Thailand Flexible Packaging Market Size & Outlook
Thailand flexible packaging market, 2018-2030 (US$M)
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Thailand flexible packaging market highlights
- The Thailand flexible packaging market generated a revenue of USD 1,089.7 million in 2023 and is expected to reach USD 1,440.2 million by 2030.
- The Thailand market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 1,089.7 million |
| Market revenue in 2030 | USD 1,440.2 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.4% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,251.1 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 71.46% in 2023. Horizon Databook has segmented the Thailand flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The flexible packaging market in Southeast Asia is witnessing substantial growth due to the increasing food & beverage industry requiring flexible packaging such as bags and pouches. The growing preference for on-the-go consumption is boosting the flexible packaging demand across the region.
Several food & beverage manufacturers in the Southeast Asian market are shifting toward flexible packaging, such as pouches, bags, and others, to meet the growing demand for convenience in the region.
For instance, on March 27, 2023, Diaspora Co., a spice manufacturer, launched flexible pouches for packaging its spice, herbs, seeds, and salt product portfolio across the Southeast Asian market. Such new product launches are expected to drive the demand for flexible packaging solutions in the region over the forecast period.
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into Thailand flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand flexible packaging market size, by raw material, 2018-2030 (US$M)
Thailand Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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