Environmental sustainability has been a mega trend amongst consumers and manufacturers in
various industries. This trend also expands to the plastic industry by developing bioplastics
components and products. Global bioplastics production capacity trend has been growing
significantly. In Thailand there are plenty of agricultural feedstocks, such as cassava and
sugarcane, which will be used as raw materials for bioplastics. With Thailand’s competitiveness
in resource abundance and players in supply chain from upstream to downstream, the Thai
government saw opportunities in bio-related industries, including bioplastics and provides
various support for Thailand to be the bio hub of ASEAN in 2027. Aside from this, BOI also
provides both tax and non-tax incentives to investors. Thus, investing activities related to the
bioplastics industry in Thailand are considered great opportunities for both domestic and foreign
investors.
