Thailand Plastic Packaging Films Market Size (2024 - 2029)

Thailand Plastic Packaging Films Market Analysis

The Thailand Plastic Packaging Films Market size is estimated at 0.37 Million tonnes in 2024, and is expected to reach 0.46 Million tonnes by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).

• Thailand's packaging industry is experiencing significant growth, buoyed by a robust economy enabling consumers to gravitate towards premium products, frequently presented in inventive packaging. Additionally, there's a pronounced surge in the need for convenient, on-the-go packaging, notably in pouch formats, spurred by the nation's bustling professionals. This shift isn't limited to any one sector; sectors spanning food, FMCG, and groceries to cosmetics are poised to elevate their adoption of pouch packaging. Consequently, providers are ramping up their innovation endeavors to bolster their market standing and deliver increasingly attractive offerings.
• Further, Thailand's urban lifestyle is fueling a surge in the demand for convenient packaging. Consumers favor lightweight, user-friendly options, prompting vendors to tailor their designs for the expanding organized retail segment. Shifting to materials like flexible pouches meets evolving demands and brings substantial energy-saving advantages. Furthermore, the industry's pivot towards sustainable packaging aligns with the growing consumer preference for eco-friendly products, setting the stage for increased innovation and competition in the packaging sector.
• Moreover, Thailand's strategic location at the heart of Southeast Asia, bordering Malaysia, Myanmar, Laos, and Cambodia, has made it a focal point for international investors. Its proximity to major markets such as China and India has further heightened its appeal. As a crossroads for vital sea routes, Thailand has also solidified its position as a regional commerce hub. These geographical advantages have notably boosted the country's packaging sector, underscoring a rising need for a wide array of plastic films.
• Thailand's Ministry of Natural Resources and Environment projects that the nation will achieve full plastic waste recycling by 2027. This target is a cornerstone of the government's overarching plan to reduce plastic use, detailed in the ministry's plastic waste management roadmap from 2018 to 2030. The roadmap directly responded to escalating concerns over the mounting volume of single-use plastic waste. While these stringent measures pose a significant challenge to Thailand's plastics sector, they align with the nation's broader objective of lessening its environmental footprint and promoting a circular economy. This, in turn, is expected to foster innovation and sustainability in packaging.
• Thailand is also taking decisive steps to curb the rampant use of single-use plastics, especially in its fresh produce retail sector. A recent law honing in on plastic film and netting aims to reduce plastic waste and promote sustainable packaging practices significantly. Consequently, this legislation is poised to tighten the market for plastic packaging films in Thailand, directly impacting manufacturers and suppliers. The law advocates for a pivot to biodegradable and reusable materials in line with the broader drive towards a circular economy. This shift is expected to drive innovation in packaging as businesses adapt to the new eco-friendly mandate.

Thailand Plastic Packaging Films Industry Segmentation

Plastic films are versatile, serving to wrap products, overwrap various packaging types (from individual packs to palletized loads), sachets, bags, and pouches, and are often part of laminates, where they are combined with other plastics and materials for packaging. The report also delves into the demand for these converted packaging films, analyzing them across essential resin and application categories. This broad scope mirrors the diverse needs of the market and the shifting preferences of consumers and businesses.

The Thailand plastic packaging films market is segmented by type (Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast Polypropylene (CPP)), Polyethylene (Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE)), Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET)), Polystyrene, Bio-Based, and PVC, EVOH, PETG, and Other Film Types), by End-User Industry (Food [Candy & Confectionery, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry, and Seafood, Pet Food, and Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, Etc. ), Healthcare, Personal Care & Home Care, Industrial Packaging, Other End-Use Industry Applications). The report offers market forecasts and volume (tonnes) for all the above segments.