Thailand Rigid Plastic Packaging Market Size
| Study Period | 2022 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2022 - 2022 |
| CAGR (2024 - 2029) | 5.28 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thailand Rigid Plastic Packaging Market Analysis
The Thailand Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 1.91 Million metric tons in 2024 to 2.47 Million metric tons by 2029, at a CAGR of 5.28% during the forecast period (2024-2029).
- The United States Department of Agriculture (USDA) reported that Thailand has the second-largest GDP in the ASEAN region. The nation is home to a vibrant and expanding consumer market bolstered by a rapidly growing middle class. The Bank of Thailand has projected a 3.6% growth for the Thai economy this year, with an uptick to 3.8%.
- As per the USDA, rising consumer spending on convenient food products is fueling the demand for processed and packaged foods in Thailand, subsequently boosting the need for rigid plastic packaging solutions. Moreover, the market for ready-to-eat foods produced in Thailand sees a balanced split between domestic consumption and exports, further energizing the packaging industry. The burgeoning Thai food e-commerce sector has also spurred a rise in the consumption of convenience foods, ready meals, and processed items.
- Thai consumers, driven by a growing appetite for premium products, seek sophisticated flavors and are increasingly mindful of their nutritional intake. This shift has made them more willing to invest in functional products, such as drinks crafted from organic and natural ingredients, thereby energizing the country's beverage sector and amplifying the demand for plastic bottles.
- In Thailand, manufacturers such as Aptar Group Inc., Berry Global Inc., and Amcor Group GmbH are channeling their R&D efforts into creating bottles, containers, trays, jars, and caps. These products, made from Polyethylene (PE) and Polypropylene (PP), cater to diverse sectors including beverages, food, pharmaceuticals, and personal care. Furthermore, these major players are rolling out innovative and customizable rigid plastic products, especially in design and color, further propelling market growth.
- Yet, the market faces a significant hurdle mounting environmental concerns over plastic packaging waste. Thailand's surging plastic production, largely driven by heightened food and beverage consumption, is exacerbating the issue. The mismanagement of plastic waste, especially its entry into water bodies, intensifies the country's plastic waste dilemma, posing challenges to market expansion.
Thailand Rigid Plastic Packaging Market Trends
Polyethylene Terephthalate (PET) Segment is Estimated to Have the Largest Market Share
- Polyethylene Terephthalate (PET) is a durable and versatile polymer widely used in producing bottles, pellets, drums, containers, and various other plastic packaging products. In Thailand, the rising demand for PET packaging is driven by an increasing trend of food and beverage takeaways, a growing urban population, and a surge in international tourism.
- Packaging is crucial in preserving the quality of food and beverages. Polyethylene Terephthalate (PET) stands out as a favored choice for plastic packaging solutions. The demand for PET plastic bottles, trays, and containers is on the rise due to their robustness and exceptional resistance to moisture and chemicals. This versatility boosts the popularity of Polyethylene Terephthalate (PET) for crafting plastic bottles and containers.
- In Thailand, the lightweight and shatter-resistant properties of PET plastics make them ideal for producing bottles and jars, fueling market growth. The personal care and cosmetics sector in Thailand is booming, driven by shifting consumer preferences and a growing inclination toward natural and organic makeup products. As per the Department of International Trade Promotion, the rising exports of Thai beauty and skincare products, coupled with a demand for sustainable and organic offerings, are significantly propelling the rigid plastic packaging market.
- Thailand's surging consumption of bottled water, a key driver for the PET bottle demand, is further bolstered by the rapidly expanding packaging segment. Data from the Beverage Marketing Corporation (BMC) highlights Thailand's stature as one of the top 10 bottled water consumers globally, with consumption figures of 57.4 gallons in 2022 and an estimated 58.2 gallons in 2023.
Beverage Segment Expected to Dominate the Market
- According to the USDA, Thailand's food and beverage industry plays a pivotal role in bolstering the nation's economy. The surging demand for non-alcoholic beverages, including juices, soft drinks, and bottled water, can be linked to the booming tourism sector and the rising presence of innovative beverages in convenience stores and supermarkets. This trend is driving the demand for rigid plastic packaging solutions. Furthermore, the food retail sector is set to expand, fueled by the growing upper-middle-class incomes, urbanization, and a youthful demographic in Thailand.
- Moreover, Thai consumers are becoming increasingly aware of the environmental impact of their food and beverage packaging choices. There's a notable preference for health-focused, zero-sugar beverages, further intensifying the demand for plastic bottles in the nation. This demand is also buoyed by the influx of tourists seeking non-alcoholic refreshments.
