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Vietnam Cartonboard Paper Market by Type (Solid Bleached Board, Solid Unbleached Board, Others), Layer (2 Layers, 3 Layers, Others), Application (Packaging, Graphic Printing), End-use Industry (Food & Beverage, Others) - Forecast to 2030

August 2023 | | ID: VBDEBA84AB21EN
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The research 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), End-use Industry (Food & Beverage, Others)—Forecasts to 2030’, provides in-depth analysis of Vietnam cartonboard paper market emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The Vietnam cartonboard paper market is projected to reach $637.5 million by 2030, at a CAGR of 10.6% during the forecast period 2023–2030. The growth of the Vietnam cartonboard paper market is driven by the growing need for sustainable & eco-friendly packaging solutions, the increasing demand for consumer goods, and the growth in e-commerce. In addition, unstable raw material prices restrain the growth of this market.

The emergence of innovative sustainable & customizable packaging solutions is expected to generate growth opportunities for the players in this market. However, the declining use of printed packaging materials is a major challenge for market growth. Additionally, the increasing demand for smart packaging is a prominent trend in this market.

Based on type, the Vietnam cartonboard paper market is segmented into solid bleached board paper (SBB/SBS/GZ), solid unbleached board paper (SUB/SUS/UZ), folding box board paper (FBB/GC1/GC2), and white lined chipboard paper (WLC/GD/GT). In 2023, the folding box board paper (FBB/GC1/GC2) segment is expected to account for the largest share of the Vietnam cartonboard paper market. The large market share of this segment is attributed to the increasing focus on searching for an alternative to plastic and increasing demand for FBB in the healthcare, e-commerce, food, and consumer goods sectors in Vietnam. Moreover, the folding box board paper (FBB/GC1/GC2) segment is also projected to record the highest CAGR during the forecast period.

Based on layer, the Vietnam cartonboard paper market is segmented into 2 layers, 3 layers, and more than 3 layers. In 2023, the 2 layers segment is expected to account for the largest share of the Vietnam cartonboard paper market. The 2-layer cartonboard consists of 2 layers or piles of paperboard. Such boards are also known as duplex boards or grey boards due to their double side grey color. The board's exterior is coated with bright white color to give it a glossy sheen suit for superior printability. The coated duplex board is sturdy and thin with water-resistant capabilities. Such carton boards are lightweight and easy to transport. The large market share of this segment is attributed to the increasing usage of the 2-layer cartonboard across various sectors. Moreover, the 2 layers segment is also projected to record the highest CAGR during the forecast period.

Based on application, the Vietnam cartonboard paper market is segmented into packaging and graphic printing. In 2023, the packaging segment is expected to account for the larger share of the Vietnam cartonboard paper market. Cartonboard is made from paper used to create carton boxes for packaging applications. These cartons are used as packaging solutions in various industries, such as food, cosmetics, retail, and pharmaceuticals, to protect goods from splashes, drops, and bumps. The demand for cartons is increasing in these industries as they have the strength and durability to contain various items and protect products during shipping. Thus, the large market share of this segment is attributed to the increasing export of packaging products and the growing demand for cartons for packaging applications. Moreover, the packaging segment is also projected to record the highest CAGR during the forecast period.

Based on end-use industry, the Vietnam cartonboard paper market is segmented into food & beverage, pharmaceutical, personal care and cosmetics, home care, nutrition and health supplements, consumer electronics, and other end-use industries. In 2023, the food & beverage segment is expected to account for the largest share of the Vietnam cartonboard paper market. Cartonboards are used for packaging and are an essential component of the F&B supply chain, ensuring that products are delivered to retailers and consumers in good condition. The packaging also helps to reduce waste and minimize the risk of product recalls due to contamination or damage during transportation. Thus, the large market share of this segment is attributed to the increasing use of cartonboard for packaging applications in the food & beverage industry. Moreover, the food & beverage segment is also projected to record the highest CAGR during the forecast period.

Key Players:

Some of the key players operating in the Vietnam cartonboard paper market are 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), and Miza Nghi Son Co. LTD (Vietnam).

