Thailand Meat Packaging Market (2024-2030) | Size, Growth, Trends, Industry, Outlook, Forecast, Analysis, Revenue, Share, Companies, Value

Thailand Meat Packaging Market Synopsis

The Thailand meat packaging market is estimated to be valued at USD 3.5 billion in 2020 and expected to reach a value of USD 5.2 billion by 2026, growing at a CAGR of 7%. The growth can mainly be attributed to the rising demand for convenient products in line with changing lifestyles and increased consumption due to higher affordability and population growth. Additionally, rapid urbanization coupled with government initiatives promoting convenience-oriented food items are also driving the market forward. However, rising environmental concerns due to non-biodegradable materials used in packaging are hindering its growth prospects somewhat.

Market Drivers

With changing lifestyle trends and increasing disposable incomes, there has been an upsurge in demand for convenience products such as ready-to-eat meals or pre-cooked meat packs that require minimal preparation time on part of the consumer while still providing them with flavorful meals. This shift is encouraging manufacturers towards investing more resources into marketing their packaged meats products which adds another layer of impetus into this segment???s revenue stream. Meat consumption has grown significantly over the past few years owing largely to its affordability when compared against other sources of protein such as seafood or poultry among others alongside population growth rate that continues to soar across many countries globally including Thailand itself where it recorded a 1% rise from 2019 till 2021 (as per World Bank data). As a result, these factors have resulted in increased production capacity leading directly into increased sales within this domain resulting a positive outlook being established going forward for all concerned stakeholders involved hereon out.

Challenges of the Market

With most plastic based containers having limited application life cycle once they have served their purpose, disposal becomes an important consideration thereby presenting challenges from an environmental point-of -view since plastic generally does not decompose easily unless subjected deliberately toward environment friendly methods like composting etc.. Plus given how it is non biodegradable material,it eventually ends up piling on landfills or finding its way back into animal feed thus threatening ecological balance.

Covid-19 Impact on the Market

The COVID-19 pandemic has had a major impact on the meat packing industry in Thailand, particularly for small and medium businesses. It has caused significant disruptions to production and supply chains, leading to shortages of raw materials, labour shortages due to travel restrictions, capacity constraints due to reduced demand, as well as financial difficulties due to lower sales. In order to mitigate these impacts, some companies have shifted their focus towards producing alternative products such as vegan or vegetarian options.

Key Players of the Market

The key players in the Thailand meat packaging market are CPF Thailand Public Co., Ltd., Betagro Group (Thailand), Charoen Pokphand Foods PCL (CPF), Thammakaset Co., Ltd., Viaburi Co., Ltd., One Smart Food Service Co., Ltd. and others These players have adopted various strategies such as product innovations and expansions in order to remain competitive amidst the changing consumer demands during this time of crisis. For instance, CPF launched its ???CP Fresh Mart??? online grocery store which offers frozen and chilled foods delivered directly from its processing plants throughout Thailand while Betagro introduced new Halal certified ready-to-eat meals based on local flavors for modern consumers who do not have enough time for cooking at home during this period.

Key Highlights of the Report:

• Thailand Meat Packaging Market Outlook
• Market Size of Thailand Meat Packaging Market, 2023
• Forecast of Thailand Meat Packaging Market, 2030
• Historical Data and Forecast of Thailand Meat Packaging Revenues & Volume for the Period 2020-2030
• Thailand Meat Packaging Market Trend Evolution
• Thailand Meat Packaging Market Drivers and Challenges
• Thailand Meat Packaging Price Trends
• Thailand Meat Packaging Porter's Five Forces
• Thailand Meat Packaging Industry Life Cycle
• Historical Data and Forecast of Thailand Meat Packaging Market Revenues & Volume By Material Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Meat Packaging Market Revenues & Volume By Plastic for the Period 2020-2030
• Historical Data and Forecast of Thailand Meat Packaging Market Revenues & Volume By Rigid? for the Period 2020-2030
• Historical Data and Forecast of Thailand Meat Packaging Market Revenues & Volume By Metal for the Period 2020-2030
• Historical Data and Forecast of Thailand Meat Packaging Market Revenues & Volume By Meat Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Meat Packaging Market Revenues & Volume By Fresh and Frozen for the Period 2020-2030
• Historical Data and Forecast of Thailand Meat Packaging Market Revenues & Volume By Processed for the Period 2020-2030
• Historical Data and Forecast of Thailand Meat Packaging Market Revenues & Volume By Ready to Eat for the Period 2020-2030
• Thailand Meat Packaging Import Export Trade Statistics
• Market Opportunity Assessment By Material Type
• Market Opportunity Assessment By Meat Type
• Thailand Meat Packaging Top Companies Market Share
• Thailand Meat Packaging Competitive Benchmarking By Technical and Operational Parameters
• Thailand Meat Packaging Company Profiles
• Thailand Meat Packaging Key Strategic Recommendations