Key Takeaways
- Thailand's flexible packaging market was valued at USD 2.8 billion in 2023 and is projected to reach USD 4.1 billion by 2030, growing at a CAGR of 5.6%.
- The overall Thailand packaging industry generated revenue of THB 250 billion in 2022, with a year-on-year growth of 4.2%.
- Rigid plastic packaging segment in Thailand accounted for 28% of the total packaging market share in 2023.
- Plastic packaging production capacity in Thailand increased by 12% in 2023 to 2.5 million tons.
- Thailand produced 1.8 million metric tons of flexible plastic films in 2022.
- Paperboard production in Thailand reached 4.2 million tons annually in 2023.
- Thailand's packaging consumption per capita reached 45 kg in 2023.
- Food and beverage sector consumed 55% of Thailand's total packaging in 2023.
- Plastic packaging consumption in Thailand: 3.2 million tons in 2022.
- Thailand exported packaging materials worth USD 2.1 billion in 2023.
- Plastic packaging exports from Thailand grew 11% to USD 1.2 billion in 2023.
- Paper packaging imports to Thailand: USD 450 million in 2022.
- 65% of Thailand's packaging industry adopted recyclable materials by 2023.
- Bioplastic usage in Thai packaging increased to 5% of total plastics in 2023.
- Thailand aims for 100% recyclable packaging by 2030 under national roadmap.
Thailand's packaging industry is rapidly growing and diversifying due to strong demand.
Consumption and Demand
- Thailand's packaging consumption per capita reached 45 kg in 2023.
- Food and beverage sector consumed 55% of Thailand's total packaging in 2023.
- Plastic packaging consumption in Thailand: 3.2 million tons in 2022.
- Paper packaging demand grew 9% YoY to 2.8 million tons in Thailand 2023.
- Beverage packaging consumption: 1.2 million tons in Thailand 2023.
- E-commerce packaging consumption surged 25% to THB 15 billion in 2023 Thailand.
- Pharmaceutical packaging demand: 250,000 tons in Thailand 2023.
- Consumer goods packaging consumption: 1.5 million tons annually in Thailand 2023.
- Flexible packaging consumption share: 38% of total in Thailand 2023.
- Rigid packaging demand: 2.4 million tons in Thailand 2022.
- Sustainable packaging consumption increased 18% to 400,000 tons in Thailand 2023.
- Corrugated packaging consumption: 3.8 million tons in Thailand 2023.
Consumption and Demand Interpretation
Market Size and Growth
- Thailand's flexible packaging market was valued at USD 2.8 billion in 2023 and is projected to reach USD 4.1 billion by 2030, growing at a CAGR of 5.6%.
- The overall Thailand packaging industry generated revenue of THB 250 billion in 2022, with a year-on-year growth of 4.2%.
- Rigid plastic packaging segment in Thailand accounted for 28% of the total packaging market share in 2023.
- Thailand's paper and paperboard packaging market size reached USD 1.2 billion in 2023, expected to grow at 6.1% CAGR to 2030.
- Metal packaging in Thailand saw a market value of USD 850 million in 2022, with 3.8% annual growth.
- Glass packaging market in Thailand valued at THB 45 billion in 2023, projected CAGR of 4.5% through 2028.
- Thailand's sustainable packaging market is anticipated to grow from USD 500 million in 2023 to USD 1.1 billion by 2030 at 12% CAGR.
- Food packaging segment dominated Thailand's packaging market with 42% share in 2023 revenues.
- Beverage packaging in Thailand reached USD 1.5 billion in 2022, growing 5.2% YoY.
- Pharmaceutical packaging market in Thailand valued at THB 30 billion in 2023, CAGR 7.2% forecast to 2029.
- E-commerce packaging demand drove 15% growth in Thailand's packaging market in 2023.
- Thailand packaging industry CAGR projected at 5.4% from 2024-2030, reaching USD 8.2 billion.
- Corrugated box segment grew 6.8% in Thailand in 2023 to THB 80 billion.
- Thailand packaging market valued at USD 2.8 billion in 2023, CAGR 5.6% to 2030.
