Thailand Folding Cartons and Corrugated Packaging Market 2022 Competitive Insights - Siam Toppan Packaging Co. Ltd, Thai Containers Group (SCG Packaging), Thung Hua Sinn Group

The Thailand Folding Cartons and Corrugated 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 folding carton and corrugated packaging market (henceforth referred to as the market studied) was valued at USD 1405.73 million in 2019 and is expected to reach USD 2283.4 million by 2027, registering a CAGR of 8.42%, during the period of 2022-2027.

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Top Leading Companies of Thailand Folding Cartons and Corrugated 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, Balance Packing Co. Ltd, BG Packaging Company Limited, Tri-Wall Ltd, C&H Paperbox (Thailand) Co. Ltd, Hong Thai Packaging Company Limited and others.

Industry News and Updates

In January 2022 - Oji Holdings acted upon the need to replace plastic with paper for environmental protection. The company announced that it would engage in SDGs (Sustainable Development Goals) by supplying environmentally friendly products as an expansion of the market, followed by Thailand and Japan.

Key Market Trends

Rising E-commerce in Thailand is Expected to Drive the Market Growth

- The e-commerce industry has emerged as a significant player in recent years with Amazon using corrugated board boxes for the principal packaging and rely on plastic packaging for individual items. The increasing concerns of Thai people associated with packaging waste are likely to compel government to ring regulations that prompt the citizens to adopt environment-friendly options, such as folding cartons or corrugated boxes as a viable choice for packaging.

- Also, the E-commerce era is acting as a significant driver for the need to rethink packaging in the country. As per Priceza, nearly 60 million cross-border products were placed on Lazada, Shopee, and JD Central in 2018, where an average order value of THB 738 for local products was realized.

- Such changes in the form of transitioning from a traditional retail distribution due to increasing urbanization are actively contributing to the growth in demand in paper packaging, particularly corrugated packaging. This will, in turn, increase the ratio of corrugated volume per unit of a consumer product.

Regional Outlook of Thailand Folding Cartons and Corrugated 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 Cartons and Corrugated 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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