Market Research Report
Thailand Flexible Packaging Market - 2021 - 2028
|Thailand Flexible Packaging Market - 2021 - 2028|
Published: December 17, 2021
Content info: 185 Pages
Delivery time: 1-2 business days
The Thailand Flexible Packaging Market is expected to grow at a high CAGR of 3% during the forecasting period (2021-2028).
Flexible packaging refers to a package or material made of flexible and easily yielding materials, that when filled or closed can be readily changed into multiple shapes. It is composed of plastics, papers, and metals as the critical components of flexible packaging products, which are made from foil, paper sheets, laminated paper, and plastic layers.
Drivers and Restraints
Flexible packaging products have the advantage to produce in various shapes and sizes at a low cost. It offers convenient features such as zip-locks and plastic closures. Due to their convenience and functionality, it is widely used in packaging food products. These are some of the factors propelling the market growth.
The flexible packaging market is impacted by the low rate of recyclability at the global level. Most of the plastic waste is mainly comprised of low-value plastic packaging items. However, Low-value flexible packaging materials are difficult to recycle, for reusing them in packaging. These are some of the factors restraining the market growth
By Packaging Form
By packaging form, the Thailand flexible packaging market is bifurcated into Pouches, Bags, Wraps, Roll Stocks, Blister, and Strip Packs.
Among all, flexible packaging bags have a significant demand from the food and beverage market with plastic being the is the most used material. Additionally, High growth in the retail and snacks market is driving the growth of the market.
By Raw Material
By the Raw Material, the Thailand flexible packaging market is segmented into Plastics, Paper, Aluminium Foils, and Multilayer.
Among all, the Plastic segment accounts for the largest market by value and volume owing to its properties such as High adaptable nature, easy to convert to any shape, highly flexible, durable quality.
However, increasing costs of the raw materials, increasing production costs, stringent regulations, and consumer preference towards the use of eco-friendly products are the major factors restraining the growth of the market
By the Application, the Thailand flexible packaging market is segmented into Food & Beverage, Healthcare, Personal and Household Care, and Others.
The Food & Beverage segment has one of the largest shares in Thailand's packaging industry, due to the increasing women workforce, changing lifestyles, altering food habits, and rising demand for convenient food products. Additionally, Increasing technological innovations, growing demand for convent packaging are some of the major driving factors for the Thailand flexible packaging market.
Market Key Companies
Amcor, Inno Pack, Huhtamaki Group, Prepack Thailand, Pongslip Plastic Company, Siam Flexible Company, Thug Hua Sinn, Sealed Air Co, Toppan Printing Co, and Tetrapak Thailand are among the few key operating players in the Thailand Flexible Packaging Market.
Identify commercial opportunities in Thailand's Flexible Packaging Market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Thailand Flexible Packaging Market by segmentation level.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key Flexible Packaging of all major market players.
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Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes