Press release
Thailand Flexible Packaging Market Growth, Demand, Share, Opportunities and Market Forecast 2023-2030
It is anticipated that the growing trend of consumer goods, including food, drink, and medications, will increase demand for flexible packaging. The increasing requirement for portable and convenient packing solutions is the reason for the expanding demand. The demand for packaged convenience food in Thailand has been driven by customers' increasing urban lifestyles. Because of the country's urbanization, convenience stores are becoming more and more important to Thais, and manufacturers should continue to target this important market.
More than half of Thailand's population lives in cities; as of 2022, that percentage will be close to 53%. Knoema Corporation is the source. Convenience, premium brands, smaller shops, stores, and supermarkets close to their places of employment or transit routes are becoming increasingly appealing to these urban consumers, mostly for everyday essentials.
Thailand Flexible Packaging Market Size and Growth Analysis
The global Thailand Flexible Packaging Market is expected to exhibit a CAGR of 3.04% during the forecast period 2023-2030.
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Thailand Flexible Packaging Market Dynamics and Trends
The Thailand flexible packaging industry is mostly driven by rising technical innovation and increased demand for items made of plastic. Strict environmental laws governing flexible plastic packaging, however, can be a significant market barrier. The plastic-based flexible packaging category held a sizable portion of Thailand's flexible packaging market in 2019 due to the growing appeal of these products among consumers and business customers alike. That's what it will do for the duration of the forecast.
Additionally, as the market for flexible plastic packaging goods and solutions grows, plastic packaging is gradually taking the place of glass and metal packaging, especially for food products. Since plastic is versatile and can be produced in a variety of ways, it is the most widely used material for flexible packaging.
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Thailand Flexible Packaging Market Segmentation Analysis
By Packaging Form
By Raw Material
By Application
Major Companies Covered
Amcor plc, InnoPack, Huhtamaki, Prepack Thailand Co., Ltd., PONGSILP PLASTIC CO., LTD., Siam Flexible Industries Co. Ltd, Thung Hua Sinn Co., Ltd., Sealed Air Corporation, Toppan Printing Co, Ltd. and Tetra Pak Group, among others.
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