Besides, the industry's import and export turnover has increased despite facing a lot of challenges. With the rapid growth rate, the plastic industry is considered a dynamic economic sector in the Vietnamese economy. FDI in Vietnam. Vietnam Plastic Industry. multi-layered and mono-layered packaging), accounting for 77% of total market size in 2020.The market is driven by increasing demand from end-use sectors such as beverage, sauce & condiment, agrochemicals . The market report has been segmented on the basis of product type, technology, and . Vietnam's plastic industry currently accounts for 4.8 percent of the country's total industrial production value alone, and the government anticipates that total plastic production will reach USD 8.81 billion by 2020. Rely on our Market Intelligence platform to get the latest trends on the Plastic Industry and anticipate the future of the sector. Vietnam's plastic industry is benefiting from the need to shift investment and business from multinational corporations. Position of the enterprises in plastic industry: Hin trng doanh nghip trong ngn h At present, the entire plastic industry of Viet Nam consists of more than 2000 enterprises, spread over from the North to the South and most of them are located in Ho Chi Minh city (over 84% enterprises are located in Ho Chi Minh city). Vietnam is on the highway to becoming an industrialised country. Big factories in Vietnam are usually located in province which far away from center. Vietnam plastic packaging market posted strong performance with CAGR 2015-20 of 12.5% to reach approx. Vietnam relies heavily on foreign imports of raw materials for its plastic production. The Vietnam recycled plastics market reached a volume of 228.4 Kilo Tons in 2021. VIETNAM PLASTICS INDUSTRY OVERVIEW Vietnam Plastics Association Vietnam Economy: 2010 2011 2012 2013 2014e GDP per capita (U SD) 1,273 1,573 1,749 1,843 1,947 GDP Growth 6.78% 6.1% 5.7% 5.3% 5.4% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% - 500 1,000 1,500 2,000 2,500 INFLATION In addition, Vietnam's plastic industry still faces many restrictions regarding input policies. Vietnam has attracted both local and foreign investments into its plastics industry. In 2020, Vietnamese plastics' export demand is expected to boom and account for 4.3 . Strong investment in production from FDI and domestic enterprises recently has promoted the growth of production and export of Vietnam's plastic products. Despite strong developments in recent years, Vietnamese plastic manufacturers still have to import a large portion of raw materials. Such growth is resulted from a large market with great potential, and from the fact that Vietnam's plastic industry is only at the beginning of its development compared to the world. These startups and companies are taking a variety of approaches to innovating the Plastics and Rubber Manufacturing industry, but are all exceptional companies well worth a follow. Export turnover of plastic products will reach 4.93 billion USD in 2021 - an increase of 35% compared to 2020. Plastic recycling insights in Vietnam Municipal Waste Management scenario Vietnam is one among the top 5 countries in the world that together account for about 60% of the ocean's plastic pollution. Growing Demand for Plastics & Rubber. Real estate and construction industry continues to recover in the coming years will boost construction plastic products. At the same time, most enterprises in the plastics industry in Vietnam are small- and medium-sized, their production relies mainly on imported technology and equipment. Vietnam Exports of plastics - data, historical chart and statistics - was last updated on October of 2022. VNS Vietnam's first recycled plastic-made road being built in Hai Phong Vietnam's first asphalt road containing recycled plastics is being constructed at the Deep C Industrial Complex in the northern port city of Hai Phong with technological Plastic industry has relatively low profit margin, only 5% whereas loss rate comes up to 7%. Vietnam Plastic Industry Report (EN) - VCBS - 2016.pdf - Free download as PDF File (.pdf), Text File (.txt) or read online for free. The Vietnam plastic industry encompasses all products manufactured using plastic. FiinGroup is pleased to introduce Vietnam Plastic Packaging Market Report 2021, the first and most comprehensive issue on Vietnam plastic packaging industry including flexible packaging and rigid packaging. The Vietnamese plastics market is valued at 7,948 kilo tons in 2021, and it is projected to register a CAGR of over 10% during the forecast period (2022-2027). After buying Duy Tan Plastic Corp, Thailand's Siam Cement Group (SCG) is cementing its domination of Vietnam's plastic production industry. In particular, the plastic industry imports about 4 million tons of plastic materials to serve domestic production. The Vietnam Plastics Association also added that most of the production is focused on sectors such as packaging (37%), household appliances (29%), construction (18%) and technical products (15%). Our mainly products are PVC synthetic leather, PU synthetic leather, PU Action Leather, PU&PVC Direct coating fabric, PVC films, PVC coated fabrics, rain coat for export and domestic. Nonetheless, it has actually experienced a solid growth in recent times. Stavian Chemical is one of the earliest pioneers as well as biggest manufacturers