The Thailand Flexible Packaging Market size is expected to grow from USD 4.82 billion in 2023 to USD 6.54 billion by 2028, at a CAGR of 6.31% during the forecast period (2023-2028).
The Thailand Flexible Packaging Market is highly competitive in nature, with a high number of market players. This market is distinguished by limited product differentiation, increasing product penetration, and intense competition. Design, technology, and application innovation can provide a long-term competitive edge.
In Februray 2023, Sealed Air Corporation announced its acquisition of Liquibox for a purchase price of USD 1.15 billion, where this acquisition accelerates SEE’s fastest-growing segment, the CRYOVAC brand Fluids & Liquids business. CRYOVAC technology, scale, and market access provide a significant source of synergies. This acquisition contributes to and fast tracks SEE’s transformation to become a world-class, digitally driven company automating sustainable packaging solutions.
In December 2022, Amcor announced the launch of its new cutting-edge manufacturing facility in Huizhou, China. The over USD 100 million investment in China's 590,000-square-foot factory strengthens Amcor's capabilities to satisfy expanding client demand throughout Asia Pacific. The factory has China's first automated packaging production line. Together with high-speed printing presses, laminators, and bag-making equipment, this can result in double-digit reductions in production cycle times.
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