Starch Based Plastic in Thailand Trends and Forecast
The future of the starch based plastic market in Thailand looks promising with opportunities in the automotive and transportation, agriculture, packaging, and consumer good markets. The global starch based plastic market is expected to reach an estimated $2.5 billion by 2031 with a CAGR of 8.7% from 2025 to 2031. The starch based plastic market in Thailand is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the growing use of these plastics in food packaging and the rising strict environmental guidelines concerning conventional plastic materials.
• Lucintel forecasts that, within the type category, thermoplastic starch will remain the larger segment over the forecast period due to its extensive utilized in the production of films, bags, formed protective packaging, loose-fill, antistatic, and disposable dishes and plates.
• Within the end use category, packaging will remain the largest segment due to rising consumer inclinations toward eco-friendly packaging.
Emerging Trends in the Starch Based Plastic Market in Thailand
The starch based plastic market in Thailand is gaining momentum due to growing concerns over plastic pollution and the country’s commitment to sustainability. As the demand for biodegradable alternatives rises, Thailand has focused on the development and adoption of starch-based plastics in various industries. Government initiatives, consumer awareness, and technological innovations are shaping the market, creating new opportunities for manufacturers and businesses. These emerging trends position starch-based plastics as a viable alternative to conventional plastics in the country.
• Government Support for Biodegradable Plastics: The Thai government has introduced policies and regulations to encourage the use of biodegradable plastics, including starch-based plastics. Incentives such as subsidies and tax breaks make it more affordable for businesses to adopt eco-friendly materials. These regulations drive the growth of the starch based plastic market in the country.
• Consumer Demand for Sustainable Products: As environmental concerns continue to rise, Thai consumers are increasingly demanding sustainable products. This shift in consumer behavior pushes companies to explore and adopt biodegradable alternatives, including starch-based plastics. The growing demand for eco-friendly packaging and products accelerates market growth.
• Technological Advancements in Production Processes: Technological innovations in the production of starch-based plastics improve their performance and reduce costs. Research and development efforts focus on enhancing the durability, strength, and biodegradability of these materials, making them more versatile for use in a wider range of applications.
• Growth of the Packaging Industry: The packaging sector in Thailand is one of the largest consumers of starch-based plastics. With increasing regulatory pressure and consumer demand for sustainable packaging solutions, businesses are adopting starch-based plastics to replace traditional plastic packaging materials. This sector drives significant growth in the starch based plastic market.
• Collaboration with International Bioplastics Companies: Thai companies are partnering with global leaders in bioplastics to enhance their production capabilities. These collaborations enable access to advanced technologies and innovative solutions, positioning Thai businesses as competitive players in the global starch based plastic market.
These emerging trends reshape the starch based plastic market in Thailand by driving innovation, increasing consumer demand, and fostering collaboration. Government support, technological advancements, and growing awareness accelerate the adoption of starch-based plastics, positioning them as a key solution to reduce plastic waste and promote sustainability in Thailand.
Recent Developments in the Starch Based Plastic Market in Thailand
Recent developments in Thailand’s starch based plastic market highlight the increasing shift toward sustainable alternatives in various industries. Government initiatives, industry collaborations, and technological advancements contribute to the growth of the market. With the packaging sector leading the charge, Thailand is witnessing significant changes as businesses increasingly adopt starch-based plastics.
• Regulatory Push for Biodegradable Plastics: Thailand has implemented regulations that mandate the use of biodegradable plastics in several industries, including packaging and food service. This regulatory push encourages businesses to invest in starch-based plastics as an alternative to traditional plastics, spurring market growth.
• Expansion of Production Facilities: Several Thai companies have expanded their production facilities to meet the growing demand for starch-based plastics. This expansion increases production capacity, enabling businesses to offer a wider variety of products and reduce costs, making starch-based plastics more accessible to different industries.
• Increase in Consumer Awareness: Consumer awareness regarding the environmental impact of traditional plastics is increasing in Thailand. As a result, businesses are responding by offering sustainable alternatives, such as starch-based plastics, to cater to the growing demand for eco-friendly products.
• Partnerships with Global Bioplastics Producers: Thai companies are forming strategic partnerships with global bioplastics producers to strengthen their market position. These collaborations help local companies access cutting-edge technologies and expand their product offerings, further promoting the growth of the starch based plastic market.
• Adoption in the Packaging Sector: The packaging industry is one of the largest adopters of starch-based plastics in Thailand. With increasing regulatory pressure and rising consumer demand for sustainable packaging, the sector is driving significant growth in the starch based plastic market.
Recent developments in Thailand’s starch based plastic market reflect the country’s growing commitment to sustainability and reducing plastic waste. Regulatory support, increased production capacity, and strategic partnerships contribute to the market’s expansion, with the packaging industry playing a major role in this transformation.
Strategic Growth Opportunities for Starch Based Plastic Market in Thailand
The starch based plastic market in Thailand presents several strategic growth opportunities, driven by the increasing demand for sustainable alternatives and the country’s commitment to reducing plastic waste. Key applications in packaging, agriculture, and foodservice offer significant potential for growth as businesses explore starch-based plastics as a viable solution to conventional plastic.
• Packaging Industry: The packaging industry in Thailand represents a major growth opportunity for starch-based plastics. With consumer demand for sustainable packaging solutions and regulatory pressure to reduce plastic waste, companies are adopting starch-based plastics for packaging applications in food, beverages, and consumer goods.
