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. |
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