Thailand Containerboard Market by Material (Virgin Fibres, Recycled Fibres, and Mixed Fibres), by Type (Linerboard and Flutting), by Wall Type (Single Face, Single Wall, Double Wall, and Triple Wall), and by End-User (Food and Beverage, Consumer Electronics, Personal Care and Cosmetics, and Others End-User) – Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Materials and Chemical | Publish Date: 02-Nov-2024 | No of Pages: 111 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2659
Thailand Containerboard Market Overview
Thailand Containerboard Market size was valued at USD 2.23 billion in 2023 and is predicted to reach USD 3.20 billion by 2030, with a CAGR of 4.99% from 2024 to 2030. In terms of volume the market size was 3167 kilotons in 2023 and is projected to reach 5323 kilotons in 2030, with a CAGR of 6.95% from 2024 to 2030.
The containerboard market refers to the segment of the paper industry that produces a type of paperboard specifically designed for the manufacturing of corrugated boxes and packaging materials. This encompasses the production, distribution, and consumption of containerboard products by various industries for packaging purposes.
These containerboards are durable and strong paperboard which is primarily recycled from old corrugated containers (OCC) and mixed paper, as well as virgin fibres obtained from wood pulp. These boards offer numerous advantages, including their strength and durability, which ensures reliable protection for products during transit and storage, significantly reducing the risk of damage. Moreover, these containerboards offer a lightweight feature which minimizes shipping costs and environmental impact. Its versatility allows for customization to meet diverse packaging needs, from small boxes to large containers.
The Increasing Trade Activities Across the Country is Driving the Demand for Containerboards
Thailand containerboard market growth is due to increased trade activities in the country. As trade volumes rise, so does the demand for packaging materials, including containerboard, to facilitate the transportation and shipment of goods. In 2022, Thailand's trade with the U.S. alone exceeded USD 74 billion, highlighting the significant role of international trade in driving demand.
Thailand's export-dependent economy saw goods worth USD 287 billion exported in 2022, further emphasizing the country's importance in the global packaging industry. As international trade continues to expand, Thailand's market is expected to maintain its position as a key player in the global packaging sector.
The rapid expansion of the e-commerce sector in Thailand leads to a substantial surge in demand for containerboard. E-commerce relies heavily on efficient packaging solutions to safeguard products during shipping and delivery, making containerboard an essential material.
According to the International Trade Administration, Thailand's e-commerce market grew significantly, reaching a value of USD 26.5 billion in 2023, up from USD 23.4 billion in 2022. This growth trajectory is projected to continue, with the market value expected to reach USD 32 billion by 2025.
The increasing demand from the e-commerce sector is driving the Thailand containerboard market expansion, supporting the overall development of the country’s packaging industry.
The rise of alternative packaging materials such as plastics, metals, glass, and composites pose a potential challenge to the demand for containerboard. These substitutes could threaten containerboard, especially if they offer cost advantages or superior performance in specific applications.
Innovative advancements in plastic, metal, glass, or composite materials may lead to their increased adoption by industries traditionally reliant on containerboard, potentially resulting in a loss of market share for containerboard products, particularly where alternative materials offer unique benefits.
Additionally, the increasing focus on sustainability and environmental concerns may further drive the shift towards eco-friendly and recyclable alternatives, prompting containerboard manufacturers to adapt by developing more sustainable products to meet evolving consumer and regulatory demands.
The Integration of Nanotechnology and Smart Packaging in Containerboard Creates Thailand Containerboard Market Opportunity
The containerboard market is expected to experience significant growth as it incorporates emerging technologies such as nanotechnology and smart packaging. These advancements enable the development of high-performance, cost-effective, and versatile containerboard products with enhanced customization and branding capabilities.
Additionally, the integration of nanotechnology and smart packaging solutions will allow for the creation of containerboard products with advanced features such as active protection and real-time monitoring. This fusion of technology and innovation will unlock new opportunities for the market, driving its growth and expansion in the years to come. With these advancements driving innovation, the market is poised for significant growth in the upcoming years.
Competitive Landscape
Several key market players operating in the Thailand containerboard industry include SCG Packaging, Oji Holdings Corporation, Huhtamaki, PrePack Thailand Co. Ltd, South East Packaging Industries, Continental Packaging (Thailand) Co.,Ltd., Siam Toppan Packaging Co. Ltd., TPAC Packaging, Cosmo Group Co., Ltd., Amcor, and others.
Thailand Containerboard Market Key Segments
By Material
-
Virgin Fibres
-
Recycled Fibres
-
Mixed Fibres
By Type
-
Linerboard
-
Kraftliner
-
Testliner
-
-
Flutting
By Wall Type
-
Single Face
-
Single Wall
-
Double Wall
-
Triple Wall
By End-User
-
Food and Beverage
-
Personal Care and Cosmetics
-
Consumer Electronics
-
Others End-User
Key players
-
SCG Packaging
-
Oji Holdings Corporation
-
Huhtamaki
-
PrePack Thailand Co. Ltd
-
South East Packaging Industries
-
Continental Packaging (Thailand) Co.,Ltd.
-
Siam Toppan Packaging Co. Ltd.
-
TPAC Packaging
-
Cosmo Group Co., Ltd.
-
Amcor
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 2.23 Billion |
|
Revenue Forecast In 2030 |
USD 3.20 Billion |
|
Growth Rate (Value) |
CAGR of 4.99% from 2024 to 2030 |
|
Market Volume in 2023 |
3167 kilotons |
|
Volume Forecast in 2030 |
5323 kilotons |
|
Growth Rate (Volume) |
CAGR of 6.95% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing And Purchase Options |
Avail customized purchase options to meet your exact research needs. |
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Speak to Our Analyst
Related Report
Related Blogs
Industry Giants Securing 70 percentage of the Cold Pipe Insulation Market – What Sets Them Apart
Next Move Strategy Consulting forecasts a notable upsurge in...
Norsk Hydro Asa, Leading the Aluminium Sector With Around 28 Percentage Share – Here is Why
The aluminium market is expected to see a remarkable gr...
Exploring Closed Cell Crosslinked Foams: Advancements in Aerospace Applications
Introduction: Closed cell crosslinked foams have emerged as...
