Thai Plaspac

What Thai Plaspac does

Thai Plaspac Public Company Limited (TPAC, bkk:TPAC) is a Bangkok-headquartered rigid plastic packaging manufacturer founded in 1983 and listed on the main board of the Stock Exchange of Thailand. The company designs, engineers and produces injection-moulded, extrusion blow-moulded, PET and in-mould labelled containers, alongside its proprietary Combi Cup and the SUNPET sub-brand of wide-mouth PET jars and pharmaceutical bottles, serving global FMCG and pharmaceutical brand owners. TPAC operates 19 manufacturing facilities across Thailand, India, the UAE, Malaysia and the Philippines, with FY2025 revenue of approximately THB 6.8 billion split 77% Food & Beverage, 15% Pharma & Personal Care and 8% Household & Industrial, and geographically weighted 48% India, 28% Thailand, 12% UAE, 7% Philippines and 5% Malaysia. The company employs approximately 3,200 people and generates revenue through direct B2B sales with multi-year supply contracts, supported by in-house design (TPAC Design Lab), secondary decoration, printing and assembly capabilities that allow it to deliver finished packaging components to brand-owner specifications. Strategic expansion since 2015 has been driven by a serial acquisition program (Custom Pack, Sunrise Containers, Sun Packaging Systems, Skypet Polymers, Combi-Pack, Super Uniart Industries) combined with greenfield projects in India, the Philippines and the UAE, transforming TPAC from a single-country injection moulder into a multi-country rigid packaging platform with claimed leadership in wide-mouth PET packaging via SUNPET.

Name

Thai Plaspac

Legal name

Thai Plaspac Public Company Limited (บริษัท พลาสติค และหีบห่อไทย จำกัด (มหาชน))

Website

https://tpacpackaging.com

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Thai Plaspac (TPAC, bkk:TPAC) is a Bangkok-headquartered rigid plastic packaging manufacturer operating 19 factories across Thailand, India, the UAE, Malaysia and the Philippines, producing injection-moulded, blow-moulded, PET and IML containers plus SUNPET wide-mouth jars for global FMCG and pharmaceutical brand owners.

Ownership category

akta.pro rank

Product category

Rigid Plastic Packaging

NAICS

Plastics Bottle Manufacturing (326160), All Other Plastics Product Manufacturing (326199)

SIC

Plastics Products, Nec (3089)

akta.pro primary industry

Rigid Plastic Containers (Bottles, Jars, Jugs) Manufacturing (IMANAEAA)

akta.pro secondary industries

Rigid Cosmetic & Personal Care Plastic Packaging (Jars, Bottles, Compacts) (IMALAAAF), Rigid Food Containers (Cups, Trays, Clamshells) (IMALAAAD), Beverage Rigid Plastic Packaging (Water, CSD, Juice Bottles) (IMALAAAI), Plastic Caps, Closures & Dispensing Systems Manufacturing (IMANAEAB), Plastic Trays, Clamshells & Blister Packaging Manufacturing (IMANAEAE)

Keywords

• Rigid plastic packaging
• Injection moulding containers
• PET jars manufacturing
• IML packaging solutions
• FMCG packaging supplier

Headquarters

HQ city

Bang Khun Thian

HQ country

Thailand

HQ region

Asia

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Rigid Plastic Packaging Manufacturing: Manufacture and sale of rigid plastic packaging products including injection moulded, blow moulded, and PET containers for food, beverage, pharmaceutical, personal care, and household/industrial applications. Revenue generated through direct B2B sales of custom and standard packaging solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Thai Plaspac manufactures rigid plastic packaging products — containers, jars, caps, closures, and specialty packaging components — using injection moulding, extrusion blow moulding, in-mould labelling (IML), and proprietary Combi Cup technology. The company serves fast-moving consumer goods, pharmaceutical, personal care, and household/industrial chemical customers from a multi-country manufacturing footprint spanning Thailand, Vietnam, Indonesia, India, the UAE, the UK, and Sweden.

Product overview

Thai Plaspac (TPAC) is a rigid plastic packaging manufacturer offering a comprehensive portfolio of products and manufacturing services. Their core offerings include SUNPET wide-mouth jars and pharmaceutical bottles (among the world's largest PET wide-mouth container producers), Combi Cup (PP cup with cardboard sleeve), and various injection/blow moulding manufacturing services. The company operates as a full-service packaging partner, providing design capabilities through TPAC Design Lab alongside manufacturing expertise across multiple technologies including injection moulding (60 to >500 tonnes), extrusion blow moulding (up to 12 cavities), PET moulding (180-350 tonnes, single and 2-stage), and in-mould labelling (IML). Secondary finishing processes include decoration (labelling, shrink sleeves, metalized coating), printing (offset, UV screen, pad, hot stamp), and assembly services. Products serve food & beverage, pharmaceutical, personal care, and household & industrial sectors. The company was established in 1983 and operates 19 manufacturing facilities across Thailand, India, UAE, Malaysia, and Philippines.

Differentiator

Problem solved

Functional benefit

Brands

• SUNPET: World's largest manufacturer of wide-mouth PET jars and pharmaceutical bottles. Established in 1989 under the SUNPET brand, a global leader in PET packaging.

