THAILAND PLASTIC PACKAGING MARKET

Thailand plastic packaging market is projected to grow at a CAGR of 4.1% between 2025-2032 owing to increasing consumer spending alongside the surge in ecommerce and the food delivery sectors.

Major Market Drivers and Emerging Trends

Thailand plastic packaging market size growth is fueled by rapid urbanization and a growing middle class in the country. At present around half of 71 million people in Thailand live in cities and this proportion is projected to increase to 72% in 2050. With changes in lifestyle and an increase in income people are opting for more products particularly premium foods and packaged goods which is driving the rising need for plastic packaging. The growing preference for processed food and higher consumer expenditure on convenience foods in the country are major factors contributing to the plastic packaging demand. The USDA reports that the food retail sector growth in Thailand is driven by increasing living expenses which affect purchasing power.

The food delivery market in Thailand has also flourished in the past few years fueled by a growing preference in online ordering along with the need for fast and convenient delivery options. As convenience becomes paramount, food delivery platforms have transformed consumer experience in Thailand. Food delivery platforms are favored by many for their affordability and time efficiency which contributes to market growth as food services increasingly rely on plastic packaging for meals and beverages.

The Thailand Plastics Industry Association highlights a rising need for plastic packaging with food and beverages along with household products will see significant demand. Plastic is a popular choice for food packaging owing to its affordability and versatility. It is also chemical resistance and has a lightweight nature.

Ecommerce growth is further fueling market growth in Thailand where over half of the population regularly engages with ecommerce platforms. The rise in internet access and mobile phone penetration combined with advancements in logistics has made online shopping more convenient while fostering greater consumer confidence. With ecommerce retail continues to expand the need for plastic packaging will also grow owing to its importance in ensuring product protection during delivery and improving customer satisfaction.

Based on material, the demand for PE resin in packaging is projected to increase significantly in the years ahead where it is widely used for packaging plastic bags and films. The resin is a thermoplastic material that is thin with robust chemical resistance and low moisture absorption. LLDPE offers moderate clarity and is commonly used for producing food bags or shopping bags. While MDPE is commonly found in the production of garbage bags and packaging particularly for paper items like paper towels.

Based on product, the market can be segmented into rigid and flexible packaging. Flexible packaging is gaining significant importance in the food and beverage sectors in the country with a notable shift towards pouches designed for substantial liquid volume. When sustainable packaging is used and material waste is minimized, products gain appeal among consumers who prioritize environmental responsibility. The rigid packaging segment is also experiencing growth fueled by the rising demand for bottled beverages and food containers. Rigid packaging is becoming increasingly important in the cosmetic and personal care industries since more people in Thailand put more focus on their personal appearance.

Based on application, the food & beverage segment contributes significantly to the market. The growing economy and changing lifestyles in Thailand have led to a surge in demand for bakery products and frozen food items which drive further need for plastic packaging. The burgeoning tourism sector has also fueled higher food and drink consumption which in turn supports market growth.

Top Market Players

Several key players in the country include Indorama Ventures, Union Thai Polyplast, TPBI, Thai Viwat, among others.

Key Developments

• • In 2024, a leading plastic bag producer in Thailand Thantawan Industry Public Company officially leased a ready-built factory located at Phuoc Dong Industrial Park for the next 30 years.
  • In 2023, Kao teamed up with Dow and SCG Chemicals which are two global leaders in packaging to create recyclable packaging solutions.

Segments covered in the Report:

The Thailand Plastic Packaging Market has been segmented on the basis of Material, Product, and Application. Based on the Material, the market is segmented into Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene, Expanded Polystyrene, Polyvinyl Chloride, Bio-based Plastics, and Others. Based on the Product, the market is segmented into Rigid and Flexible. The Rigid segment is further segmented into Bottles & Jars, Cans, Trays & Containers, Caps & Closures, and Others. The Flexible segment is further segmented into Wraps & Films, Bags, Pouches, and Others. Based on the Application, the market is segmented into Food & Beverages, Industrial Packaging, Pharmaceuticals, Personal & Household Care, and Others.

 Market Segmentation

Thailand Plastic Packaging Market by Material

• • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Polystyrene
  • Expanded Polystyrene
  • Polyvinyl Chloride
  • Bio-based plastics
  • Others

Thailand Plastic Packaging Market by Product

• • Rigid
    • Bottles & Jars
    • Cans
    • Trays & Containers
    • Caps & Closures
    • Others
  • Flexible
    • Wraps & Films
    • Bags
    • Pouches
    • Others

Thailand Plastic Packaging Market by Application

• • Food & Beverages
  • Industrial Packaging
  • Pharmaceuticals
  • Personal & Household Care
  • Others

Thailand Plastic Packaging Market Leading players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Indorama Ventures
  • Union Thai Polyplast
  • TPBI
  • Thai Viwat