in the field of eco-friendly biodegradable plastic packaging in the Vietnam market. In 2019, the import value of scrap plastic to Vietnam . Vietnam's plastic industry has a lot of potential, though foreign investment in this industry in recent years has not been significant and the room for foreign investors was still very large, he said. In 2020, the production of plastic products will reach 12.5 million tons and export turnover will be USD4.3 billion, followed by a growth rate of 15% each year later. In 2019, approximately 35% of all scrap plastics imported to Vietnam came from the Japan. Despite having advantages in low production costs, the . Search our Hanoi, Vietnam Plastics Industry database and connect with the best Suppliers To The Plastic Industries and other Plastics Industry Professionals in Hanoi, Vietnam. The market is dominated by flexible packaging segment (i.e. Plastics make a vital contribution to the Vietnamese economy. In the recent years, the growth of plasctics industry has reached over 11%/year. This article showcases our top picks for the best Vietnam based Plastics and Rubber Manufacturing companies. Stavian Chemical - The pride of Vietnam's plastic industry. The plastic industry has been one of the world's stable growth industries over the past 50 years with Plastic packaging is the largest segment accounting for 26% of total plastic production. It has set a goal of exporting biodegradable plastic packaging products to demanding markets like Europe, Japan, and the US. Contact us to get the best price: +84 903 849 099. In addition, the import-export balance of plastics industry in Vietnam and China accounts for a small proportion. For Hanoi Plastic Bag, our conversion cost is only about 200USD or few more only due to our machines are quite modern, automatic and professional management. Vietnam exports the plastic product to the United States (ranked 17 in the United States) while the value of plastic goods, rubber of China has been imposed by the United States with tax in the period of 24/09/2018 about $ 10 . US$6.6bn in 2020. Vietnam plastic industry is one of ten industries that are favored by the government for development priority due to its excellent and stable growth as above-mentioned, performing quite strong in exports activities and having good competitiveness over other regional countries. Vietnamese Plastic Industry 2022-2026 View Trends, Analysis and Statistics. China is the . Scribd is the world's largest social reading and publishing site. Duy Tn Plastic is a leading company in the plastic goods market in Vietnam with revenue of VN4.7 trillion in 2020. International giants are moving to . Specializes in processing plastic products as request of customers nationwide, including: + Plastic plugs, plastic caps, plastic rawlplug caps, etc. The volume of polyethylene (PE) and polyethylene terephthalate (PET) plastic waste imported increased by more than 166% and 137% year on year, from January to November 2017. 57.500.000 VND. April 20th, 2018 - VIETNAM PLASTIC INDUSTRY Prepared by Consulting and Research Company for Technology Transfer and Investment August 2013 Vietnam Plastic Industry Page 1 of 41 TABLE OF CONTENTS LIST OF TABLES 4 1 Vietnam Plastic Standard Report Q3 2017 " VIRAC April 29th, 2018 - Vietnam Plastic Standard Report Q3 2017 August 30 2017 the outlook for Vietnam plastic industry in the . This is attributed to the consistent surge in domestic packaging (FMCG) consumption and industrial manufacturing from foreign direct investments. Plastic waste is causing significant risks to marine organisms. Furthermore, it is expected to surge in the future by many experts MAX Chart Compare Export API Embed Vietnam's plastic industry will shift the structure in the direction of reducing the proportion of packaging plastics and household plastics. )The plastic sector as a whole is still young contrasted to various other reputable sectors such as chemical as well as fabric sectors. The industry also targets to become a key sector by 2020 with a high and sustainable growth rate. 06/05/2016 Plastic Industry News The first advantage of Vietnam plastic bag manufacturers in producing plastic bags is much cheaper cost of raw materials, land rent, labor cost compared with other Asian countries. VIETNAM PLASTIC INDUSTRY OUTLOOK Nearly 160 international markets carry Vietnamese plastic goods. However, with the resumption of work in major end-user industries, the market is estimated to have reached pre . Vietnam Plastic Industry +84-24-6328-9520; viracresearch@virac.com.vn; Mon - Fri 8.00 - 18.00 ; Facebook-f Linkedin . The Vietnam plastic market is projected to lead the market with a moderate CAGR over the forecast period. This is attributed to the consistent surge in domestic packaging (FMCG) consumption and industrial manufacturing from foreign direct investment. Plastics are commonly used in a wide range of industries in the country, including packaging, consumer goods, electronics, automotives, aviation, textiles, and agriculture. It is predicted that the main export markets of Vietnam plastic industry in 2018 will be Japan and US. Plastic materials imported are plastic resins, plastic powder, and additives. Vietnam was no exception - the volume imported into the country in just the first six months of 2018 increased by 200% compared to in 2017. Over the last decade, plastics manufacturing has