Thailand Plastic Market Analysis 2022-2026: Increasing Demand for Packaging Materials to Boost Market Growth

The plastic market share in Thailand is expected to grow by USD 8.63 billion, decelerating at a CAGR of 4.72% during the forecast period. The increasing demand for packaging materials will offer immense growth opportunities to market vendors. In addition, effective waste management is the major plastic market trend in Thailand which will positively influence the growth of the market. However, the stringent regulations will hamper the market value.

Technavio's research report analyses all the growth drivers that are likely to boost market growth along with market trends. The report also assesses the market segments and regional segments to provide a comprehensive analysis of the market in focus. The purpose of the research report is to create a 360-degree view of the market. Unlock Free Sample Analysis Report

Plastic Market In Thailand: Segments and Geographical Regions

The plastic market share in Thailand is segmented by end-user (packaging, electronics, electrical appliances, construction, automotive, and others) and trade type (domestic and export).

The plastic market growth in Thailand by the packaging segment will be significant during the forecast period. Plastics are an integral part of the packaging industry and are used by most manufacturers as they are durable and act as a barrier to prevent moisture from affecting the product. These factors are expected to drive the segment's growth during the forecast period.

Technavio's research report will provide insights into the current market share of each segment along with growth projections for the next five years.

Plastic Market In Thailand: Vendor Analysis

• The market is fragmented due to the presence of several players. 
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 
• BASF SE, Covestro AG, Dow Inc., EcoBlue Ltd., Huntsman Corp., Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, PTT Global Chemical Public Co. Ltd., Siam Cement PCL, and Thai Plastic Industries Co. Ltd. are some of the major plastic market vendors in Thailand.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. The customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download the Free PDF Sample Report

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerating at a CAGR of 4.72%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 8.63 billion through 2022-2026.
    
3. What is a key factor driving this market?
   Increasing demand for packaging materials will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Thailand is the key region featured in this research report.
    
5. Who are the leading market vendors?
   The leading vendors in this market are BASF SE, Covestro AG, Dow Inc., EcoBlue Ltd., Huntsman Corp., Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, PTT Global Chemical Public Co. Ltd., Siam Cement PCL, and Thai Plastic Industries Co. Ltd.
    
6. What are the market segments covered in this report?
   The market is segmented by End-user (Packaging, Electronics and electrical appliances, Construction, Automotive, and Others).