Vietnam Recycled Plastics Market

The Vietnam recycled plastics market reached a volume of 182,600 Tons in 2018. 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. Owing to the aforementioned factors, the market is expected to reach a volume of 305,600 Tons by 2024, exhibiting a CAGR of 8.7% during 2019-2024.

Market Segmentation:

Breakup by Material:

• Polyethylene Terephthalate (PET)
• Polypropylene (PP) 
• High Density Polyethylene (HDPE) 
• Others

The report has segmented the market on the basis of material including Polyethylene Terephthalate (PET), Polypropylene (PP), High Density Polyethylene (HDPE) and others. Amongst these, Polyethylene Terephthalate (PET) represents the most popular type.

Breakup by Application:

• Non-Food Contact Packaging
• Food Contact Packaging
• Construction 
• Household Products
• Others

On the basis of applications, non-food contact packaging represents the largest segment, followed by food contact packaging, construction, household products and others.

Breakup by Region:

• Southern Vietnam 
• Northern Vietnam 
• Central Vietnam

Region-wise, Southern Vietnam is the largest market, followed by Northern Vietnam and 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 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?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Vietnam Recycled Plastics Market
    4.1    Market Overview
    4.2    Market Performance
    4.3    Market Breakup by Material
    4.4    Market Breakup by Application
    4.5    Market Breakup by Region
    4.6    Market Forecast
5    SWOT Analysis
    5.1    Strengths
    5.2    Weaknesses
    5.3    Opportunities
    5.4    Threats
6    Value Chain Analysis
7    Porters Five Forces Analysis
    7.1    Overview
    7.2    Bargaining Power of Buyers
    7.3    Bargaining Power of Suppliers
    7.4    Degree of Competition
    7.5    Threat of New Entrants
    7.6    Threat of Substitutes
8    Key Market Drivers and Success Factors
9    Market Breakup by Material
    9.1    Polyethylene Terephthalate (PET)
        9.1.1    Market Performance
        9.1.2    Market Forecast
    9.2    Polypropylene (PP)
        9.2.1    Market Performance
        9.2.2    Market Forecast
    9.3    High Density Polyethylene (HDPE)
        9.3.1    Market Performance
        9.3.2    Market Forecast
    9.4    Others
        9.4.1    Market Performance
        9.4.2    Market Forecast
10    Market Breakup by Application
    10.1    Non-Food Contact Packaging
        10.1.1    Market Performance
        10.1.2    Market Breakup by Material
        10.1.3    Market Forecast
    10.2    Food Contact Packaging
        10.2.1    Market Performance
        10.2.2    Market Breakup by Material
        10.2.3    Market Forecast
    10.3    Construction
        10.3.1    Market Performance
        10.3.2    Market Breakup by Material
        10.3.3    Market Forecast
    10.4    Household Products
        10.4.1    Market Performance
        10.4.2    Market Breakup by Material
        10.4.3    Market Forecast
11    Market Breakup by Region
    11.1    Southern Vietnam
        11.1.1    Market Performance
        11.1.2    Market Breakup by Material
        11.1.3    Market Forecast
    11.2    Northern Vietnam
        11.2.1    Market Performance
        11.2.2    Market Forecast
    11.3    Central Vietnam
        11.3.1    Market Performance
        11.3.2    Market Forecast
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Vinh Thanh Corporation
        12.3.2    Trinh Nghi Joint Stock Company
        12.3.3    Import and Export Joint Stock Company Suwon Vina
        12.3.4    Quynh Quyen Hung Yen Trading and Production Company
        12.3.5    Trang Yen Plastic Trading Company Limited
        12.3.6    Hung Phu Plastic Investment Company Limited
        12.3.7    Tran Thanh Phat Company
        12.3.8    Tin Thanh Plastic Production - Trading Co. Ltd
        12.3.9    Hiep Phat Plastic Trading Manufacturing Co. Ltd.
        12.3.10    Thien Phuoc Production & Trading Co. Ltd

 
List of Figures

Figure 1: Vietnam: Recycled Plastics Market: Major Drivers and Challenges
Figure 2: Vietnam: Recycled Plastics Market: Volume Trends (in ‘000 Tons), 2011-2018
Figure 3: Vietnam: Recycled Plastics Market: Breakup by Material (in %), 2018
Figure 4: Vietnam: Recycled Plastics Market: Breakup by Application (in %), 2018
Figure 5: Vietnam: Recycled Plastics Market: Breakup by Region (in %), 2018
Figure 6: Vietnam: Recycled Plastics Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 7: Vietnam: Recycled Plastics Industry: SWOT Analysis
Figure 8: Vietnam: Recycled Plastics Industry: Value Chain Analysis
Figure 9: Vietnam: Recycled Plastics Industry: Porter’s Five Forces Analysis
Figure 10: Vietnam: Recycled Plastic (Polyethylene Terephthalate- PET) Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 11: Vietnam: Recycled Plastic (Polyethylene Terephthalate- PET) Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 12: Vietnam: Recycled Plastic (Polypropylene- PP) Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 13: Vietnam: Recycled Plastic (Polypropylene- PP) Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 14: Vietnam: Recycled Plastic (High Density Polyethylene- HDPE) Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 15: Vietnam: Recycled Plastic (High Density Polyethylene- HDPE) Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 16: Vietnam: Recycled Plastic (Other Plastics) Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 17: Vietnam: Recycled Plastic (Other Plastics) Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 18: Vietnam: Recycled Plastics (Non-Food Contact Packaging) Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 19: Vietnam: Recycled Plastics (Non-Food Contact Packaging) Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 20: Vietnam: Recycled Plastics (Food Contact Packaging) Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 21: Vietnam: Recycled Plastics (Food Contact Packaging) Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 22: Vietnam: Recycled Plastics (Construction) Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 23: Vietnam: Recycled Plastics (Construction) Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 24: Vietnam: Recycled Plastics (Household Products) Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 25: Vietnam: Recycled Plastics (Household Products) Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 26: Southern Vietnam: Recycled Plastics Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 27: Southern Vietnam: Recycled Plastics Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 28: Northern Vietnam: Recycled Plastics Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 29: Northern Vietnam: Recycled Plastics Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024
Figure 30: Central Vietnam: Recycled Plastics Market: Volume Trends (in ‘000 Tons), 2011 & 2018
Figure 31: Central Vietnam: Recycled Plastics Market Forecast: Volume Trends (in ‘000 Tons), 2019-2024

List of Tables

Table 1: Vietnam: Recycled Plastics Market: Key Industry Highlights, 2018 and 2024
Table 2: Vietnam: Recycled Plastic Market Forecast: Breakup by Material (in ‘000 Tons), 2019-2024
Table 3: Vietnam: Recycled Plastics Market Forecast: Breakup by Application (in ‘000 Tons), 2019-2024
Table 4: Vietnam: Recycled Plastics Market Forecast: Breakup by Region (in ‘000 Tons), 2019-2024
Table 5: Vietnam: Recycled Plastics Market: Competitive Structure
Table 6: Vietnam: Recycled Plastics Market: Key Players