Thailand Plastic Market Size & Outlook, 2023-2030
Thailand plastic market, 2018-2030 (US$M)
Related Markets
Thailand plastic market highlights
- The Thailand plastic market generated a revenue of USD 6,988.6 million in 2023 and is expected to reach USD 10,128.3 million by 2030.
- The Thailand market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2023.
- Medical Devices is the most lucrative end use segment registering the fastest growth during the forecast period.
Plastic market data book summary
| Market revenue in 2023 | USD 6,988.6 million |
| Market revenue in 2030 | USD 10,128.3 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Covestro AG, Toray Industries Inc, Mitsui & Co Ltd, Teijin Ltd, INEOS, LG Chem, Lanxess AG, CHIMEI, Huntsman Corp, LyondellBasell Industries NV Class A, Miller Waste Mills |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.1% of the global plastic market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan plastic market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,262.7 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand plastic 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 plastic market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 35.35% in 2023. Horizon Databook has segmented the Thailand plastic market based on packaging, construction, electricals & electronics, automotive, medical devices, agriculture, furniture & bedding, consumer goods, utility covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand has been a leading plastic market over the past decade. Growing urbanization and consumerism among the population are anticipated to boost the packaging industry in the country. The rise in packaged food & beverages, bottles, wines, and other products is likely to create opportunities for the plastics market over the forecast period.
The growth in population and their need for apparel & clothing has resulted in high demand for textiles in the country. This factor coupled with the growing medical and automotive industries is projected to contribute to a steady growth in the demand for plastics in the coming years.
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Our clientele includes a mix of plastic market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand plastic market , including forecasts for subscribers. This country databook contains high-level insights into Thailand plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand plastic market size, by end use, 2018-2030 (US$M)
Thailand Plastic Market Outlook Share, 2023 & 2030 (US$M)
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