Thailand Cosmetics Packaging Market (2020-2026) | Share, Industry, Size, Outlook, Trends, Growth, Analysis, Revenue, Segmentation & COVID-19 IMPACT

Thailand Cosmetics Packaging Market Synopsis

The Thailand cosmetics packaging market is projected to witness a CAGR of 4.4% during the forecast period, 2020-2026. The growth of the market can be attributed to rising demand for beauty and personal care products as well as increasing disposable incomes in the country. Furthermore, growing awareness about different types of cosmetics available in the market is also driving consumer spending on cosmetic products. Additionally, manufacturers are focusing on introducing innovative packaging designs that appeal to customers and facilitate easy handling and storage purposes. Moreover, several international brands have entered into this market due to liberalization policies providing opportunities for global players with established distribution channels from abroad entering into Thai markets which will further drive growth.

Furthermore, initiatives by government authorities such as setting up standards & regulations related to plastic pollution control has resulted in increased production of bioplastics (plastic made from renewable sources) which are expected to create ample opportunity for investment within this sector over upcoming years.