- Data from Pub & Bar Asia (PBA), a platform catering to bar and restaurant owners, highlights that as temperatures rise, so does the inclination of consumers towards refreshing beverages, subsequently boosting the demand for plastic bottles. The Thai beverage landscape is predominantly non-alcoholic, with juices, packaged water, and soft drinks leading the charge, driving market growth.
- USDA data reveals that in 2023, Thailand's food and beverage exports hit USD 48.9 billion, marking a 2.93 percent uptick from the previous year, significantly bolstering the country's rigid plastic packaging market. Additionally, figures from the International Trade Centre (ITC) show that Thailand's exports of non-alcoholic beverages rose from USD 1.52 billion in 2022 to USD 1.55 billion in 2023.
Thailand Rigid Plastic Packaging Industry Overview
The Thai Rigid Plastic Packaging Market is consolidated and is dominated by key players, including Amcor Group GmbH, Berry Global Inc., Union Thai Polyplast Co. Ltd., and ALPLA Werke Alwin Lehner GmbH & Co KG. These companies are competing for a larger market share in Thailand through strategies such as new product development, expansion, and mergers and acquisitions.
- May 2024: ALPLA Werke Alwin Lehner GmbH & Co KG, an Austria-based company with operations in Thailand, unveiled a recyclable wine bottle crafted from PET. Weighing in at just 50 grams, the 0.75-litre bottle is approximately eight times lighter than its glass counterpart. Looking ahead, the company aims to produce a million units in 2025, all made from rPET.
Thailand Rigid Plastic Packaging Market Leaders
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Union Thai Polyplast Co. Ltd.
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Nakarin Packaging Co. Ltd.
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Berry Global Inc.
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ALPLA Werke Alwin Lehner GmbH & Co KG
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Amcor Group GmbH
*Disclaimer: Major Players sorted in no particular order
Thailand Rigid Plastic Packaging Market News
- April 2024: Suntory PepsiCo Beverage (Thailand) Co. Ltd, a manufacturer and distributor of beverages under the Suntory and PepsiCo brands in Thailand, unveiled its new Pepsi 1.45-liter rPET (recycled PET) bottles. This initiative underscores the company's commitment to sustainability and aims to bolster its brand image as an environmentally-conscious entity.
- April 2024: Amcor Group GmbH, a Switzerland-based company with operations in Thailand, introduced a one-liter polyethylene terephthalate (PET) bottle crafted entirely from 100% post-consumer recycled (PCR) content, specifically designed for carbonated soft drinks (CSDs).
Thailand Rigid Plastic Packaging Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
- 4.2 Industry Value Chain Analysis
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitutes
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Rising Demand for Convenient and Durable Food and Beverage Packaging Solutions
- 5.1.2 Increasing Investment in Product Innovations by Manufacturers
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5.2 Market Challenge
- 5.2.1 Growing Environmental Concerns Regarding Plastic Packaging Waste
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
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7.1 By Product Type
- 7.1.1 Bottles and Jars
- 7.1.2 Trays and Containers
- 7.1.3 Caps and Closures
- 7.1.4 Intermediate Bulk Containers (IBCs)
- 7.1.5 Drums
- 7.1.6 Pallets
- 7.1.7 Other Product Types
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7.2 By Material
- 7.2.1 Polyethylene (PE)
- 7.2.1.1 LDPE & LLDPE
- 7.2.1.2 HDPE
- 7.2.2 Polyethylene Terephthalate (PET)
- 7.2.3 Polypropylene (PP)
- 7.2.4 Polystyrene (PS) and Expanded polystyrene (EPS
- 7.2.5 Polyvinyl chloride (PVC)
- 7.2.6 Other Rigid Plastic Packaging Materials
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7.3 By End-Use Industries
- 7.3.1 Food**
- 7.3.1.1 Candy & Confectionery
- 7.3.1.2 Frozen Foods
- 7.3.1.3 Fresh Produce
- 7.3.1.4 Dairy Products
- 7.3.1.5 Dry Foods
- 7.3.1.6 Meat, Poultry, And Seafood
- 7.3.1.7 Pet Food
- 7.3.1.8 Other Food Products
- 7.3.2 Foodservice**
- 7.3.2.1 Quick Service Restaurants (QSRs)
- 7.3.2.2 Full-Service Restaurants (FSRs)
- 7.3.2.3 Coffee and Snack Outlets
- 7.3.2.4 Retail Establishments
- 7.3.2.5 Institutional
- 7.3.2.6 Hospitality
- 7.3.2.7 Other Foodservice End-uses
- 7.3.3 Beverage
- 7.3.4 Healthcare
- 7.3.5 Cosmetics and Personal Care
- 7.3.6 Industrial
- 7.3.7 Building and Construction
- 7.3.8 Automotive
- 7.3.9 Other End-Use Industries (Household Products, and Logistics, among Others)
8. COMPETITIVE LANDSCAPE
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8.1 Company Profiles*
- 8.1.1 Amcor Group GmbH
- 8.1.2 Berry Global Inc.
