Non Pvc Plasticizers Market Vietnam

  • Non Pvc Plasticizers Market Vietnam
  • Non Pvc Plasticizers Market Vietnam
  • Non Pvc Plasticizers Market Vietnam
  • 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.
  • Which technology will dominate the Vietnamese plastics market?
  • Based on the aforementioned aspects, extrusion technology is expected to dominate the market. Packaging accounts for the largest share of the Vietnamese plastics market. Factors like light weight and thermal, chemical, and corrosion resistance make plastics a viable choice for packaging purposes in the Vietnamese market.
  • How many plastic companies are there in Vietnam?
  • Currently, there are more than 2,000 plastic companies in Vietnam mainly located in Ho Chi Minh City (84%). Domestic plastic companies account for 85% while foreign ones account for only 15% in number but 40% in investment capital.
  • Why is plastic a viable choice for packaging purposes in Vietnam?
  • Factors like light weight and thermal, chemical, and corrosion resistance make plastics a viable choice for packaging purposes in the Vietnamese market. In the packaging industry, plastics are used for healthcare packaging, food and beverage packaging, consumer packaged goods, consumer and personal care packaging, and in the home and garden.
  • 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.
  • How big is the plastics market in Vietnam?
  • Packaging accounts for around 68% of the plastics market share. The Vietnam Plastics Association (VPA) report places plastic packaging companies at around 460 out of 2,000 plastic companies operating in Vietnam and these packaging companies contribute to over 60% of Vietnam’s yearly export sales.

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