The Vietnam recycled plastics market size reached 248.5 Kilo Tons in 2022. Looking forward, the publisher expects the market to reach 409.9 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 8.36% during 2023-2028.
Plastic is present around us in huge quantities and accounts for almost 90% of the global municipal waste. This waste gets accumulated on land that can be used for other purposes, and thus recycling plastic offers an effective solution for clearing these landfill spaces. Plastic recycling includes the reprocessing of post-consumer or post-industrial plastics instead of the virgin resin. Plastic is also recycled during the manufacture of plastic products such as polyethylene films and bags. A significant fraction of these plastics is further used in the manufacturing of several products such as footwear, bags, toys, fabrics, toothbrushes, etc.
Increasing prices of conventional plastics along with the growing concern for the environment represent the key factors driving the market for recycled plastics in Vietnam. Recycling plastics reduces the amount of energy and natural resources needed to create virgin plastic. Therefore, shifting focus towards sustainability is boosting the demand for recycled plastics across the globe. Moreover, increasing local demand and lower labour costs has expanded the market in the country.
This report provides a deep insight into the Vietnam recycled plastics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Vietnam recycled plastics industry in any manner.
Plastic is present around us in huge quantities and accounts for almost 90% of the global municipal waste. This waste gets accumulated on land that can be used for other purposes, and thus recycling plastic offers an effective solution for clearing these landfill spaces. Plastic recycling includes the reprocessing of post-consumer or post-industrial plastics instead of the virgin resin. Plastic is also recycled during the manufacture of plastic products such as polyethylene films and bags. A significant fraction of these plastics is further used in the manufacturing of several products such as footwear, bags, toys, fabrics, toothbrushes, etc.
Increasing prices of conventional plastics along with the growing concern for the environment represent the key factors driving the market for recycled plastics in Vietnam. Recycling plastics reduces the amount of energy and natural resources needed to create virgin plastic. Therefore, shifting focus towards sustainability is boosting the demand for recycled plastics across the globe. Moreover, increasing local demand and lower labour costs has expanded the market in the country.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the Vietnam recycled plastics market report, along with forecasts at the country and regional levels from 2023-2028. The report has categorized the market based on material and application.Breakup by Material:
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- High Density Polyethylene (HDPE)
- Others
Breakup by Application:
- Non-Food Contact Packaging
- Food Contact Packaging
- Construction
- Household Products
- Others
Breakup by Region:
- Southern Vietnam
- Northern Vietnam
- Central Vietnam
Competetive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Vinh Thanh Corporation, Trinh Nghi Joint Stock Company, Import and Export Joint Stock Company Suwon Vina, Quynh Quyen Hung Yen Trading & Production Company Limited, Trang Yen Plastic Trading Company Limited, Hung Phu Plastic Investment Company Limited, Tran Thanh Phat Company, Tin Thanh Plastic Production - Trading Co. Ltd, Hiep Phat Plastic Trading Manufacturing Co. Ltd., Thien Phuoc Production & Trading Co. Ltd.This report provides a deep insight into the Vietnam recycled plastics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Vietnam recycled plastics industry in any manner.
Key Questions Answered in This Report:
- How has the Vietnam recycled plastics market performed so far and how will it perform in the coming years?
- What are the major materials in the Vietnam recycled plastics market?
- What has been the impact of COVID-19 on the Vietnam recycled plastics market?
- What are the key application segments in the Vietnam recycled plastics market?
- What are the key regions in the Vietnam recycled plastics market?
- What are the various stages in the value chain of the Vietnam recycled plastics market?
- What are the key driving factors and challenges in the Vietnam recycled plastics market?
- What is the structure of the Vietnam recycled plastics market and who are the key players?
- What is the degree of competition in the Vietnam recycled plastics market?
- How are recycled plastics manufactured?
Table of Contents
1 Preface3 Executive Summary6 Value Chain Analysis8 Key Market Drivers and Success Factors
2 Scope and Methodology
4 Vietnam Recycled Plastics Market
5 SWOT Analysis
7 Porters Five Forces Analysis
9 Market Breakup by Material
10 Market Breakup by Application
11 Market Breakup by Region
12 Competitive Landscape
Companies Mentioned
- Vinh Thanh Corporation
- Trinh Nghi Joint Stock Company
- Import
- Export Joint Stock Company Suwon Vina
- Quynh Quyen Hung Yen Trading & Production Company Limited
- Trang Yen Plastic Trading Company Limited
- Hung Phu Plastic Investment Company Limited
- Tran Thanh Phat Company
- Tin Thanh Plastic Production - Trading Co. Ltd
- Hiep Phat Plastic Trading Manufacturing Co. Ltd.
- Thien Phuoc Production & Trading Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 118 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 248.5 Kilo Tons |
| Forecasted Market Value by 2028 | 409.9 Kilo Tons |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 11 |
