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  • How big is the Vietnam plastics market?
  • The Vietnam plastics market size was nearly 10.27 million tonnes in 2023. The market is estimated to grow at a CAGR of 8.4% during 2024-2032, to reach around 21.38 million tonnes by 2032. Plastic is a critical material used in various sectors across the world.
  • Why is plastic used in packaging industry in Vietnam?
  • As per the Vietnam plastics market analysis, plastic is widely used in the packaging sector due to its durability, cost-effectiveness, sealability, flexibility, and design freedom, among others. Plastic packaging increases the shelf life of a product due to its durable nature.
  • 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.
  • What are the different types of plastic materials used in Vietnam?
  • These sectors include packaging, textiles, transportation, healthcare, electronics, and consumer products, among others. Some most eminent and widely used plastic materials are acrylic, polycarbonate, polyethylene, and polypropylene, among others. The Vietnam plastics market demand is being supported by the robust growth of the packaging sector.
  • What is Vietnam plastics market segmentation?
  • Based on type, the Vietnam plastics market segmentation includes polyethylene, polyethylene terephthalate, polyvinyl chloride, polypropylene, polycarbonate, polyurethane, and polystyrene, among others. On the basis of application, the market is divided into injection moulding, blow moulding, casting, thermoforming, and extrusion, among others.
  • 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.