Thailand Flexible Packaging Market 2021 Precise Outlook - Sarnti Packaging Co. Ltd., Pongslip Plastic Company, Thug Hua Sinn

The Thailand Flexible Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Thailand packaging market is expected to register a CAGR of 3.2% over the forecast period (2020 - 2025).

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Top Leading Companies of Thailand Flexible Packaging Market are Sarnti Packaging Co. Ltd., Pongslip Plastic Company, Thug Hua Sinn, Siam Flexible Company, Artec, Innopack, Toppan Thailand, TPBI Public Company Limited and others.

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.

Key Market Trends

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 has 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.

Regional Outlook of Thailand Flexible Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Thailand Flexible Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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