| Product Code: ETC356245 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for recycled plastics experienced a notable decline, with a growth rate of -37.59% from 2023 to 2024 and a CAGR of -31.31% from 2020 to 2024. This significant decrease could be attributed to shifting demand patterns or changes in trade policies impacting the market stability during this period.
The Thailand recycled plastics market is witnessing increasing attention due to growing environmental concerns and sustainable practices. As part of a global shift towards reducing plastic waste, Thailand is focusing on recycling and reusing plastic materials. Both government initiatives and private sector investments have contributed to the growth of this market. Recycled plastics are used in various industries, including packaging, construction, and automotive, as companies seek to reduce their environmental footprint and meet sustainability goals.
The Thailand recycled plastics market is experiencing robust growth driven by several key drivers. Firstly, there is a growing awareness of environmental sustainability and the need to reduce plastic waste. As a result, both consumers and businesses are increasingly turning to recycled plastics as an eco-friendly alternative to virgin plastics. Government regulations and initiatives promoting plastic recycling and circular economy practices are further propelling market growth. Moreover, the demand for recycled plastics is increasing in various industries, including packaging, automotive, and construction, as companies seek to incorporate recycled materials into their products. The availability of advanced recycling technologies and processes also contributes to the market`s expansion.
The Thailand recycled plastics market confronts various challenges in its quest for growth and sustainability. One major challenge is the inadequate collection and sorting infrastructure for plastic waste, leading to inconsistent and unreliable supply of raw materials for recycling. Additionally, the quality and purity of recycled plastics may not always meet the required standards, limiting their applications and market acceptance. Competition from low-cost virgin plastic production can also affect the pricing and market share of recycled plastics. Moreover, consumer awareness and adoption of eco-friendly practices are still developing, which can impede the market`s growth.
The Thailand recycled plastics market faced challenges during the pandemic as the recycling supply chain was disrupted, leading to reduced collection and processing of recyclable materials. However, there was a growing awareness of environmental issues, prompting businesses and consumers to prioritize recycled plastics. Government initiatives and regulations aimed at reducing plastic waste also supported the market`s recovery. Investments in advanced recycling technologies and sustainable packaging solutions became key trends.
The recycled plastics market in Thailand has players like Thai Plastic Recycle Group Co., Ltd., which specializes in recycling and producing recycled plastic materials for various industries, promoting sustainability and environmental responsibility.
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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