Thailand Metal Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Thailand Metal Packaging Market is anticipated to register a CAGR of 7.62% during the forecast period. The market's demand for beer and energy drinks has steadily expanded in recent years. Over the projection period, it is anticipated that the sustained economic expansion in the market will increase the need for aluminum cans.
Key HighlightsThe Thailand Metal Packaging Market is highly fragmented due to the presence of several market players significantly contributing to the overall market share. Various international producers of metal packaging have kept up their investments in Thailand. Joint ventures with local partners are the most common type of foreign investment in this industry. Prominent global firms investing in Thailand for several years include Toyo Seikan, Takeuchi Press, Ball Corporation, Showa Denko, and Crown Holdings Inc. Lohakij Rung Charoen Sub Co., Ltd., SWAN Industries (Thailand) Company Limited, and Thai Beverage Can Ltd. are a few prominent domestic operating players.
In December 2022, The TCP Business Group, a prominent Thai-based food, and beverage company, and Crown Holdings teamed up to establish the Crown TCP aluminum can plant with a combined investment of THB 1,500 million (USD 42.36 million), with an anticipated production capacity of more than 820 million cans per year to manufacture Red Bull (Red Bull) export packaging for the Asia-Pacific area.
In August 2022, UACJ Corporation and Toyo Seikan Group Holdings, Ltd. created a 100% recycled aluminium can that produces 60% less CO2 than a standard aluminium can. In its limited editions of The Premium Malt's CO2 Reduction Can (350ml, 5.5% ABV) and The Premium Malt's Kaoru-Ale CO2 Reduction Can (350ml, 6% ABV), Suntory Spirits Ltd. has announced that it would use the world's first 100% recycled aluminium can.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook