Below are some key findings in this preview:
Plastic packaging is the largest packaging segment in Vietnam with market size of US$5bn in 2017, registering 2012-2017 CAGR of 10.9%.
Flexible packaging includes mono-layered & multi-layered segments. Of which, mono-layered segment is dominated by medium and small family businesses, mostly used for low value products while multi-layered segment is dominated by top 14 key players, accounting for approximately 42% market share
Key growth drivers for Vietnam plastic packaging are food & beverage and household & personal care sector. Particularly, food sector and non-food sectors posted CAGR 2012-2017 of 13.4%. Further analysis can be found in the preview.
Key hindrances of plastics packaging resulted from heavy reliance on imported raw materials and limited local petrochemical production capacity. StoxPlus foresees local plastics resins production volume will reach 2.60mn tons, fulling 28.5% of domestic demand in 2022 (compared to 10% in 2017).
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