Key questions answered in the report-
  • Which are the high-growth market segments based on type, layer, application, and end-use industry?
  • What was the historical market for Vietnam cartonboard paper?
  • What are the market forecasts and estimates for 2023–2030?
  • What are the major drivers, restraints, and opportunities in the Vietnam cartonboard paper market?
  • Who are the major players, and what shares do they hold in the Vietnam cartonboard paper market?
  • How is the competitive landscape in the Vietnam cartonboard paper market?
  • Who are the local emerging players in the Vietnam cartonboard paper market, and how do they compete with the other players?
Scope of the report:

Vietnam Cartonboard Paper Market, by Type
  • Folding Box Board Paper (FBB/GC1/GC2)
  • Solid Bleached Board Paper (SBB/SBS/GZ)
  • White Lined Chipboard Paper (WLC/GD/GT)
  • Solid Unbleached Board Paper (SUB/SUS/UZ)
Vietnam Cartonboard Paper Market, by Layer
  • 2 Layers
  • 3 Layers
  • More than 3 Layers
Vietnam Cartonboard Paper Market, by Application
  • Packaging
  • Graphic Printing
Vietnam Cartonboard Paper Market, by End-use Industry
  • Food & Beverage
    • Dairy
    • Bakery
    • Confectionary
    • Savory & Snacks
    • Other Food & Beverages
  • Consumer Electronics
  • Personal Care and Cosmetics
  • Pharmaceutical
  • Nutrition and Supplements
  • Home Care
  • Other End-use Industries
1. INTRODUCTION

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Approach
2.2. Process of Data Collection and Validation
  2.2.1. Secondary Research
  2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
  2.3.1. Market Size Estimation Approach
  2.3.2. Growth Forecast
2.4. Assumptions for the Study

3. EXECUTIVE SUMMARY

3.1. Overview
3.2. Market Analysis, by Type
3.3. Market Analysis, by Layer
3.4. Market Analysis, by Application
3.5. Market Analysis, by End-use Industry

4. MARKET INSIGHTS

4.1. Overview
4.2. Factors Affecting Market Growth
  4.2.1. Drivers
    4.2.1.1. The Growing Need for Sustainable & Eco-Friendly Packaging Solutions
    4.2.1.2. The Increasing Demand for Consumer Goods, and The Growth in E-commerce
  4.2.2. Restraints
    4.2.2.1. Unstable Raw Material Prices
  4.2.3. Opportunities
    4.2.3.1. The Emergence of Innovative Sustainable & Customizable Packaging Solutions
  4.2.4 Challenges
    4.2.4.1. The Declining Use of Printed Packaging Materials
4.3. Trends
  4.3.1. Increasing Demand for Smart Packaging
4.4. Value Chain Analysis
4.5. Porter's Five Forces Analysis
  4.5.1. Bargaining Power of Buyers
  4.5.2. Bargaining Power of Suppliers
  4.5.3. Threat of Substitutes
  4.5.4. Threat of New Entrants
  4.5.5. Degree of Competition
4.6. Current Macroeconomic Scenario and Future Outlook
  4.6.1. Food & Beverage
  4.6.2. Pharmaceutical
  4.6.3. Consumer Electronics
  4.6.4. Cosmetics & Personal Care
  4.6.5. Nutrition & Health Supplements
  4.6.6. Home Care
  4.6.7. Other End-use Industries
4.7. Import-Export Outlook
  4.7.1. Exports
  4.7.2. Imports
4.8. Pricing Analysis

5. VIETNAM CARTONBOARD PAPER MARKET ASSESSMENT—BY TYPE

5.1. Overview
5.2. Folding Box Board Paper (FBB/GC1/GC2)
5.3. Solid Bleached Board Paper (SBB/SBS/GZ)
5.4. White Lined Chipboard Paper (WLC/GD/GT)
5.5. Solid Unbleached Board Paper (SUB/SUS/UZ)

6. VIETNAM CARTONBOARD PAPER MARKET ASSESSMENT—BY LAYER

6.1. Overview
6.2. 2 Layers
6.3. 3 Layers
6.4. More Than 3 Layers

7. VIETNAM CARTONBOARD PAPER MARKET ASSESSMENT—BY APPLICATION

7.1. Overview
7.2. Packaging
7.3. Graphic Printing

8. VIETNAM CARTONBOARD PAPER MARKET ASSESSMENT—BY END-USE INDUSTRY

8.1. Overview
8.2. Food & Beverage
  8.2.1. Dairy
  8.2.2. Savory & Snacks
  8.2.3. Bakery
  8.2.4. Confectionery
  8.2.5. Other Foods and Beverages
8.3. Consumer Electronics
8.4. Personal Care and Cosmetics
8.5. Pharmaceutical
8.6. Nutrition and Supplements
8.7. Home Care
8.8. Other End-Use Industries

