Vietnam Cartonboard Paper Market Overview and Leading Firms
The Vietnam cartonboard paper market is projected to grow to USD 637.5 million by 2030, with a CAGR of 10.6% during the forecast period from 2023 to 2030.
Key factors driving this growth include the increasing need for sustainable packaging solutions, the rising demand for consumer goods, and the expansion of e-commerce. Despite these drivers, the market faces challenges due to unstable raw material prices. However, the emergence of innovative and customizable sustainable packaging solutions offers promising growth opportunities. The decline in printed packaging use poses a challenge, while smart packaging is a prominent trend.
Here are the top 10 companies operating in the Vietnam Cartonboard Paper Market
Major Companies in the Vietnam Cartonboard Paper Market:
- Kraft of Asia Paperboard & Packaging Co., Ltd. Established in 2018 in Ba Ria-Vung Tau Province, Kraft of Asia Paperboard & Packaging Co., Ltd. (KOA) has a production capacity of 400,000 tons per year. As a subsidiary of Japan’s Marubeni Corporation, KOA is committed to recycling and operates a comprehensive wastewater treatment facility.
- Vina Kraft Paper Co., Ltd. Vina Kraft Paper Co., Ltd., located in Binh Duong Province, is a major producer with a capacity of 500,000 tons annually. The company, a joint venture between Siam Kraft Industry and Rengo Company, specializes in various paper packaging products and has a significant export market.
- SONG LAM Trading & Packaging Production CO., Ltd. Founded in 2003 and based in Hanoi, SONG LAM provides folding carton packaging solutions for the pharmaceutical and food industries. Its advanced production facility in Quang Minh Industrial Zone supports its comprehensive packaging offerings.
- Vietnam Paper Corporation Vietnam Paper Corporation, founded in 1976 and headquartered in Phu Tho Province, has extensive capabilities in paper production, including bleached pulp and printing paper. The company leverages modern technology for efficient production across Vietnam and Southeast Asia.
- Thuan An Paper Service Trading Joint Stock Company Established in 1995 and operating in Binh Duong and Binh Phuoc provinces, Thuan An Paper Service Trading Joint Stock Company produces 650,000 tons of paper annually. Its product range includes Kraftop Liner paper, Test paper-liner, and Medium paper.
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- Saigon Paper Corporation Saigon Paper Corporation, founded in 1997 in Ba Ria – Vung Tau Province, is a significant producer of 100% recycled paper products. With two paper mills, the company’s total production capacity is 224,640 tons per year.
- Xuan Mai Paper Co., Ltd. Xuan Mai Paper Co., Ltd., established in 2004 and headquartered in Ho Chi Minh City, specializes in high-quality carton and consumer papers. The company supplies to various sectors and has made significant investments in wastewater treatment technology.
- Dong Tien Packaging and Paper Co., Ltd Dong Tien, founded in 1994 in Ho Chi Minh City, is a leader in recycling paper. The company produces a wide range of paper products, including White Top Liner and Testliner papers, using advanced international technology.
- MY HUONG PAPER MANUFACTURING MY HUONG PAPER MANUFACTURING, founded in 2008 in Hai Phong, specializes in duplex paper production. Its strategic location and advanced infrastructure support its goal of becoming a leading manufacturer by 2025.
- Miza Nghi Son Co., LTD Miza Nghi Son Co., LTD, established in 2018 in Thanh Hoa Province, focuses on manufacturing packaging paper with an emphasis on recycling. The company produces medium, testliner, and duplex paper, catering to both domestic and international markets.
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