Thailand Pharmaceutical Packaging Market Synopsis
From 2019 to 2022, Thailand pharmaceutical packaging market witnessed consistent growth owing to the expanding pharmaceutical industry, healthcare infrastructure development, and a growing aging population, the United Nations predicts that by 2030, around 20% of Thailand's population will be over 65. In addition, the country has 20,516 registered pharmacies, with 25% in Bangkok and 75% in the provinces. Notably, companies selling medicines and medical supplies in Thailand surged from 994 in 2019 to 1,792 in 2021. This reflects a booming healthcare sector, driving the need for reliable pharmaceutical packaging.
According to 6Wresearch, Thailand pharmaceutical packaging market size is projected to grow at a CAGR of 5.6% during 2023-2029. Thailand's flourishing medical tourism sector, boasting an impressive CAGR of 18%, coupled with increased healthcare spending – which surged from $57 per capita in 2001 to $305 in 2020 at an average annual rate of 9.39% – is poised to bolster the pharmaceutical packaging market. Additionally, Thailand's robust distribution networks and thriving pharmaceutical industry are pivotal in ensuring wider access to medicines. As the pharmaceutical market continues to expand, it's expected to drive a heightened demand for pharmaceutical packaging.
Market by Material Type
In 2022, plastic packaging acquired the majority of the revenue share in the Thailand Pharmaceutical Packaging Market, owing to its wide adoption, cost-effectiveness, and flexibility as plastic containers and blister packs are commonly used for packaging a variety of pharmaceutical products, including tablets and capsules.
Market by Product Type
Flexible product type has garnered maximum revenue share in the total pharmaceutical packaging market of Thailand in 2022 owing to its accommodation in a wide range of pharmaceutical products, including solid dosage forms (tablets, capsules), liquids, creams, powders, and more. Moreover, flexible packaging is often more cost-effective.
Market by Packaging Type
On account of protection against various external factors such as light, moisture, oxygen, and contaminants that could degrade the product or compromise its efficacy, primary packaging is mostly used and thus, acquired a major revenue share in the pharmaceutical packaging market in 2022. A similar segment is projected to propel in the market.
Market by End-Users
In 2022, Pharmaceutical Manufacturers held a dominant position in the revenue share of the Thailand Pharmaceutical Packaging Market, primarily because they are the main producers of pharmaceutical products that necessitate packaging. The market's growth, driven by the expanding pharmaceutical industry and rising demand for healthcare products, further contributed to their substantial market share. Additionally, the need for secure packaging solutions also played a significant role in solidifying their position in the market.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Thailand Pharmaceutical Packaging Market Overview
- Thailand Pharmaceutical Packaging Market Outlook
- Thailand Pharmaceutical Packaging Market Forecast
- Historical Data and Forecast of Thailand Pharmaceutical Packaging Market Revenues, for the Period 2019-2029F
- Historical Data and Forecast of Thailand Pharmaceutical Packaging Market Revenues, By Material Type, for the Period 2019-2029F
- Historical Data and Forecast of Thailand Pharmaceutical Packaging Market Revenues, By Product Type, for the Period 2019-2029F
- Historical Data and Forecast of Thailand Pharmaceutical Packaging Market Revenues, By Packaging Type, for the Period 2019-2029F
- Historical Data and Forecast of Thailand Pharmaceutical Packaging Market Revenues, By End-Users, for the Period 2019-2029F
- Thailand Pharmaceutical Packaging Market Import-Export Statistics
- Thailand Pharmaceutical Packaging Market Drivers and Restraints
- Thailand Pharmaceutical Packaging Market Trends
- Thailand Pharmaceutical Packaging Porters Five Forces
- Thailand Pharmaceutical Packaging Opportunity Assessment, By Material Type, 2029F
- Thailand Pharmaceutical Packaging Opportunity Assessment, By Packaging Type, 2029F
- Thailand Pharmaceutical Packaging Opportunity Assessment, By End-Users, 2029F
- Thailand Pharmaceutical Packaging Market Revenue Share, By Market Players
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
Thereportprovides a detailed analysis of the following market segments:
By Material Type
- Plastic
- Paper and Paperboard
- Glass
- Metal
- Others (Foil, polymer coatings, etc.)
By Product Type
- Flexible Packaging
- Rigid Packaging
By Packaging Type
- Primary
- Secondary
- Tertiary
By End-Users
- Pharmaceutical Manufacturers
- Contract Packaging Organizations
- Retail Pharmacies and Drugstores
- E-commerce Pharmacies
- Institutional Pharmacies
- Others (Veterinary Clinics & Pet Care Facilities, Home Healthcare, Nursing Homes and Clinics)
