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The Vietnam paper packaging market reached approximately USD 2.57 billion in 2023. The market is projected to grow at a CAGR of 3.4% between 2024 and 2032, reaching a value of around USD 3.47 billion by 2032.
Vietnam Paper Packaging Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 2.57 |
Market Size 2032 | USD Billion | 3.47 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 3.4% |
CAGR 2024-2032 - Market by Region | South Central Coast | 3.8% |
CAGR 2024-2032 - Market by Region | Mekong River Delta | 3.6% |
CAGR 2024-2032 - Market by Product | Folding Cartons | 3.7% |
CAGR 2024-2032 - Market by Material | Molded Pulp | 4.2% |
Market Share by Region | Southeast | 24.6% |
The shift towards sustainable packaging is driven by increasing awareness of environmental issues and a desire to reduce plastic waste. Paper packaging is not only eco-friendly but also provides a natural and rustic aesthetic that appeals to many consumers. Additionally, advancements in technology have led to the development of paper packaging solutions that offer the same level of protection and durability as traditional plastic packaging. As a result, companies are increasingly incorporating paper packaging into their product offerings to meet the growing demand for sustainable options.
The rise in popularity of online shopping is driving the need for paper packaging. The Vietnamese government projects that over half of the 100.3 million Vietnamese citizens will engage in online shopping by 2025. Additionally, in 2022, it was reported that the combined revenue of the top 4 e-commerce platforms and TikTok Shop reached 141,000 billion VND, consequently driving the market expansion.
Sustainable packaging, including paper packaging, plays a crucial role in enhancing brand reputation and gaining customer support by showcasing a company's dedication to environmental protection and sustainable development. As a result, an increasing number of businesses are adopting ESG (Environment - Society - Governance) policies. A survey by Vietnam Report revealed that 33.8% of packaging manufacturing businesses have already started implementing their ESG commitments, 43.8% are in the planning phase, and the remaining 22.4% either lack a specific plan or have not established an ESG commitment.
“Vietnam Paper Packaging Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
CAGR 2024-2032 - Market by | Product |
Folding Cartons | 3.7% |
Corrugated Boxes | XX% |
Others | XX% |
Market Breakup by Product
CAGR 2024-2032 - Market by | Material |
Molded Pulp | 4.2% |
Kraft Paper | 2.8% |
Corrugated Board | XX% |
Specialty Paper | XX% |
Others | XX% |
Market Breakup by Material
Market Breakup by End Use
CAGR 2024-2032 - Market by | Region |
South Central Coast | 3.8% |
Mekong River Delta | 3.6% |
Southeast | XX% |
Red River Delta | XX% |
Others | XX% |
Market Breakup by Region
Based on the material, the market is divided into corrugated board, kraft paper, moulded pulp, and speciality paper, among others. Moulded paper is projected to grow at a CAGR of 4.2% during 2024 and 2032 as it is an eco-friendly alternative to traditional packaging solutions like foam and plastics.
Market Share by | Region |
Southeast | 24.6% |
Red River Delta | XX% |
Mekong River Delta | XX% |
South Central Coast | XX% |
Others | XX% |
Major market players are investing heavily in smart and cutting-edge production techniques 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 Product |
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Breakup by Material |
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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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*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 Paper Packaging Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Paper Packaging Historical Market (2018-2023)
8.3 Asia Pacific Paper Packaging Market Forecast (2024-2032)
9 Vietnam Paper Packaging Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Paper Packaging Historical Market (2018-2023)
9.3 Vietnam Paper Packaging Market Forecast (2024-2032)
10 Vietnam Paper Packaging Market by Product
10.1 Folding Cartons
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Corrugated Boxes
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Vietnam Paper Packaging Market by Material
11.1 Corrugated Board
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Kraft Paper
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Moulded Pulp
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Speciality Paper
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Vietnam Paper 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 Healthcare
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Personal Care
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Household Care
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Electrical Products
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Vietnam Paper 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 Tetra Laval Group
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 Huhtamäki Oyj
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 SONG LAM Trading & Packaging Production CO., Ltd.
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 DONGWON System (Tan Tien Packaging)
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 Rengo Co., Ltd.
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 Khang Thanh Manufacturing CO., LTD.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 BINH MINH P.A.T CO., LTD.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 HC Packaging
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Starprint Vietnam JSC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Hanhpackaging Co, Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Paper Packaging Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Paper Packaging Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Paper Packaging Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Vietnam Paper Packaging Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Vietnam Paper Packaging Historical Market: Breakup by Material (USD Billion), 2018-2023
6. Vietnam Paper Packaging Market Forecast: Breakup by Material (USD Billion), 2024-2032
7. Vietnam Paper Packaging Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Vietnam Paper Packaging Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Vietnam Paper Packaging Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Vietnam Paper Packaging Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Vietnam Paper Packaging Market Structure
In 2023, the market reached an approximate value of USD 2.57 billion.
The market is estimated to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 3.47 billion by 2032.
The market is being driven by the wide use of paper packing in the food and beverage sector and the growing adoption of sustainable practices by companies.
The key trends aiding the market include the growth of the e-commerce sector and the integration of smart packaging into the market.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different end uses of paper packaging include food and beverage, healthcare, personal care, household care, and electrical products, among others.
The major players in the market are Tetra Laval Group, Huhtamäki Oyj, SONG LAM Trading & Packaging Production CO., Ltd., DONGWON System (Tan Tien Packaging), Rengo Co., Ltd., Khang Thanh Manufacturing CO., LTD., BINH MINH P.A.T CO., LTD., HC Packaging, Starprint Vietnam JSC, and Hanhpackaging Co, Ltd., among others.
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