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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Metal Can Packaging Market Growth
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 Snapshots
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.*
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Key Questions Answered in the Report
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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