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The Thai plastics industry can look forward to ongoing growth over 2024-2026 thanks to continuing domestic and global economic expansion, which will then support stronger demand from downstream manufacturers, including players in the packaging, autos and auto parts, electronics and electrical appliances, construction, and medical devices industries. In addition, government schemes to promote investment in the ‘new S-curve’ industries will benefit plastics manufacturers embedded in these supply chains.

Between 2025 and 2027, the plastic industry is expected to continue its growth, driven by the global and Thai economic recovery, which will increase demand for plastics in end-use industries. Additionally, government policies promoting investment in the New S-Curve industries will support the plastic sector within the supply chains of these industries.

Following depressed conditions in 2020, domestic sales and export volume of plastic products are projected to rise by an average of 2.0-3.0% per year over 2021-2023.

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