| Product Code: ETC4513826 | Publication Date: Jul 2023 | Updated Date: Feb 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Thailand import trend for the bio-based foam market saw a growth rate of -0.76% from 2023 to 2024, with a compound annual growth rate (CAGR) of 1.14% from 2020 to 2024. This decline in growth can be attributed to shifting consumer preferences towards more sustainable and eco-friendly alternatives, impacting demand for traditional foam products.

The bio-based foam market in Thailand is evolving as environmental concerns drive the demand for sustainable materials. Bio-based foams, made from renewable sources, find applications in various sectors, including packaging and construction.
The Thailand Bio-Based Foam market is witnessing substantial growth, driven by the increasing focus on sustainable and eco-friendly materials in packaging, insulation, and automotive applications. Bio-based foams, derived from renewable sources such as soybean oil or cornstarch, offer alternatives to traditional petroleum-based foams. As Thailand industries strive for environmentally responsible solutions, the adoption of bio-based foams is on the rise. The market growth is further supported by advancements in bio-based foam formulations, the development of biodegradable options, and efforts to reduce the environmental footprint of foam manufacturing processes.
The bio-based foam market in Thailand encounters challenges related to scalability and cost competitiveness. While there is a growing demand for sustainable and environmentally friendly materials, the production scale of bio-based foams remains a hurdle. Balancing the need for large-scale manufacturing without compromising on the ecological footprint poses a significant challenge. Moreover, market players face the task of dispelling misconceptions regarding the cost of bio-based foams compared to traditional counterparts, thereby fostering wider acceptance in the market.
The Thailand Bio-Based Foam market witnessed growth, driven by increasing awareness of sustainability in the packaging and construction industries. Bio-based foams, derived from renewable resources, experienced sustained demand for use in packaging, insulation, and cushioning applications. The COVID-19 pandemic underscored the importance of environmentally friendly materials, leading to sustained demand for bio-based foams. Post-pandemic, the market is expanding as industries prioritize eco-friendly solutions, with increased demand for bio-based foams as alternatives to traditional petroleum-based foams. The Thailand Bio-Based Foam market remains integral in providing solutions for industries committed to sustainable and environmentally conscious practices.
Prominent players in the Bio-Based Foam market in Thailand include BASF SE, DowDuPont Inc., and Cargill, Incorporated. Their bio-based foam solutions align with the growing demand for sustainable and eco-friendly materials.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Bio-Based Foam Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Bio-Based Foam Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Bio-Based Foam Market - Industry Life Cycle |
3.4 Thailand Bio-Based Foam Market - Porter's Five Forces |
3.5 Thailand Bio-Based Foam Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Thailand Bio-Based Foam Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Thailand Bio-Based Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness towards sustainable products |
4.2.2 Government support and initiatives promoting bio-based materials |
4.2.3 Growing demand for eco-friendly packaging solutions |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with bio-based foam production |
4.3.2 Limited availability of raw materials for bio-based foam production |
4.3.3 Lack of standardized regulations for bio-based foam usage |
5 Thailand Bio-Based Foam Market Trends |
6 Thailand Bio-Based Foam Market, By Types |
6.1 Thailand Bio-Based Foam Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Thailand Bio-Based Foam Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 Thailand Bio-Based Foam Market Revenues & Volume, By Corn, 2021-2031F |
6.1.4 Thailand Bio-Based Foam Market Revenues & Volume, By Sugarcane, 2021-2031F |
6.1.5 Thailand Bio-Based Foam Market Revenues & Volume, By Soy, 2021-2031F |
6.2 Thailand Bio-Based Foam Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Thailand Bio-Based Foam Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.3 Thailand Bio-Based Foam Market Revenues & Volume, By Footwear, 2021-2031F |
6.2.4 Thailand Bio-Based Foam Market Revenues & Volume, By Sports & Recreational, 2021-2031F |
6.2.5 Thailand Bio-Based Foam Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.6 Thailand Bio-Based Foam Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.7 Thailand Bio-Based Foam Market Revenues & Volume, By Furniture & Bedding, 2021-2031F |
7 Thailand Bio-Based Foam Market Import-Export Trade Statistics |
7.1 Thailand Bio-Based Foam Market Export to Major Countries |
7.2 Thailand Bio-Based Foam Market Imports from Major Countries |
8 Thailand Bio-Based Foam Market Key Performance Indicators |
8.1 Carbon footprint reduction achieved through the use of bio-based foam |
8.2 Percentage of companies incorporating bio-based foam in their product packaging |
8.3 Investment in research and development for enhancing bio-based foam properties |
9 Thailand Bio-Based Foam Market - Opportunity Assessment |
9.1 Thailand Bio-Based Foam Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Thailand Bio-Based Foam Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Thailand Bio-Based Foam Market - Competitive Landscape |
10.1 Thailand Bio-Based Foam Market Revenue Share, By Companies, 2024 |
10.2 Thailand Bio-Based Foam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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