Vietnam Paper Packaging Market Report and Forecast 2024-2032

Vietnam Paper Packaging Market Size

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 Outlook

• Vietnam has 900 packaging enterprises, with 70% in the southern region, especially in HCM City, Binh Duong, and Dong Nai.

• The International Exhibition on Pulp and Paper Industry, Paper Vietnam, is scheduled to be held at the Saigon Exhibition & Convention Centre in Ho Chi Minh City, Vietnam, from June 25th to June 27th, 2025.

• The incorporation of intelligent packaging, including the integration of QR codes and other interactive features, in paper packaging enables brands to interact through digital channels, offer details on product sources, sustainability efforts, and special promotions.

Vietnam Paper Packaging Market Growth

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 Industry Segmentation

“Vietnam Paper Packaging Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Folding Cartons

• Corrugated Boxes

• Others

Market Breakup by Material

• Corrugated Board

• Kraft Paper

• Moulded Pulp

• Speciality Paper

• Others

Market Breakup by End Use

• Food and Beverage

• Healthcare

• Personal Care

• Household Care

• Electrical Products

• Others

Market Breakup by Region

• Southeast

• Red River Delta

• Mekong River Delta

• South Central Coast

• Others

Vietnam Paper Packaging Market Share

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.

Leading Companies in the Vietnam Paper Packaging Market

Major market players are investing heavily in smart and cutting-edge production techniques to gain a competitive edge in the market.

• 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

• Hanhpackaging Co, Ltd.

• Others

Key Highlights of the Report