Amid
the rising plastic waste crisis, where Thailand is among the countries throwing
the most plastic waste into oceans, we have seen cooperation between government
agencies and private sectors in launching campaigns and incentive measures to
reduce the use of plastics from January 1, 2020, a good starting point from
which to move towards the goal of zero single-use plastics by 2025. However, coordination
in operation is also required throughout the supply chain, including the food
and beverage industry, the packaging industry and retail operators, in order to
achieve the goal of reducing packaging waste as well as achieving sustainable
consumption in the long-term.
As more consumers shift to food
delivery services during the lockdown period in an effort to prevent the
COVID-19 pandemic, a 15% increase in plastic packaging waste from 5,500 tons
per day prior to the pandemic to 6,300 tons per day has occurred. This means
that Thailand needs to expedite the formulation of guidelines for facilitating
businesses and consumers to gain access to a more eco-friendly alternative
packaging.
KResearch views
that, while businesses in 2020 are facing economic
contraction that has forced many of them to cut their costs by turning to
lower-priced conventional packaging, the market value of eco-friendly food and
beverage packaging is still projected to grow 25% from
last year to around THB 2.1-2.4 billion – though such
growth is much lower than that of 2019, which saw almost
twice as much growth. Nonetheless, its market share for 2020
has increased from around 1% to 2% of
the total market value of the food and beverage packaging industry.
Over
the next five years, eco-friendly food and beverage packaging businesses will
likely be able to carve out a larger share of the market, benefiting from the demand
for eco-friendly packaging and conditions that support production, such as incentive
measures for businesses, the availability of alternative raw materials, and
government measures aimed at the creation of an effective waste packaging management
system. KResearch expects that the market turnover of eco-friendly food and
beverage packaging will likely be in the range of THB13-16
billion in 2025.
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