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The Vietnam metal can packaging market reached approximately USD 398.40 million in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032, reaching a value of around USD 547.72 million by 2032.
Vietnam Metal Can Packaging Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 398.40 |
Market Size 2032 | USD Million | 547.72 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 3.6% |
CAGR 2024-2032 - Market by Region | Southeast | 3.9% |
CAGR 2024-2032 - Market by Region | Mekong River Delta | 3.7% |
CAGR 2024-2032 - Market by Material | Aluminium | 4.1% |
CAGR 2024-2032 - Market by End Use | Food and Beverage | 3.8% |
Market Share by Region | Southeast | 27.6% |
Reportedly, Vietnam's food and beverage (F&B) sector is expected to be valued at over US$27.3 billion in 2024, up 10.9 per cent from 2023, consequently leading to the market expansion. In the beverage sector, metal cans are widely used to pack a wide range of beverages, such as fruit juices, beer, energy drinks, carbonated soft drinks, and more. Metal cans are durable, recyclable, and capable of retaining the flavour and quality of the contents.
By 2025, Vietnam aims to reduce 50% of plastic waste in seas and oceans, reuse, recycle, and treat 85% of generated plastic waste, and gradually decrease the production and use of disposable plastic products and non-biodegradable plastic bags in daily life. Metal cans are an extremely sustainable packaging alternative to plastic as they can be fully recycled without losing quality.
In the pharmaceutical sector, metal cans are frequently used to pack a wide range of goods, such as prescription drugs, dietary supplements, and medical equipment. The pharmaceutical sector uses metal cans due to their protection capabilities, durability, and adherence to safety standards. With roughly 250 manufacturing plants, 4,3000 wholesale agents, 200 import-export facilities, and more than 62,000 retail agents, the pharmaceutical production and business system in Vietnam is flourishing, leading to the expansion of the metal can packaging market in Vietnam.
“Vietnam Metal Can Packaging Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Material
CAGR 2024-2032 - Market by | Material |
Aluminium | 4.1% |
Tin | 3.8% |
Steel | XX% |
Market Breakup by Product Type
Market Breakup End Use
CAGR 2024-2032 - Market by | End Use |
Food and Beverage | 3.8% |
Paint | 3.4% |
Cosmetics and Personal Care | XX% |
Healthcare and Pharmaceuticals | XX% |
Others | XX% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Southeast | 3.9% |
Mekong River Delta | 3.7% |
Red River Delta | XX% |
South Central Coast | XX% |
Others | XX% |
Based on material, the market is segmented into aluminium, tin, and steel. Aluminium is projected to grow at a CAGR of 4.4% between 2024 and 2032. Cans made of aluminium are highly useful in a variety of sectors, such as food, beverages, medicine, and personal hygiene, due to their superior barrier qualities, durability, and ease of recycling. As aluminium cans can be recycled indefinitely without losing quality, they have a major positive environmental impact.
Market Share by | Region |
Southeast | 27.6% |
Red River Delta | XX% |
Mekong River Delta | XX% |
South Central Coast | XX% |
Others | XX% |
Major players are focusing on sustainable manufacturing practices to gain a competitive edge in the market.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material |
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Breakup by Product Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Vietnam Metal Can Packaging Market Size
Vietnam Metal Can Packaging Market Growth
Vietnam Metal Can Packaging Market Share
Vietnam Metal Can Packaging Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Metal Can Packaging Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Metal Can Packaging Historical Market (2018-2023)
8.3 Asia Pacific Metal Can Packaging Market Forecast (2024-2032)
9 Vietnam Metal Can Packaging Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Metal Can Packaging Historical Market (2018-2023)
9.3 Vietnam Metal Can Packaging Market Forecast (2024-2032)
10 Vietnam Metal Can Packaging Market by Material
10.1 Aluminium
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Steel
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Tin
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Vietnam Metal Can Packaging Market by Product Type
11.1 2-Piece Cans
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 3-Piece Cans
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Vietnam Metal Can Packaging Market by End Use
12.1 Food and Beverage
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Cosmetics and Personal Care
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Paint
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Healthcare and Pharmaceuticals
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Vietnam Metal Can Packaging Market by Region
13.1 Southeast
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Red River Delta
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Mekong River Delta
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Central Coast
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Canpac Sdn Bhd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Kian Joo Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Dongwon Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Crown Holdings, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Royal Can Industries Company Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Metal Can Packaging Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Metal Can Packaging Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Metal Can Packaging Historical Market: Breakup by Material (USD Million), 2018-2023
4. Vietnam Metal Can Packaging Market Forecast: Breakup by Material (USD Million), 2024-2032
5. Vietnam Metal Can Packaging Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Vietnam Metal Can Packaging Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Vietnam Metal Can Packaging Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Vietnam Metal Can Packaging Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Vietnam Metal Can Packaging Historical Market: Breakup by Region (USD Million), 2018-2023
10. Vietnam Metal Can Packaging Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Vietnam Metal Can Packaging Market Structure
In 2023, the market reached an approximate value of USD 398.40 million.
The market is estimated to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 547.72 million by 2032.
The market is being driven by the growth of the beverage sector and the shift towards convenient packaging.
The key trends aiding the metal can packaging market in Vietnam include the rising consumption of beer and the growing adoption of sustainable packaging methods.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different materials used in metal can packaging include aluminium, steel, and tin.
The major players in the market are Canpac Sdn Bhd, Kian Joo Group, Dongwon Group, Crown Holdings, Inc., and Royal Can Industries Company, among others.
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