“The report on Thailand Injection Molded Plastics Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter’s five forces.

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Thailand Injection Molded Plastics Market: Overview

• The injection molding process is adopted to manufacture plastic products, which are higher in density. The process is also used in the production of plastic parts with high precision. Low labor cost required for the injection molding process makes it a preferred process over other molding processes such as extrusion and blow molding. Prominent applications of injection molded plastics include housewares, knobs, electronic housings & insulation materials, bumpers, covers, trims, bearings, covers, fuel system components, and electrical connectors.
• Based on application, the packaging segment dominated the injection molded plastics market in 2019. The segment is expected to offer lucrative opportunities in the injection molded plastics market in Thailand by the end of the forecast period. However, the consumables & electronics segment is likely to expand at a faster CAGR in the injection molded plastics market in Thailand, owing to rapid expansion of the consumables & electronics sector in the country.
• The automotive & transportation segment is expected to expand at a slower pace than that of packaging and consumables & electronics segments of the injection molded plastics market in Thailand in the near future. Building & construction applications of injection molded plastics include hand tools, fasteners, and accessories. Increase in strength and stiffness of injection molded plastics has led to a rise in consumption of these plastics in building & construction applications.

Key Indicators of Thailand Injection Molded Plastics Market

• Plastic is one of the most functional, esthetic, and sustainable materials in the modern world. It has replaced several materials such as metal, concrete, and wood as it is lightweight, economical, and esthetically appealing. Increase in replacement of steel with plastics in wide range of industries, including packaging, automotive & transportation, and consumables & electronics is anticipated to drive the demand for injection molded plastics during the forecast period.
• Improved performance against wear and tear, enhanced shelf life of food products, and increased durability are some of the features of plastic materials, which are required to meet the demand in packaging applications. Growth in population and rise in demand for consumer products are estimated to drive the demand for injection molded plastics in Thailand in the near future.

Major Growth Drivers of Thailand Injection Molded Plastics Market

• According to the Bank of Thailand, the country was ranked the 13^th largest exporter of electronic products across the globe in 2017. It was also reported to be among the world’s top 10 exporters of six electrical appliances: air conditioners, washing machines, microwave ovens, compressors, refrigerators, and rice cookers. Besides this, Thailand is also ranked among the largest manufacturers of hard disk drives (HDDs) across the globe. Injection molded plastics are extensively used in applications including connectors, boards, switches, and electronic housing. This is projected to drive the demand for injection molded plastics in consumables & electronics applications in the near future.
• Growth in economy, rise in disposable income of people, and increase in spending capabilities have boosted the consumption of packaged products. Busy lifestyle of consumers is driving the growth of easy-to-store, open and closing packs, as well as more convenient pack sizes in the country. Furthermore, lightweight and cost-effectiveness of injection molded plastics have led to an increase in consumption of these plastics in applications such as soft drinks and dairy food.
• Major players operating in the personal care & cosmetics industry such as L’Oréal S.A., Estée Lauder, Unilever PLC/Unilever N.V., The Procter & Gamble Company, Coty Inc., and Shiseido Company are extensively engaged in designing exterior packaging of bottles. Additionally, these companies have diversified their network across Thailand in order to cater to the rising demand for personal care and cosmetics products across the country. This is likely to propel the demand for injection molded plastics in the country, as these products are primarily used in the production of complex shapes in the packaging application.
• Injection molding process is primarily adopted in molding of plastic parts, which are difficult to manufacture. Furthermore, the process offers fast production rate, with highly efficiency. It also entails low labor cost. The process generates less amount of scraps. These benefits of injection molding process are expected to boost the production of injection molded plastics in Thailand.

Impact of COVID-19 on Thailand Injection Molded Plastics Market

• According to the World Bank’s latest report on ‘Thailand Economic Monitor,’ the country’s economy is expected to be impacted severely by the outbreak of the COVID-19 pandemic. The economy is likely to shrink by minimum 5% in 2023. It is expected to take more than two years to return to normal GDP output levels. Furthermore, the report indicated that Thailand’s economy is likely to expand by by 4.1% in 2023 and 3.6% in 2023.
• Manufacturers of injection molded plastics in Thailand are primarily concerned about the lack of availability of raw materials, including resins such as acrylonitrile butadiene styrene, polypropylene, polyvinyl chloride, polystyrene, and polycarbonate. Furthermore, supply chain disruptions, owing to coronavirus-related transportation restrictions and unexpected delays in receiving orders are some of the factors anticipated to hamper the injection molded plastics market in Thailand in the next few years.

Leading Players in Thailand Injection Molded Plastics Market

• The injection molded plastics market in Thailand is highly competitive. Key players operating in the injection molded plastics market in the country include
  • THAI NISSIN MOLD CO.,LTD
  • Kasem International Co. Ltd
  • HI-Q PLAS COMPANY LIMITED
  • Thai Newton Co., Ltd.
  • Sanko Mold and Plastics (Thailand) Co., Ltd,
  • Av plastic co.ltd.
• Companies operating in the injection molded plastics market in Thailand are focusing on using injection molded plastics for consumables & electronics applications

Thailand Injection Molded Plastics Market – Scope of the Report

The latest study collated and published analyzes the historical and present-day scenario of the Injection Molded Plastics market in Thailand to accurately gauge its potential development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the injection molded plastics market in Thailand to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the injection molded plastics market in Thailand will progress during the forecast period of 2023-2033.

The report offers intricate dynamics about the different aspects of the injection molded plastics market in Thailand that aids companies operating in the market in making strategic development decisions. The study also elaborates on the significant changes that are highly anticipated to configure the growth of the injection molded plastics market in Thailand during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the injection molded plastics market in Thailand, and estimate statistics related to the market progress in terms of value (US$ Mn) and volume (kilo tons).

The report mentions company profiles of key players that are currently dominating the injection molded plastics market in Thailand, wherein various development, expansion, and winning strategies practiced and executed by leading players have been presented in detail.

For more information about this report visit: Thailand Injection Molded Plastics Market“

Key Questions Answered in the Report on Injection Molded Plastics Market in Thailand

The report provides detailed information about the injection molded plastics market in Thailand on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the injection molded plastics market in Thailand, so as to help them make successful strategies and take target-driven decisions.

• Which application is the major consumer of injection molded plastics in Thailand?
• How much revenue is the injection molded plastics market in Thailand expected to generate by the end of the forecast period?
• How are key market players successfully earning revenue out of the advantages of Thailand injection molded plastics market?
• What all companies operate across the country?
• What is the market share of the key injection molded plastics producers in Thailand?

Research Methodology – Thailand Injection Molded Plastics Market

The research methodology adopted by analysts for combining the injection molded plastics market in Thailand report is based on detailed primary as well as secondary research. With the help of in-depth insights of the industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the injection molded plastics market in Thailand.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the injection molded plastics market in Thailand.

For secondary research, analysts scrutinized numerous annual report publications, white papers, industry association publications, and company websites to obtain the necessary understanding of the injection molded plastics market in Thailand.

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About SDKI:

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count ( SDKI ) provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Lauren Brown
Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790