Meticulous Research®, a leading global market research company, has released a new report titled, "Vietnam Cartonboard Paper Market by Type (Solid Bleached Board, Solid Unbleached Board, Others), Layer (2 Layers, 3 Layers, Others), Application (Packaging, Graphic Printing, Others), End-use Industry (Food & Beverage, Others) - Forecast to 2030."
Market Overview:
According to the report, the Vietnam cartonboard paper market is expected to reach $637.5 million by 2030, growing at a CAGR of 10.6% from 2023 to 2030. The market's growth is driven by the increasing demand for sustainable and eco-friendly packaging, rising consumer goods demand, and the expansion of e-commerce. However, fluctuating raw material prices and the decreasing use of printed packaging materials pose challenges. Opportunities lie in innovative, sustainable, and customizable packaging solutions, alongside the increasing trend towards smart packaging.
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Market Segmentation:
- By Type:
- Solid Bleached Board (SBB/SBS/GZ)
- Solid Unbleached Board (SUB/SUS/UZ)
- Folding Box Board (FBB/GC1/GC2)
- White Lined Chipboard (WLC/GD/GT)
2023 Insights: The folding box board segment holds the largest market share due to the growing demand in healthcare, e-commerce, food, and consumer goods sectors. This segment is also anticipated to grow at the highest CAGR during the forecast period.
- By Layer:
- 2 Layers
- 3 Layers
- More than 3 Layers
2023 Insights: The 2 layers segment dominates the market, attributed to its widespread use across various sectors. These lightweight, water-resistant boards are ideal for superior printability and are projected to grow at the highest CAGR during the forecast period.
- By Application:
- Packaging
- Graphic Printing
2023 Insights: The packaging segment holds the largest market share, driven by the increasing need for durable and protective packaging solutions in food, cosmetics, retail, and pharmaceuticals. This segment is also projected to grow at the highest CAGR.
- By End-use Industry:
- Food & Beverage
- Pharmaceutical
- Personal Care and Cosmetics
- Home Care
- Nutrition and Health Supplements
- Consumer Electronics
- Other End-use Industries
2023 Insights: The food & beverage segment leads the market, leveraging cartonboards for safe, contamination-free packaging. This segment is expected to maintain its lead and grow at the highest CAGR during the forecast period.
Key Players:
Kraft of Asia Paperboard & Packaging Co., Ltd (Vietnam), Vina Kraft Paper Co., Ltd. (Vietnam), SONG LAM Trading & Packaging Production CO., Ltd (Vietnam), Vietnam Paper Corporation (Vietnam), Thuan An Paper Service Trading Joint Stock Company (Vietnam), Saigon Paper Corporation (Vietnam), Xuan Mai Paper Co., Ltd (Vietnam), Dong Tien Packaging and Paper Co., Ltd (Vietnam), MY HUONG PAPER MANUFACTURING (Vietnam), Miza Nghi Son Co. LTD (Vietnam),
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Key Questions Addressed:
- What are the high-growth market segments based on type, layer, application, and end-use industry?
- What was the historical market trend for Vietnam cartonboard paper?
- What are the market forecasts and estimates from 2023 to 2030?
- What are the major drivers, restraints, and opportunities in the Vietnam cartonboard paper market?
- Who are the major and emerging players, and what are their market shares?
- How is the competitive landscape shaping up in the Vietnam cartonboard paper market?
This report provides a comprehensive analysis of the Vietnam cartonboard paper market, offering insights and detailed forecasts to help stakeholders make informed decisions.
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