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

Thailand Rigid Plastic Packaging Market Analysis

The Thailand Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 1.91 Million metric tons in 2024 to 2.47 Million metric tons by 2029, at a CAGR of 5.28% during the forecast period (2024-2029).

• The United States Department of Agriculture (USDA) reported that Thailand has the second-largest GDP in the ASEAN region. The nation is home to a vibrant and expanding consumer market bolstered by a rapidly growing middle class. The Bank of Thailand has projected a 3.6% growth for the Thai economy this year, with an uptick to 3.8%.
• As per the USDA, rising consumer spending on convenient food products is fueling the demand for processed and packaged foods in Thailand, subsequently boosting the need for rigid plastic packaging solutions. Moreover, the market for ready-to-eat foods produced in Thailand sees a balanced split between domestic consumption and exports, further energizing the packaging industry. The burgeoning Thai food e-commerce sector has also spurred a rise in the consumption of convenience foods, ready meals, and processed items.
• Thai consumers, driven by a growing appetite for premium products, seek sophisticated flavors and are increasingly mindful of their nutritional intake. This shift has made them more willing to invest in functional products, such as drinks crafted from organic and natural ingredients, thereby energizing the country's beverage sector and amplifying the demand for plastic bottles.
• In Thailand, manufacturers such as Aptar Group Inc., Berry Global Inc., and Amcor Group GmbH are channeling their R&D efforts into creating bottles, containers, trays, jars, and caps. These products, made from Polyethylene (PE) and Polypropylene (PP), cater to diverse sectors including beverages, food, pharmaceuticals, and personal care. Furthermore, these major players are rolling out innovative and customizable rigid plastic products, especially in design and color, further propelling market growth.
• Yet, the market faces a significant hurdle mounting environmental concerns over plastic packaging waste. Thailand's surging plastic production, largely driven by heightened food and beverage consumption, is exacerbating the issue. The mismanagement of plastic waste, especially its entry into water bodies, intensifies the country's plastic waste dilemma, posing challenges to market expansion.

Thailand Rigid Plastic Packaging Market Trends

Polyethylene Terephthalate (PET) Segment is Estimated to Have the Largest Market Share

Thailand Rigid Plastic Packaging Industry Segmentation

The scope of the study characterizes the rigid plastic packaging market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-use industries such as Food, Pharmaceuticals, Beverage, Personal Care, Industrial and Automotive, and more. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.

The Thai rigid plastic packaging market is segmented by Product Type (Bottles and Jars, Trays and Containers, Caps and Closures, Intermediate Bulk Containers (IMCs), Drums, Pallets, and Other Product Types), Material Type (Polyethylene (PE) (LDPE & LLDPE and HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC), and Other Rigid Plastic Packaging Materials), and by End-Use Industries (Food (Candy & Confectionary, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry and Seafood, Pet Food and Other Food Products), Foodservice (Quick Service Restaurants, Full Service Restaurants, Coffee and Snack Outlets, Retail Establishments, Institutional, Hospitality and Other Foodservice End-uses), Beverage, Healthcare, Cosmetics and Personal Care, Industrial, Building and Construction, Automotive and Other End-Use Industries (Household Products, and Logistics)). The market sizing and forecasts are provided in terms of volume (tons) for all the above segments.