Vietnam Corrugated Box: Corrugated Packaging Sector Set for Recovery Amid E -Commerce Expansion and Improving Export Orders.

The corrugated box sector in Vietnam is a vital part of the packaging industry, poised for substantial growth in the coming years. The market is projected to expand by approximately 10% in the coming years, fueled by increasing demand from key end-use sectors including e-commerce, electronics, textiles and garments, food and beverages, and pharmaceuticals.

The corrugated box sector in Vietnam is a vital part of the packaging industry, poised for substantial growth in the coming years. The market is projected to expand by approximately 10% in the coming years, fueled by increasing demand from key end-use sectors including e-commerce, electronics, textiles and garments, food and beverages, and pharmaceuticals. 

The market is highly fragmented, with the participation of over 200 players. Despite this fragmentation, the top 10 manufacturers account for approximately 30% of the market share. Notable players include Viet Hung, Gold Sun, and Dohaco. 

Key Growth Drivers: 

• E-commerce Expansion: The booming e-commerce sector in Vietnam is a major driver of demand for corrugated boxes, as online retailers require packaging for shipping products to customers. 

• Export Recovery: The recovery of key export industries, such as textiles and electronics, is expected to boost demand for corrugated boxes as manufacturers increase production to meet export orders. 

• Consumer-Oriented Sectors: The growing demand for food and beverages, driven by expanding retail outlets and food delivery services, is also fueling the growth of the corrugated box market. 

The paper and corrugated box sector in Vietnam remains an attractive investment opportunity, as evidenced by a strong wave of foreign investments over the last five years. The robust growth outlook is fueled by the expanding e-commerce sector, increased exports, and growing consumer-oriented industries, underscoring the sector's potential for continued expansion. 

For the full sector preview, kindly access [HERE]. 

For insights into other key sectors in Vietnam (Packaging, Logistics, Energy, Renewable Energy, Financial Services, M&A, Water Supply, Cement, etc.), please visit our website at (https://fiinresearch.vn). 

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FiinGroup is Vietnam’s leading provider of financial data analytics platforms, business information, market research and consulting, credit ratings, and other data-driven analytics services via Platform as a Service (PaaS), annual package, and on-call services.     

To assist potential investors in unlocking the potential of Vietnam's Packaging sector, FiinGroup has successfully supported various local and foreign investors via market assessment, market entry advisory, commercial due diligence, merger filing support and deal advisory to penetrate/ expand their businesses. 

For more information about FiinGroup’s support and other investor services and how we can support, please call +84 (24) 3562 6962 or email to research.support@fiingroup.vn.  

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