What SCG Packaging does

SCG Packaging Public Company Limited (SET: SCGP) is a multinational consumer packaging solutions provider headquartered in Bangkok, Thailand, operating as a subsidiary of Siam Cement Group (SCG). Founded in 1965, the company employs 5,001-10,000 people and serves eight core vertical markets: Beverage, Processed Food, Convenience and Foodservice, Agricultural and Packaged Food, Consumer and Healthcare, Animal and Pet Care, Consumer Durable Goods, and Electrical and Electronics. The product portfolio spans packaging paper, pulp and paper, foodservice packaging, high-performance material packaging, medical supplies and labware, and sustainable carton and recycled PET (go-rPET) lines. Geographic operations extend across Thailand, Vietnam, Indonesia, Spain, the Netherlands, and the United Kingdom via majority-owned subsidiaries including Duy Tan Plastics, Deltalab, FajarPaper, Peute Group, and Go-Pak.

SCGP's core technology is centered on consumer packaging with a sustainability and circular economy emphasis, evidenced by 99.7% CE recyclability, 17.5% GHG emission reduction, 14 consecutive years of zero waste to landfill in Thailand, and 35% alternative fuel usage. Notable proprietary capabilities include a biodegradable flexible packaging line in Rayong with 20,000+ tons annual capacity (launched August 2025), and closed-loop OCC recycling via Go-Recycle (December 2025). The company holds Top 1% distinction in the S&P Global Sustainability Yearbook 2026 among 848 of 9,200+ companies assessed.

The business model is B2B enterprise sales of packaging solutions across consumer end-markets, with revenue generated from product sales to FMCG, healthcare, foodservice, and industrial customers. Pricing is not publicly disclosed. The company pursues an acquisition-led international expansion strategy, executing six disclosed acquisitions since 2019 (FajarPaper 2019, Duy Tan 2021, Deltalab 2021, almaak 2022, Peute 2022, Law Print and Pack 2025), and operates a global trading platform (Go-Pak International) that consolidates foodservice packaging procurement across multiple geographies. Disclosed financials indicate approximately $3.95B in revenue and ~$517M EBITDA in 2025, with margins under pressure as net income has declined from ~$250M in 2021 to ~$129M in 2025.

Name

SCG Packaging

Legal name

SCG Packaging Public Company Limited

Website

https://scgpackaging.com

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

SCG Packaging (SET: SCGP) is a Thailand-listed multinational consumer packaging solutions provider and Siam Cement Group subsidiary, serving beverage, food, healthcare, foodservice, and industrial markets across Asia and Europe through majority-owned subsidiaries and acquired brands.

Ownership category

akta.pro rank

Product category

Consumer Packaging Manufacturing

NAICS

Other Paperboard Container Manufacturing (322219), Plastics Bag and Pouch Manufacturing (326111)

SIC

Papers & Allied Products (2600), Paperboard Containers & Boxes (2650), Plastics, Foil & Coated Paper Bags (2673)

akta.pro primary industry

Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons) (CRADALAL)

akta.pro secondary industries

Napkins, Tableware & Foodservice Disposables (Plates, Cups, Cutlery) (CRADALAD), Plastic Trays, Clamshells & Blister Packaging Manufacturing (IMANAEAE)

Keywords

• Consumer packaging solutions
• Paper packaging manufacturing
• Rigid plastic packaging
• Foodservice packaging supplies
• Sustainable packaging design

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Distribution channels2 records

Marketing channels3 records

Core offering

SCG Packaging manufactures and supplies a comprehensive range of consumer packaging products including paper packaging, packaging paper, pulp and paper, rigid and flexible plastic packaging, foodservice packaging, and medical/labware consumables. The company serves end-markets across beverages, processed food, convenience and foodservice, agricultural and packaged food, consumer and healthcare, animal and pet care, consumer durables, and electrical and electronics. Operations span Thailand, Vietnam, Indonesia, Spain, the Netherlands, the UK, and Germany via owned subsidiaries.

Differentiator

Problem solved

Functional benefit

Brands

• Go-Pak: Foodservice packaging brand, also operates Go-Pak International global trading platform
• Deltalab
• Duytan
• go-rPET
• Green carton by SCGP
• Peute

Products and services

• Beverage Packaging Paper- and plastic-based packaging products designed for beverage manufacturers across primary, secondary, and tertiary packaging formats.
• Processed Food Packaging Packaging solutions tailored for processed food manufacturers, including cartons, flexible packaging, and rigid containers.
• Convenience and Foodservice Packaging Disposable foodservice and convenience packaging products supplied through the Go-Pak brand and Go-Pak International global trading platform.
• Agricultural and Packaged Food Packaging Packaging solutions for agricultural producers and packaged fresh-food customers, including corrugated and protective formats.
• Consumer and Healthcare Packaging Packaging products serving consumer goods and healthcare applications, including high-performance material packaging.
• Animal and Pet Care Packaging Specialized packaging for pet food and animal care brands, expanded through the Law Print and Pack acquisition in 2025.
• Consumer Durable Goods Packaging Protective packaging solutions for consumer durable goods manufacturers.
• Electrical and Electronics Packaging Packaging engineered for electrical and electronics manufacturers.
• Medical Supplies and Labware Laboratory consumables and medical supplies produced under the Deltalab brand in Spain, serving healthcare, clinical, and research customers across Europe and Asia Pacific.
• Consumer and Performance Packaging High-performance material packaging serving consumer applications.
• Paper Packaging Paper-based packaging products including cartons and corrugated formats.
• Packaging Paper Industrial packaging paper supplied to converters and packaging manufacturers.
• Pulp and Paper Pulp and paper products produced for internal use and merchant sale.
• Biodegradable Flexible Packaging Line A biodegradable flexible packaging manufacturing line at the Rayong facility targeting over 20,000 tons annually of sustainable packaging.

