Packaging Industry in Thailand Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Thailand Packaging Market Analysis

The Thailand Packaging Market size is estimated at USD 15.04 billion in 2024, and is expected to reach USD 18.71 billion by 2029, growing at a CAGR of 4.46% during the forecast period (2024-2029).

Thailand's economic expansion has led to a steady rise in both the production and consumption of packaging goods throughout time. The Thailand packaging industry is expanding and making a substantial economic contribution. This is a result of the growing need for packaging supplies that are appropriate for anything and can be used to pack anything.

• The Thai packaging industry has consistently grown over the past 10 years due to changes in substrate preferences, the opening of new markets, and shifting ownership dynamics. Sustainability and environmental concerns may still be highlighted, especially in developed nations, and the industry is seeing a variety of technologies that cater to paper and plastic packaging.
• Moreover, consumption of non-recyclable plastic packaging is on the rise. As a result, there could be less need for secondary packaging and increasing demand for environmentally friendly packaging materials, including paper and board, recovered PET (rPET), and bioplastic.
• Flexible packaging may eventually supplant conventional packaging. For a variety of food goods, high-barrier films and stand-up retort pouches may compete with rigid pack forms like metal cans and glass jars. Consumers' need for convenience in food may be met via microwaveable ready meals, more portable packaging, packaging for consumption on the go, and convenience features like easy-open and reseal components.
• Furthermore, the complexity and level of competition in the retail industry are other important aspects that influence the market. Modern retail trade shops, such as supermarkets and convenience stores, which may stock a wider variety of frozen food goods, are more widely used. Flexible packaging for frozen foods, such as shrink films, flexible bags, lidding films, high barrier thermoforming films, and skin films, are being adopted at previously unheard-of rates in a number of growing countries.
• While regulations emerging on plastic usage could restrain the growth of flexible packaging in Thailand, for instance, in January 2023, the Thai Industrial Standards Institute (TISI) released the Draft Ministerial Regulation on Plastic Bags for Food (TIS 1027-25xx (20xx)). This outlines safety requirements for substances in the material, as well as specifications for marking, labeling, and testing criteria. It specifically applies to plastic bags made from virgin resin as single-layer plastic films for food packaging. It's important to note that this standard does not apply to custom-printed plastic bags with ink.

Thailand Packaging Market Trends

Plastic is Expected to Hold a Significant Share in the Market

Thailand Packaging Industry Segmentation

Packaging is the process of enclosing or containing a product in bottles, plastic bags, wrappers, paper cartons, boxes, etc. It serves the purpose of displaying useful information about the product, including its contents, weight, size, price, constituents, and necessary instructions for usage and storage. Packaging helps reduce the risk of wastage, spoilage, leakage, and evaporation during transportation and storage.

The Thai packaging market is segmented by packaging material (plastic, paper, paperboard, glass, and metal), packaging type (flexible packaging (pouches, bags, and packaging films), rigid packaging (bottles and jars, corrugated boxes and folding cartons, metal cans, drums, and bulk containers)), and end user (food, beverage, beauty and personal care, industrial, pharmaceutical, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.