hot selling Plasticizer efficiency Vietnam

  • hot selling Plasticizer efficiency Vietnam
  • hot selling Plasticizer efficiency Vietnam
  • hot selling Plasticizer efficiency Vietnam
  • Does Vietnam have a plastics market?
  • Vietnam’s rapidly expanding plastics market is an attractive proposition to providers of innovative technologies. The country’s plastics market is projected to register a CAGR of more than 10% yearly from 2021-2026, according to Mordor Intelligence.
  • Are foreign companies investing in Vietnam's plastics industry?
  • Many foreign companies, in partnership with local Vietnam-based entities, are pouring large amounts of investments into Vietnam’s plastics manufacturing sector. For instance, in the construction plastics segment, the TienPhong Plastic JSC (NTP) and Binh Minh Plastic JSC (BMP) account for the bulk of the total market share.
  • How much plastic waste is piled up in Vietnam?
  • The World Bank has placed Vietnam among the top 4 countries with high volume of plastic waste. At 280,000 tons yearly, the country’s linear economy where the “take-make-dispose” model prevails has contributed to the huge plastic waste pile up.
  • What is Vietnam's construction plastics industry?
  • Vietnam's construction plastics segment accounts for around one-fourth of the total plastics industry. Developing the construction and real estate sector is boosting the demand for plastic construction products. In addition, the country's government aims to build a million affordable houses in more than 350 industrial zones.
  • Is Coca-Cola introducing fully recycled plastic bottles in Vietnam?
  • In September 2022, the US-based beverage company The Coca-Cola Company introduced fully recycled plastic bottles in Vietnam. The company claims to meet both Vietnamese regulations and international standards for food-grade rPET packaging. Based on the aforementioned aspects, extrusion technology is expected to dominate the market.
  • What is the growth rate of packaging industry in Vietnam?
  • With a growth rate of 15% to 20% in the upcoming years, the packaging industry is one of Vietnam's fastest-growing sectors. Over 900 factories are currently in operation in the sector, with approximately 70% of them located in the Southern region, primarily in Ho Chi Minh City, Binh Duong, and Dong Nai.

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