PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1347310
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1347310
Vietnam Paper Packaging Market, By Type ; By End-user Industry, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Vietnam Paper Packaging Market Size Set to Touch USD 2 Billion by 2029.
Vietnam paper packaging market is gaining traction because of the increasing demand for carton paper from the e-commerce sector and stringent regulations on plastic packaging.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Vietnam paper packaging market size at USD 1.59 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Vietnam paper packaging market size to grow at a CAGR of 3.58% reaching a value of USD 1.96 billion by 2029. The flourishing e-commerce industry in Vietnam and the increased demand for environmentally friendly packaging are two major development factors for the country's paper packaging market growth. Retailers are switching to paper packaging as a result of rising customer awareness of the drawbacks of plastic packaging, which is predicted to create growth opportunities for the Vietnam paper packaging market over the course of the forecast period.
Vietnam Paper Packaging Market - Overview:
Paper packing is a type of packaging manufactured from paper. This kind of packaging is used to pack, store, and transport items, helping to protect the product within from the effects of transit and storage. There are three main categories of paper packaging: corrugated boxes, boxboard or paperboard cartons, and paper bags and sacks. Packaging made of paper (and cardboard) has several advantages, including the ability to be reused, ease of storage, substantial bulk discounts, and superior printing and branding.
Vietnam Paper Packaging Market:
Segmental Information
Vietnam Paper Packaging Market - By End-User Industry:
Based on end-user industry, the Vietnam paper packaging market is segmented into food & beverages, healthcare, personal care & household care, industrial, and other end-user industries. The food & beverages industry dominates the Vietnam paper packaging market by end-user industry. Paper & paperboard packaging is prominently used for various purposes, such as milk cartons, baking papers, ice cream cups, and others. It is gaining popularity among major fast food chains, such as McDonald's or Domino's due to increasing consumer awareness.
Impact of COVID-19 on Vietnam Paper Packaging Market:
The unprecedented COVID-19 pandemic proliferated the growth of the Vietnam paper packaging market. Although Vietnam was among the least affected countries, the market witnessed significant demand from the food and beverage and e-commerce sectors. Consumers rapidly shifted towards online stores for their daily grocery needs and other products such as clothes, which resulted in a significant spike in e-commerce shipments, boosting the overall market demand for paper packaging in Vietnam. Furthermore, the market also gained traction owing to the rising demand for paper packaging in the healthcare sector.
Competitive Landscape:
Major players operating in the Vietnam paper packaging market include: Song Lam Trading & Packaging Production Co. Ltd, Huhtamaki Oyj, Minh Viet Packaging one member Co. Ltd (Dongwon Systems), Tetra Pak International SA, Oji Interpack Vietnam Co. Ltd, Khang Thanh Co. Ltd, Hanh Packaging Co. Ltd, New Asia Industries Company (SCG), Binh Minh Pat Co. Ltd, Bien Hoa Packaging Joint Stock Company (Rengo Co. Ltd.), and HC Packaging VN Company Limited.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Vietnam Paper Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Vietnam Paper Packaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Paper Packaging Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Demand for Carton Paper from the E-commerce Sector
- 3.2.1.2. Vietnam as One of the Largest Outsourcing Hubs
- 3.2.1.3. Stringent Regulations on Plastic Packaging
- 3.2.2. Restraints
- 3.2.2.1. Fluctuating Raw Material Prices
- 3.2.2.2. Stringent Environmental Regulations
- 3.2.3. Opportunities
- 3.2.3.1. Growing Consumer Goods Industry
- 3.2.3.2. Sustainable Packaging Solutions
- 3.2.4. Challenges
- 3.2.4.1. Low Paper Production Capacity
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Vietnam Paper Packaging Market Overview
- 4.1. Market Size & Forecast by Value, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Folding Cartons
- 4.2.1.2. Corrugated Boxes
- 4.2.1.3. Other Types
- 4.2.2. By End-user Industry
- 4.2.2.1. Food & Beverages
- 4.2.2.2. Healthcare
- 4.2.2.3. Personal Care & Household Care
- 4.2.2.4. Industrial
- 4.2.2.5. Other End-user Industries
- 4.2.1. By Type
5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Vietnam Paper Packaging Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, and others)
6. Impact of Covid-19 on Vietnam Paper Packaging Market
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT analysis)
- 7.1. Song Lam Trading & Packaging Production Co. Ltd
- 7.2. Huhtamaki Oyj
- 7.3. Minh Viet Packaging one member Co. Ltd (Dongwon Systems)
- 7.4. Tetra Pak International SA
- 7.5. Oji Interpack Vietnam Co. Ltd
- 7.6. Khang Thanh Co. Ltd
- 7.7. Hanh Packaging Co. Ltd
- 7.8. New Asia Industries Company (SCG)
- 7.9. Binh Minh Pat Co. Ltd
- 7.10. Bien Hoa Packaging Joint Stock Company (Rengo Co. Ltd)
- 7.11. HC Packaging VN Company Limited
- 7.12. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 Vietnam Paper Packaging Market Segmentation
- Figure 2 Vietnam Paper Packaging Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Vietnam Paper Packaging Market Size, By Value (USD Billion), 2019-2029
- Figure 5 Vietnam Paper Packaging Market Share, By Type, By Value, 2019-2029
- Figure 6 Vietnam Paper Packaging Market Share, By End-user Industry, By Value, 2019-2029
List of Tables
- Table 1 Vietnam Paper Packaging Market Size, By Type, By Value, 2019-2029
- Table 2 Vietnam Paper Packaging Market Size, By End-user Industry, By Value, 2019-2029
- Table 3 Song Lam Trading & Packaging Production Co. Ltd Company Overview
- Table 4 Song Lam Trading & Packaging Production Co. Ltd Financial Overview
- Table 5 Huhtamaki Oyj Company Overview
- Table 6 Huhtamaki Oyj Financial Overview
- Table 7 Minh Viet Packaging one member Co. Ltd (Dongwon Systems) Company Overview
- Table 8 Minh Viet Packaging one member Co. Ltd (Dongwon Systems) Financial Overview
- Table 9 Tetra Pak International SA Company Overview
- Table 10 Tetra Pak International SA Financial Overview
- Table 11 Oji Interpack Vietnam Co. Ltd Company Overview
- Table 12 Oji Interpack Vietnam Co. Ltd Financial Overview
- Table 13 Khang Thanh Co. Ltd Company Overview
- Table 14 Khang Thanh Co. Ltd Financial Overview
- Table 15 Hanh Packaging Co. Ltd Company Overview
- Table 16 Hanh Packaging Co. Ltd Financial Overview
- Table 17 New Asia Industries Company (SCG) Company Overview
- Table 18 New Asia Industries Company (SCG) Financial Overview
- Table 19 Binh Minh Pat Co. Ltd Company Overview
- Table 20 Binh Minh Pat Co. Ltd Financial Overview
- Table 21 Bien Hoa Packaging Joint Stock Company (Rengo Co. Ltd) Company Overview
- Table 22 Bien Hoa Packaging Joint Stock Company (Rengo Co. Ltd) Financial Overview
- Table 23 HC Packaging VN Company Limited Company Overview
- Table 24 HC Packaging VN Company Limited Financial Overview
