The corrugated packaging industry in Thailand is growing in tandem with the national GDP with an average annual growth rate of 3-4%.
As of 2019, there are 1,031 corrugated box plants of varying scales located across the country.
Packaging and Printing sectors have been earmarked as one of the 13 industries expected to expand in the post-pandemic era.
According to Malaysian Corrugated Carton Manufacturers’ Association’s (MCCMA) Corrugated Carton Industry 2019 Outlook, the total demand for corrugated carton is 1.26 million tons, coupled with preference for lightweight materials due to sustainability and small volume orders made possible with digital print advancement.
Foreign manufacturers are increasingly establishing new plants in Vietnam. Cardboard demand in Vietnam has surged more than ten-fold over the past decade, following the rise in online shopping and the relocation of textile and electronics production to the country.
Growing adoption of folding cartons for packaging in industries, such as personal care and cosmetics, beverages, healthcare, and tobacco is driving the market’s growth in the country.
In line with the increase in domestic consumption, growing demand for containerboard is expected with market expansion in the packaging materials market and the demand for corrugated cardboard is likely to increase by 10.1% by 2021.
Singapore’s National Environment Agency will roll out a mandatory packaging reporting framework in 2020 – the first step towards more sustainable packaging waste management. Primary packaging includes cans, bottles and plastic.
sources: Federation of Thai Industries, Department of Business Development, International Corrugated Case Associations, Mordor Intelligence, Market Research Future, Vietnam Economic Times, Fastmarkets RISI, Nikkei Asia, MACCMA Corrugated Carton Industry 2019 Outlook, PaperFirstSTAY AHEAD OF THE COMPETITION. BOOK YOUR SPACE TODAY!