The report covers Thailand Plastic Manufacturers and is segmented by Type (Traditional Plastics, Engineering Plastics, and Bioplastics) and Application (Packaging, Electrical and Electronics, Building and Construction, Automotive and Transportation, Furniture and Bedding, and Other Applications). The report offers market size and forecasts for the Thailand plastics market in terms of value (USD million) for all the above segments.

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Thailand Plastic Market Forecast 2024-2028

The Thailand Plastic Market size is forecast to increase by USD 10.75 billion, at a CAGR of 5.18% between 2023 and 2028.

The growth rate of the market depends on several factors, including the ongoing advancements in plastic manufacturing technology, the increased investments, mergers, and acquisitions in the plastic market in Thailand and the innovation in plastic technologies, including lightweight materials and advanced applications. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2018 - 2022, besides analyzing the current market scenario.

What will be the Market Size During the Forecast Period?

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Market Definition

Plastic is a multipurpose synthetic material made from polymers, which is primarily produced from petrochemical feedstocks such as ethylene. Plastic includes a wide spectrum of polymers with a range of qualities, such as durability, flexibility, and malleability. Plastic, which is widely used in the manufacturing of packaging, construction, consumer goods, and other industries, has become ubiquitous in modern life. Its versatility, low cost, and wide range of applications contribute to its popularity across different industries.

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Market Key Drivers, Trends, Challenges

Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Growth Analysis Driver

Ongoing advancements in plastic manufacturing technology drive market growth. The continuous developments in plastic production technology, especially the creation of biodegradable plastics and the introduction of innovative recycling processes such as chemical recycling, are a crucial driving force behind the growth of the market in Thailand. In addition, these technological advances are critical in resolving the environmental challenges surrounding the disposal of plastic waste.

Moreover, biodegradable polymers, which degrade naturally, provide a sustainable alternative to traditional non-biodegradable plastics, which ultimately reduces the long-term impact of plastic waste on the environment. In addition, this is consistent with the global trend toward the use of eco-friendly materials, reflecting shifting consumer tastes and rigorous environmental legislation across the world. Therefore, it is positively impacting the market in Thailand. Hence, such factors are driving the market growth during the forecast period.

Significant Market Trends and Analysis

Increasing adoption of circular economy practices is an emerging trend in the market. The growing adoption of circular economy practices is becoming a noticeable trend in the regional, signifying a shift toward sustainability. In addition, this trend is distinguished by the use of closed-loop recycling systems and a dedication to sustainable sourcing throughout the entire plastic manufacturing process.

Moreover, plastics manufacturers in Thailand are increasingly focused on building a circular economy in which plastic materials are recycled, repurposed, and reused to reduce the volume of plastic waste disposed of in landfills and their environmental effects. Furthermore, there is a growing emphasis on sustainable sourcing, including the use of eco-friendly raw materials and responsible buying processes. Therefore, it is positively impacting the market in Thailand. Hence, such factors are driving the market growth during the forecast period.

Major Challenge

Volatility in prices of raw materials used in plastic production is hindering the market growth. Ethylene, propylene, benzene, and styrene are some of the main raw materials used for the production of plastics. In addition, the oil and gas industry is one of the major suppliers of these raw materials. Furthermore, fluctuations in global crude oil prices adversely affect the prices of fractional petroleum products, which, in turn, affects the production cost of injection molded and other types of plastics.

For example, in February 2022, the global price of ethylene was USD700-USD800 per metric ton. Moreover, frequent fluctuations in global crude oil prices impact the price of raw materials significantly, including polyethylene and propylene, which are used in manufacturing plastics. Therefore, the regional market depends heavily on crude oil derivatives, whose prices may fluctuate widely. Thus, such factors are hindering the market growth during the forecast period.

Segmentation by End-user, Technique, and Product

End-user Analysis

The packaging segment is estimated to witness significant growth during the forecast pe

Thailand Thermoformed Plastic Market is projected to reach USD 2,129.61 million by 2032, growing at a CAGR of 4.5% from 2024-2032.