• Agricultural Applications: Starch-based plastics offer great potential in the agricultural sector, particularly for biodegradable mulch films and planting pots. As Thailand seeks to reduce its environmental footprint, these applications provide an eco-friendly alternative to traditional plastic products used in farming.
• Foodservice Industry: The foodservice industry in Thailand is increasingly adopting starch-based plastics for single-use products like cutlery, plates, and cups. The growing consumer demand for eco-friendly solutions in restaurants and foodservice establishments drives the adoption of starch-based plastics in this sector.
• Healthcare Sector: The healthcare industry presents a growing market for starch-based plastics, particularly for biodegradable medical packaging and disposable medical products. As the sector looks for sustainable alternatives without compromising safety and hygiene, starch-based plastics are gaining traction.
• Textile Industry: The textile industry in Thailand presents an emerging growth opportunity for starch-based plastics, particularly in the production of biodegradable fibers. As sustainability becomes a priority in fashion, starch-based plastics are being explored as a replacement for synthetic fibers in clothing and textiles.
Strategic growth opportunities in Thailand’s starch based plastic market are emerging across key sectors such as packaging, agriculture, foodservice, healthcare, and textiles. These opportunities drive innovation and market expansion, positioning starch-based plastics as a key component of Thailand’s efforts to reduce plastic waste and promote sustainability.
Starch Based Plastic Market in Thailand Driver and Challenges
The starch based plastic market in Thailand is influenced by several drivers and challenges, ranging from technological advancements to regulatory frameworks. While the growing demand for sustainable products and government support are key drivers, challenges such as production costs and scalability issues remain. These factors shape the future of the market.
The factors responsible for driving the starch based plastic market in Thailand include:
• Government Support and Regulations: Government policies promoting biodegradable plastics are one of the main drivers of the starch based plastic market in Thailand. These regulations incentivize businesses to invest in sustainable alternatives, including starch-based plastics, to reduce environmental impact.
• Consumer Demand for Sustainable Alternatives: Rising consumer awareness about the environmental impact of traditional plastics is driving the demand for biodegradable alternatives. As consumers increasingly seek eco-friendly products, businesses are responding by adopting starch-based plastics in various industries.
• Technological Advancements in Bioplastics: Ongoing technological advancements in the production of starch-based plastics are improving their performance and reducing production costs. These innovations make starch-based plastics more competitive with traditional plastics and open up new application areas.
• Economic Viability and Cost Reduction: As production processes become more efficient, the cost of producing starch-based plastics decreases. This makes them more economically viable for a wider range of industries, helping expand the market and make starch-based plastics a viable alternative to traditional plastics.
• International Partnerships and Collaboration: Thai companies are forming strategic partnerships with global leaders in bioplastics to enhance their technological capabilities. These collaborations enable access to advanced production techniques, making it easier for Thai businesses to scale up and compete in the global market.
The Challenges in the starch based plastic market in Thailand are:
• High Production Costs: Despite technological advancements, the production costs of starch-based plastics remain higher than conventional plastics. This is a challenge for companies looking to adopt these materials on a large scale, particularly in price-sensitive industries.
• Scalability of Production: While production capacity is increasing, scalability remains an issue for some manufacturers. Scaling up production to meet the growing demand for starch-based plastics presents logistical and operational challenges, which can hinder market growth.
The starch based plastic market in Thailand is driven by government regulations, consumer demand for sustainability, and technological innovations. However, challenges such as high production costs and scalability issues need to be addressed for the market to reach its full potential. Overcoming these challenges will be key to the long-term success and growth of the starch based plastic market in Thailand.
List of Starch Based Plastic Market in Thailand Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, starch based plastic companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the starch based plastic companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7
• Company 8
• Company 9
• Company 10
Starch Based Plastic Market in Thailand by Segment
The study includes a forecast for the starch based plastic market in Thailand by type and end use.
Starch Based Plastic Market in Thailand by Type [Analysis by Value from 2019 to 2031]:
• Thermoplastic Starch
• Starch Polymer Blend
Starch Based Plastic Market in Thailand by End Use [Analysis by Value from 2019 to 2031]:
• Automotive and Transportation
• Agriculture
• Packaging
• Consumer Goods
• Others
Features of the Starch Based Plastic Market in Thailand
Market Size Estimates: Starch based plastic in Thailand market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Starch based plastic in Thailand market size by type and end use in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different type and end use for the starch based plastic in Thailand.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the starch based plastic in Thailand.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What are the major drivers influencing the growth of the starch based plastic market in Thailand?
Answer: The major drivers for this market are the growing use of these plastics in food packaging and the rising strict environmental guidelines concerning conventional plastic materials.
Q2. What are the major segments for starch based plastic market in Thailand?
Answer: The future of the starch based plastic market in Thailand looks promising with opportunities in the automotive and transportation, agriculture, packaging, and consumer good markets.
Q3. Which starch based plastic market segment in Thailand will be the largest in future?
Answer: Lucintel forecasts that thermoplastic starch will remain the larger segment over the forecast period due to its extensive utilized in the production of films, bags, formed protective packaging, loose-fill, antistatic, and disposable dishes and plates.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the starch based plastic market in Thailand by type (thermoplastic starch and starch polymer blend), and end use (automotive and transportation, agriculture, packaging, consumer goods, and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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