9. COMPETITIVE LANDSCAPE

9.1. Competitive Dashboard
  9.1.1. Industry Leaders
  9.1.2. Differentiators
  9.1.3. Vanguards
  9.1.4. Emerging Companies

10. COMPANY PROFILES (BUSINESS OVERVIEW, SWOT ANALYSIS OF TOP 5 COMPANIES, FINANCIAL OVERVIEW, PRODUCT PORTFOLIO, AND STRATEGIC DEVELOPMENTS)

10.1. Kraft of Asia Paperboard & Packaging Co., Ltd (a subsidiary of Marubeni Corporation)
10.2. Vina Kraft Paper Co., Ltd. (a subsidiary of SCG Packaging Public Company Limited)
10.3. SONG LAM Trading & Packaging Production CO., Ltd
10.4. Vietnam Paper Corporation
10.5. Thuan An Paper Service Trading Joint Stock Company
10.6. Saigon Paper Corporation (a subsidiary of Sojitz Corporation)
10.7. Xuan Mai Paper Co., Ltd
10.8. Dong Tien Packaging and Paper Co., Ltd
10.9. MY HUONG PAPER MANUFACTURING
10.10. Miza Nghi Son Co. LTD

11. APPENDIX

11.1. Available Customization
11.2. Related Reports

LIST OF TABLES

Table 1 Currency Conversion Rate (2018-2022)
Table 2 Vietnam Paper and Paperboard (Corrugated, Creped, Crinkled, Embossed, or Perforated) Products Export Data,2010-2021
Table 3 Top Export Destinations for Vietnam's Paper and Paper Products Industry, 2021
Table 4 Vietnam Paper and Paperboard Market Exports Data, by Category, 2021
Table 5 Vietnam Paper and Paperboard (Corrugated, Creped, Crinkled, Embossed, or Perforated) Products Import Data,2010-2021
Table 6 Top Importers of Paper and Paper Products for Vietnam, 2021
Table 7 Vietnam Paper and Paperboard Market Imports Data, by Category, 2021
Table 8 Export Prices of Paper and Paper Products In Vietnam, June 2021 (USD/Ton, Excluding Taxes and Other Expenses)
Table 9 Vietnam Cartonboard Paper Market, by Type, 2021-2030 (USD Million)
Table 10 Vietnam Cartonboard Paper Market, by Layer, 2021-2030 (USD Million)
Table 11 Vietnam Cartonboard Paper Market, by Application, 2021-2030 (USD Million)
Table 12 Vietnam Cartonboard Paper Market, by End-use Industry, 2021-2030 (USD Million)
Table 13 Vietnam Cartonboard Paper Market for Food and Beverage, by Types 2021-2030 (USD Million)

LIST OF FIGURES

Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 7 Key Insights
Figure 8 Vietnam Cartonboard Paper Market, by Type, 2023 Vs. 2030 (USD Million)
Figure 9 Vietnam Cartonboard Paper Market, by Layer, 2023 Vs. 2030 (USD Million)
Figure 10 Vietnam Cartonboard Paper Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 11 Vietnam Cartonboard Paper Market, by End-use Industry, 2023 Vs. 2030 (USD Million)
Figure 12 Impact Analysis of Market Dynamics
Figure 13 Value Chain Analysis For The Vietnam Cartonboard Paper Market
Figure 14 Porter's Five Forces Analysis
Figure 15 GDP Growth In Vietnam, 2018 - 2022
Figure 16 Vietnam's 2022 FDI Distribution Across Various Sectors
Figure 17 Vietnam Cartonboard Paper Market, by Type, 2023 Vs. 2030 (USD Million)
Figure 18 Vietnam Cartonboard Paper Market, by Layer, 2023 Vs. 2030 (USD Million)
Figure 19 Vietnam Cartonboard Paper Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 20 Vietnam Cartonboard Paper Market, by End-use Industry, 2023 Vs. 2030 (USD Million)
Figure 21 Competitive Dashboard: Vietnam Cartonboard Paper Market
Figure 22 Marubeni Corporation: Financial Overview (2022)
Figure 23 SCG Packaging Public Company Limited: Financial Overview (2022)
Figure 24 Sojitz Corporation: Financial Overview (2022)


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