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Thailand Folding Cartons and Corrugated Packaging Market - Growth, Trends, and Forecast (2019 - 2024)

Thailand Folding Cartons and Corrugated Packaging Market - Growth, Trends, and Forecast (2019 - 2024)

Market Overview

The Thailand folding carton and corrugated packaging market (henceforth referred to as the market studied) was valued at USD 1296.56 million in 2018, and is expected to reach USD 2106.07 million by 2024, registering a CAGR of 8.42%, during the period of 2019-2024 (henceforth referred to as the forecast period).

In 2017, packaging industry in Thailand and ASEAN grew in line with their economies, which grew at a moderate pace. Paper and packaging producers continued to add capacities amidst heightened challenges from increased raw material prices in the packaging paper sector.

Thai Packaging Center of Thailand Institute of Scientific and Technological Research has the main policy to support the country's packaging policy. The responsibilities include strengthening the organizations’ capabilities to meet the needs of entrepreneurs by collecting, exchanging, and providing information on science and packaging technology and coordinate with the manufacturers and users.

Corrugated and paperboard are the most commonly used carton packaging types in the food and beverage segment. Due to the small size of goods, folding carton accounts for majority of the share in comparison with corrugated packaging as the primary packaging material.

Scope of the Report

A complete background analysis of the Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

Key Market Trends

E-commerce in Thailand Driving Demand for Paper Packaging

The businesses had net sales of THB 1.44 billion, with 1.7 million individual products sold in the course of three days. The most popular types of products were children's' consumer products, electronics, smartphones, and cosmetics and skincare.

Thai e-commerce has the potential to enter the international market, as Thailand is the fourth most popular holiday destination worldwide. There are demands for Thai products in Vietnam, Indonesia, and China.

It is expected that the packaging for transportation in the e-commerce sector for B2C, in 2017, had a market value of about THB 5,600 million, an increase of 24.4% (y-o-y).

The growth in e-commerce is helpful to the growth of the paper packaging market. With the government policies to promote environmentally friendly packaging, the use of paper packaging is expected to increase, supported by innovations in terms of raw material and production technology.

Food and Beverage Segment is Taking Major Market Share

The food and beverage sector remains the key growth driver of the domestic packaging industry and is supported by export demand and easy access to raw materials.

The Thai food industry has roughly contributed 23% to the country's GDP. Thailand is one of the largest food-exporting countries in the world. In addition, the big manufacturers are well equipped with the knowledge, technology, and world-class production skills, and have workforces that are better trained than those of the rival countries.

Thailand houses around 9,000 food processing companies. The country is a main producer and exporter of several processed foods, such as canned tuna, frozen seafood, shrimps, and chicken. In Thailand, the beverage market is another huge industry. The country's non-alcoholic beverages market was worth approximately USD 7.9 billion, with an export value of USD 1.1 billion, in 2016.

Corrugated and paperboard are the most commonly used carton packaging types in this segment. Due to the small size of goods, folding carton accounts for the majority of the share in comparison with corrugated packaging as the primary packaging material.

Competitive Landscape

The report covers major international players operating in the market. The market is dominated by players such as Sarnti Packaging Co., Ltd., Toppan Printing Co., Ltd, Thai Packaging & Printing Public Company Limited, Bobst, SCG Packaging Pcl and others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

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1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Current Market Scenario
4.2 Technology Trends and Media Presence of the Industry, Channels used for Promotion
4.3 Government Regulations, Initiatives, Associations, Collaborations, Trade Agreements
4.4 Drivers
4.5 Restrains
4.6 Opportunities
4.7 Industry Value Chain Analysis and Supply Chain
4.8 Porters Five forces Analysis
4.9 Insights on key Opportunities for International Players
4.10 Insights on Digital Inkjet and High Graphic Printing
5.1.1 Food and Beverage
5.1.2 Cosmetics and Household Care
5.1.3 Manufacturing and Automotive
5.1.4 Healthcare and Pharmaceutical
5.1.5 Electrical and Electronics
5.1.6 Others
6.1.1 Offline
6.1.2 E-commerce
7.1 Market Concentration Overview
7.2.1 Sarnti Packaging Co., Ltd.
7.2.2 Toppan Printing Co., Ltd.
7.2.3 Thai Packaging & Printing Public Company Limited
7.2.4 Bobst
7.2.5 SCG Packaging Pcl
7.2.6 Hiang Seng Fibre Container Company Limited
7.2.7 Huhtamaki Group
7.2.8 ASA Container Company Limited
7.2.9 United Container Co., Ltd.
7.2.10 Bell Pack Company Limited
7.2.11 S&D Industries Co., Ltd.
7.2.12 Others
10.1 GDP Distribution, by Activity
10.2 Insights on Capital Flows
10.3 Economic Statistics - Packaging Sector Contribution to Economy
10.4 External Trade Statistics - Export and Import, by Product
10.5 Insights on Key Export Destinations
10.6 Insights on Key Import Destinations
11.1 Potential Exhibitors
11.2 Potential Visitors
11.2.1 Box Makers
11.2.2 Potential End-users
11.3 Type of Corrugated and Carton Packaging Materials, Price, and Contribution
11.4 Types of Machines Used in Carton Production

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