cemented itself as a key supporting industry in Vietnam, with an average growth rate of 15-20 per cent annually. This includes everything from phones, tablets, laptops, computers to pipes, solar wires, protective cases, and more. The Vietnam recycled plastics market reached a volume of 228.4 Kilo Tons in 2021. Due to benefit from a reduction of raw material and an increase in demand for plastic products, plastic manufacturing businesses have had experience strong growth. Though the country's plastics industry is relatively young, it is one of the fastest growing industries in Vietnam, sustaining an average annual growth of 16-18 % between 2010 and 2015, according to the Vietnam Plastics Association (VPA). Packaging plastic is also the main export plastic product of Vietnam's plastic industry. Data from IPSOS, 2019. Revenue growth in the period 2016-2021 will reach 16-18%; many items will have a growth rate of nearly 100%/year. As of 2018, based on data from Financial Times, Vietnam imported 80 per cent of the scrap plastics feedstock for its plastics recycling industry. In addition, the packaging segment has remained the highest proportion in Vietnam's plastic industry by reaching over 30 percent recent years. With the rapid growth rate, plastic industry is considered as a dynamic economic sector in the Vietnamese economy. Vietnam Plastic Manufacturing Vietnam Rubber Association. Due to the COVID-19, the Vietnamese market was affected negatively. Vietnam's plastics industry is being evaluated as potential sectors with the maintaining stable growth rate of 16% - 18% during the last 5 years. According to the Vietnam Plastics Industry Development Plan for the period until 2020 approved by the Ministry of Industry and Trade, the industry is expected to achieve average annual growth of 17.5 per cent in 2011-20. Open navigation menu Vietnam Coffee Producers Vietnam Coffee - Cacao Association. VIETNAM PLASTIC INDUSTRY REPORT December, 2016 9M.2016 - BENEFIT FROM CHEAP RAW MATERIALS PRICE Vietnam plastic industry is still a new sector compared to others such as mechanical, CONTENT chemical or textile industry, but it has grown rapidly in recent years with annual growth rate Vietnam plastic industry overview in of 16-18%. Many large local players in the plastics sector are gradually . 2. The Vietnam Trade Promotion Agency (VIETRADE) affirms that the plastic manufacturing industry is one the fastest growing industries in Vietnam, sustaining average growth of 20%-25% a year. Vietnam Exports of plastics Vietnam Exports of plastics was US$5.16 Billion during 2020, according to the United Nations COMTRADE database on international trade. It seeks to gradually build a complete supply chain encompassing all stages . VICOFA Is a private trade association representing the interest of . Report Store . Vietnam's plastic industry is the industry with a large number of businesses, with nearly 4,000 enterprises nationwide and employing up to 200,000 . Looking forward, the publisher expects the market to reach 374.7 Kilo Tons by 2027, exhibiting at a CAGR of 8.6% during 2022-2027. 0 item(s) Events. Plastics are material consisting of extensive range of synthetic or semi-synthetic organic compounds that can be molded into while soft shape. According to the Vietnam Plastics Association, 75-80% of the plastic raw materials are imported. Free - Vietnam Plastic Packaging Market 2021 Preview (84-24) 3562 6962. research.support@fiingroup.vn . As much as 70% of large plastic plates floating in the ocean and 46% of garbage islands . Made in Vietnam Plastic Industry Directory - Offering Wholesale Vietnamese Plastic Industry from Vietnam Plastic Industry Manufacturers, Suppliers and Distributors at TradeKey.com Demand of household plastic production in Vietnam. This report presents a board range of topics, both sector-specific and crosscutting market issues. Potential development trend of the plastic industry. Under the contract signed on February 9 via a virtual conference, Duy Tan will sell 70 per cent of its shares in five of total twenty-two subsidiary companies, including Duy Tan . The company has its . The plastic industry is integral to the economy as a whole, and Vietnam exports plastic products worldwide. Vietnam is one of the only countries that have a fully vertical supply chain for rubber goods. + Plastic tri glide bars, plastic eyelets, plastic hooks, etc. The Vietnam Trade Promotion Agency (VIETRADE) affirms that the plastic manufacturing industry is one the fastest growing industries in Vietnam, sustaining average growth of 20%-25% a year.The Vietnam Plastics Association also added that most of the production is focused on sectors such as packaging (37%), household appliances (29% . Vietnam's construction plastics segment accounts for around one-fourth of the total plastics industry. Vietnam Plastics Association Plastic recycling industry's problems costing councils up to 500,000 a year Chinese ban on waste imports is significantly affecting UK councils' ability to collect and recycle plastic Plastic collected by Wastesavers community recycling group from households in Newport, (22-10-2018) According to a report by the Vietnam Plastics Association (VPA), plastic packaging accounts for 460 out of 2,000 plastic companies nationwide, contributing 66% to Vietnam's annual plastic export value. Register Login. Vietnam's plastic industry - Opportunities