Size of Thailand Plastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thailand Plastic Market Analysis
The plastics market in Thailand is projected to register a CAGR of over 4% 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.
