Vietnam Paper Packaging - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Description
Vietnam Paper Packaging Market Analysis
The Vietnam paper packaging market was valued at USD 2.84 billion in 2025 and estimated to grow from USD 3.11 billion in 2026 to reach USD 4.92 billion by 2031, at a CAGR of 9.61% during the forecast period (2026-2031). This expansion significantly outpaces the global average, underscoring Vietnam’s strategic role in Southeast Asia’s evolving supply chain framework. Rising middle-class consumption, robust foreign direct investment, and regulatory incentives such as extended producer responsibility requirements are accelerating demand for paper-based formats. The surge in e-commerce parcel volumes, the relocation of fast-moving consumer goods and electronics production, and brand-owner carbon-cut commitments all converge to bolster the Vietnam paper packaging market.Meanwhile, virgin-fiber shortages and volatile recovered-paper import rules create supply-side friction that keeps prices and capacity expansion in sharp focus.
Vietnam Paper Packaging Market Trends and Insights
Booming e-commerce parcel volumes
National e-commerce turnover rose at a double-digit pace in 2024, driving aggregate parcel flows across Ho Chi Minh City, Hanoi, and Da Nang. The uptick amplifies demand for corrugated shipping containers engineered to survive multimodal logistics chains. Micro-fulfillment centers in tier-2 cities are shifting order profiles toward smaller-format boxes that fit parcel lockers and two-wheeler delivery racks. Vietnam’s Decision 221/QD-TTg targets a 9%–11% logistics GDP contribution, prompting automation upgrades that require standardized packaging dimensions for high-speed sortation. Capital spending of USD 5 billion earmarked for smart-logistics infrastructure through 2030 cements near-term volume visibility. The Vietnam paper packaging market gains immediate tailwinds from this parcel boom.
Rapid FMCG and electronics off-shoring into Vietnam
Over 66% of 2025’s fresh FDI pledges flowed into processing and manufacturing, catalyzing plant-level demand for transport-worthy cartons in Northern and Southern industrial belts. Snack-food producers, exemplified by the USD 90 million Ha Nam facility, anchor steady containerboard pull-through while prioritizing 100% sustainable sourcing goals. Electronics assemblers relocating from China specify anti-static liners, moisture barriers, and white-top kraftliners that meet global quality codes. Localization mandates by multinational corporations promote in-country board production to cut import reliance and Scope-3 emissions. As a result, the Vietnam paper packaging market secures long-run orders tied to foreign plant commissioning schedules.
Structural shortfall of domestic virgin fiber; import dependence
Vietnam’s mills cannot meet surging kraftliner demand because the country lacks large-scale, sustainable forestry plantations. In early 2023, total packaging-paper consumption hit 284,530 tons even as imports rose 9.2% month-on-month, underscoring the gap. Currency swings and freight costs translate quickly into linerboard prices, affecting converter margins. Premium grades that rely on long fiber face periodic shortages, forcing users to down-spec or pay surcharges. The fiber deficit, therefore, acts as a structural drag on the Vietnam paper packaging market.
Other drivers and restraints analyzed in the detailed report include:
- Plastic phase-out regulations (EPR and DRS)
- Foreign brand owners' Scope-3 carbon cuts push lightweight recycled board
- Volatile recovered-paper import policy and quality controls
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Containerboard held 57.18% of the Vietnam paper packaging market share in 2025, a reflection of Vietnam’s export-oriented profile that relies on robust corrugating medium for global shipping. White-top kraftliner commands premium pricing in electronics clusters, whereas recycled fluting satisfies domestic food-and-beverage logistics. Semi-chemical fluting attracts buyers, balancing cost and strength. Cartonboard, although smaller, records an 11.13% CAGR to 2031, propelled by rising pharmaceutical labeling needs and retail-ready displays. Solid bleached sulfate and folding boxboard deliver high-graphics surfaces essential for brand differentiation among multinational FMCG firms. Coated recycled board and uncoated recycled board gain traction as eco-labels become purchasing criteria. Tetra Pak’s capacity boost dedicates 55% output to local buyers, signaling confidence in premium carton uptake.
The Vietnam paper packaging market size for containerboard is projected to rise steadily alongside warehouse construction in industrial parks. Meanwhile, the Vietnam paper packaging market size for cartonboard stands to benefit from regulatory pressure favoring lightweight formats with higher recycled content. Market positioning is thus shifting from commodity liner toward value-added board engineered for specific end uses and shorter print runs.
Corrugated Boxes and Containers accounted for 50.12% of the Vietnam paper packaging market size in 2025, as e-commerce and export shipping dominated volume patterns. Large shippers require B- and C-flute cases that strike a balance between crush resistance and stacking efficiency for sea freight. The rollout of USD 5 billion in smart-logistics infrastructure through 2030 ensures continued corrugated throughput. Folding cartons, however, are expanding at an 10.96% CAGR as healthcare and personal-care brands seek tamper-evident, shelf-ready solutions. Digital print subsidies accelerate carton customization, which supports premium pricing.
Down-gauge opportunities in corrugated remain limited until fiber supply stabilizes. In contrast, cartons utilize lightweight coated substrates to minimize material usage and align with Scope 3 emission targets. Molded pulp inserts integrated into folding-carton formats further differentiate offerings. The Vietnam paper packaging market is continuing to evolve from bulk shippers toward hybrid SKUs that combine structural protection with point-of-sale appeal.