and challenges. Although the plastic industry is considered a "late bloomer" compared to other long-standing industries such as mechanics, electricity - electronics, chemicals, textiles, etc., it has had strong growth and resilience in recent years. View > Vietnamese Plastic Industry 20222026 110 reports Plastic Export, Plastic Production, Plastic Sales 719 statistics Some of the biggest plastics producers are supplying the various industries that are dependent on plastics, notably packaging, construction and electronics. Industry Report . A widely cited global study in 2015 estimated that up to 730,000 tons of plastic made on land in Vietnam became marine litter. According to Mr. Lam, China is the fourth largest import market of Vietnam's plastic products, with a turnover of US $ 148.7 million, accounting for 4.3% of total plastic product export turnover. Unmitigated plastic litter continues to make its way into Vietnam's vast marine environment, threatening marine biodiversity and contaminating marine life - all of which have economic consequences . asean flexible packaging market, by product type (pouches (stand-up pouches, vacuum pouches, retort pouches), bags (gusseted bags, wicketed bags), films and roll stocks, others), by layer type (mono layer, multi-layer (two layers, three layers, five layers, seven layers, others), by material type (polyethylene (pe), polypropylene (pp) (bopp, Currently, between 80 to 90 percent of the nation's raw materials used for plastics . The majority of these plastic products are made for export. We tried to pick companies across the size spectrum from cutting edge Over the last decade, plastics manufacturing has cemented itself as a key supporting industry in Vietnam, with an average growth rate of 15-20 per cent annually. During the pandemic, Vietnam plastic industry is one of the few industries in the group of industrial and consumer goods production that have high growth rates. Only 9 -year business, but we are one of popular plastic manufacturers in Vietnam. Between 2010 and 2015, the plastic industry was one of the fastest-growing industries in Vietnam with an annual growth rate of 16% - 18% per year (following telecommunications and textiles). + Plastic rawlplugs, plastic molds, etc. From 2010 to 2020, this is among the fasting expanding sectors in Vietnam with a yearly development price of 16% - 18% (3rd just to after telecoms as well as fabrics). The plastics industry has nearly 4,000 enterprises, most of them small and medium-sized ones. In average, the conversion cost for 1 ton of plastic bag for Vietnam plastic bag manufacturers ranges from 250USD to 500USD up to different kinds of bags. Photo courtesy of SCG. The domestic plastic household market share is being appreciated. 508-443-4636 Contact Us According to the Vit Nam Plastics Association, in the first half of the year, Vit Nam's plastic export value reached US$1.62 billion, a decline of over 5 per cent compared to the same period last year. Grasping that advantage, the promotion of household plastic production is inevitable. The development of the construction and real estate sector is boosting the demand for plastic construction products. However, the plastics industry was disrupted in 2020 due to the outbreak of COVID-19, which caused global output to decrease by an estimated 0.3 percent compared to 2019. Imports from G7 countries which amounts to 254,000 tons account for most of these imports. It has nearly 1,000 commodities units and 16,000 distribution agents across . Currently many businesses in the plastic industry import raw materials, chemicals and additives mostly from China. Ti liu v Vietnam plastic industry - Ti liu , Vietnam plastic industry - Tai lieu ti 123doc - Th vin trc tuyn hng u Vit Nam The plastic manufacturing industry is one of the fastest growing industries in Vietnam, sustaining an average annual growth of 20 percent to 25 percent. In 2010-2020, Vietnam's plastic industry strove to become one of the industries with the . The massive increase in the number of M&A deals involving foreign investors is putting pressure on Vietnam's plastics industry. Looking forward, IMARC Group expects the market to reach 374.7 Kilo Tons by 2027, exhibiting at a CAGR of 8.46% during 2022-2027. Currently, there are more than 2,000 plastic companies in Vietnam mainly located in Ho Chi Minh City (84%). VIETNAM'S PLASTICS INDUSTRY: READY FOR THE WORLD. Many opportunities for plastic industry According to the Vietnam Plastics Association, the average plastic consumption per capita will increase and reach 45 kg / person / year by 2020, equivalent to a growth rate of 4% / year. According to experts, the consumer demand for household plastic products is increasing . Therefore, there is a huge market demand for technical equipment in the country. Vietnam is the fourth country in the world struggling with managing plastic waste amount draining to the ocean, which is estimated to reach 0.28 - 0.73 million tons every year (Jambeck, 2015). Vietnam has a large agricultural base to supply raw rubber and latex to factories that can make finished products. The most common products made include packaging, household products, construction and engineering plastics. Manufacturers still have to import vietnam plastic industry large agricultural base to supply raw rubber and to... 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