- 8.1.3 Crown Seal Public Company Limited
- 8.1.4 Union Thai Polyplast Co. Ltd.
- 8.1.5 Aptar Group Inc.
- 8.1.6 Berli Dynaplast Co. Ltd.
- 8.1.7 Percision Plastic Co. Ltd.
- 8.1.8 Victor Packaging
- 8.1.9 Nakarin Packaging Co. Ltd.
- 8.1.10 ALPLA Werke Alwin Lehner GmbH & Co KG
- 8.2 Heat Map Analysis
- 8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE**
10. FUTURE OUTLOOK
** Subject To AvailablityThailand Rigid Plastic Packaging Industry Segmentation
The scope of the study characterizes the rigid plastic packaging market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-use industries such as Food, Pharmaceuticals, Beverage, Personal Care, Industrial and Automotive, and more. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The Thai rigid plastic packaging market is segmented by Product Type (Bottles and Jars, Trays and Containers, Caps and Closures, Intermediate Bulk Containers (IMCs), Drums, Pallets, and Other Product Types), Material Type (Polyethylene (PE) (LDPE & LLDPE and HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC), and Other Rigid Plastic Packaging Materials), and by End-Use Industries (Food (Candy & Confectionary, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry and Seafood, Pet Food and Other Food Products), Foodservice (Quick Service Restaurants, Full Service Restaurants, Coffee and Snack Outlets, Retail Establishments, Institutional, Hospitality and Other Foodservice End-uses), Beverage, Healthcare, Cosmetics and Personal Care, Industrial, Building and Construction, Automotive and Other End-Use Industries (Household Products, and Logistics)). The market sizing and forecasts are provided in terms of volume (tons) for all the above segments.
| By Product Type | Bottles and Jars | |
| Trays and Containers | ||
| Caps and Closures | ||
| Intermediate Bulk Containers (IBCs) | ||
| Drums | ||
| Pallets | ||
| Other Product Types | ||
| By Material | Polyethylene (PE) | LDPE & LLDPE |
| HDPE | ||
| By Material | Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | ||
| Polystyrene (PS) and Expanded polystyrene (EPS | ||
| Polyvinyl chloride (PVC) | ||
| Other Rigid Plastic Packaging Materials | ||
| By End-Use Industries | Food** | Candy & Confectionery |
| Frozen Foods | ||
| Fresh Produce | ||
| Dairy Products | ||
| Dry Foods | ||
| Meat, Poultry, And Seafood | ||
| Pet Food | ||
| Other Food Products | ||
| By End-Use Industries | Foodservice** | Quick Service Restaurants (QSRs) |
| Full-Service Restaurants (FSRs) | ||
| Coffee and Snack Outlets | ||
| Retail Establishments | ||
| Institutional | ||
| Hospitality | ||
| Other Foodservice End-uses | ||
| By End-Use Industries | Beverage | |
| Healthcare | ||
| Cosmetics and Personal Care | ||
| Industrial | ||
| Building and Construction | ||
| Automotive | ||
| Other End-Use Industries (Household Products, and Logistics, among Others) |
Thailand Rigid Plastic Packaging Market Research FAQs
How big is the Thailand Rigid Plastic Packaging Market?
The Thailand Rigid Plastic Packaging Market size is expected to reach 1.91 million metric tons in 2024 and grow at a CAGR of 5.28% to reach 2.47 million metric tons by 2029.
What is the current Thailand Rigid Plastic Packaging Market size?
In 2024, the Thailand Rigid Plastic Packaging Market size is expected to reach 1.91 million metric tons.
Who are the key players in Thailand Rigid Plastic Packaging Market?
Union Thai Polyplast Co. Ltd., Nakarin Packaging Co. Ltd., Berry Global Inc., ALPLA Werke Alwin Lehner GmbH & Co KG and Amcor Group GmbH are the major companies operating in the Thailand Rigid Plastic Packaging Market.
What years does this Thailand Rigid Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Thailand Rigid Plastic Packaging Market size was estimated at 1.81 million metric tons. The report covers the Thailand Rigid Plastic Packaging Market historical market size for years: 2022 and 2023. The report also forecasts the Thailand Rigid Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Thailand Rigid Plastic Packaging Industry Report
Statistics for the 2024 Thailand Rigid Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Rigid Plastic Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
