Flexible packaging refers to a package or material made of flexible and easily yielding materials, that when filled or closed can be readily changed into multiple shapes. It is composed of plastics, papers, and metals as the critical components of flexible packaging products, which are made from foil, paper sheet, laminated paper, and plastic layers.
Flexible packaging products have the advantage to produce in various shapes and sizes at low cost. It offers convenient features such as zip-locks and plastic closures. Due to their convenience and functionality, it is widely used in packaging food products. These are some of the factors propelling the market growth.
Flexible packaging market is impacted by the low rate of recyclability at the global level. Most of the plastic waste is mainly comprised of low-value plastic packaging items. However, Low-value flexible packaging materials are difficult to recycle, for reusing them in packaging. These are some of the factors restraining the market growth
By packaging form, the Thailand flexible packaging market is bifurcated into Pouches, Bags, Wraps, Roll Stocks, Blister and Strip Packs.
Among all, The flexible packaging bags have a significant demand from the food and beverage market with plastic being the is the most used material. Additionally, High growth in the retail and snacks market is driving the growth of the market.
By the Raw Material, the Thailand flexible packaging market is segmented into Plastics, Paper, Aluminium Foils, and Multilayer.
Among all, Plastic segment accounts for the largest market by value and volume owing to its properties such as High adaptable nature, easy to convert to any shape, highly flexible, durable quality.
By the Application, the Thailand flexible packaging market is segmented into Food & Beverage, Healthcare, Personal and Household Care, and Others.
Food & Beverage segment has one of the largest shares in Thailand packaging industry, due to increasing women workforce, changing lifestyles, altering food habits, and rising demand for convenient food products. Additionally, Increasing technological innovations, growing demand for convent packaging are some of the major driving factors for the Thailand flexible packaging market.
Amcor, Inno Pack, Huhtamaki Group, Prepack Thailand, Pongslip Plastic Company, Siam Flexible Company, Thug Hua Sinn, Sealed Air Co, Toppan Printing Co, and Tetrapak Thailand are among the few key operating players in the Thailand Flexible Packaging Market.
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