Vietnam Flexible Packaging Market Size & Outlook
Vietnam flexible packaging market, 2018-2030 (US$M)
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Vietnam flexible packaging market highlights
- The Vietnam flexible packaging market generated a revenue of USD 1,253.9 million in 2023 and is expected to reach USD 1,869.2 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 1,253.9 million |
| Market revenue in 2030 | USD 1,869.2 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, Vietnam accounted for 0.5% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,251.1 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Vietnam flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 69% in 2023. Horizon Databook has segmented the Vietnam flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The flexible packaging market in Vietnam is growing substantially owing to the focus of several packaging manufacturers to scale up the production of sustainable flexible packaging solutions in the country.
For instance, on April 27, 2023, Huhtamäk Oyj, a packaging manufacturer, announced the commencement of the production of its sustainable flexible packaging solutions made from paper, polypropylene, and polyethylene in the Vietnamese market. Such developments in the country are expected to drive the demand for flexible packaging solutions over the forecast period.
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Target buyers of Vietnam flexible packaging market databook
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Vietnam flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam flexible packaging market size, by raw material, 2018-2030 (US$M)
Vietnam Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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