The Vietnam Paper Packaging Market Report is Segmented by Grade (Cartonboard, and Containerboard), Product (Folding Cartons, Corrugated Boxes and Containers, and More), End-User Industry (Food, Beverage, Healthcare, Household Care, Electrical and Electronics, and More), Packaging Format (Rigid, Semi-Rigid, Molded Fiber and Pulp Packaging Products, and More). The Market Forecasts are Provided in Terms of Value (USD).
List of Companies Covered in this Report:
- SONG LAM Trading & Packaging Production CO., Ltd
- Asia Pulp & Paper Group (APP)
- Tetra Pak International S.A.
- Oji Interpack Vietnam Co., Ltd
- Khang Thanh Manufacturing CO., LTD
- Hanh Packaging Co. Ltd
- SCG Paper Public Company Limited
- BINH MINH P.A.T CO.,LTD
- Kraft of Asia Paperboard & Packaging Co., Ltd..
- HC Packaging Vietnam Company Limited
- Starprint Vietnam Joint Stock Company
- Nippon Paper Industries Co., Ltd.
- Box-Pak (Malaysia) Bhd.
- Lee & Man Paper Manufacturing Ltd.
- Sai Gon Paper Corporation
- Dong Hai Ben Tre Joint Stock Company
- Nine Dragons Paper (Holdings) Limited
- Rengo Co., Ltd
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
- 1 INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
- 2 RESEARCH METHODOLOGY
- 3 EXECUTIVE SUMMARY
- 4 MARKET LANDSCAPE
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.2.1 Booming e-commerce parcel volumes
- 4.2.2 Rapid FMCG and electronics off-shoring into Vietnam
- 4.2.3 Plastic phase-out regulations
- 4.2.4 Foreign brand owners’ Scope-3 carbon cuts push lightweight recycled board
- 4.2.5 Rise of social-commerce micro-fulfilment in tier-2 cities
- 4.2.6 Tax-incentivised investments in high-speed digital printing lines
- 4.3 Market Restraints
- 4.3.1 Structural shortfall of domestic virgin fibre; import dependence
- 4.3.2 Volatile recovered-paper import policy and quality controls
- 4.3.3 US/EU trade actions on wood products tighten pulpwood feedstock
- 4.3.4 Industrial power-tariff hikes squeeze SME corrugators
- 4.4 Industry Supply-Chain Analysis
- 4.5 Regulatory Landscape
- 4.6 Technological Outlook
- 4.7 Porter’s Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Buyers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes
- 4.7.5 Intensity of Competitive Rivalry
- 5 MARKET SIZE AND GROWTH FORECASTS (VALUE)
- 5.1 By Grade
- 5.1.1 Cartonboard
- 5.1.1.1 Solid Bleached Sulphate (SBS)
- 5.1.1.2 Solid Unbleached Sulphate (SUS)
- 5.1.1.3 Folding Boxboard (FBB)
- 5.1.1.4 Coated Recycled Board (CRB)
- 5.1.1.5 Uncoated Recycled Board (URB)
- 5.1.1.6 Other Cartonboard Grades
- 5.1.2 Containerboard
- 5.1.2.1 White-top Kraftliner
- 5.1.2.2 Other Kraftliners
- 5.1.2.3 White-top Testliner
- 5.1.2.4 Other Testliners
- 5.1.2.5 Semi-chemical Fluting
- 5.1.2.6 Recycled Fluting
- 5.1.3 Other Grades
- 5.2 By Product
- 5.2.1 Folding Cartons
- 5.2.2 Corrugated Boxes and Containers
- 5.2.3 Other Products
- 5.3 By End-User Industry
- 5.3.1 Food
- 5.3.2 Beverage
- 5.3.3 Healthcare
- 5.3.4 Personal Care
- 5.3.5 Household Care
- 5.3.6 Electrical and Electronics
- 5.3.7 Other End-User Industries
- 5.4 By Packaging Format
- 5.4.1 Rigid (Corrugated, Solid Board)
- 5.4.2 Semi-rigid (Folding Cartons excluding Solid Board Boxes)
- 5.4.3 Flexible Paper (Sachets, Wraps)
- 5.4.4 Molded Fiber and Pulp Packaging Products
- 6 COMPETITIVE LANDSCAPE
- 6.1 Market Concentration
- 6.2 Strategic Moves
- 6.3 Market Share Analysis
- 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
- 6.4.1 SONG LAM Trading & Packaging Production CO., Ltd
- 6.4.2 Asia Pulp & Paper Group (APP)
- 6.4.3 Tetra Pak International S.A.
- 6.4.4 Oji Interpack Vietnam Co., Ltd
- 6.4.5 Khang Thanh Manufacturing CO., LTD
- 6.4.6 Hanh Packaging Co. Ltd
- 6.4.7 SCG Paper Public Company Limited
- 6.4.8 BINH MINH P.A.T CO.,LTD
- 6.4.9 Kraft of Asia Paperboard & Packaging Co., Ltd..
- 6.4.10 HC Packaging Vietnam Company Limited
- 6.4.11 Starprint Vietnam Joint Stock Company
- 6.4.12 Nippon Paper Industries Co., Ltd.
- 6.4.13 Box-Pak (Malaysia) Bhd.
- 6.4.14 Lee & Man Paper Manufacturing Ltd.
- 6.4.15 Sai Gon Paper Corporation
- 6.4.16 Dong Hai Ben Tre Joint Stock Company
- 6.4.17 Nine Dragons Paper (Holdings) Limited
- 6.4.18 Rengo Co., Ltd
- 7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK
- 7.1 White-space and Unmet-Need Assessment
Pricing
Currency Rates