Thailand, home to 69 million people, the region's major exporter and industrial centre has gone all out to build up its first world nation targets with the Thailand 4.0 economic model. Ten priority industries are being groomed as highly potential new growth industries for Thailand: next generation automotive, smart electronics, wellness tourism, agriculture and biotechnology, food processing, robotics, aviation and logistics, biofuels and biochemicals, medical, and digital. Meanwhile, Thailand's plastics industry has seen its plastics production companies grow to 5,000-strong, with plastics registered as among Thailand's top five exports to the rest of the world. In recent years, Thailand has also invested more than US$60 million in bioplastics development, while the packaging market is slated for a CAGR of 4.2% and estimated to grow from 51 million units in 2017 to 63 million units in 2022.
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