The Thai plastic supports market rose to $141M in 2024, increasing by 3.7% against the previous year. Over the period under review, consumption, however, posted a prominent increase. Plastic supports consumption peaked at $145M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Thailand's plastics industry sentiment index stood at **** in March 2025, a decrease from the previous month. The index increased over the past 12 months, peaking in November 2024 at *** index points.

The Thailand Plastic Packaging Films Market report segments the industry into By Type (Polypropylene (PP) (Biaxially Oriented Polypropylene (BOPP), Cast Polypropylene (CPP)), Polyethylene (Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE)), and more), By End-User Industry (Food, Healthcare, and more).

The Thailand Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, Etc. )], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture ]). The Market Sizes and Forecasts are Provided in Terms of Volume (Tonnes) for all the Above Segments.

Thailand plastic packaging market is expected to grow at a CAGR of 4.1% during 2025-2032 due to increasing consumer spending alongside the surge in ecommerce

The Thailand rigid plastic packaging market is projected to grow at a CAGR of 5.28% from 2025 to 2033, driven by increasing demand for packaged food, beverages, and personal care products. The rising disposable income and changing lifestyles are also contributing to the growth of the market. However, the market is facing challenges such as the rising cost of raw materials and environmental concerns. The market is dominated by domestic players, with Amcor Group GmbH, Berry Global Inc., and Crown Seal Public Company Limited being the major players. The increasing demand for packaged food and beverages is a major driver for the growth of the Thailand rigid plastic packaging market. The growing population and urbanization are leading to a rise in the consumption of packaged food and beverages. The convenience and affordability of packaged products are also contributing to the growth of the market. The market is also benefiting from the growing demand for personal care products, such as cosmetics and toiletries. The rising disposable income and changing lifestyles are leading to an increase in the consumption of personal care products. The growth of the e-commerce industry is also driving the demand for rigid plastic packaging. Recent developments include: 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).. Key drivers for this market are: Rising Demand for Convenient and Durable Food and Beverage Packaging Solutions, Increasing Investment in Product Innovations by Manufacturers. Potential restraints include: Rising Demand for Convenient and Durable Food and Beverage Packaging Solutions, Increasing Investment in Product Innovations by Manufacturers. Notable trends are: Polyethylene Terephthalate (PET) Segment is Estimated to Have the Largest Market Share.

The Thailand Plastic Bottles Market Report is Segmented by Resin (Polyethylene [PE], Polyethylene Terephthalate [PET], Polypropylene [PP], and Other Resins) and End-User Industry (Food, Beverage {Bottled Water, Carbonated Soft Drinks, Alcoholic Beverages, Juices and Energy Drinks and Other Beverages [Powdered and Dairy-Based Beverages}], Pharmaceuticals, Personal Care and Toiletries, Household Chemicals, Paints and Coatings, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) and Volume (Tonnes) for all the Above Segments.