Products and services

• SUNPET Jars PET-based rigid plastic jars used primarily for personal care, food, and FMCG packaging applications. Sold to brand owners and contract fillers requiring clear, durable, food-contact-compliant containers.
• Combi Cup Packaging Proprietary rigid plastic cup/container packaging produced using Thai Plaspac's Combi Cup technology, supplied to FMCG and food customers as a differentiated alternative to standard injection-moulded or thermoformed containers.
• Injection-Moulded Containers and Components Rigid plastic containers, tubs, and components produced by injection moulding for FMCG, pharmaceutical, personal care, and household/industrial customers. Available with optional IML decoration and secondary assembly.
• Extrusion Blow-Moulded Bottles and Containers HDPE/PP bottles and containers produced by extrusion blow moulding for personal care, household chemicals, and industrial liquid products. Supplied to brand owners and contract manufacturers.
• Caps and Closures Plastic caps and closures manufactured in-house to fit Thai Plaspac's rigid containers, sold as part of the packaging system to FMCG and personal care customers.
• IML-Decorated Packaging In-mould labelled (IML) rigid plastic packaging combining container production and graphic decoration in a single step, delivering shelf-ready branded packaging to FMCG and personal care customers.

Named customers4 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Super Uniart IndustriesminorOthers · 1 January 2024Acquired in 2023/2024, adding a manufacturing facility in Melaka, Malaysia. Expansion of Malaysian operations alongside Combi-Pack.
• TPAC Packaging Philippines Inc.coreOthers · 1 January 2024TPAC's first greenfield project abroad, establishing a new manufacturing facility in Pampanga, Philippines. Represents the company's greenfield expansion strategy outside Thailand.
• Combi-Pack Sdn BhdcoreOthers · 1 June 2022Acquired on June 1, 2022, entering the Malaysian market. Added a food packaging factory located in Seremban. TPAC subsequently acquired the remaining 20% shares in 2023, reaching 100% ownership.
• Skypet Polymers (TPAC Skypet India Private Limited)coreOthers · 1 January 2022Acquired 80% stake in January 2022, expanding into South India with 3 manufacturing facilities. Strategic acquisition to strengthen pharmaceutical and food packaging presence in the Indian market.
• Sun Packaging Systems FZC (SPS)coreOthers · 1 July 2019Acquired in July 2019, expanding TPAC's presence into the UAE and MENA region. Added food packaging manufacturing capacity in Sharjah, UAE. Investment value approximately THB 475 million.
• Sunrise Containers (TPAC Packaging India Private Limited)coreOthers · 1 August 2018Acquired in August 2018, marking TPAC's first overseas acquisition. Added packaging manufacturing capacity for food and pharmaceutical segments in North and West India. TPAC subsequently acquired the remaining 20% shares to reach full ownership.
• Custom Pack Co., Ltd.coreOthers · 1 January 2018Acquired in 2018 as TPAC's first acquisition, adding one production facility southeast of Bangkok to expand domestic manufacturing capacity.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Logoplaste: European-origin rigid plastic packaging specialist with a global in-plant/near-plant manufacturing model serving FMCG multinationals. Comparable to TPAC in serving global consumer brands via multi-country manufacturing footprint.
• Greiner Packaging: Austrian-headquartered rigid plastic packaging producer serving food and FMCG with injection moulding, IML, and decoration capabilities. Highly comparable to TPAC in technology stack (especially IML) and customer verticals.
• ALPLA: Austrian-headquartered global rigid plastic packaging manufacturer with injection and blow moulding capabilities serving FMCG and pharma. Closely comparable to TPAC in product mix (bottles, jars, closures), multi-country manufacturing footprint, and B2B direct sales model.
• Serioplast: Italian-origin rigid plastic packaging manufacturer with global plants serving FMCG multinationals. Closely comparable to TPAC in B2B direct sales, multi-country manufacturing, and rigid plastic bottle/container focus.
• Pact Group Holdings: Australia-listed rigid plastic packaging manufacturer with operations across Australia, Asia, and other regions serving FMCG, beverage, and personal care. Comparable to TPAC in product mix, regional manufacturing, and customer profile.
• Plastipak Holdings: US-based rigid plastic packaging manufacturer specializing in PET preforms, bottles, and containers for beverage, food, and household products. Closely comparable to TPAC's PET moulding and SUNPET wide-mouth jar business.

Broad incumbents

• Berry Global Group (now part of Amcor): Global plastic packaging leader with a large rigid plastics portfolio (bottles, containers, closures) across food, beverage, healthcare, and personal care. Overlaps with TPAC in product categories and end markets, but is materially larger and broader.
• Silgan Holdings: US-listed rigid container manufacturer with strong food and beverage packaging exposure. Overlaps with TPAC in rigid plastic food/beverage containers but operates at much larger scale and broader portfolio.
• Huhtamäki Oyj: Finnish-listed global food and consumer packaging group with rigid plastic and emerging market operations (including India). Comparable to TPAC in food packaging end markets and Asian footprint.

Regional players

• EPL Limited: India-listed specialty packaging company (formerly Essel Propack) with strong India/APAC presence in tubes and specialty plastic packaging. Comparable to TPAC in Indian market exposure and FMCG customer base, though product mix (laminated tubes) differs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/TPACPackagingThailand

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Thai Plaspac