Key Takeaways
- Vietnam's flexible packaging market was valued at USD 1.82 billion in 2023 and is projected to reach USD 2.85 billion by 2030, growing at a CAGR of 6.6%.
- The overall Vietnam packaging market size reached USD 5.2 billion in 2022, expected to grow to USD 8.1 billion by 2028 at a CAGR of 7.5%.
- Rigid plastic packaging segment in Vietnam grew by 8.2% YoY in 2023, valued at USD 1.1 billion.
- Total packaging production capacity in Vietnam reached 4.5 million tons in 2023.
- Vietnam produced 1.8 million tons of plastic packaging in 2023.
- Paper packaging production in Vietnam hit 2.1 million tons annually in 2023.
- Vietnam consumed 2.8 million tons of packaging materials in 2023.
- Per capita packaging consumption in Vietnam was 28 kg in 2023.
- Food and beverage sectors consumed 65% of Vietnam's packaging in 2023.
- Vietnam exported USD 2.1 billion worth of packaging products in 2023.
- Packaging exports to US grew 28% YoY to USD 650 million in 2023.
- Vietnam imported USD 1.8 billion in packaging machinery in 2023.
- 45% of Vietnam's packaging innovations adopted AI-driven machinery by 2023.
- Biodegradable packaging production increased 40% YoY to 200,000 tons in 2023.
- 62% of packaging firms in Vietnam invested in recycling tech in 2023.
Vietnam's packaging industry is growing rapidly, with expansion in every major segment.
Consumption & Demand
- Vietnam consumed 2.8 million tons of packaging materials in 2023.
- Per capita packaging consumption in Vietnam was 28 kg in 2023.
- Food and beverage sectors consumed 65% of Vietnam's packaging in 2023.
- E-commerce packaging demand surged 25% YoY in Vietnam 2023.
- Plastic packaging consumption in household sector was 1.1 million tons in 2023.
- Paper packaging demand from retail grew 18% to 900,000 tons in 2023.
- Pharmaceutical packaging consumption reached 120,000 tons in Vietnam 2023.
- Flexible packaging pouches demand hit 500 million units monthly in 2023.
- Sustainable packaging adoption rate in consumer goods reached 35% in 2023.
- Beverage carton consumption was 400 million liters equivalent in 2023.
- Vietnam's packaging waste generation totaled 3.2 million tons in 2023.
- Demand for recyclable packaging grew 22% YoY in FMCG sector 2023.
- Cosmetics packaging consumption in Vietnam was 80,000 tons in 2023.
- Instant noodle packaging demand reached 2.5 billion packs in 2023.
Consumption & Demand Interpretation
Market Size & Growth
- Vietnam's flexible packaging market was valued at USD 1.82 billion in 2023 and is projected to reach USD 2.85 billion by 2030, growing at a CAGR of 6.6%.
- The overall Vietnam packaging market size reached USD 5.2 billion in 2022, expected to grow to USD 8.1 billion by 2028 at a CAGR of 7.5%.
- Rigid plastic packaging segment in Vietnam grew by 8.2% YoY in 2023, valued at USD 1.1 billion.
- Vietnam paper and paperboard packaging market hit USD 2.3 billion in 2023, with 9.1% CAGR forecast to 2029.
- Metal packaging in Vietnam valued USD 850 million in 2022, projected CAGR 5.8% through 2030.
- Glass packaging market in Vietnam reached USD 450 million in 2023, growing at 4.2% CAGR.
- Vietnam's sustainable packaging market segment expanded to USD 650 million in 2023, CAGR 12.3% to 2030.
- Corrugated box packaging sub-market in Vietnam was USD 1.4 billion in 2022, 8.7% CAGR ahead.
- Plastic packaging dominated with 42% market share in Vietnam's packaging industry in 2023.
- Vietnam packaging industry overall CAGR stood at 7.8% from 2018-2023.
- Flexible packaging CAGR in Vietnam forecasted at 7.2% for 2024-2029.
- Vietnam's e-commerce packaging demand boosted market growth by 15% in 2023.
- Packaging market per capita spend in Vietnam reached USD 48 in 2023.
- Food packaging segment accounted for 55% of Vietnam's total packaging market in 2023.
- Beverage packaging market in Vietnam valued USD 1.2 billion in 2023, CAGR 6.9%.
