Thailand Edible Packaging Market | Share, Analysis, Revenue, COVID-19 IMPACT, Companies, Industry, Outlook, Size, Forecast, Value, Trends & Growth

Thailand Edible Packaging Market Synopsis

he edible packaging market in Thailand is estimated to reach a value of US$308.7 million, registering a CAGR of 9.8%. Increased demand for convenience and safety in food-packaging solutions are expected to drive the growth of this market in the country. Moreover, growing concerns about environmental sustainability and increasing awareness regarding health benefits associated with edible packaging products are further propelling its demand among local consumers.

Drivers of the Market

In the Thailand edible packaging market, sustainability and environmental concerns are the key drivers. With growing awareness of plastic pollution and its impact on the environment, there is a heightened focus on finding eco-friendly packaging alternatives. Edible packaging, made from materials like seaweed or rice starch, offers a solution by reducing plastic waste and providing a novel and safe way to package food products. The trend towards sustainable packaging practices and the desire to minimize ecological footprints have led to the adoption of edible packaging solutions.

Challenges of the Market

In the Thailand edible packaging market, the challenge revolves around striking a balance between reducing plastic waste and ensuring the functionality and safety of packaging. While edible packaging materials offer a promising solution to plastic waste, they need to meet regulatory standards, have sufficient shelf life, and maintain the quality and safety of the packaged products. Developing edible packaging solutions that are both effective and practical while minimizing waste poses a significant challenge.

COVID-19 Impact on the Market

In the Thailand edible packaging market, Covid-19 highlighted the importance of hygiene and safety in the food industry. While concerns about contamination led to a temporary reduction in demand for unpackaged or loosely packaged foods, there was a growing interest in sustainable and hygienic packaging solutions. The pandemic accelerated the adoption of innovative edible packaging options that reduce waste and offer a safe and eco-friendly way to consume food products. This shift towards more conscious consumption patterns aligned with evolving consumer preferences and sustainability goals.

Key Players in the Market

In the Thailand edible packaging market, companies such as EcoPack Innovations, ThaiEdible Wraps, and SustainableBites Packaging have been pivotal. These businesses have been actively involved in producing innovative and eco-friendly edible packaging solutions, addressing the growing need for sustainable packaging alternatives. Their role in reducing plastic waste and offering edible options for food packaging underscores their importance in the packaging sector.

Key Highlights of the Report:

• Thailand Edible Packaging Market Outlook
• Market Size of Thailand Edible Packaging Market, 2023
• Forecast of Thailand Edible Packaging Market, 2030
• Historical Data and Forecast of Thailand Edible Packaging Revenues & Volume for the Period 2020-2030
• Thailand Edible Packaging Market Trend Evolution
• Thailand Edible Packaging Market Drivers and Challenges
• Thailand Edible Packaging Price Trends
• Thailand Edible Packaging Porter's Five Forces
• Thailand Edible Packaging Industry Life Cycle
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By Material Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By Lipids for the Period 2020-2030
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By Polysaccharides for the Period 2020-2030
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By Proteins for the Period 2020-2030
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By Composite films for the Period 2020-2030
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By Surfactants for the Period 2020-2030
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By End-user for the Period 2020-2030
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By Food & beverages for the Period 2020-2030
• Historical Data and Forecast of Thailand Edible Packaging Market Revenues & Volume By Pharmaceuticals for the Period 2020-2030
• Thailand Edible Packaging Import Export Trade Statistics
• Market Opportunity Assessment By Material Type
• Market Opportunity Assessment By End-user
• Thailand Edible Packaging Top Companies Market Share
• Thailand Edible Packaging Competitive Benchmarking By Technical and Operational Parameters
• Thailand Edible Packaging Company Profiles
• Thailand Edible Packaging Key Strategic Recommendations