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  • Why is plastic consumption rising in Vietnam?
  • The expansion of Vietnam’s manufacturing sector and its integration into global supply chains has contributed to the rising consumption of plastics. Here are a few key data points. Vietnam’s plastics market is projected to grow significantly, with an estimated market size of 10.92 million tons in 2024.
  • How big is Vietnam's plastics market?
  • Here are a few key data points. Vietnam’s plastics market is projected to grow significantly, with an estimated market size of 10.92 million tons in 2024. By 2029, the market is expected to reach 16.36 million tons, reflecting a compound annual growth rate of 8.44 percent during the forecast period, according to a report by Mordor Intelligence.
  • Why is Vietnam a key player in the plastics market?
  • Vietnam’s strategic location, cost-effective production, and access to raw materials have made it a key player in the regional plastics market. Packaging dominates the industry, supported by the booming e-commerce and food processing sectors. Meanwhile, the construction industry fuels demand for plastic pipes, doors, and other building materials.
  • What are the main plastic products in Vietnam?
  • The main plastics products include: Packaging plastics, such as films, bags, and containers, dominate Vietnam’s plastics production. These products are widely used in the food and beverage, agriculture, and e-commerce industries, driven by rising consumer demand and export opportunities.
  • How does the plastics industry work in Vietnam?
  • Vietnam’s plastics industry operates under regulations aimed at promoting sustainability, reducing environmental impact, and ensuring compliance with quality standards. Environmental laws require manufacturers to adopt waste management systems, reduce emissions, and use eco-friendly materials.
  • Why are plasticizer prices rising in Asia-Pacific?
  • Asia The price trend for plasticizers showed an upwards trend in the the Asia-Pacific region during the first quarter owing to the domestic polymer segment's increased demand for the product as a result of better offtakes from China’s construction sector.