Thailand Metal Packaging Market Size (2024 - 2029)

The Thailand metal packaging market is experiencing growth driven by increasing demand for aluminum cans, particularly due to the rising consumption of beer and energy drinks. The market's expansion is supported by the durability and strength of metal packaging materials, which are preferred for their ability to protect contents during handling and distribution. Environmental considerations, such as the recyclability of metals, are also contributing to market growth, aligning with national efforts to promote sustainable practices. Additionally, the tourism and beverage sectors are boosting demand, although challenges such as the shift to plastic bottles and the impacts of the COVID-19 pandemic and geopolitical tensions have posed obstacles.

Market Size of Thailand Metal Packaging Industry

Thailand Metal Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.71 Billion
Market Size (2029) USD 2.16 Billion
CAGR (2024 - 2029) 4.11 %
Market Concentration Low

Major Players

Thailand Metal Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

Thailand Metal Packaging Market Analysis

The Thailand Metal Packaging Market size is estimated at USD 1.71 billion in 2024, and is expected to reach USD 2.16 billion by 2029, growing at a CAGR of 4.11% during the forecast period (2024-2029).

  • The metal packaging market is vital to the Thailand packaging industry, offering robust and reliable solutions across various sectors. The study delves into the intricate dynamics of the metal packaging market, categorizing it into two primary segments: the industrial and metal cans markets.
  • The Thai metal packaging market demonstrates resilience and growth, driven by diverse factors such as increasing industrial activities, expanding food and beverage consumption, and growing environmental awareness. Industrial metal packaging, including IBCs, bulk containers, drums, and closures, witnesses steady demand from sectors like chemicals, lubricants, and agricultural products due to their durability and protective qualities.
  • The metal cans segment is experiencing strong growth in the region, driven by the growing demand for storage cans for packaged food and beverages and aerosol cans for various end-users, including cosmetics, automotive and industrial, paints and varnishes, pharmaceuticals, etc. Adopting sustainable packaging solutions increases the demand for metal packaging, which is recyclable and eco-friendly. Consumer preferences are changing, and regulatory measures favor eco-friendly packaging.
  • The Thai metal packaging market will continue to grow, providing new opportunities for innovation and cooperation between industry players worldwide. For instance, Toyo SC Holdings, the Japanese parent company of the specialty chemicals company Toyo Ink Group, announced that, on March 2023, it and its consolidated subsidiary, Toyo Ink Thailand, entered into a share purchase agreement to acquire 100% of Thai Eurocoat, a manufacturer of external paints for nonprinted cans in the Thai canned food market.
  • Aluminium is a highly recyclable material. It is almost 100% recyclable with minimal loss. Ann aluminum soda can can can be recycled into a new can of nearly the exact same size. According to Thai Beverage Can Ltd.,nearly 75% of all aluminium produced over the years is still in use. In Thailand, aluminium cans can be recycled more than 90%.
  • Metal packaging is facing a lot of competition from other packaging solutions. Materials like plastic packaging solutions are among the alternative packaging options in the industry. Plastic packaging is the main competitor of metal packaging in many industries for large-scale storage and transportation. The food and beverage industry, the primary user of metal cans, has started adopting recyclable plastic packaging solutions. Plastic cans are transparent, which helps brands to show their food's quality. Further, the government's efforts to promote environmentally friendly storage materials limit market growth.

Thailand Metal Packaging Industry Segmentation

Metal packaging is a long-lasting packaging solution for industrial and consumer applications. It mainly comprises steel and aluminum and is used primarily for B2B applications. The market for metal packaging is limited to the B2B market. Metal packaging offers outstanding qualities such as durability, flexibility, and cost-efficiency. These advantages set it apart from other packaging options for industrial applications. Aluminum is a relatively easy metal to sterilize for packaging. Its high barrier protection and high strength make it an excellent packing material. The Thailand Metal Packaging Market tracks the demand for metal packaging products based on the relative consumption across various end-users considered under the scope.

The Thailand Metal Packaging Market is Segmented by Material Type (Aluminum, Steel), Product Type (Cans (Food Cans, Beverage Cans, Aerosol Cans), Bulk Containers, Shipping Barrels and Drums, Caps and Closures, Other Product Types), and End-User Vertical (Beverage, Food, Paints and Chemicals, Industrial, Other End User Vertical). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Material Type
Aluminum
Steel
By Product Type
Cans
Food Cans
Beverage Cans
Aerosol Cans
Bulk Containers
Shipping Barrels and Drums
Caps and Closures
By End-User Vertical
Beverage
Food
Paints and Chemicals
Industrial
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Thailand Metal Packaging Market Size Summary

The Thailand Metal Packaging Market is experiencing significant growth, driven by the increasing demand for aluminum cans, particularly in the beverage sector. This growth is supported by the country's economic expansion and the rising popularity of beer and energy drinks. Metal packaging, including aluminum and steel cans, is favored for its durability and strength, making it ideal for packaging a variety of products. The market is also benefiting from the emphasis on sustainability, with metal packaging solutions being recyclable and environmentally friendly. Initiatives like Thailand's efforts to support circular economies and the use of recyclable materials in packaging further bolster the market's expansion. The tourism sector's growth, which demands aesthetically pleasing and travel-friendly packaging, also contributes to the market's development.

The market is characterized by a high level of fragmentation, with numerous international and domestic players investing in Thailand. Prominent global companies such as Toyo Seikan, Ball Corporation, and Crown Holdings Inc. have established a presence in the country, often through joint ventures with local partners. Recent investments, such as the establishment of the Crown TCP aluminum can plant, highlight the ongoing commitment to expanding production capacities. The market's growth is also supported by the increasing demand for canned foods and beverages, driven by changing consumer habits and the rise of ready-to-eat meals. Despite challenges posed by the COVID-19 pandemic and geopolitical tensions, the market continues to thrive, with a focus on sustainable and innovative packaging solutions.

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Thailand Metal Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter Five Forces

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Aluminum

      2. 2.1.2 Steel

    2. 2.2 By Product Type

      1. 2.2.1 Cans

        1. 2.2.1.1 Food Cans

        2. 2.2.1.2 Beverage Cans

        3. 2.2.1.3 Aerosol Cans

      2. 2.2.2 Bulk Containers

      3. 2.2.3 Shipping Barrels and Drums

      4. 2.2.4 Caps and Closures

    3. 2.3 By End-User Vertical

      1. 2.3.1 Beverage

      2. 2.3.2 Food

      3. 2.3.3 Paints and Chemicals

      4. 2.3.4 Industrial

Thailand Metal Packaging Market Size FAQs

The Thailand Metal Packaging Market size is expected to reach USD 1.71 billion in 2024 and grow at a CAGR of 4.11% to reach USD 2.16 billion by 2029.

In 2024, the Thailand Metal Packaging Market size is expected to reach USD 1.71 billion.

Thailand Metal Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)