Quantifiable outcome

• 17.5% GHG emission reduction
• +4 more outcomes

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Go-Pak UKcoreChannel Partner/ Reseller/ Distributor · 1 December 2025Go-Pak UK and parent company SCG Packaging launched Go-Recycle, a closed-loop old corrugated cardboard (OCC) recycling service that collects cardboard alongside deliveries, processes it, and ships it to their papermills in Thailand and Vietnam for repurposing into new packaging products.
• Law Print and PackminorStrategic or Co-development Partner · 1 February 2025SCGP acquired Law Print and Pack, a pet sector packaging company, as part of their expansion strategy in the pet care packaging market.
• Peute GroupminorStrategic or Co-development Partner · 1 July 2022SCGP acquired Peute Group, a Dutch recycler focused on paper and plastic, for approximately $79.3 million in July 2022. This acquisition supports SCGP's circular economy and recycling capabilities.
• almaak internationalminorStrategic or Co-development Partner · 1 March 2022SCGP acquired almaak international, a German recycled polymer company, for approximately $76.3 million in March 2022, enhancing their recycling and sustainable materials capabilities.
• DeltalabcoreStrategic or Co-development Partner · 1 December 2021SCGP completed an 85% share acquisition of Deltalab in Spain, entering the global medical supply and labware market with revenue recognition beginning in December 2021. Deltalab, founded in 1976 in Rubi, specializes in laboratory consumables and equipment. The acquisition aims to expand SCGP's presence in healthcare-related sectors, especially in Europe and Asia Pacific.
• Duy Tan Plastic ManufacturingcoreStrategic or Co-development Partner · 1 July 2021SCGP acquired a 70% stake in Duy Tan Plastic Manufacturing, Vietnam's top producer of rigid plastic packaging. This acquisition is part of a 10-billion-baht investment to expand SCGP's packaging business in Vietnam and strengthen offerings in rigid plastic packaging for FMCG customers. The transaction involved approximately 5.17 billion Baht investment.
• Go-Pak GroupcoreChannel Partner/ Reseller/ DistributorGo-Pak Group is a subsidiary of SCG Packaging and launched Go-Pak International, a global trading platform for foodservice packaging procurement that consolidates orders from multiple suppliers including SCG Packaging and approved third-party suppliers from Vietnam facilities.

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mondi Group: Europe-headquartered paper and packaging manufacturer with corrugated, kraft paper, and flexible packaging lines serving FMCG customers globally; directly comparable to SCG Packaging's paper-based packaging and consumer-packaging focus.
• Klabin: Brazil's largest paper packaging producer, integrated from pulp to corrugated and kraftliner; closely comparable to SCG's vertically integrated paper packaging model, with similar emphasis on renewable and recyclable products.
• Smurfit Westrock: Global paper-based packaging leader formed by the Smurfit Kappa/WestRock merger; comparable to SCG Packaging across containerboard, consumer packaging, and corrugated solutions for multinational FMCG brands.
• Huhtamäki: Finnish foodservice and consumer packaging manufacturer; especially comparable to SCG's Go-Pak foodservice business and fiber-based tableware line, with similar sustainability positioning and multi-continent footprint.
• Stora Enso: Nordic biomaterials and packaging company producing paperboard, corrugated packaging, and wood-based biomaterials; comparable to SCG's pulp/paper and renewable packaging strategy and circular-economy investments.

Broad incumbents

• Amcor: Global flexible and rigid plastic packaging leader post-Berry Global merger; comparable to SCG's flexible and rigid plastics offering (Duy Tan) but with far greater scale and a stronger healthcare packaging portfolio.
• Sonoco Products: Diversified consumer and industrial packaging manufacturer with global operations; overlaps with SCG across consumer packaging, foodservice, and healthcare segments but is broader and US-anchored.
• International Paper: Largest global paper-based packaging company with industrial and consumer packaging lines; broader incumbent that overlaps with SCG's containerboard and consumer-packaging segments but with a heavier North American bias.
• Sealed Air: Global protective and food packaging manufacturer focused on Cryovac food packaging and Bubble Wrap/integrated solutions; adjacent incumbent overlapping with SCG's processed-food and foodservice packaging.

Regional players

• Toppan Holdings: Japan-headquartered diversified packaging and printing group with strong Asian electronics, paper, and films businesses; regional peer with comparable end-market breadth in Asia but limited direct overlap in EU foodservice.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/scg_packaging

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SCG Packaging