- Revenue of THB 250 billion in Thailand packaging industry 2022, +4.2% YoY.
- Rigid plastics 28% market share in Thailand packaging 2023.
- Paper/paperboard USD 1.2B in 2023, 6.1% CAGR to 2030 Thailand.
- Metal packaging USD 850M Thailand 2022, 3.8% growth.
- Glass packaging THB 45B Thailand 2023, 4.5% CAGR to 2028.
- Sustainable packaging USD 500M 2023 to USD 1.1B 2030, 12% CAGR Thailand.
- Food packaging 42% share Thailand market 2023.
- Beverage packaging USD 1.5B Thailand 2022, +5.2% YoY.
- Pharma packaging THB 30B Thailand 2023, 7.2% CAGR to 2029.
Market Size and Growth Interpretation
Production Statistics
- Plastic packaging production capacity in Thailand increased by 12% in 2023 to 2.5 million tons.
- Thailand produced 1.8 million metric tons of flexible plastic films in 2022.
- Paperboard production in Thailand reached 4.2 million tons annually in 2023.
- PET bottle production in Thailand was 450,000 tons in 2023, up 8% from 2022.
- Aluminum can production capacity in Thailand stands at 5 billion units per year as of 2023.
- Glass container production in Thailand totaled 1.1 million tons in 2022.
- Thailand's rigid plastic packaging output grew 7.5% to 1.2 million tons in 2023.
- Flexible packaging production in Thailand hit 2.1 million tons in 2023.
- Corrugated board production volume in Thailand was 3.5 million tons in 2022.
- Metal packaging production in Thailand reached 800,000 tons in 2023.
- Biodegradable packaging production capacity expanded to 150,000 tons/year in Thailand by 2023.
- Injection molded plastic packaging output in Thailand: 900,000 tons in 2023.
- Blow molded containers production: 600,000 tons in Thailand 2023.
- Laminated packaging films production: 500,000 tons annually in Thailand 2023.
Production Statistics Interpretation
Sustainability and Innovations
- 65% of Thailand's packaging industry adopted recyclable materials by 2023.
- Bioplastic usage in Thai packaging increased to 5% of total plastics in 2023.
- Thailand aims for 100% recyclable packaging by 2030 under national roadmap.
- 40% reduction in single-use plastic packaging targeted by Thailand govt 2024-2027.
- Adoption of digital printing in packaging reached 25% in Thailand 2023.
- Smart packaging with QR codes used in 15% of Thai food products 2023.
- Nanotechnology in packaging films: 10% market penetration in Thailand 2023.
- Active packaging solutions grew 20% in Thailand's pharma sector 2023.
- 30% of Thai packaging firms invested in automation by 2023.
- Edible packaging trials covered 2% of snack market in Thailand 2023.
- Thailand's packaging recycling rate improved to 35% in 2023.
- Barrier coatings innovation reduced plastic use by 15% in Thai flexible packs 2023.
- 50 Thai firms certified for FSC sustainable paper packaging in 2023.
Sustainability and Innovations Interpretation
Trade (Exports/Imports)
- Thailand exported packaging materials worth USD 2.1 billion in 2023.
- Plastic packaging exports from Thailand grew 11% to USD 1.2 billion in 2023.
- Paper packaging imports to Thailand: USD 450 million in 2022.
- Thailand's flexible packaging exports reached 800,000 tons in 2023.
- Metal packaging exports from Thailand: USD 300 million in 2023.
- PET preforms exports: USD 250 million from Thailand 2023.
- Thailand imported 1.5 million tons of plastic resins for packaging in 2023.
- Corrugated board exports: 500,000 tons from Thailand in 2022.
- Glass packaging imports: USD 150 million to Thailand 2023.
- Thailand's packaging trade surplus was USD 1.8 billion in 2023.
- Top export destination for Thai packaging: USA with USD 400 million in 2023.
- Imports of aluminum foil for packaging: 100,000 tons to Thailand 2023.
- Thailand's biodegradable packaging exports doubled to USD 50 million in 2023.
Trade (Exports/Imports) Interpretation
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