Vietnam Cartonboard Paper Market Projection and Major Players
The Vietnam cartonboard paper market is set to reach USD 637.5 million by 2030, with an anticipated CAGR of 10.6% from 2023 to 2030.
The market’s expansion is fueled by increasing demand for eco-friendly packaging, higher consumer goods consumption, and the growth of e-commerce. Despite this positive outlook, unstable raw material prices pose a challenge to growth. Conversely, the rise of innovative, sustainable packaging solutions presents new opportunities. Challenges include the declining use of printed packaging materials, while smart packaging trends continue to emerge.
Here are the top 10 companies operating in the Vietnam Cartonboard Paper Market
Top Players in the Vietnam Cartonboard Paper Market:
- Kraft of Asia Paperboard & Packaging Co., Ltd. Located in Ba Ria-Vung Tau Province, Kraft of Asia Paperboard & Packaging Co., Ltd. (KOA), operational since 2018, has a capacity of 400,000 tons per year. As a subsidiary of Japan’s Marubeni Corporation, KOA is dedicated to recycling and operates a state-of-the-art wastewater treatment facility.
- Vina Kraft Paper Co., Ltd. Vina Kraft Paper Co., Ltd., situated in Binh Duong Province, is a leading paper packaging producer with an annual capacity of 500,000 tons. This joint venture between Siam Kraft Industry and Rengo Company specializes in various paper products and has a substantial export presence in ASEAN.
- SONG LAM Trading & Packaging Production CO., Ltd. Founded in 2003 and based in Hanoi, SONG LAM offers folding carton packaging solutions for the pharmaceutical and food sectors. Its advanced facility in Quang Minh Industrial Zone supports comprehensive packaging production.
- Vietnam Paper Corporation Vietnam Paper Corporation, established in 1976 and headquartered in Phu Tho Province, has extensive production capabilities, including bleached pulp and printing paper. The company uses advanced technology for efficient paper production.
- Thuan An Paper Service Trading Joint Stock Company Established in 1995 and based in Binh Duong and Binh Phuoc provinces, Thuan An Paper Service Trading Joint Stock Company produces 650,000 tons of paper annually, including Kraftop Liner, Test paper-liner, and Medium paper.
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- Saigon Paper Corporation Since 1997, Saigon Paper Corporation has been a major player in Vietnam’s paper industry, producing 100% recycled paper products. The company’s two mills in Ba Ria – Vung Tau Province have a combined capacity of 224,640 tons per year.
- Xuan Mai Paper Co., Ltd. Xuan Mai Paper Co., Ltd., founded in 2004 and headquartered in Ho Chi Minh City, produces high-quality carton and consumer papers. The company serves multiple sectors and has made significant investments in wastewater treatment technology.
- Dong Tien Packaging and Paper Co., Ltd Dong Tien, founded in 1994 and based in Ho Chi Minh City, is a leader in recycling paper. The company offers a variety of products, including White Top Liner and Testliner papers, supported by advanced technology from international suppliers.
- MY HUONG PAPER MANUFACTURING MY HUONG PAPER MANUFACTURING, founded in 2008 in Hai Phong, focuses on duplex paper production. Its strategic location and advanced facilities are designed to support its ambition of leading the duplex paper market by 2025.
- Miza Nghi Son Co., LTD Miza Nghi Son Co., LTD, established in 2018 and located in Thanh Hoa Province, specializes in packaging paper with a focus on recycling. The company produces medium, testliner, and duplex paper, aiming to provide high-quality products for both domestic and international markets.
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