Vietnam Metal Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Vietnamese metal packaging market is expected to register a CAGR of 3.81% during the forecast period. The demand for convenience food has increased due to the nation's increasing pace of urbanization. In Vietnam, eating out and convenience meals are replacing food preparation, buying, and home cooking. The two main drivers of this trend's expansion are the rapidly expanding middle class and the young population.
Key HighlightsThe Vietnamese metal packaging market is highly fragmented due to several firms significantly contributing to the market share. The market is highly competitive, with regional players involved in product development. Some key players include Canpac Vietnam Co., Ltd, Nihon Canpack (Vietnam) Co., Ltd, Crown Holdings, Inc., Showa Aluminum Can Corporation, TBC-Ball Beverage Can VN Ltd, etc.
In April 2022, the Chain of Custody Standard and Performance Standard for responsible aluminum manufacturing, procurement, and stewardship was accredited by the Aluminium Stewardship Initiative for TBC Ball Beverage Can Vietnam Limited. The Aluminium Stewardship Initiative Certification assures clients that the company's production plant complies with stringent environmental, ethical, and governance standards, as specified by the ASI Standards. The high sustainability credentials of aluminum can help buyers looking for more ecologically friendly items feel optimistic.
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