Thailand Folding Carton Packaging Market 2022 Precise Outlook - Sarnti Packaging Co. Ltd, Toppan Printing Co. Ltd, Thai Packaging and Printing Public Company Limited

The Thailand Folding Carton 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 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 Sarnti Packaging Co. Ltd, Toppan Printing Co. Ltd, Thai Packaging and Printing Public Company Limited, Bobst, SCG Packaging PCL and others.

Industry News and Updates

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 group's total assets as of the end of December, which came to TBH 634.7 billion (USD 19.2 million) as per the company.

Key Market Trends

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. The country is experiencing an increasing demand for skincare products with natural ingredients. As most of the organic products stand to be premium offerings of the cosmetics companies, manufacturers prefer embossed and printed folding cartons for secondary packaging purposes.

Regional Outlook of Thailand Folding Carton 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 Folding Carton 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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