Thailand Flexible Packaging Market Growth and Influencing Factors from Key players: Thai Packaging & Printing Public Company Limited, Sarnti Packaging Co. Ltd

Latest released, the research study on Thailand Flexible Packaging Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Thailand Flexible Packaging Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Thailand Flexible Packaging. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Thai Packaging & Printing Public Company Limited, Sarnti Packaging Co. Ltd, Pongslip Plastic Company, and Thug Hua Sinn.

The Thai packaging market is expected to register a CAGR of 3.2% during the forecast period (2021 - 2026). 

Click the link to Get a Free Exclusive Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/05202906893/thailand-flexible-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?mode=69

Industry News and Updates:

- In February 2020, Toppan Launched Food Packaging System for Freshness Preservation and Lower Environmental Impact. The food packaging system called Green Flat addresses the need to reduce plastic packaging and can be used as an alternative to conventional skin packs.

Market Overview:

The economic growth in Thailand has resulted in the production and consumption of flexible packaging products that have increased steadily over the years. The Thailand flexible packaging market is witnessing growth and contributing significantly to the economy. This is because of the increasing demand for suitable packaging materials that can be used to pack anything.

- Moreover, the use of plastics as flexible packaging is likely to increase in Thailand in the forecast period. The rise will largely influence the increase in the packaging in demand for tobacco and the tobacco products industry. The cigarette market revenue in Thailand increased from USD 3,179.2 million in 2019 to USD 3,255.2 million in 2020, and it is further expected to boost the flexible packaging market.?
- Apart from tobacco and other tobacco products, other industries are also expected to perform well. The non-alcoholic beverages industry is expected to emerge as a major growth driver for the flexible packaging industry. This growth may be attributed to the hectic lifestyles of Thai consumers that are driving the growth of small-sized, easy to store/open/close packs, and on-the-go packaging in the country. 

Food and Beverages Industry to Drive the Market Growth

- According to the Thai Plastics Industry Association, the demand for plastic packaging continues to expand in Thailand. Flexible plastic-based projects are expected to witness demand across products and sectors, including beverage, food and water, household, and pharmaceutical sectors.

The convenience and widespread use of plastic in food packaging is owed to its low cost, ease of processability, formability, chemical resistance, lightweight, and a variety of physical properties.
- PE and PP are the main polymers used for beverages in Thailand. PE's main market is in large volume juices, milk, and water. PE is also dominant in most medium and small volume beverage markets. Bottled water is presently the second major beverage type, by volume, in the Southeast Asian region, trailing behind carbonated soft drinks.
- There is a surge in the growth even during the ongoing lockdown caused due to COVID-19. Sales volume has increased 40-50% with gains in exports and domestic sales. In the food packaging category, TPBI saw a 10% increase in sales with the shutdown, pushing many into panic-buying groceries.
- Also, Eka Global, a Thai plastic packaging company, reported that it had doubled the production of its longevity flexible packaging to 20 million pieces per month from 8 million pieces per month, due to the increasing demand.

Avail a Best Discount here:

https://www.marketinsightsreports.com/reports/05202906893/thailand-flexible-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/discount?mode=69

Reasons to Purchase this Report:

-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

-Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

-Market value USD Million and volume Units Million data for each segment and sub-segment

-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Purchase Full Report@:

https://www.marketinsightsreports.com/report/purchase/05202906893?mode=su?mode=69

We Also Offer Customization on report based on specific client Requirement:

-Free country Level analysis for any 5 countries of your choice.

-Free Competitive analysis of any 5 key market players.

-Free 40 analyst hours to cover any other data point.

Please contact our sales professional (sales@marketinsightsreports.com), we will ensure you obtain the report which works for your needs.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

ABOUT US:
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.