Thailand Folding Carton Packaging Market Trends and Research Insights by 2026-Siam Toppan Packaging Co. Ltd, Thai Containers Group (SCG Packaging

Thailand Folding Carton Packaging Market by Component, Application, Services, and Region- Forecast to 2026

The Global Thailand Folding Carton Packaging Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Thailand Folding Carton Packaging business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Thailand Folding Carton Packaging worth chain and its wholesaler examination. Thailand Folding Carton Packaging Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Thai folding carton packaging market is expected to register a CAGR of 8.42%, during the forecast period (2021-2026).

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Top Leading Companies of Thailand Folding Carton Packaging Market are Siam Toppan Packaging Co. Ltd, Thai Containers Group (SCG Packaging), Thung Hua Sinn Group, Continental Packaging (Thailand) Co. Ltd, Oji Holdings Corporation, ASA Group Company Limited, Sarnti Packaging Co. Ltd and others.

Industry News And Updates on Thailand Folding Carton Packaging Market-

Thailand Exports To Have Significant Impact on Growth

- The food industry is the third-largest industry in Thailand, contributing 23% to the country's GDP. Major food exports include canned tuna, rice, sugar, meat, and canned pineapple. According to the National Food Institute (Thailand), Thai exports grew by 7.43% in 2018, to USD 32.2 billion.

- Additionally, there is a considerable increase in the demand for small-scale folding cartons from the beauty and personal care industry. According to the export.gov, Thailand's beauty and personal care products market was valued at USD 6.2 billion in 2018, and it is expected to reach USD 8.0 billion in 2022.

Key Market Trends Thailand Folding Carton Packaging Market-

Food and Beverage Industry in Thailand Driving Demand for Folding Carton Packaging

- The food and beverage industry is the area where companies in the country produce value-added products. The growth of this sector is powered by a huge population (67.79 million people in 2018, and it is expected to increase to 68.26 million by 2024, as per the IMF), rising incomes, and increased spending on food by growing middle-class population. As a result, the growing food and beverage sector is expected to provide significant opportunities for the market studied during the forecast period. ?

- In the food sector, there is a strong demand for packaged food. As the greater share of the population lives in Bangkok's sprawling suburbs, the demand for convenient packaged food options is growing. Moreover, rapid urbanization has increased the demand for processed foods and ready-to-eat meals in the country.

Competitive Landscape On Thailand Folding Carton Packaging Market-

In April 2020, Siam Cement is in the process of buying a Vietnamese packaging materials maker, drawn by the growth of online shopping as Southeast Asia hunkers down to avoid the coronavirus. The size of the deal has yet to be determined but estimated it would be less than 15% of the Thai groups total assets as of the end of December, which came to TBH 634.7 billion (USD 19.2 million) as per the company.

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