The Thailand Flexible Packaging Market is expected to grow at a high CAGR of 3% during the forecasting period (2021-2028).
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.
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Drivers and Restraints
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
Blister and Strip Packs
By Raw Material
Food & Beverage
Personal and Household Care
Middle East and Africa
Market Key Companies
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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