- Pharmaceutical packaging market in Vietnam grew to USD 320 million in 2023, 10.5% CAGR.
- Vietnam's packaging industry attracted USD 1.2 billion FDI from 2018-2023.
- Vietnam's flexible packaging market was valued at USD 1.82 billion in 2023 and is projected to reach USD 2.85 billion by 2030, growing at a CAGR of 6.6%.
- The overall Vietnam packaging market size reached USD 5.2 billion in 2022, expected to grow to USD 8.1 billion by 2028 at a CAGR of 7.5%.
- Rigid plastic packaging segment in Vietnam grew by 8.2% YoY in 2023, valued at USD 1.1 billion.
- Vietnam paper and paperboard packaging market hit USD 2.3 billion in 2023, with 9.1% CAGR forecast to 2029.
- Metal packaging in Vietnam valued USD 850 million in 2022, projected CAGR 5.8% through 2030.
- Glass packaging market in Vietnam reached USD 450 million in 2023, growing at 4.2% CAGR.
- Vietnam's sustainable packaging market segment expanded to USD 650 million in 2023, CAGR 12.3% to 2030.
Market Size & Growth Interpretation
Production Statistics
- Total packaging production capacity in Vietnam reached 4.5 million tons in 2023.
- Vietnam produced 1.8 million tons of plastic packaging in 2023.
- Paper packaging production in Vietnam hit 2.1 million tons annually in 2023.
- Corrugated board production capacity utilization was 85% in Vietnam's top mills in 2023.
- Vietnam's flexible packaging film production reached 850,000 tons in 2023.
- Metal can production in Vietnam was 1.2 billion units in 2023.
- Glass bottle production for beverages in Vietnam totaled 500 million units in 2023.
- Vietnam's PET preform production capacity stood at 300,000 tons per year in 2023.
- Local content in Vietnam's packaging production reached 72% in 2023.
- Number of packaging factories in Vietnam increased to 5,200 in 2023.
- Vietnam's top 10 packaging producers accounted for 45% of total output in 2023.
- Plastic bag production in Vietnam was 600,000 tons in 2023.
- Carton box production volume grew 12% YoY to 1.5 million tons in 2023.
- Aluminum foil packaging production reached 150,000 tons in Vietnam 2023.
Production Statistics Interpretation
Technology & Sustainability
- 45% of Vietnam's packaging innovations adopted AI-driven machinery by 2023.
- Biodegradable packaging production increased 40% YoY to 200,000 tons in 2023.
- 62% of packaging firms in Vietnam invested in recycling tech in 2023.
- Smart packaging with QR codes used in 25% of FMCG products in 2023.
- Vietnam's packaging industry recycled 28% of plastic waste in 2023.
- Adoption of aseptic packaging tech grew 18% in dairy sector 2023.
- 35 new sustainable material patents filed in Vietnam packaging in 2023.
- Nano-coating technology applied to 15% of flexible films in 2023.
- Energy-efficient packaging lines installed in 120 factories in 2023.
- Blockchain tracing in supply chain packaging piloted by 10% firms 2023.
- Vietnam packaging R&D spend increased 25% to USD 150 million in 2023.
- Compostable packaging market share reached 8% in Vietnam 2023.
- Robotic automation in packaging lines at 40% capacity utilization 2023.
Technology & Sustainability Interpretation
Trade (Exports/Imports)
- Vietnam exported USD 2.1 billion worth of packaging products in 2023.
- Packaging exports to US grew 28% YoY to USD 650 million in 2023.
- Vietnam imported USD 1.8 billion in packaging machinery in 2023.
- Paper packaging exports from Vietnam reached 450,000 tons in 2023.
- Flexible packaging exports valued USD 850 million, 15% growth in 2023.
- Vietnam's packaging imports from China totaled USD 1.2 billion in 2023.
- Corrugated box exports surged 20% to 300,000 tons in 2023.
- Plastic packaging exports to EU hit USD 420 million in 2023.
- Vietnam ranked 5th in ASEAN for packaging exports in 2023 with USD 2.1B.
- Imports of raw plastic resins for packaging were 1.5 million tons in 2023.
- Packaging trade surplus in Vietnam was USD 300 million in 2023.
- Exports to Japan of metal packaging grew 12% to USD 150 million in 2023.
- Vietnam imported 250,000 tons of waste paper for packaging production in 2023.
Trade (Exports/Imports) Interpretation
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