The Thailand Plastic Bottles Market is poised to register a CAGR of 4.54% during the forecast period, 2025-2033. The market size was valued at USD 225.51 million in 2025 and is projected to reach USD 316.53 million by 2033. The growth of the market is primarily attributed to the rising demand for packaging solutions in various end-user industries, including food, beverage, pharmaceuticals, and personal care and toiletries. The increasing preference for plastic bottles due to their lightweight, durability, and cost-effectiveness is driving the market growth. Key drivers of the market include urbanization, rising disposable incomes, and the growing popularity of online shopping. The increasing awareness of environmental sustainability and the adoption of bio-based plastics are shaping market trends. However, the market is challenged by regulations on single-use plastics, concerns about plastic pollution, and the availability of alternative packaging materials. The market is segmented based on resin type (polyethylene, polyethylene terephthalate, polypropylene, and other resins) and end-user industry (food, beverage, pharmaceuticals, personal care and toiletries, industrial, and others). The beverage segment holds the largest market share due to the extensive use of plastic bottles in the packaging of soft drinks, bottled water, and alcoholic beverages. Recent developments include: April 2024: Suntory PepsiCo Beverage (Thailand) Co. Ltd, a key player in the Thai beverage market under the Suntory and PepsiCo brands, pushed forward its "Fizzy Consciousness to Change the World" initiative. Starting in April 2024, the company introduced the Pepsi 1.45-l beverage in bottles made entirely from 100% recycled PET (rPET). This move has bolstered its brand image among the environmentally conscious younger generation and positions Suntory PepsiCo Thailand as the pioneer in utilizing 100% rPET bottles for beverage packaging in the country., November 2023: At the CPHI India exhibition, Berry Global highlighted its innovative, patient-centric packaging and drug delivery solutions tailored for India and the broader South Asia region. Berry's showcase will feature an array of products from its vast portfolio, such as bottles and other products such as caps, ophthalmic solutions, nasal and throat sprays, vials, dry powder inhalers (DPIs), and pressurized metered dose inhalers (pMDIs). Highlighting the showcase are the company's cutting-edge solutions, which prioritize usability and administration safety, advancements in digitalization for medical devices and primary packaging, and a focus on circular design.. Key drivers for this market are: Rise in Demand for RTD and other Beverages, Tourism Sector Push the Market Demand. Potential restraints include: Rise in Demand for RTD and other Beverages, Tourism Sector Push the Market Demand. Notable trends are: Plastics such as Polyethylene Terephthalate (PET) to Witness Growth.

Forecast: Import of Machinery for Rubber and Plastics Industry to Thailand 2024 - 2028 Discover more data with ReportLinker!

The Thai plastic box market fell to $913M in 2024, with a decrease of -5.2% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $1.1B. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

The Thailand Rigid Plastic Packaging Market report segments the industry into By Product Type (Bottles and Jars, Trays and Containers, Caps and Closures, and more.), By Material (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), and more.), By End-Use Industries (Food, Foodservice, Beverage, and more.)

The South-East Asia Plastic Market Report is Segmented by Type (Traditional Plastics, Engineering Plastics, And Bioplastics), Technology (Blow Molding, Extrusion, Injection Molding, And Other Technologies), Application (Packaging, Electrical and Electronics, Building and Construction, Automotive, And Transportation, Housewares, Furniture, And Bedding, And Other Applications), And Geography (Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, And Rest of South-East Asia). The Report Offers Market Size and Forecasts for the South-East Asia Plastics Market Based On Volume (tons) for all the Above Segments.

Thailand Recycled Plastics Market growth is driven by environmental concerns, technological advancements, government regulations, and shifting consumer preferences toward sustainability.

The report on Malaysia and Thailand Thermoformed Plastic covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

In Thailand Automation Sensors Market, was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029, registering a Compound Annual Growth Rate (CAGR) of 8.65% during the forecast period.

Thailand Total Sales: Value: Plastic Products: Plastic Sack data was reported at 661,117.029 THB th in Dec 2024. This records a decrease from the previous number of 703,400.978 THB th for Nov 2024. Thailand Total Sales: Value: Plastic Products: Plastic Sack data is updated monthly, averaging 721,488.689 THB th from Jan 2021 (Median) to Dec 2024, with 48 observations. The data reached an all-time high of 857,124.350 THB th in Sep 2022 and a record low of 603,963.960 THB th in Apr 2023. Thailand Total Sales: Value: Plastic Products: Plastic Sack data remains active status in CEIC and is reported by Office of Industrial Economics. The data is categorized under Global Database’s Thailand – Table TH.C020: Industrial Products Total Sales (ISIC Rev. 4).

For the fourth year in a row, the Thai hard plastic comb market recorded growth in sales value, which increased by 16% to $5.8M in 2024. In general, consumption continues to indicate prominent growth. Over the period under review, the market reached the peak level in 2024 and is expected to retain growth in years to come.