Thailand Plastic Packaging Market (2024-2030) | Outlook, Companies, Share, Revenue, Growth, Trends, Analysis, Size, Value, Forecast & Industry

Thailand Plastic Packaging Market Synopsis

The Thailand plastic packaging market is projected to grow at a CAGR of 6.2% during the forecast period from 2020 to 2026. The increasing demand for convenience foods, beverages, and consumer goods are driving the growth of plastic packaging market in Thailand. Moreover, rising trend towards single-use plastics due to their cost effectiveness and high barrier properties boosts the market further. However, stringent government regulations over plastic material usage is expected to hinder the growth of this market during the forecast period from 2020 to 2026.

Market Drivers

Plastic packaging materials provides longer shelf life for food products such as frozen vegetables, snacks and other ready-to-eat items compared other traditional packaging materials. This has led to an increase in demand for convenience food stores across all cities in Thailand which necessitates use of more plastic packaging materials thereby driving its growth rate in Thailand region. Plastic offers high resistance against moisture absorption & oxygen transmission which makes it suitable choice for packing fragile goods like medical equipment & pharmaceuticals products etc., Thus making them remain viable & safe during transportation process leading its widespread adoption by local industries resulting into higher revenue generation opportunities.

Challenges of the Market

Due To environmental concerns there have been various strict regulations implemented by Thailand Government on usage of plastics which limits its applicability especially in certain areas like food contact applications where biodegradable or compostable alternatives are preferred instead,thus hampering overall sales prospects.

Covid-19 Impact on the Market

The outbreak of Covid-19 pandemic had dire consequences on global economy including thatofThailandas well.As safety measure many governments adviced people not travel or restrict social interactions thus leading declinein sale activities particularlyfor FMCG industry due to lockdown scenarios being adopted most countries worldwide causing stagnationin consumption levels,thereby impacting revenues generated bythis segment significantlyto large extentduring this crisis situation .

Key Players of the Market

Some major players operating inThailandplasticpackagingsolutionsmarketincludeAmcor Limited; DS Smith PLC.; Coveris Holdings SA; Bemis Company Inc.; Mondi Group PLC.; Sonoco Products Company ; Huhtamaki Oyj ; Nampak Ltd ; Sealed Air Corporation ; Clondalkin Group Holding BV among others .

Key Highlights of the Report:

• Thailand Plastic Packaging Market Outlook
• Market Size of Thailand Plastic Packaging Market, 2023
• Forecast of Thailand Plastic Packaging Market, 2030
• Historical Data and Forecast of Thailand Plastic Packaging Revenues & Volume for the Period 2020-2030
• Thailand Plastic Packaging Market Trend Evolution
• Thailand Plastic Packaging Market Drivers and Challenges
• Thailand Plastic Packaging Price Trends
• Thailand Plastic Packaging Porter's Five Forces
• Thailand Plastic Packaging Industry Life Cycle
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Rigid for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Flexible for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Bottles for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Cans for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Wraps & Films for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Bags for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Pouches for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Food & Beverages for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Industrial Packaging for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Pharmaceuticals for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Personal & Household Care for the Period 2020-2030
• Historical Data and Forecast of Thailand Plastic Packaging Market Revenues & Volume By Others for the Period 2020-2030
• Thailand Plastic Packaging Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Applications
• Thailand Plastic Packaging Top Companies Market Share
• Thailand Plastic Packaging Competitive Benchmarking By Technical and Operational Parameters
• Thailand Plastic Packaging Company Profiles
• Thailand Plastic Packaging Key Strategic Recommendations