Vietnam supply price plasticizer ATBC for plastic industry

Vietnam supply price plasticizer ATBC for plastic industry

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Vietnam supply price plasticizer ATBC for plastic industry

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Vietnam supply price plasticizer ATBC for plastic industry

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Vietnam supply price plasticizer ATBC for plastic industry

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Vietnam supply price plasticizer ATBC for plastic industry

vietnam plastics materials and resins market (2024-2030

Vietnam supply price plasticizer ATBC for plastic industry
  • How big is the Vietnam plastics market?
  • The Vietnam Plastics Market size is estimated at 10.92 Million tons in 2024, and is expected to reach 16.36 Million tons by 2029, growing at a CAGR of 8.44% during the forecast period (2024-2029). The COVID-19 pandemic affected the Vietnamese market negatively.
  • 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.
  • What are the advantages of PET packaging industry in Vietnam?
  • In addition, low handling hazards, low toxicity, absence of Bisphenol A (BPA), and heavy metals favor the PET market for the food packaging industry. With a growth rate of 15% to 20% in the upcoming years, the packaging industry is one of Vietnam's fastest-growing sectors.